Libra

Blockchain Bites: Rethinking Libra, Craig Wright and Something Smells Fishy in Blockchain

Blockchain Bites: Rethinking Libra, Craig Wright and Something Smells Fishy in Blockchain

Top financial authorities are rethinking what a “basket-backed” stablecoin means for monetary sovereignty. The Bank for International Settlements (BIS) issued a new report claiming stablecoin initiatives like Libra haven’t driven central banks to explore CBDCs, Craig Wright is heading to trial and BTCPay received its largest donation to date. Here’s the story: You’re reading Blockchain Bites, …

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ConsenSys fintech exec says Libra could become a ‘developer magnet’ if the stablecoin project takes off

ConsenSys fintech exec says Libra could become a ‘developer magnet’ if the stablecoin project takes off

Lex Sokolin is worried that Libra could be detrimental to open-source crypto development in the long-run. Sokolin, ConsenSys’s co-leader for fintech and DeFi, recently sat down with The Block’s Frank Chaparro and Ryan Todd for an episode of The Scoop. Conversation topics ranged from how Libra could be a tool that governments use to “fight …

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Libra 2.0 may end up being a massive threat to central banks' CBDC hopes

Libra 2.0 may end up being a massive threat to central banks’ CBDC hopes

There has been rapid progress on the CBDC end lately. China has reached the final phase and many other countries are walking the same path. The latest news is the central bank think tank OMFIF launching the Digital Monetary Institute, a forum to further the explorations around central bank digital currencies (CBDC). Philip Middleton, Chairman …

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Network Bringing Bitcoin to DeFi Taps Libra Member Bison Trails for Staking Services

Network Bringing Bitcoin to DeFi Taps Libra Member Bison Trails for Staking Services

Decentralized finance (DeFi) protocol Keep Network has tapped Bison Trails to provide non-custodial staking services for tBTC, an ERC-20 representation of bitcoin (BTC) deposits.  Keep, a project from blockchain venture studio Thesis, operates tBTC in a trustless manner by breaking bitcoin deposits across smart contracts held by various Keep users. “Infrastructure is important because if …

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