• Facebook ditches Calibra name
    Cryptocurrencies,  Politics

    Facebook ditches Calibra name and renames crypto wallet ‘Novi’

    Facebook’s Libra frontman and Calibra CEO David Marcus says the change is designed to alleviate ‘confusion.’ Conveniently, it will also help distance Libra from Facebook, whose poor reputation is an anchor around the neck of the stablecoin

    First, the Libra Association underwent a radical overhaul in an attempt to make Facebook’s controversial stablecoin project more palatable to investors. Now, the embattled social network’s cryptocurrency wallet, Calibra, is getting a new name, too.

  • Bitcoin Pizza Day
    Bitcoin,  Commentary

    Bitcoin Pizza Day: 10 years on, $91M pies

    A booming bitcoin and the adoption of blockchain technology by multinational corporations, leading financial institutions, and even governments shows how far Satoshi Nakamoto’s dream has come

    It’s Friday, May 22, 2020, and two pizza pies cost $45.90 at Stromboli's, across from my apartment in New York City. But 10 years ago, in Florida, two pies from Papa John’s cost Laszlo Hanyecz about $41—or 10,000 bitcoins, which is how he paid. And how Bitcoin Pizza Day was born.

  • Celo mainnet launch
    Cryptocurrencies

    Celo mainnet launch paves way for nearly free cross-border payments

    The social impact-focused foundation driving the ecosystem says the launch enables its Celo Gold staking token Celo Gold to be sent and received

    After two-and-a-half years of development, the Celo Foundation has announced that its mainnet has officially launched. The proof-of-stake blockchain enables stablecoins to be sent to phone numbers instead of blockchain addresses.

  • Levey to lead Libra
    Cryptocurrencies,  People,  Politics

    Stuart Levey to lead Libra Association, comfort critics

    A top HSBC executive and Treasury Department official in charge of financial crimes and sanctions, a big part of the new CEO’s role is to reassure central bankers, regulators, and elected officials

    By hiring Stuart Levey the Facebook-founded Libra Association is announcing that compliance—with central bankers, financial regulators, tax authorities, and criminal and intelligence investigators—will be a prime driver as it moves forward.