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On Wednesday, Twitter CEO Jack Dorsey said that prohibiting US President Donald Trump was the best resolution for Twitter. Still, he disclosed that few private companies shouldn't dominate the internet. Dorsey said that the concept was disputed last week when several foundational internet tool providers opted not to host what they thought was treacherous. He said that he trusts the companies came to their conclusions or were encouraged by others' actions. He added that the inconsistent policies and lack of…

Libra Association, the organization in charge of Facebook's cryptocurrency project, has rebranded the stablecoin again, ahead of the anticipated launch next year. The move is to ensure that the project meets regulators' criteria in Q1 2021.  A New Days For Facebook's Crypto According to the changes revealed today, the project will now be called Diem, a Latin term for "day" because the Association believes it is a "new day" for the project.  Announced in June 2019, the Libra project has…

Cryptocurrency exchange FTX is set to offer traders tokenized shares of some fortune 500 companies, including Apple and Amazon. This was revealed in a press release with key details about the listing of the new digital assets. FTX will be partnering with European financial firms CM Equity and Digital Assets to offer fractional stocks on its platform. About a dozen stock and crypto pairs will be traded on the FTX trading platform. Some of the major names include Netflix Inc,…

Facebook’s Libra is still facing barriers as it is trying to come up with a new international payment system and financial infrastructure. Recently, Binance Research released a report which noted that the cryptocurrency project may turn things around in the payments industry similar to the transformation within the space travel industry by SpaceX. Last year, Facebook said it was planning to launch Libra, a digital currency to be managed by the Libra Association, a Swiss-based consortium of independent members. The…

Facebook announced its Libra project in June 2019 with the plan to release it this year. Nevertheless, the stablecoin project was heavily criticized. As the criticisms continue, Facebook has been unable to provide any updates for months. Yesterday, it announced remarkable changes to scale back its global payment system. The most remarkable of the changes is a shift from the creation of an open international financial network to instead offer both single-currency and multi-currency coins to be tied to local currencies. Part of the…

CrypoKitties also known as Dapper Labs have collaborated with Libra towards the development of an enhanced blockchain which developers will find friendly. CrypoKitties released a platform towards easing developers’ building and testing of programs. The all-new platform is known as “Flow Playground.” This platform ensures that testers and developers are able to run their programs without issues. The collaborative efforts of Libra and Dapper Labs will involve the incorporation of a programming language known as Cadence into their own style known as…

The United States Federal Reserve plans to buy unlimited bond and also print dollar but do not appear to be going well. The country continues to experience a rising unemployment rate. Nonetheless, it appears that the cryptocurrency space has a solution to this challenge. Mark Yusko of Morgan Creek Capital spoke on a recent podcast, suggesting that a central bank digital currency (CBDC) may help with the plan of printing dollar bills. Yusko said CBDCs may help with faster distribution in…

For around five years, the People’s Bank of China (PBoC) has been working on a digital coin. The central bank’s fiat reserve will back the Central Bank Digital Currency (CBDC), and its value pegged to the Yuan value.  Although the government of China announced its plans to develop the digital yuan in 2014, Facebook’s announcement of the launch of Libra was the propelling factor. The central bank says that the digital coin is near completion but hasn’t given any prospective…

Facebook has revealed its intentions to make some key re-designing of its Libra project. The 3rd March 2020 announcement aims to make the network compatible with multiple coins, including some issued by various central banks. This effort is an attempt to entice reluctant financial regulators in Europe and the US as well as revitalize its project's momentum. Libra Reorganizes Due To Opposition  At the dawn of the Libra project's launch, the social media giant outlined the project's main goal as…