• Embattled Libra Association
    Cryptocurrencies,  Politics

    Embattled Libra Association’s radical overhaul

    With a rewritten white paper and a ‘watered-down’ concept, Facebook’s controversial Libra stablecoin project is hoping to succeed in wooing regulators the second time round

    After receiving a fierce and unequivocal pushback from regulators worldwide, an embattled Libra Association now plans to offer digitized versions of single currencies—paving the way for a Libra dollar (LibraUSD), Libra euro (LibraEUR), and Libra pound (LibraGBP) in addition to the Libra payment token (≋LBR).

  • Crypto funding shifting from US to China
    Cryptocurrencies

    Go East: Crypto funding shifting from US to China, report says

    In 2015, just 2% of cryptocurrency and blockchain deals were for Chinese companies. Fast forward four years to 2019, and the figure soared to 22%

    In it Blockchain Report 2020, CBInsights said 51% of deals in the industry were for US-based companies four years ago, while only 2% was earmarked for Chinese businesses. According to the latest figures, China’s share of deals is 22% in 2019, while America’s share dwindled to just 31%.

  • CBInsights funding crypto blockchain fell 30%
    Cryptocurrencies,  Technology

    Funding for crypto and blockchain projects fell 30% last year, report finds

    It isn’t all bad news, according to CBInsights. Projects haven’t dried up entirely, it’s just that each of them is receiving less financing on average

    The CBInsights’ Blockchain Report 2020 reveals that, despite the substantial decline in funding dollars, the number of deals backed by venture capital firms was relatively steady—falling just 2% year on year. To cut a long story short, projects haven’t dried up entirely… it’s just that each of them is receiving less financing on average.

  • Swedish krona
    Cryptocurrencies,  Technology

    Riksbank begins piloting a mobile app for the e-krona

    The central bank of Sweden is conducting a test with Accenture aimed at developing a technical proposal for digital cash

    Sweden is worried about the declining use of cash in the country, so it is looking into an alternative: a digital e-krona that will work on a mobile app and function similarly to cash.