Facebook: Novi Digital Wallet Is ‘Ready to Come to Market’

Novi’s David Marcus said Facebook deserves “a fair shot” at payments.

Tech  ·  18 August 2021

State of Crypto: Reflecting on Libra’s (Regulatory) Legacy

Facebook unveiled the Libra project a little over two years ago today. The original vision may have died but its legacy will live on.

Policy & regulation  ·  22 June 2021

Libra Co-Creator Still Has Regulatory ‘PTSD’ From Her Time at Facebook

To change global payment rails, "you probably need to be a cowboy if you're a startup," Morgen Beller said.

Policy & regulation  ·  26 May 2021

Diem Co-Creator Says Original Plan for Stablecoin Was ‘Naive’

Diem, the latest iteration of Facebook's ambitious Libra project, had to make multiple concessions to calm the regulators. Chief economist Christian Catalini explains the evolution.

News  ·  26 May 2021

Facebook-Backed Diem Partners With Silvergate Bank to Issue US Dollar Stablecoin

Diem is moving its "primary operations" from Switzerland to the U.S.

News  ·  12 May 2021

Circle Brings on Former Libra Vice Chair Dante Disparte in Potential Blow to Facebook Stablecoin Effort

Disparte will help Circle's global expansion efforts, CEO Jeremy Allaire wrote in a blog post.

News  ·  12 April 2021

Don’t Follow the Suits, Follow the Weirdos

The big wins in crypto are going to come from the punks, hippies and contrarians. In this very bullish season, don't be enraptured by the “grownups.”

People  ·  29 March 2021

BIS Researchers Grapple With Implications of Interoperable CBDCs

Central bank digital currencies would largely benefit countries if they work together to eliminate traditional banking frictions, a research note said.

News  ·  19 March 2021

Rebranded Libra Still a ‘Wolf in Sheep’s Clothing’: German Finance Minister

German Finance Minister Olaf Scholz took aim at the rebranded lDiem and said it would take more than cosmetic changes to smoothen regulatory concerns.

News  ·  7 December 2020

Spotify Looking for Associate Director to Lead Activity on Libra Project, Other Crypto Efforts

The world's largest audio streaming service is on the hunt for a new associate director to lead its activity within the libra stablecoin project.

News  ·  4 December 2020

Libra Rebrands to ‘Diem’ in Anticipation of 2021 Launch

The Libra Association is rebranding itself as Diem to distance itself from the original multi-currency stablecoin vision as it prepares for a possible 2021 launch.

Business  ·  1 December 2020

Libra Plans Dollar-Pegged Stablecoin Launch in January 2021: Report

Libra might eventually get off the ground as early as January albeit in a more limited format.

News  ·  27 November 2020

German Finance Minister Says He Does Not Support Private Cryptos: Report

Olaf Scholz said banks need to adapt for a digital world but seemed to rule out private digital currencies from that future.

News  ·  20 November 2020

From PayPal to Libra: Big Tech Has Forced Central Banks to Wake Up to CBDCs, Says Benoit Coeure

Libra was the final wake-up call for central banks that prompted serious consideration of digital currency issuances, according to the head of the BIS Innovation Hub.

News  ·  13 November 2020

FSB Recommends Stablecoin (Libra) Safeguards as G7 Continues Blockade

Finance officials never once named libra. But they didn't have to; the proposed stablecoin's shadow still looms large.

Policy & regulation  ·  13 October 2020