Bitcoin Blockchain and Cryptocurrency News Center
As the Cointelegraph reported, the Libra Association just filled a key role. The Libra Association, the group behind Facebook’s digital asset endeavor, unveiled an update to its brass. The association announced Sterling Daines as the chief compliance officer of the outfit, said a statement provided to Cointelegraph staff. Daines will leave his post at Credit Suisse […]
Facebook’s Calibra team introduces a new protocol for distributed auditing of assets that could have saved Mt. Gox. In a recent presentation at the 3rd ZKProof Workshop, the Calibra research team presented Distributed Auditing Proofs of Liabilities, or DAPOL, protocol designed to make improvements to the existing distributed audit procedures. The team led by Konstantinos Chalkias, contends […]
As the Libra stablecoin project continues to face a hostile audience of regulators, Facebook launches a new fiat payment system called Facebook Pay, the CoinTelegraph reported. Empower people everywhere to buy and sell things online On Nov. 12, the social media giant announced that it is introducing Facebook Pay, a payment system that is designed to facilitate […]
Twitter will not be joining the Libra Association, according to CEO Jack Dorsey, the CoinDesk announced on October 25. Dorsey replied with a conclusive “Hell no” on the question of his firm’s potential membership of the Facebook-led crypto payments scheme at a New York City-based Twitter event. As The Verge reported Thursday, he explained that Libra is […]
Mark Zuckerberg, the founder of social media giant Facebook, plans to tell United States Congress that Libra will not launch anywhere in the world until U.S. regulators approve it, the CoinTelegraph reported. Libra won’t launch anywhere without Congressional approval Per Zuckerberg’s prepared remarks released on Oct. 22 in advance of planned hearings before the U.S. House Financial Services Committee, […]
Bank of England Governor Mark Carney has defended Facebook’s choice to create a new currency. Canadian news outlet TheStar reported Carney’s remarks on Oct. 15, noting that he highlighted the shortcomings of the current traditional financial system. Because of the inefficiency of the payments, Carey thinks that firms such as Facebook should be involved in projects like […]
Visa, EBay, Stripe and Mastercard have all announced that they are dropping out of Facebook’s Libra Association and its associated stablecoin project. Four companies abandon ship On Oct. 11, Bloomberg reported that Ebay, Stripe and Mastercard had decided to drop out of Facebook’s Libra cryptocurrency project. Within minutes, Visa said it had also decided not to join the Libra […]
Brad Garlinghouse, the CEO of blockchain payments network Ripple, thinks that Facebook will fail to launch its Libra digital currency before 2023. Garlinghouse bets on a three-year Libra delay Speaking in an interview with Fortune on Oct. 7, Brad Garlinghouse argued that regulatory pushback would continue to plague the project that was only announced in June, noting: “I would bet that Libra… […]
Facebook’s Libra digital currency developers have released a new roadmap outlining steps toward its mainnet launch, the CoinTelegraph reported. The update from the Libra Foundation published on Oct. 2 highlights various points of interest for both developers and those who operate the protocol’s nodes. Devs focus on mainnet preparations Currently running as a testnet, Libra aims to […]
IBM is willing to team up with Facebook to develop blockchain technology, an IBM executive said, explaining that developing the blockchain ecosystem is “a team sport.” “Our clients are ready to work with (Facebook) and we’re ready to work with all of them to bring it together,” Jason Kelley, IBM’s blockchain general manager, said in […]