2019-9-23 07:15 |
Facebook has reportedly revealed the percentage breakdown of the basket of global currencies that will underpin its Libra cryptocurrency. origin »
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Jeremy Allaire’s Circle issued a U. S. dollar-backed stablecoin before stablecoins were cool. Now that Facebook has joined the fray with its Libra coin, which is designed to be backed by a basket of fiat currencies (and maybe other financial instruments), the spotlight on stablecoins has grown brighter.
2019-7-30 03:15 | |
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Facebook is on the wrong end of a political cycle which could weaken the standing of its cryptocurrency project Libra, believes Ryan Selkis of Messari. The CEO said Libra is a “bonafide threat” to the US dollar because Facebook wonders about structuring the greenback with a basket of international currencies.
2019-7-14 16:00 | |
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As the wave of interest in Facebook's stablecoin Libra continues around the world, it appears that Mark Zuckerberg's foray into digital currencies has a new and powerful ally. Fitch, one of the big three credit rating agencies, gave it a thumbs up in a recent report.
2019-6-25 05:20 | |
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Facebook has announced a new digital currency backed by a basket of national fiat currencies is to launch in the first half of next year. Libra says it is a... The post Facebook Coin, a Dystopia or Good For Bitcoin? appeared first on Trustnodes.
2019-6-18 16:41 | |
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At long last, Facebook’s inaugural consumer-facing Bitcoin-related (albeit remotely related) project is upon us. To be announced on Tuesday morning, Libra (Reserve) is slated to be a stablecoin tied to a basket of traditional assets, presumably ensuring it is nothing like other crypto assets.
2019-6-18 16:40 | |
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A Facebook executive has told a German magazine that the firm's planned stablecoin will be tied to a basket of fiat currencies.
2019-6-8 16:21 | |
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Facebook is planning to unveil this June a corporate GlobalCoin that is expected to be pegged to the dollar or a basket of currencies with details sparse as to how...
2019-6-6 18:09 | |
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Facebook is looking for VC firms to invest in its cryptocurrency project for sums as large as $1 billion, according to NY Times reporter Nathaniel Popper. The company is allegedly designing its crypto as a stablecoin for WhatsApp using a basket of foreign currencies as collateral.
2019-4-9 06:03 | |
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Bhavsar joins the Libra Association after 25 years in public- and private-sector banking regulation roles.
Libra Association founding member, Bison Trails, has released a QT protocol allowing developers to read and write data to Libra’s pre-mainnet using off-chain systems.
The European Commission, the executive arm of the E. U. , has drawn up regulation to tightly monitor cryptocurrencies it considers “significant”, including asset-backed stablecoins like Facebook’s libra.
The Libra Association's head of policy said ongoing dialogues with central bankers had not dented their original ambition.
Libra's most vexing challenge may be juggling inclusion and compliance. But policy chief Dante Disparte says the project is not giving up on reaching the unbanked.
Rep. Sylvia Garcia's comments suggest libra's roots as a Facebook initiative remain a political liability despite the consortium's steps to sate critics.
Tagomi is joining the Libra Association.