Libra

Chinese Communist Party Adds Crypto to Curriculum

A higher education institution that trains Chinese Communist Party officials has published a new book about cryptocurrency.  According to a local blockchain news report on May 19, the Party School of the Central Committee of the Communist Party of China — also known as the Central Party School — published the book as part of …

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Libra Association Appoints Former FinCEN Head as General Counsel

On May 19, the Libra Association, the organization behind Facebook’s Libra stablecoin project, announced the appointment of Robert Werner as its general counsel, in what seems to be a continuing strategy to reconcile with regulators. Werner brings vast experience from both the public and private sectors, including serving as the director for the Finance Crimes …

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Pantera Capital Founder Says Regulators ‘Triggered’ by Grams and Libra

Dr. Steven Waterhouse, a founding partner of Pantera Capital and the CEO of Orchid (OXT), believes that the U.S. government will not let a private enterprise challenge the dollar. In an interview recorded prior to Telegram announcing it had given up on its blockchain project, Dr. Waterhouse said the U.S. government perceives cryptocurrencies issued by …

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First Sovereign Wealth Fund Joins Libra Association

Temasek, one of Singapore’s two sovereign wealth funds, is among the latest companies to join the Libra Association, the consortium Facebook set up to create a global digital currency. The addition may help explain why the Singapore dollar has figured prominently in Libra’s plans from the early days. In the initial vision of a new …

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Can Central Bank Digital Currencies Protect Individual Privacy?

Crypto industry leaders and law experts debated the privacy implications of central bank digital currencies (CBDC) during the ‘Money Re-Imagined’ panel as part of Consensus:Distributed on May 11. Lawrence Summers, the former U.S. Treasury Secretary and former chief economist of the World Bank, argued that the current fiat monetary system exhibits issues of too much …

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Blockchain Bites: Introducing the CoinDesk 50 and a Roadmap to Consensus: Distributed

Credit: Cavendish Design The CoinDesk 50Congratulations to the inaugural CoinDesk 50. This new list features the most important, innovative and viable projects in the crypto and blockchain industry. In just 11 years, cryptocurrency and its underlying technology has made serious in-roads, promising to reinvent how the world transacts, how the internet will function and how to …

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Libra Association Names HSBC Chief Legal Officer as First CEO

The Libra Association has named HSBC Chief Legal Officer Stuart Levey as its first chief executive. The group announced Wednesday that Levey would be joining “later this summer,” and will be overseeing the project’s work to “combine technology innovation with a robust compliance and regulatory framework.” He has been at HSBC since 2012. Levey has …

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Facebook’s Calibra Team Introduces A Novel Distributed Audit Protocol

In a recent presentation at the 3rd ZKProof Workshop, the Calibra research team presented Distributed Auditing Proofs of Liabilities, or DAPOL, protocol designed to make improvements to the existing distributed audit procedures. The team led by Konstantinos Chalkias, contends that their protocol builds upon and improves existing methods by introducing additional optimization and enhanced privacy. …

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