• Libra

    Blockchain Capital joins Libra Association

    Leading VC joins the would-be stablecoin creator, adding a badly needed boost after a summer of rebuilding

    Saying the firm believes “deeply in the mission of creating a more equitable payment system,” Blockchain Capital Co-founder and Managing Partner Bart Stephens added that using “blockchain technology to improve financial access and promote innovation has been at the core of Blockchain Capital’s portfolio strategy.”

  • Ex-Reserve Bank of India governor Libra
    Bitcoin,  Libra,  Politics,  Regulation

    Ex-Reserve Bank of India governor: Bitcoin, Libra and central bank digital currencies can co-exist

    Raghuram Rajan, the former RBI governor, says competition between private and public initiatives is crucial to prevent one asset becoming too powerful

    A former governor of the Reserve Bank of India has said that he believes private digital currencies such as Facebook’s Libra should be allowed to compete with central bank digital currencies—and warned it would be “problematic” if any single asset establishes a monopoly.

  • Vodafone says Africa is calling. Gonna focus on M-Pesa instead of Libra. (via iStock)
    Cryptocurrencies,  Libra

    Vodafone quits Libra Association

    The British telecom giant has become the eighth big company to withdraw from Facebook’s troubled cryptocurrency project

    Vodafone has withdrawn from the Libra Association, the independent governing council for Facebook’s global cryptocurrency project. The British telecom giant said that it wants to switch gears and put the resources it originally intended for Libra into its African mobile money transfer service M-Pesa. 

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