Facebook Libra


Policy

Does the Metaverse Need a Free Trade Agreement?

It’s seeking to be the centerpiece of Web 3, but a successful metaverse could run headfirst into some old-style protectionist barriers like work permits and data blocks, trade policy expert Sam Lowe tells us.

Starrynift plans to launch its Starryverse multiverse later in May. (japatino/Getty Images)

Finance

Team Bringing Diem Blockchain to Life Confirms $200M Raise, Says Coinbase and More Are Building on Devnet

Aptos announced the funding round Tuesday and said major crypto brands were already contributing code.

(Shutterstock, modified by CoinDesk)

Finance

Silvergate's Acquisition of Diem's Assets Positive for Stablecoin Launch, Analysts Say

The crypto-focused bank plans to launch a stablecoin by the end of the year.

Silvergate bank

Tech

Facebook Steals Another Crypto Idea for Its Nonsensical Rebrand

Mark Zuckerberg’s vision for the metaverse has little to do with the open, interoperable vision first articulated by the blockchain industry.

CEO of Facebook Mark Zuckerberg walks with COO of Facebook Sheryl Sandberg after a session at the Allen & Company Sun Valley Conference on July 08, 2021 in Sun Valley, Idaho.

Finance

Libra Scales Back Global Currency Ambitions in Concession to Regulators

The Facebook-spawned Libra Association has scaled back its original vision of a global digital currency backed by a basket of fiat currencies.

CAPITULATION? U.S. lawmakers grilled Libra board member David Marcus last year. The consortium has overhauled its plans. (Credit: House Financial Services Committee)

Policy

Ex-PBoC Governor Urges China to Join Global Conversation on Libra

A former senior official with the People’s Bank of China (PBoC) believes the nation should join a global conversation about regulating stablecoins, with a particular focus on the Libra stablecoin.

Image via Shutterstock

Markets

Facebook's Libra Pushes Back at Claims Project Is Threat to Financial Stability

The head of the Facebook-led Libra Association has responded to claims that the cryptocurrency project threatens financial stability.

Facebok libra coins

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