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Facebook Libra’s Five-Member Council Elected as More Members Withdraw

Facebook’s cryptocurrency project, Libra, has announced the selection of a five-member board on Monday. The company has dismissed the recent turmoil over several prominent members leaving, the latest one being an online travel company called Booking Holdings.The head of policy and communications representing the Libra Association, Dante Disparte, says that

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Facebook Officially Launches Libra Despite High-Profile Departures

Libra, the highly-scrutinized planned cryptocurrency led by Facebook (NASDAQ:FB), officially launched in Geneva yesterday despite several high-profile defections from the project last week. Libra Launches With 21 Chartered Members The Libra Association, the non-profit governing body of the digital currency, officially signed on 21 charter members at a meeting at its Swiss

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The OpenLibra Initiative: Creating Permissionless Version of Facebook Libra

Lucas Geiger, the co-founder of blockchain startup called Wireline, announced that companies and organizations can create their own versions of crypto projects based on Facebook’s cryptocurrency Libra, called OpenLibra.The announcement was made at the Ethereum developer conference Devcon where Geiger claimed that OpenLibra would work as a stablecoin to the

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Ripple Senior Executive: Facebook Libra Crypto Project Is a Walled Garden

In a recent CNBC interview, Ripple’s senior vice president of customer success Marcus Treacher has described Facebook’s Libra crypto project as a “walled garden,” meaning a closed system.He also added that in contrast with Facebook Libra, Ripple (XRP)trade is no walled garden; however, the social media giant’s entry into the

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Facebook COO Sandberg in Talks to Testify On Libra Before The House

Facebook’s chief operating officer Sheryl Sandberg is in talks with the House Financial Services Committee to testify on Libra, Facebook’s stablecoin.Discussions on market power and LibraAccording to a Bloomberg article from Sept. 26, Facebook is currently trying to get its chief operating officer Sandberg in front of the House

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European Central Bank’s Board Member Explains Why Facebook Libra Is Feared

While addressing the committee on Digital Agenda of the Deutscher Bundestag, the chairman of the Committee on Payments and Markets Infrastructures (CPMI) and the European Central Bank (ECB) board member, Benoit Coeure, took the time to give an in-depth explanation on the challenges facing our age-long financial market, how digital

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Facebook Buys Israeli AI Chatbot Company Servicefriend for Calibra Crypto Wallet

Facebook has recently completed the acquisition of Servicefriend, an Israeli startup that develops AI-based chatbots. Facebook is planning to use the company’s services for Calibra customer services, a digital wallet that Facebook is developing along with its native cryptocurrency Libra.Facebook is planning to launch Libra, a stablecoin developed for peer

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IBM Is Open to Working with Facebook in Developing the Libra Cryptocurrency

International Business Machines (IBM), one of the largest international IT companies worldwide, stated on Monday that it is looking forward to collaborating with Facebook and working on its cryptocurrency Libra.IBM’s general manager of blockchain and crypto services, Jason Kelley, said in an interview that the company encourages cooperation between companies

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