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Libra Association, a cryptocurrency project started by Facebook Inc that drew regulatory blowback worldwide, is hoping a new name offers a fresh chance to win over regulators and gain a foothold in the emerging market.
China’s central bank is planning to test its digital currency on platforms operated by Meituan Dianping, enlisting the food delivery giant backed by Tencent Holdings Ltd in a major step toward the token’s mass adoption.
Facebook’s virtual wallet for yet-to-be-minted Libra digital coins was renamed “Novi” on May 26.
Bitcoin slid on May 11 in volatile trading, after it went through a technical adjustment that reduced the rate at which new coins are created.
Many members of the Libra Association – a Facebook Inc-led effort to create a global cryptocurrency – are now also backing a rival effort.
Hurun Report: China produces 182 new billionaires, triple the new faces in the US, while Shanghai overtakes Hong Kong for the first time
Shanghai overtakes Hong Kong for the first time in the number of billionaires with 83 to 76, according to the latest Hurun Global Rich List 2020. The world’s 2,816 billionaires enhances their combined wealth by 16% to a record US$11.2tril.
Advertising agencies have asked the Nepal Rastra Bank to provide them international cards worth up to US$5,000 (RM20,913) to pay for advertisements on social media through the formal banking channel.
It’s not very surprising that Mark Zuckerberg’s state-visit-style trip to Brussels got a pretty chilly reception from European Union officials.
Facebook Inc’s Libra cryptocurrency starts 2020 looking no closer to release, with authorities in its base in Switzerland raising fresh questions about its suitability as a global currency.
United Nations sanctions experts are warning people not to attend a cryptocurrency conference in North Korea in February, flagging it as a likely sanctions violation.