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Another Facebook Digital Currency Diem Co-Founder Leaves Project

Kevin Weil, a Facebook executive and a leader of Diem, the company’s digital currency initiative, announced he was leaving the project. The announcement seems to be another hindrance for Facebook’s crypto project, which the company has had postponed due to regulatory concerns. Weil one of the co-founders of the digital currency project Diem that was… Read More

Spotify Job Offer Insinuates Company Will Begin Accepting Cryptocurrencies

A job offer for Spotify seems to indicate that the company may start accepting cryptocurrencies including stablecoins and Libra (Diem.) The job posting published on jobs.lever.co, a well-known site that companies use for hiring posted an offer looking for an Associate Director in its Payments division specifically for Strategy and Innovation as well as Strategy… Read More

Facebook’s Libra To Launch January Of Next Year 2021

Libra, is finally getting its global release set for January 2021, as a stablecoin. According to a report by the Financial Times on Friday, Libra may launch a single dollar-pegged stablecoin next year, according to “three people involved in the initiative.” The Geneva-based Libra Association which has 27 members including Facebook will issue and govern libra…. Read More

President Of European Central Bank Christine Lagarde Says They Will Reach Decision On CBDCs In 2021

The president of the European Central Bank, Christine Lagarde, stated that the bank would potentially reach a decision on releasing a digital euro early next year. In a virtual policy panel held on Nov. 12th, Lagarde stated that the European Central Bank (ECB) was not “racing to be first” to release a central bank digital… Read More

“Fed Open To Private Sector Collaboration In Possible Digital Dollar” Jerome Powell

The chairman of the Federal Reserve, Jerome Powell has proclaimed the Fed is open to collaboration with private companies in creating a possible digital dollar, Yahoo News reported. “We will have lots of conversations with industry and stakeholder engagement, and that’ll help us in our work on digital currencies and cross-border payments,” Powell said in… Read More

Blockchain Capital Joined Libra – Still Not a Compelling Platform

Recently, Blockchain Capital, a San Francisco-based investment and venture capital firm became the latest member of Libra Association, which is working on a new kind of digital currency and payments platform. Blockchain Capital officially became the twenty eighth member of the Libra Association. After several financial payment service giants such as PayPal, MasterCard, Visa left… Read More

Possible Facebook Anti-Trust Case Demonstrates Private Digital Currency Paradox

Facebook is looking at a potential anti-trust investigation by the US Federal Trade Commission – and its stock isn’t loving the attention. This is a long time coming – and it is long overdue. With the success that Facebook has seen over the last decade, the company has been able to expand into many areas that… Read More

EU Regulators Want to Control Crypto Markets – Insanity Abounds!!!

The European Commission wants to have a lot more control over crypto. Documents that were leaked recently show that the EC is looking for ways to have more influence over the token markets, which likely isn’t going to be possible at the level it wishes. Much in the same way that numerous parts of the… Read More

Top Indian Central Banker See NO Future for Digital Money Monopoly

A monopoly architecture shouldn’t be included in the future strategy of both private digital currencies and central bank digital currencies, according to Raghuram Rajan, a former governor of the IMF. In a recent statement Rajan, who is also a former chief of the Reserve Bank of India (RBI) said that private cryptocurrencies such as Facebook’s… Read More

Binance Research Suggests Payment Sector May be Rattled by Facebook’s Libra

According to Binance Research, Facebook’s Libra project could change the face of the payments sector. It found that this new technology after conducting deep dive into the proposed payments platform. Binance Research recently commented on Libra’s most current whitepaper, which is a lengthy report. Part of Binance Research is claiming Facebook’s proposed asset could significantly… Read More

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