Libra


Markets

Circle Brings on Former Libra Vice Chair Dante Disparte in Potential Blow to Facebook Stablecoin Effort

Disparte will help Circle's global expansion efforts, CEO Jeremy Allaire wrote in a blog post.

Policy chief Dante Disparte left the Facebook-linked Diem Association (formerly Libra) and joined Circle in April 2021.

Markets

Don't Follow the Suits, Follow the Weirdos

The big wins in crypto are going to come from the punks, hippies and contrarians. In this very bullish season, don't be enraptured by the “grownups.”

The suits show up when sectors become safe, after they plateau. They show up when something can be turned into a nice, predictable little business. They show up once it's boring.

Markets

BIS Researchers Grapple With Implications of Interoperable CBDCs

Central bank digital currencies would largely benefit countries if they work together to eliminate traditional banking frictions, a research note said.

globeshadow

Markets

Rebranded Libra Still a ‘Wolf in Sheep’s Clothing': German Finance Minister

German Finance Minister Olaf Scholz took aim at the rebranded lDiem and said it would take more than cosmetic changes to smoothen regulatory concerns.

German Finance Minister Olaf Scholz

Markets

Spotify Looking for Associate Director to Lead Activity on Libra Project, Other Crypto Efforts

The world's largest audio streaming service is on the hunt for a new associate director to lead its activity within the libra stablecoin project.

Spotify app.

Finance

Libra Rebrands to 'Diem' in Anticipation of 2021 Launch

The Libra Association is rebranding itself as Diem to distance itself from the original multi-currency stablecoin vision as it prepares for a possible 2021 launch.

Diem CEO Stuart Levey said the first stablecoin issued by the former Libra Association would be a dollar-backed token, which is pending FINMA approval.

Markets

Libra Plans Dollar-Pegged Stablecoin Launch in January 2021: Report

Libra might eventually get off the ground as early as January albeit in a more limited format.

Facebook Libra

Markets

German Finance Minister Says He Does Not Support Private Cryptos: Report

Olaf Scholz said banks need to adapt for a digital world but seemed to rule out private digital currencies from that future.

German Finance Minister Olaf Scholz

Markets

From PayPal to Libra: Big Tech Has Forced Central Banks to Wake Up to CBDCs, Says Benoit Coeure

Libra was the final wake-up call for central banks that prompted serious consideration of digital currency issuances, according to the head of the BIS Innovation Hub.

Benoit Coeure, head of the BIS Innovation Hub

Policy

FSB Recommends Stablecoin (Libra) Safeguards as G7 Continues Blockade

Finance officials never once named libra. But they didn't have to; the proposed stablecoin's shadow still looms large.

Regulators have effectively placed "global stablecoin projects" (read: libra) under siege.