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Facebook to Reportedly Roll Out Libra Dollar-Backed Stablecoin in January 2021

November 27, 2020 by Anthonia Isichei at Altcoins

Facebook's long-awaited Libra might just see the light of day following reports that the first dollar-backed stablecoin could launch in January 2021. However, the launch date would be determined by an approval from the Swiss financial regulator. A Downgraded Libra Stablecoin to Launch in Early Q1 2021 According to the...

Facebook’s Digital Wallet Calibra Gets a New Name Change

May 27, 2020 by Anthonia Isichei at Regulation

Libra digital wallet and Facebook subsidiary Calibra has been rebranded to Novi. Although now known by a new name, the digital wallet still maintains its goal of making financial services accessible to more people globally. From Calibra to Novi The news of the rebranding was made by social media giant...

Libra Association Waters Down Libra’s Core Model to Address Regulatory Concerns

April 17, 2020 by Anthonia Isichei at News

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 response to concerns expressed by regulatory bodies. Regulatory Pressure Causes...

Tagomi‌ ‌Set‌ ‌to‌ ‌Join‌ ‌Facebook’s‌ ‌Libra‌ ‌Association‌ ‌

February 27, 2020 by Anthonia Isichei at Altcoins

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 ‌report‌ ‌on‌ ‌‌TechCrunch‌‌ ‌on‌ ‌Thursday,‌ ‌February‌ ‌26,‌ ‌2020,‌ ‌Tagomi‌ ‌is‌...

Shopify Becomes Latest Member of Facebook Libra Association

February 21, 2020 by Anthonia Isichei at Altcoins

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 New Entrant Shopify took to its blog on Friday, February...

Libra Cryptocurrency Backers Officially Sign Charter

October 15, 2019 by Anthonia Isichei at Altcoins

Following the departure of some early backers from the Libra Association, a slew of organizations have indicated interest in becoming a part of the Libra crypto project. Apart from new companies showing interest in Facebook’s virtual currency project, the Libra Association made new appointments according to a report from TechCrunch. ...

IBM and Facebook puzzle pieces joining blue

IBM Considers Joining the Libra Association

September 24, 2019 by Ogwu Osaemezu Emmanuel at Altcoins

IBM, a formidable force in the distributed ledger technology (DLT) space has made it clear that its open to collaborating with Facebook to make the social media giant’s Libra cryptocurrency project a huge success, reports CNBC on September 23, 2019. IBM Open to Working with Libra Consortium Tech and blockchain...

Guys looking at Libra on whiteboard perplexed

Data Privacy Regulators Request More Information on Libra Cryptocurrency

August 7, 2019 by Anthonia Isichei at Regulation

Data protection regulatory agencies from around the world have joined the growing list of those who wish to examine and investigate Facebook’s cryptocurrency project. According to a joint press release on August 6, 2019, the information provided by Facebook isn’t transparent enough and request that the company provide robust information...

Monex Group Interested in Joining Facebook’s Libra Consortium

July 27, 2019 by Ogwu Osaemezu Emmanuel at Business

Oki Matsumoto, President of Monex Group, a Japan-based financial services company backing the Coincheck cryptocurrency exchange, is interested in participating in Facebook's Libra cryptocurrency project and has submitted an application to that effect, according to a Reuters Japan report on July 26, 2019. Monex Group's Application to Join Libra Project...

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