• Libra hires Robert Werner
    Alt coins,  People

    Libra Association hires another exec with financial enforcement experience

    Robert Werner, a former director of the Financial Crimes Enforcement Network, will become the stablecoin governing body’s general counsel

    Robert Werner "brings a wealth of regulatory, financial crime compliance and enforcement experience from his work in both the public and private sectors,” the Libra Association said on May 19.

  • 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).

  • Screenshot of Craig Wright speaking with Modern Consensus contributor Brendan J. Sullivan, September 11, 2019.
    Bitcoin,  People

    Judge orders yet another of Craig Wright’s Tulip Trusts opened

    Tulip Trust III will be unsealed in $10 billion bitcoin case, and may or may not hold the keys to a fortune

    The Tulip Trust III is the latest in a series of trusts revealed by Craig Wright, who claims to be Bitcoin creator Satoshi Nakamoto. Wright claims the trusts hold the private keys to a cache of 1.1 million bitcoins Nakamoto mined at the beginning of the original blockchain. The vast majority of the cryptocurrency community believes he is lying.

  • Shopify helps Facebook’s Libra frontman David Marcus
    Libra

    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    PayPal has formally withdrawn from the Libra Association, the payments company announced on October 4.