Articles of Facebook

World Economic Forum: Creating a Reputable and Trustworthy Digital Currency (Part 2)

Translation / Proofreading: Long Baitao Guide What does Libra have to do with regulation? Davos, the two central bankers and Libra's head, representing the forefront of stablecoin global regulation. On January 24, 2020, Sheila Warren, Head of Blockchain and Distributed Ledger Technology at the World Economic Forum, Tharman Shanmugaratnam, Chairman of the Monetary Authority of […]

Five members of the Libra Association join. Why does this startup compete with Facebook?

Author: Joyce Source: Blockchain Outpost "The biggest difference with Celo compared to Facebook is the decentralization." On March 11, cLabs, a Silicon Valley crypto startup that uses Ethereum and Libra as models to design global currencies, announced its members of the cryptocurrency alliance, including five key members of the Facebook Libra Association, Coinbase Ventures, Andreessen […]

Facebook considers redesigning Libra for regulatory approval

Source: Bloomberg , original author: Joe Light, Benjamin Bain, Olga Kharif Source: Planet Daily, Translator: Yu Shunsui Facebook and its partners are considering redesigning the cryptocurrency project Libra so that the network accepts multiple currencies in an effort to attract reluctant global regulators and rebuild momentum for the program. When Facebook announced the Libra plan, […]

What are the developments of Libra during the epidemic that deserve attention?

Source: 52CBDC During the epidemic, the development status of digital currencies of central banks in various countries and the application of blockchain frequently occurred. For example, the epidemic promoted the accelerated launch of the central bank's digital currency, DCEP, and the United States evaluated the feasibility of issuing central bank digital currencies. Digital currency, the […]

EU officials: Libra cannot be regulated due to lack of further details

Author: Xiu MU Source: Tweet bitpush.news Valdis Dombrovskis, executive vice president of the European Commission, said that although multiple questionnaires have been sent to the Libr Association, the EU still does not have enough information to make a judgment. A memorandum released by the European Commission on Tuesday showed that the European Union is still […]

Technical Primer | Explore the key details of BFT and Libra's Consensus components

Libra involves many things. We introduce the design and implementation of Libra from three lines: By analyzing the process of Node startup and joining the Libra network, the design and implementation of Network components are introduced; Around the life cycle of the transaction, analyze the process of receiving transactions, packaging blocks, and running on the […]

Introduction to Technology | Analyze Libra core components based on the life cycle of Transaction

Libra involves many things. We introduce the design and implementation of Libra from three lines: By analyzing the process of Node startup and joining the Libra network, the design and implementation of Network components are introduced; Around the life cycle of the transaction, analyze the process of receiving transactions, packaging blocks, and running on the […]

Libra thinking about anchoring the US dollar as a single currency launch? The reason behind it is not simple

Source: 52cbdc Since the Libra plan was proposed, the implementation of the Libra plan has stumbled and moved slowly due to issues such as supervision and profit models. And from 28 to 21 Libra association institutions, Libra has linked from a basket of currencies to accepting a single currency peg, from the expected launch in […]

Digital currency is becoming a consensus. Why is there still many obstacles to Libra landing?

Author: Foca Think Tank Source: Surging News Cryptocurrencies rose during the Chinese New Year holidays, with a market value increase of 34% in the past seven days. Among them, Bitcoin rose 13% during the Chinese New Year holidays. Behind this, digital currencies are increasingly recognized by mainstream institutions. The International Monetary Fund has published a […]

MasterCard CEO: Libra's financial inclusion fails to meet expectations, and compliance is too vague

Many top investors have withdrawn from Facebook's Libra project on the grounds of regulatory concerns, and Mastercard is one of many companies that have broken their partnership with Libra. In a recent interview with the Financial Times, MasterCard CEO Ajay Banga claimed that key members of the Libra Association will not “do nothing that does […]