Chinese Communist Party's new blockchain book casts Libra as a threat to its currency system

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 […]
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May 28, 2020, 8:31PM UTC

Calibra, Facebook's digital wallet subsidiary, has rebranded as Novi

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 […]
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May 26, 2020, 2:58PM UTC

Facebook will support new tokens pegged to individual government-issued currencies - report

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 […]
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Mar 3, 2020, 10:35PM UTC