It s been nearly two years since Facebook launched its ill-fated Libra cryptocurrency effort.
Since then, the popularity and acceptance of cryptocurrencies has soared.
But while the world has left Libra for dead, Facebook has not given up on its crypto dreams.
In June, 2019, Facebook unveiled plans to create a digital currency called Libra that, once released the next year, would be pegged to hard currencies including the US dollar. As Facebook spun things, Libra would be a democratizing force, a salve for the unbanked, the tech giant s benevolent gift to the world.
It was a sound-and-fury announcement greeted with attendant shock and awe: by cryptocurrency advocates who had dreamt of such a powerhouse getting behind their cause; by established payments players and their merchant customers excited by the convenience of non-government-controlled money transfers; and, less enthusiastically, by governments themselves, chagrined by the notion that Facebook might usurp their autho
SOURCE / ECONOMY
China leads in scenarios, mobile coverage
By GT staff reporters Published: Apr 08, 2021 08:13 PM
Residents who received red packets of digital RMB use the money in a store in Shenzhen, Guangdong Province, on October 14, 2020. Photo: Li Hao/GT
The global race to launch digital currencies is fiercer as central banks from more countries explore how to use the money of the future. In the competition, China has taken the lead thanks to an early start and abundant application scenarios aided by wide broadband coverage, which analysts said will help boost the internalization of the yuan against US dollar hegemony.
Fed officials back dovish Powell view despite outlook
POSITIVE FORECAST: Although the Fed remains far from its goals, some officials said that they expect a rebound with vaccines, increased spending and low interest rates
Bloomberg
US Federal Reserve Chairman Jerome Powell’s dovish message on an incomplete economic recovery won the day when officials met last month, with a record of the gathering showing a unanimous near-term policy outlook, minutes released on Wednesday showed.
“Participants noted that it would likely be some time until substantial further progress toward the committee’s maximum-employment and price-stability goals would be realized,” minutes from the March 16-17 Federal Open Market Committee (FOMC) meeting showed.
Jarden Brief: Survey shows 74 per cent of landlords mulling rent increases
7 Apr, 2021 08:14 PM
7 minutes to read
The Government s law changes could have a major impact on the rental market. Photo / 123RF
The Government s law changes could have a major impact on the rental market. Photo / 123RF
NZ Herald
Jarden
New Zealand The S&P NZX50 index rose 0.7 per cent yesterday, buoyed by sector gains from healthcare and consumer non-cyclicals which led the way up 2.9 and 1.3 per cent respectively.
Most of the healthcare sector increase can be attributed to the days highest gainer, Fisher and Paykel Healthcare. The stock climbed 3.5 per cent by close of trading, continuing its strong run since this time last month.
A central bank digital currency: Challenges and opportunities betanews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from betanews.com Daily Mail and Mail on Sunday newspapers.