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Congresswoman Maxine Waters raised concerns over Meta’s recent trademark filings related to crypto, seeking clarification on the company’s plans in web3. Rep. Maxine Waters (D-Calif.) sent a letter to Meta executives, seeking answers about Meta’s apparent intention to expand its…
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Libra co-creator David Marcus says Bitcoin’s alternatives are too centralized and not secure enough. Lightspark CEO David Marcus is apparently a big fan of Bitcoin (BTC), as he believes that the cryptocurrency made by Satoshi Nakamoto is the only “viable…
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A new venture capital fund called Oak Grove Ventures has launched with $60 million to invest in the intersection of web3, artificial intelligence, and biotech. According to a Sept. 19 Coindesk report, Oak Grove’s team includes Sally Wang, formerly of…
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Switzerland-based Diem Association could reportedly launch its stablecoin pilot in 2021. However, the proposed pilot would be on a small-scale. Diem’s Dollar-Pegged Stablecoin Pilot Could Begin in 2021 According to CNBC on Tuesday (April 20, 2021), an anonymous source revealed…
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The European Central Bank (ECB) has requested EU lawmakers to confer bank control over the issuance of stablecoins within the region. Reuters reported today that the ECB, via a legal memo issued on February 19, requested exclusive rights to determine…
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The Facebook and Coinbase-backed stablecoin, Diem–formerly Libra, has settled over 52 million transactions, on-chain test network results on Jan 28 reveals. Diem Test Network Results, Low TPS Findings reveal that 221k unique addresses had interacted with Diem. Out of this,…
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The financial working group of the US government has indicated that Stablecoins must meet certain regulatory standards to be accepted in the country. This comes after the controversial stablecoin bill that has been proposed by US lawmaker Talib Rashid. More…
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The Libra Consortium has made new updates to the white paper detailing amendments to the original premise, which include the introduction of a number of stablecoins pegged to different fiat currencies as against its initial model, among other changes, in…
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An effort to provide credit and facilitate payments for humanitarian aid has found the backing of large institutions such as a16z, Bison Trails, and Anchorage. Bloomberg reports that this may be a contingency plan if Libra goes awry, but the two initiatives…
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Facebook and the Libra Association are making plans to redesign project Libra in a bid to scale the ending regulatory hurdles that have plagued the global crypto project. Sources say the proposed Libra network may function as a payments network,…
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Crypto brokerage company, Tagomi, will soon become a member of Facebook’s Libra Association. With most of the initial backers gone, the addition is a welcome development for the Libra Consortium. Another Member Joins the Libra Pack According to a…
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Sarah John, chief cashier of the Bank of England (BoE) says governments should seriously consider creating central bank digital currencies (CBDC) as a countermeasure to private crypto projects. Central Banks Need to Dominate Digital Currency Space Speaking to the Telegraph,…
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E-commerce giant, Shopify, has become the newest member of the Libra Association, following the departure of some members. While this may be a win for Facebook’s Libra Association, the status of the Libra stablecoin remains cloudy. Libra Association has a…
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With China reportedly speeding up the development of its national currency, the digital yuan, some researchers and government officials have called on the Chinese government to exercise caution. While Facebook’s Libra might be a threat, there are suggestions that the…
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The Saga Foundation, a Swiss non-profit created last year dedicated to developing new technologies in open and decentralized software, is launching a new virtual currency called Saga (SGA). The token is connected to the International Monetary Fund’s (IMF’s) cash reserve…
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Japan may be the latest country whose central bank is looking to launch a sovereign digital currency. However, authorities in the country say there is no rush towards creating a digital Yen even as the CBDC wars appears to be…
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