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Digital Currency Diem, Formerly Libra, to Include Rigorous KYC Christian Catalini, an MIT Professor and co-founder of Diem (formerly Libra), visited with CNBC yesterday providing a minor update on the much-anticipated cryptocurrency. Libra/Diem lurched into the crypto-sphere in 2019 with great expectations of becoming a non-sovereign digital currency utilized by the hundreds of millions of Facebook users along with a coterie of affiliated supporters. It did not take long for policymakers and regulators to pump the brakes on the project as multiple jurisdictions worried about a digital curren...

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-fur...

Largest Crypto Exchange Names Ex-U.S. Senator Baucus as Adviser Bloomberg 3/11/2021 Joanna Ossinger (Bloomberg) -- Binance Holdings Ltd., the world’s largest cryptocurrency exchange, has named prominent former U.S. politician Max Baucus as a policy and government-relations adviser. Baucus, a 79-year-old Democrat who served as Senator from Montana for more than three decades including a seven-year stint as Chairman of the Senate Finance Committee, and later as U.S. ambassador to China from 2014-2017, will provide guidance and policy advice covering some of the world’s mos...

Message : Required fields LONDON (Reuters) - If central bank digital cash is to rapidly replace banknotes, a shadow economy worth trillions of dollars may creep deeper into the darkness. A big issue for governments and central banks then is the extent to which it's already going there - or whether the latest explosion in cryptocurrency values, for example, is at least partly pricing its imminent arrival. Monetary authorities from Beijing to Frankfurt have over the past year accelerated plans for legal tender in digital format, in part to keep pace with the explosion of private sector cryp...

Elon Musk is making headlines after causing the price of Dogecoin to surge to an all-time high. On Sunday, the tech entrepreneur tweeted “Who let the Doge out”, resulting in a 53% rise over the last 24 hours. Dogecoin’s record value is now 8.2 cents with a market value of $10 billion – making it […]