Facebook rebrands Calibra to Novi as the digital wallet for Libra cryptocurrency

Facebook decided to rebrand and rename the initial Calibra cryptocurrency wallet as the now new Novi cryptocurrency wallet. According to Facebook, the name Novi was inspired by the Latin words “novus” for “new” and “via” for “way." according to the press release issued by the company on May 26th, 2020. Libra, as of…

June 5, 20200Comments

ByZoran Spirkovski

Altcoins Bitcoin

US Congress Continues to Investigate Cryptocurrencies, Deep Divisions Revealed

Members of the United States Congress are again openly addressing the cryptocurrency revolution by holding committee hearings and researching its potential impact on the current financial system. Although there is significant division among them, there is no doubt that America’s legislators are becoming notably concerned about the changes blockchain technology is introducing. There is now…

November 3, 20190Comments

ByTrevor Smith

Altcoins

Paypal Abandons Libra, May Indicate Larger Plans for the Payment Company

PayPal has announced that it will withdraw from the Libra Association, which is yet another blow to Facebook’s planned digital currency. Whereas it is no secret that politicians and financial regulators are highly skeptical of Libra, this move is the first indication of a rift among the platform’s partners. It also underscores the challenge legacy…

October 29, 20190Comments

ByTrevor Smith

Altcoins

Stablecoins Are Growing & Creating Their Own Niche Within The Crypto Space

Wells Fargo has become the latest financial institution to announce the creation of a stablecoin, which it intends to use for cross border transfers and international payments. As digital tokens backed by hard assets, usually fiat currencies, stablecoins are quickly carving out their own place within the crypto space. Their emergence has sparked significant debate…

October 7, 20190Comments

ByTrevor Smith

Altcoins

European Nations Coming Out Against Libra, Facebook Appears Not Concerned

Libra continues to meet resistance as European states are lining up to pronounce it dead on arrival. Leaders in both France and Germany have now announced that Facebook’s proposed digital currency will not be permitted in their countries. These moves come as the European Union and China have announced plans to release their own digital…

September 26, 20190Comments

ByTrevor Smith

Altcoins

China’s Central Bank Plans to Create a Digital Currency to Rival Facebook’s Libra

The Central Bank of China has indicated plans to establish a digital coin. Already supported by the cabinet, this coin will come in handy in positioning China in the crypto sphere. Speaking at a past forum at Peking University, Wang Xin, the Research Bureau chairperson of the People's Bank of China (PBOC) mentioned that the…

September 3, 20190Comments

ByGrace Muthoni

Altcoins

Facebook’s Libra aims to Shakeup the E-commerce Industry

Facebook recently declared its plans to join the digital market by 2020. The move which has about twelve countries on board will see the tech giant create its own online currency named Libra. The Global coin is already ahead of other cryptocurrencies such as Ethereum and Ripple among others. But the currency must overcome a number…

August 27, 20190Comments

ByGrace Muthoni

Altcoins News

Updated Rules by the Financial Industry Regulatory Authority (FINRA)

The United States Financial Industry Regulatory Authority (FINRA) has extended the deadline for companies to report their cryptocurrency ventures. The regulatory notice comes at a time when all eyes are set on Libra, Facebook’s crypto initiative. The initial deadline was July 31,2019 but has since been moved to a similar date next year. Despite the growing…

August 12, 20190Comments

ByGrace Muthoni

Altcoins Bitcoin

America’s Leaders Continue To Send Mixed Signals on Crypto Adoption

Cryptocurrencies have become a key topic of discussion across Washington as America’s leaders are rapidly waking up to the reality of its disruptive potential. Individuals from different branches of government are weighing in on its development and adoption, and although many express concern or derision over the use of blockchain assets, there is also a…

July 26, 20190Comments

ByTrevor Smith

Altcoins

Digital Currencies Could Surpass Traditional Money, IMF Reports

The large institutions that oversee the mechanisms of the global economy are paying ever closer attention to blockchain technology and cryptocurrencies. Among these institutions is the International Monetary Fund (IMF), which for over seventy years has played a leading role in ensuring worldwide fiscal stability, particularly in underdeveloped countries. The IMF has just released a…

July 24, 20190Comments

ByTrevor Smith