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The Singapore-based Oak Grove Ventures’ team includes some notable figures including Sally Wang, formerly of Sino Global Capital (now Ryze Labs), Ethan Wang, former tech lead of Libra, Shawn Shi, co-founder of Alchemy Pay, as well as Michael Li, a former VP of Coinbase. Source
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But in the grand scheme of things, PayPal’s project is in a far stronger position politically than the universally mistrusted Libra ever was. Republicans are thrilled that the payments company launched its stablecoin, known as PYUSD, at this moment. The bill’s sponsor, Rep. Patrick McHenry (R-N.C.), chairman of the House
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It’s also unclear exactly how “portable” Threads user data will be in practical terms. Critics have often described Mastodon, another platform that uses the ActivityPub protocol, as extremely clunky and non-intuitive, with moving from one server to another a particular challenge. It would be in Meta’s hands, it seems, to
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Facebook’s ambitious 2019 stablecoin project never went live. But it sure left a lasting impression. This feature is part of our CryptoX Turns 10 series looking at the biggest stories in crypto history. Source
Read MoreBinance Research dove into Libra's most recent whitepaper, surfacing with a lenghty report, in part claiming Facebook's proposed asset could significantly alter the payments world."Libra’s envisioned global payment system could do to the payment industry what SpaceX did to the space industry: shake the foundations of a well-established sector with
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