It’s Not Time to Write Libra’s Crypto Obituary Just Yet

To paraphrase Mark Twain, rumors of the nation-state’s demise are greatly exaggerated. The exits of Mastercard, Visa, Paypal and four other firms from the Libra consortium came after France and Germany moved to block the global “stablecoin” cryptocurrency project and after U.S. lawmakers delivered stern warnings to Libra members. This was more than a major […]

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Swiss Regulator FINMA Won’t Impede Libra’s Development

As European watchdogs send troubling signals towards the Facebook-led Libra cryptocurrency, Switzerland remains willing to listen. According to a Reuters report on Tuesday, Mark Branson, CEO of the Swiss Financial Market Supervisory Authority (FINMA), said, “We are not here to make such projects impossible.” “We will respond to them with an open mind, with an attitude that […]

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WATCH: Lukka CEO Believes in a Future Full of Corporate Tokens

Jake Benson is a long-time industry entrepreneur and the CEO and Founder of Lukka, a comprehensive tool for calculating capital gains taxes for cryptocurrency. In this clip he and CoinDesk Editor Pete Rizzo talk about a future where corporate tokens aren’t a “surprise.” “It’s not a surprise to me that inevitably corporations they’re going after […]

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US Might Have Already Lost Crypto Innovation Race

As U.S. lawmakers wrestle with what to do with Facebook’s Libra, they are being forced to confront another digital currency that they’ve been trying to avoid like the plague – bitcoin. Unfortunately, the longer lawmakers wait, the more left behind the U.S. becomes as crypto innovation goes elsewhere. Even Facebook chose Switzerland for its Libra […]

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Germany’s Finance Chief Joins Slew of Financial Leaders Scoffing at Libra

Germany joined the chorus of countries offering stiff resistance to Libra, Facebook’s new digital coin. German Finance Minister, Olaf Scholz, expressed concerns about the coin’s consumer privacy issues and potential for disruption. Reuter’s released a report which quoted him saying,  “The issuance of a currency does not belong in the hands of a private company […]

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Facebook’s Libra Triggers US & UK Alarms; Will Bitcoin Take a Beating?

On CNBC’s Squawk Box, Philip Hammond, the Chancellor of the Exchequer and a senior official within the government of the U.K., said that Libra, a crypto asset developed by a consortium of companies including Facebook, poses a risk to the global financial system. Hammond’s caution towards Libra comes after U.S. President Donald Trump and France’s […]

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US President Donald Trump Says He’s ‘Not a Fan’ of Bitcoin

Donald J. Trump tweeted Thursday that he is “not a fan” of cryptocurrencies, saying they were “not money” and referencing their price volatility relative to the dollar in his first public comments on crypto since becoming president of the United States. Trump also criticized Facebook’s Libra cryptocurrency project in subsequent tweets, saying it “will have little […]

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Facebook’s Libra Lacks Foundational Components for Crypto Key Security

Steven Sprague is one of the principal industry evangelists for the application of trusted computing technology. Steven served as president and CEO of Wave Systems Corp. for 14 years before transitioning to the board of directors. Recently, Facebook launched Libra with the stated goal of “transforming the global economy.” It’s a lofty aim. However, after […]

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Libra Isn’t a Cryptocurrency. It’s a Glimpse of a New Asset Class

Noelle Acheson is a veteran of company analysis and a member of CoinDesk’s product team. The opinions expressed in this article are the author’s own. The following article originally appeared in Institutional Crypto by CoinDesk, a free newsletter for institutional investors interested in cryptoassets, with news and views on crypto infrastructure delivered every Tuesday. Sign up […]

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ZenGo Introduces Non-Custodial, Keyless Competitor to Calibra Wallet

When David Marcus said that he expected many Libra-supporting wallets to come to market to compete with Calibra, perhaps he wasn’t expecting such a quick response. The developers at ZenGo, an Israeli startup that recently released a keyless, non-custodial retail wallet, just published open source code for Libra’s first non-custodial wallet, just two weeks after […]

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