Facebook subsidiary and Libra wallet provider Calibra has now been rebranded to Novi. The first wallet product from the firm is intended to hold Libra’s various digital currencies, once the Facebook-led initiative goes live. Aimed to make sending funds to friends or family as “easy as sending a message,” transactions with Novi will arrive instantly, according to the announcement, and will contain no “hidden charges.”
The university announced May 26 that it was partnering with IBM, Palo Alto Networks, and Stone & Chalk to offer a graduate certificate in cyber security and graduate certificate in blockchain-enabled business. The programs are expected to start in October 2020 and will last for nine months.
A recent Andreessen Horowitz report says crypto is in its growth stage, but critics say the industry is yet to create end-use value. The crypto space is well over a decade old with more than 5,500 different cryptocurrencies and a market capitalization north of $250 billion. According to the report, every new stage begins with a massive increase in Bitcoin’s price that triggers renewed interest in cryptos leading to the emergence of new ideas and startups.
Chinese government advisers have proposed a regional digital currency that would be backed by four major Asian currencies including the Japanese yen, Korean won, Hong Kong dollar and the yuan. The basket of underlying collateral would follow the special drawing rights (SDR) model of the International Monetary Fund (IMF), where each country’s currency is assigned a different weight based on its economy.
Administrative Council for Economic Defense (CADE) nearly two-year-old inquiry into Itaú Unibanco, Banco do Brasil, Santander, Inter, Bradesco and Sicredi now returns to the General Superintendency for further review, as per the decision by CADE’s chief tribunal. Those six banks comprise the lion’s share of Brazil’s banking sector.
The book was published as part series on disruptive technologies. Previous entries in the series include “A Dialogue With Party Leaders About AI” and“ A Dialogue With Party Leaders About Blockchain”. The aim is to provide a source for party officials and the general public for learning about emerging new tech trends.
Celo Foundation announced the launch of Mainnet, the next step of allowing transfers of its Celo Gold tokens. An ERC-20 token, are now enabled via on-chain governance, meaning exchanges are free to integrate with the platform. The company thanked the “commitment, passion, expertise, and engagement of over 100 independent validators around the world” for making the network possible.
31 European countries, including the EU’s 27 member states, now have access to the card that lets users pay in crypto, it said in a blog post. The Hong Kong company received approval to bring the program to the European market in October. The card works by exchanging users’ crypto for local fiat when the user loads crypto onto the card.
The flagship bitcoin fund lost 75.6% in 2018 and gained 87.7% in 2019, according to internal materials seen by CoinDesk. The last two years dragged the bitcoin fund’s all-time returns to 10,162%, down 54% from 2017’s peak of 22,321% but still exceeding all-time returns at elite funds hundreds of times over.
Both aim to increase awareness of the ongoing threat of ransomware attacks across the globe. The date is set on the third anniversary of the most significant ransomware attack on record, WannaCry. The main goal is to raise awareness about the effects of ransom-centric cyberattacks which continue to affect people and businesses all over the world.