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Facebook Releases Cryptocurrency White Paper for Libra Currency

Social media giant Facebook has released the white paper for its long-awaited cryptocurrency and blockchain-based financial infrastructure project today, June 18.According to the paper, Facebook’s global stablecoin is dubbed “Libra,” will operate on the native and scalable “Libra” blockchain, and be backed by a reserve of assets ostensibly “designed

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World’s Biggest Banks Splash $63 million on a Blockchain Digital Currency

By CCN: Some of the world’s biggest banks are partnering with London-based Fnality International to create a blockchain digital currency for faster cross-border transfers.These banks from Japan, Europe, and the United States are hoping that issuing a utility settlement coin (USC) will lower transaction costs of cross-border payments by cutting

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Crypto Dad Confirms Facebook Talks Over GlobalCoin Digital Currency

By CCN: Facebook’s plans to launch the GlobalCoin cryptocurrency are moving full-steam ahead. According to the Financial Times, the social media giant has already initiated talks with the Commodity Futures Trading Commission (CFTC).The outgoing chairman of the CFTC, Chris Giancarlo, told the publication that the derivatives regulator and Facebook were

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Bahamas Central Bank Enters Agreement to Deliver First National Digital Currency by 2020

The Central Bank of the Bahamas (CBOB) will enter an official agreement for development of a digital fiat currency system on May 30, local news agency the Nassau Guardian reports on May 29.Tomorrow, the CBOB will sign an official agreement with transaction provider NZIA.io in order to build and

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European Bank Official Discusses Potential Benefits of Central Bank Digital Currency

A European Central Bank (ECB) official highlighted the benefits of central bank digital currencies (CBDC) while stressing caution in a speech published by the Bank of International Settlements on May 27.Vitas Vasiliauskas — Chairman of the Board of the Bank of Lithuania and a member of the Governing Council

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