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.
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.
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.
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.