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Facebook’s Libra Could Reportedly Arrive in January 2021 in a Scaled-Down Version

Although Facebook failed to launch Libra in mid-2020 as initially planned, the social media giant could do so in early 2021.Finance Times cited three people working on the project claiming that Libra’s long-awaited launch could come in January 2021 but in a scaled-down version.CryptoPotato reported before that Libra already changed its original idea from being a “single global digital currency” to creating a series of various digital coins. The FT coverage asserted that Libra could see the...

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Libra Association Appoints Its Second Chief Legal Officer In Three Months

The Libra Association, the entity behind Facebook’s future Libra cryptocurrency, has appointed its second general counsel in three months. Previously acting as the general counsel at the Homeland Security Department, Stevan Bunnell has replaced Robert Werner as the new Chief Legal Officer.Libra Appoints A New CLOAccording to the Bloomberg Law report, Robert Werner, hired by Libra to serve as its first-ever general counsel in May, confirmed the news that Bunnell has taken over his job. Werner...

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Facebook Rebrands Its Calibra Wallet: It’s Now Known as Novi

Facebook continues with the reforms to its future cryptocurrency project as Libra’s wallet provider Calibra has been rebranded to Novi. Despite the name change, though, the subsidiary of Facebook will not revise any of its long-term commitments and goals.Calibra Becomes NoviFacebook introduced today the new name Novi, inspired by the Latin words “novus” for “new” and “via” for “way.” David Marcus, co-creator and board member of Libra, said the name change was necessary because “there was more...

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$219 Billion Singaporean State-Owned Investment Firm Temasek Joins Libra Association 

Less than a month after redesigning its cryptocurrency project, Facebook’s Libra has received a significant boost. According to Friday reports, Singapore’s government-owned investment company, and two other companies have become the latest members of the Libra Association.Temasek Offers A Differentiated PositionThe two other companies that joined the association today include crypto-asset investment firm Paradigm, and Slow Ventures, a San Francisco-based venture capital and private equity...

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Libra Association: HSBC-Banker wird CEO

Libra Association Es geht nun doch endlich was mit der von Facebook gegründeten Libra Association. Gemäss einer Medienmitteilung von gestern Mittwoch wird ein hoher HSBC-Banker CEO der Libra Association. Und es ist wahrscheinlich auch kein Zufall, dass Stuart Levey, der neue CEO der Libra Association einen juristischen Background hat. Denn die Libra Association kämpft mit...

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The Road To Mass Adoption: Facebook’s Libra Change Of Plans As China’s Cryptocurrency Begins Its Trial Program

Facebook’s future cryptocurrency project scaled back this week. At the same time, local Chinese reports indicate the country is advancing notably on its CBDC. Summarized information from this past week alone suggests the nation could be pushing the digital currency release as a response to Libra’s change of plans. Libra’s Less Ambitious Plans Facebook shook the world last year, announcing a “single global digital currency” dubbed Libra. Per Mark Zuckerberg, CEO of the social media giant,...

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Facebook’s Libra Rival Celo Launches 50-Member Alliance for Prosperity

Celo has announced an Alliance for Prosperity with 50 members as it moves forward with its payment plan in competition with Facebook’s Libra.Since Facebook Inc (NASDAQ: FB) announced the Libra project, its future has been very shaky. There has been so much backlash from the public and also from the government that many people concluded that it might never see the light of day. However, as Libra is fighting to stay alive, the Celo project is competing quite favorably and has taken a page out...

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Change Of Plans? Facebook’s Libra To Host Multiple Central Banks’ Digital Currencies

The pressure from the regulator on Facebook’s potential cryptocurrency project Libra has pushed the social media giant to alternate its plans. A recent report indicated that Facebook and its Libra partners are considering redesigning the acceptance of multiple currencies once the project is launched.New Plans For LibraWhen announced in June 2019, Libra attracted a massive world’s attention. As Facebook is one of the most recognizable brands over the past decade, planning to create its...

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Tagomi Joins Facebook’s Libra Association and Becomes Its 22nd Member

Joining the Libra Association, Tagomi will contribute at least $10 million to spend on the developing cryptocurrency. It will also support Libra, providing the necessary technical and policy assistance.Crypto prime brokerage Tagomi joins Facebook‘s Libra Association. The company will be the 22nd member of the Association and the second to join since the group’s formal foundation in October 2019. Tagomi President Marc Bhargava has already confirmed the news. But the formal announcement from...

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Canadian E-Commerce Giant Shopify Joins Facebook’s Libra Association

Facebook’s potential upcoming global cryptocurrency project, Libra, has received positive news from Shopify. The Canadian multinational e-commerce giant announced today that it would join the Libra association to create a safe and accessible payment network.Shopify To Cooperate With LibraAlmost immediately after its announcement in mid-2019, Libra became a target of regulators across the world. While they were clamping down, Facebook’s cryptocurrency project quickly lost steam. Even though...

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