Facebook’s Libra cryptocurrency plan began to collapse over the course of a few hours on the evening of Friday, October 11. Like dominoes toppling, many of its major partners began pulling out...
Lucas Geiger said OpenLibra is going to hijack Libra, but in a "non-adversarial" way (Lane Rettig, via Twitter).OpenLibra plans fork to create Facebook-free version of Libra stablecoin
A group of blockchain developers threatened to split the Libra cryptocurrency’s blockchain and create a competitor free from corporate control
Facebook’s Libra stablecoin may be years from becoming a reality, but that didn’t stop a group of blockchain companies calling itself OpenLibra from announcing plans to fork the stablecoin. News of the preemptive split came at the Ethereum developer conference Devcon 5 in Osaka, Japan on October 9. Lucas Geiger, co-founder of blockchain infrastructure firm Wireline, described the OpenLibra project, as aimed squarely at the corporate control of Libra. Essentially, OpenLibra would be pegged to the Libra coin, a cryptocurrency which will be backed by a basket of fiat currencies to keep its price level. Using the tagline “lock the door open,” the newly launched OpenLibra website called itself an…
Facebook’s Libra frontman, Calibra wallet head David Marcus, finally has something to smile about. (Photo: Wikimedia Commons)PayPal quits Libra cryptocurrency project
We’re better off without you, the Libra Association’s head of policy said after PayPal withdrew from Facebook’s controversial stablecoin project
PayPal has formally withdrawn from the Libra Association, the payments company announced on October 4.
Not a photo of PayPal potentially leaving its partnership with Facebook's Libra. Instead, this is the PayPal float at the Dublin LGBTQ Pride Parade, June 29, 2019 (photo by William Murphy via Wiki commons).Libra Association won’t deny reports PayPal pulling out
Facebook’s crypto project partnerships show signs of buckling with increased government pressure
The Libra Association would not quite deny reports that digital payment service PayPal is withdrawing from the group, designed to oversee Facebook’s highly controversial, proposed cryptocurrency.