The Libra Association has picked James Emmett to be the Managing Director of Libra Networks LLC, overseeing the development and operation of the Libra payment system. He formerly worked at HSBC.
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Facebook has announced that its Calibra Libra wallet is now going to be known as Novi which was inspired by the Latin word for new. The wallet will arrive in several countries before a wider launch.
Facebook now appears to be altering course with its Libra cryptocurrency. Reports suggest that it will act as a digital version of existing currencies such as the dollar and the euro.
Vodafone has announced its withdrawal from the Libra Association, the body responsible for Facebook's Libra cryptocurrency. The association said that the project will be resilient despite its backers.
The head of the Libra project at Facebook has announced that the cryptocurrency could be made up of national stablecoins instead of being a synthetic currency as it tackles regulatory issues.
The G7 has drafted a new report that will be presented to finance ministers this week during a meeting. It looks at the dangers of stablecoins, like Libra, and highlights what needs to be addressed.
The Libra Association has lost its backing from Mastercard, Visa, eBay, and Stripe. Facebook said it was a short term blow, but in a way, liberating. The firms could return once regulation is sorted.
PayPal has announced that it has withdrawn itself from the Libra Association, the governing body of the Libra cryptocurrency started by Facebook. The news follows speculation that the firm had doubts.
Facebook's Libra cryptocurrency could see delays after insiders revealed that Visa, Mastercard, Stripe, and PayPal all have doubts over the proposed cryptocurrency due to the scrutiny it's under.
French finance minister, Bruno La Maire, has re-iterated that the EU needs to regulate cryptocurrencies after Facebook announced Libra. He also said the EU should develop a cryptocurrency.
Facebook's Libra plans have again come under fire, this time by the ECB's Yves Mersch, who said that the eurozone should not be wooed by the "treacherous promises of Facebook's siren call."
The Financial Conduct Authority in the UK has stated that it doesn't believe that some cryptocurrencies including bitcoin don't need to be regulated. It also claimed they have no intrinsic value.
According to a survey conducted by Viber in the US and UK, less than three percent of users would use the Libra crypto currency when it launches next year, and half those asked don't trust Facebook.
G7 finance ministers have cast doubt on Facebook's Libra cryptocurrency, saying that it'll have to be regulated, similar to other currencies, in order to prevent criminal activity.
Several of Japan's financial institutions have come together to discuss the ramifications of Facebook's upcoming Libra cryptocurrency. The group is set to develop policies to manage Libra's impact.
China's central bank has been spurred on to develop a cryptocurrency following the news of Facebook's Libra 2020 launch. It said it's concerned about the influence the dollar will have on Libra.
Facebook has announced a new cryptocurrency, dubbed Libra, and the crypto wallet, Calibra. The products are intended to launch in 2020 and will allow for low-cost or free transactions.
A new leak has revealed that Microsoft's rumored $400 Surface tablet could be launching this Friday. This is the latest in a growing number of leaks regarding the device in recent days.
The latest bit of information regarding Microsoft's return to the entry level of the market gives us a better look at the processor's performance, putting it close to Apple's 2017 MacBook.
According to a new report, Microsoft's upcoming inexpensive Surface tablets will use Intel's Pentium processors, rather than the previously rumored Core Y-series processors. It should launch soon.
The company's lower-cost model of the Surface lineup, aimed at students and emerging markets, has seemingly been confirmed after the discovery of FCC documents most likely pertaining to it.
Thanks to E3 week, there's been a lot of news from Microsoft. From first- to third-party game showcases to hints of the next Xbox and much more. Be sure to catch up via the handy guide below.
A new report lays out the roadmap for Microsoft's hardware lineup, showing the device codenames, as well as the likely release dates for Andromeda, the new Surface tablet, and more.
