Libra rival Celo launches 50-member Alliance For Prosperity

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Some Libra Association members like Andreessen Horowitz and Coinbase Ventures are double-dipping, backing a competing cryptocurrency developer platform. Launching today with over 50 partners, non-profit The Celo Foundation’s ‘Alliance For Prosperity’ offers a way for developers to build decentralized mobile … Continued

Libras critics are missing the forest for the trees

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Nik Milanovic proposed stablecoin. jumped shipdirect pressureturned intoassailedannouncedCritics, though well-intentioned, are missing the forest for the trees. Governments should heed the lesson of the U.S.-Soviet space race of the 1970s and use the idea behind Libra, if not the project … Continued

Cryptocurrencys bad day continues as the SEC blocks Telegrams $1.7 billion planned token sale

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Cryptocurrency’s bad news day continues to get worse as the U.S. Securities and Exchange Commission has said it has filed an emergency action and received a restraining order for the $1.7 billion planned token offering of Telegram’s blockchain. The move … Continued

Visa funds $40M for no-password crypto vault Anchorage

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Visa and Andreessen Horowitz are betting even bigger on cryptocurrency, funding a big round for fellow Facebook Libra Association member Anchorage’s omnimetric blockchain security system. Instead of using passwords that can be stolen, Anchorage requires cryptocurrency withdrawals to be approved … Continued