Ripple Likely Sold XRP in an Unregistered Securities Offering

In recent months, a number of class-action lawsuits have been filed against Ripple for selling its XRP token in an unregistered securities offering. So far, the United States Securities and Exchange Commission has not published any official statement on this, which has kept everyone guessing.

To help put an end to . . . → Read More: Ripple Likely Sold XRP in an Unregistered Securities Offering

The Libra Association Gets a New Member in Shopify

The Libra Association has signed up Canadian e-commerce platform Shopify as its newest member as the troubled crypto project looks to get back on track.Libra has lost several founding members in recent months for a variety of reasons, the most prominent of which was the massive amount of scrutiny leveled at the project. The . . . → Read More: The Libra Association Gets a New Member in Shopify

Libra Vice Chair Unconcerned By High Profile Departures

Dante Disparte, Vice-Chair of the Libra Association, said that he was unconcerned by recent high-profile departures from the project just two weeks after Vodafone became the latest name to ditch the proposed digital coin.Speaking to CoinDesk at the World Economic Forum in Davos last week, Disparte said that the Libra project was picking up . . . → Read More: Libra Vice Chair Unconcerned By High Profile Departures

Mastercard CEO Reveals Why His Firm Quit Libra Over Several Red Flags

Mastercard CEO Ajay Banga says his company left The Libra Association after his attitude towards the project deteriorated over proposals to link the coin with its own built-in wallet, Calibra, as well as the lack of a clear business model.

In an interview with the Financial Times, the payment services chief, who has . . . → Read More: Mastercard CEO Reveals Why His Firm Quit Libra Over Several Red Flags

Vodafone Becomes Latest Big Name Backer to Quit Libra

British telecom giant Vodafone is the latest firm to pull out of the Libra Association, the non-profit body overseeing the Facebook-led digital coin, bringing the total number of early backers to withdraw from the project to eight.

Vodafone Walks Away

Both Vodafone and Libra confirmed the news last week with the departure appearing to . . . → Read More: Vodafone Becomes Latest Big Name Backer to Quit Libra

Libra Still Faces Uphill Battle Despite Softened Swiss Stance

A Swiss government memo appears to show a softening in the nation’s stance towards Libra, the proposed digital coin led by Facebook (NASDAQ:FB), just weeks after its former president described the project as a failure.The memo, seen by Bloomberg, shows the Swiss government refusing to rule out the possibility that Libra may one day . . . → Read More: Libra Still Faces Uphill Battle Despite Softened Swiss Stance

Libra Association Sets Up Five Member Oversight Committee

The Libra Association, the non-profit organization overseeing Libra, has established a five-member Technical Steering Committee (TSC) to oversee and coordinate the technical design and development of the Libra network.The responsibilities of the TSC are to direct the technical roadmap of the Libra network, form working groups to fast track research into specific issues, guide . . . → Read More: Libra Association Sets Up Five Member Oversight Committee

Facebook’s Libra Cryptocurrency isn’t Actually Cryptocurrency

If you want a genuine cryptocurrency experience, don’t look to Facebook.The social media giant has lately made headlines around the world for introducing its Libra cryptocurrency and related nonprofit Libra Association. The popular understanding is that Libra is Facebook’s response to Bitcoin, Ether, and other popular crypto coins—it’s a new way to transmit value . . . → Read More: Facebook’s Libra Cryptocurrency isn’t Actually Cryptocurrency