As it tries to distance itself from the initial controversy, Facebook‘s new “diem“ project gets hit with another lawsuit

Quick Take 1 minute read Last week, it was officially announced that the Facebook lead crypto project known as Diem (previously known as Libra), has been hit with legal action...

Facebook‘s Libra project re-brands to Diem as it plans to launch early 2021

Quick take 1 minute read Earlier this week, Libra announced that it was getting ready to change its whole name and branding to Diem.  This comes as the project is...

Advertisement

Former HSBC executive joins Libra Association as its new CFO

Quick take 1 minute read Libra, the yet to be released cryptocurrency project from Facebook has just brought on board its chief financial officer and chief risk officer for the...

Blockchain capital becomes the newest member of the Facebook-led libra Association

Blockchain Capital has just been added to the Libra Association as was released in a blog post published at the end of last week on the 18th of September.  The...

What would the rise of CBDCs mean for bitcoin and Facebook’s Libra?

Central-bank digital currencies are becoming more and more popular all over the world.  Many central banks are looking into this new asset class for the future but as these banks...

Facebook‘s new division will look into payments with the Libra co-creator at the helm

Over the past 12 months, Facebook has been the talk of the town within the crypto space.  After the social network announced the development of its Libra stablecoin, many heads...

As Libra and CBDCs fight for the top spot, could bitcoin be the Darkhorse?

Around this time last year, Facebook announced its Libra token with financial inclusion as its main goal. As it was announced, many central banks all over the world were all...

How Facebook & telegram are impacting regulators with their crypto projects

Dr. Steven Waterhouse has said that the government of the United States will not allow for private enterprises to challenge the power of the dollar. Speaking in an interview, the...

Checkout.com teams up with the Libra to help unbanked people all over the world

One of the latest companies to join Libra is Checkout.com, a digital payment processor that is a big believer in the project.  Announced recently, the company thinks that the stablecoin...

Former Undersecretary for Barack Obama takes the CEO spot at the Libra Association 

  Libra announced this week that they had appointed Stuart Levey as its chief executive officer.  Before joining the project, Stuart served as Obama’s undersecretary for terrorism and financial intelligence. ...

Antonopoulos: Libra is nothing to worry about for BTC

Facebook‘s upcoming cryptocurrency has been the talk of the town for over a year now.  Recently, the project has changed its ways and is going to be linked to individual...

New vacancies open up at Facebook in Dublin for Calibra

With the coronavirus spreading throughout the world at full force, 50 new Vacancies have been created for Facebook‘s Calibra in Dublin, Ireland.  This comes as the company is seemingly bucking...

Libra Evolves: multiple stablecoins will now scale under the project

Libra is going to be creating new more stablecoins till the end of 2020.  Only difference this time is that it will be done with government approval.  This new crypto...

Is Facebook giving bitcoin something to worry about?

Is bitcoin facing tough competition from Facebook's upcoming Libra stablecoin project?  According to the Economist, John Vaz the leading cryptocurrency needs to keep an eye out on this controversial project....

Former CFTC chairman: Facebook’s Libra coin could be a good reason to prioritise a digital dollar

Towards the end of last year, the former chairman of the CFTC wrote a piece for the Wall Street Journal got a lot of attention from many people in the...