2022: Top five crypto developments
FinTech Futures takes a look back at some of the year’s top crypto developments and stories.
Libra
FinTech Futures: Top five stories of the week – 8 July 2022
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Meta calls time on digital wallet project Novi
The Novi app and Novi on WhatsApp will no longer be available starting 1 September 2022.
Meta drops crypto project Diem due to regulatory roadblocks
The Diem Association has sold its intellectual property and tech assets to Silvergate Capital in a $182m deal.
Novi chief and co-creator of Diem David Marcus to leave Meta
Marcus is stepping down to pursue new entrepreneurial opportunities after seven years at the firm.
Facebook’s Libra could launch as early as January 2021
Novi’s digital wallet is “ready from a product perspective”.
Libra’s Second Wind
Some say slow progress of blockchain adoption is not just because of regulatory hurdles.
Facebook attempts to address concerns expressed by regulators on the original proposal
The tax problems with this proposal identified in our client briefing on Libra 1.0 remain unresolved.
Libra: Already a victim of fraud
According to the Facebook model, you steal a little and they bank the ad revenue.
Facebook’s Libra creating a shadow banking system, say US banks
US banks reckon Libra poses a threat to national monetary policy.
Top fintech stories this week – 27 July 2018
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
