China has published a new book to educate government officials on digital currency and propose policy measures to deal with emerging challenges like Facebook’s Libra. The book, Discussing Digital Currency with Leading Officials, is part of a series that explores the political and economic consequences of technologies like cryptocurrency and artificial intelligence. The publisher, the […]
Facebook’s wallet subsidiary is getting a rebrand, according to an announcement from the company. Once Calibra, the wallet built for the Facebook-created stablecoin network Libra will now be called Novi. When it launches, users will be able to access the wallet via a standalone app in addition to Facebook Messenger and WhatsApp integrations. The parent […]
Libra is paving the way for a complete rework of the current financial structures to let anyone create their own digital currency, according to Raoul Pal, a well-know macro investor and the CEO of finance media platform Real Vision.
Update: The Information has issued an update, stating that Facebook will support both Libra and the new digital government currencies, with emphasis on the new tokens. Facebook is backing away from Libra, the cryptocurrency it proposed last summer, for the time being. Instead, the social media giant will develop several separate digital tokens, each pegged […]