The Libra Association has changed its name to the Diem Association to reinforce "its organisational independence" as the cryptocurrency could launch as early as January.
It seems as if the Libra Association has ramped up its efforts to get Libra off the launchpad. However, now the European Central Bank has published a research paper warning that stablecoins like Libra could badly impact the markets.
Facebook has changed the name of its digital cryptocurrency wallet Calibra to Novi.
Having lost some of its founding members when the public scrutiny got fierce, the Libra Association has now added Checkout.com to its membership as things seem to be moving faster for the cryptocurrency project.
It seems as if Facebook is still serious about getting the ball rolling with the cryptocurrency initiative Libra as the social media giant has announced plans to hire 50 people to work on its FinTech project.
After months of speculation, governmental hearings and partners abandoning the project, it seems as if the Facebook-led cryptocurrency Libra has taken a big step towards being recognised by regulators.
Could a digital euro be a better alternative to Libra? A leading group of German banks thinks so. The Association of German Banks (Bankenverband) made...
The dual CEO and co-founder of both Twitter and Square has made no secret to where he stands when it comes to the Facebook-backed cryptocurrency.
The Facebook-backed cryptocurrency project Libra names five people to its association board as another backer jumps ship.
Things are not looking stellar for Libra as several backers have pulled out of the cryptocurrency project as the regulatory pressure against it is mounting.
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