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Facebook has been hit with threats of legal action over its plan to rebrand the Libra stablecoin project to ‘Diem’ from a finance application of the same name.Facebook announced its plan to rebrand Libra on Dec. 1, with the firm claiming the new name would help the revamped project distance
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The Russian cryptocurrency and blockchain association known as RAKIB warned the country’s central bank against making its future central bank digital currency too centralized. RAKIB sent a letter to Bank of Russia Chairwoman Elvira Nabiullina saying the potential design for the “digital ruble” favored by the regulator will return
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Ripple has invested over $50 million in remittance firm MoneyGram over the course of the firms’ working relationship. Forbes published an investigation detailing the byzantine corporate structure Binance may have created to avoid U.S. regulations. Ether grew as a share of Genesis Capital’s total loan book. Top shelfNo offensesInvestors who say
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How things have changed since spring of 2019, when Agustin Carstens, general manager of the Bank for International Settlements (BIS), was issuing his latest warning over the need for caution when considering central bank digital currencies (CBDC).Now, according to Chinese news source The Paper, the very same institution – dubbed
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Mt. Gox's rehabilitation plan deadline of Oct. 15 has been extended yet again this time to December. Source
Read MoreThe trustee of the now-defunct Japanese cryptocurrency exchange Mt. Gox has obtained another approval to extend the deadline for submitting a rehabilitation plan.Following a motion by Mt. Gox rehabilitation trustee Nobuaki Kobayashi, the Tokyo District Court issued another order to extend the deadline until Dec. 15, 2020, according to an
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An antitrust report involving Facebook could be released this month.Mark Zuckerberg has vowed to fight tooth and nail to prevent a breakup of the company he founded.The threats haven’t stop Facebook from integrating its family of apps even further, though.Facebook is ready to fight any attempt to break it up.The
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Airbus CEO Guillaume Faury has disclosed that the company may pursue job cuts. AIR stock is down today, trading at around 63 EUR.Netherlands -ased aircraft manufacturer Airbus SE (EPA: AIR) has lost about 2% of its stock value as the company reiterated through its Chief Executive Officer Guillaume Faury that
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Three Iranian power plants with enough output to supply half of New York City will begin selling some surplus power to crypto miners. Source
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Hedge fund manager Arca is stepping up its campaign to overhaul Gnosis, claiming the decentralized exchange and prediction market platform has deviated from its original mission. The post describes Gnosis’ $12.5 million 2017 token sale (which valued the project at $300 million) as an “interest-free loan.” After borrowing the money, the
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