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Facebook and Calibra Head David Marcus: What Problems Would Wholesale CBDCs Even Solve?
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Facebook and Calibra Head David Marcus: What Problems Would Wholesale CBDCs Even Solve?

During a panel discussion at the World Economic Forum which included the topic of Central Bank Digital Currencies (CBDCs), David Marcus, Head of Calibra, highlighted that digital currencies are the key to innovate cross-border payments and solve the issues of the unbanked—regardless of if that digital currency is Libra or not.

Facebook Calibra Digital Wallet Gets a New Name – Novi
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Facebook Calibra Digital Wallet Gets a New Name – Novi

Facebook has renamed its digital wallet, Calibra, as Novi. Calibra was the digital wallet that the social media giant has been building to access Libra digital currencies. In a blog post, the company explained that the new name was inspired by the Latin words “novus” and “via,” meaning “new” and “way.” The digital wallet company, a subsidiary under Facebook will now be named Novi Financial. As previously reported by Blockchain.News, Libra has abandoned its original plan of a widely accessible permissionless digital currency aimed to solve financial inclusion issues, due to ongoing regulatory backlash.

How Far Away is Japan’s CBDC? Bank of Japan Meets with Monetary Authorities on Potential Digital Yen Issuance
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How Far Away is Japan’s CBDC? Bank of Japan Meets with Monetary Authorities on Potential Digital Yen Issuance

Japan’s Monetary Authorities Get Serious About CBDC Research and Roll Out

Blockchain Capital Joins the Libra Association as Newest Governing Member
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Blockchain Capital Joins the Libra Association as Newest Governing Member

Blockchain Capital investment company has joined the Libra Association as a governing member.

What are the 7 Key Takeaways from Facebook's Libra Hearings?
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What are the 7 Key Takeaways from Facebook's Libra Hearings?

The debate on Facebook's Libra continues with the hearing with Senate Banking Committee on 16 July and the United States House Committee of Financial Services on 17 July. Here are the 7 key takeaways from the two hearings.

PwC: Crypto M&A and Fundraising in Asia Reports Major Growth
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PwC: Crypto M&A and Fundraising in Asia Reports Major Growth

PwC previewed its latest white paper—PwC Global Crypto M&A and Fundraising Report—last Thursday at CoinDesk’s Invest: Asia event. This is the first report by PwC on the broader crypto ecosystem, but the firm will continue to publish updates twice a year moving forward.

Facebook’s Libra Developers Release Initial Roadmap
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Facebook’s Libra Developers Release Initial Roadmap

The developers behind Facebook’s cryptocurrency project Libra have released their initial roadmap outlining the milestones they plan to achieve prior to the mainnet launch of the Libra blockchain.

Libra Association Appoints Former Homeland Security General Counsel to Head Its Legal Services
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Libra Association Appoints Former Homeland Security General Counsel to Head Its Legal Services

Libra appoints Stevan Bunnell, former Homeland security department general counsel, as its own general counsel.

Latin America E-Commerce Giant MercadoLibre Purchases $7.8 Million Worth of Bitcoin
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Latin America E-Commerce Giant MercadoLibre Purchases $7.8 Million Worth of Bitcoin

Mercadolibre announced a $7.8 million Bitcoin purchase, believing deeply in the cryptocurrency.

Fundstrat’s Thomas Lee Discusses: What Happens After the 10 Best Days for Bitcoin?
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Fundstrat’s Thomas Lee Discusses: What Happens After the 10 Best Days for Bitcoin?

Thomas Lee, the Co-Founder, Managing Director, and Head of Research at Fundstrat Global Advisors, known for his opinions on the Bitcoin and crypto market has sat down with Blockchain.News to discuss his views on some macro trends and the Bitcoin industry we’re currently observing.

Ex-Chief Executive of the HKMA Establishes Digital Wallet Firm to Solve Issues in Cross-Border Trade Finance
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Ex-Chief Executive of the HKMA Establishes Digital Wallet Firm to Solve Issues in Cross-Border Trade Finance

The former Chief Executive of the Hong Kong Monetary Authority (HKMA) has established a new digital wallet company, RD Wallet Technologies Limited.

Libra Appoints New Chief Compliance Officer, Third C-Suite Executive Appointed with a Strong Compliance Track Record
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Libra Appoints New Chief Compliance Officer, Third C-Suite Executive Appointed with a Strong Compliance Track Record

The Libra Association appointed Sterling Daines as its new Chief Compliance Officer, who is currently the Managing Director and Global Head of Financial Crime Compliance at Credit Suisse. He is expected to leave his position at Credit Suisse and join the Libra Association later this year. Prior to Credit Suisse, he was the Managing Director and Deputy Head of Financial Crime Compliance at Goldman Sachs and has worked as a consultant to the US Department of Justice and the Financial Crimes Enforcement Network (FinCEN).

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