Libra


Finance

Libra Wanted a Currency, All We Need Are DeFi's Open Payment Rails

Rather than build an alternative currency like Libra, Facebook should concentrate on building new infrastructure, like the open systems in the ethereum-DeFi space, says ConsenSys's Lex Sokolin.

Via ConsenSys Codefi

Markets

Libra Plus? A New Global Digital Currency Strategy for Facebook

India’s Supreme Court overturns a crypto banking ban while Facebook prepares fiat-pegged digital currencies alongside Libra.

Breakdown3.4

Policy

BIS Paper Reckons With P2P Payments, Tokenized Securities, Central Bank Digital Currencies

Researchers at the Bank for International Settlements say the future of payments may be peer to peer, but a number of considerations must be satisfied before distributed ledger-based systems can go mainstream.

“The most transformative option for improving payments is a peer-to-peer arrangement that links payers and payees directly and minimizes the number of intermediaries,” said BIS chief Agustin Carstens (center). (Image: Wikimedia)

Policy

'Crucial' for Central Banks to Consider Digital Currencies: Bank of England Exec

Governments need to research digital currencies so they can strike a balance with private issuers, said the BoE's chief cashier.

Bank of England

Markets

E-Commerce Giant Shopify Joins Libra Association

Shopify is the first major company to join the consortium behind the Libra digital currency since a string of big-name payments brands dropped out.

Decred's Akin Sawyerr (center) speaks on a CES panel with Libra Association Vice Chair Dante Disparte (right), photo by Brady Dale for CoinDesk

Policy

EU Official: We Can't Regulate Libra Without More Details

The European Union is still trying to figure out what to do about Libra, according to a new memo.

Despite sending the Libra Association multiple questionnaires, the EU doesn't have enough information yet to proceed, says EC Executive Vice-President Valdis Dombrovskis. (Image via Alexandros Michailidis/Shutterstock)

Tech

Why Bison Trails Is Staying the Course on Libra

"When we joined the Libra Association, it wasn't like, 'Oh, hey, Facebook is doing something let's join.' It's really about the difference we're making in the world," said Bison Trails' Viktor Bunin.

Bison Trails' Viktor Bunin speaks with CoinDesk's John Biggs at ETHDenver. (Image via CoinDesk video)

Policy

Could a Digital Dollar Compete on Privacy? Fed Chairman Powell Hints It Might

Fed Chairman Powell has given financial privacy advocates a glimmer of hope – and hinted at how the U.S. might competitively position a digitized dollar.

Jerome Powell

Finance

Libra Minus Facebook: Why Celo Is 2020's Buzzy Token Project

With $30 million from Polychain and a16z, here's how the buzzy Celo plans to rival Libra on financial inclusion.

cLabs staffers at a quarterly offsite in San Francisco. (Courtesy photo)