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Facebook is renaming Calibra, the digital wallet it hopes will one day be used to access the Libra digital currencies, Novi. In a blog post the company said that the new name was inspired by the Latin words “novus” and “via,” which mean “new” and “way,” respectively. Novi Financial is the new name of the Facebook subsidiary that will develop the company’s digital wallet.
Regulators are reportedly concerned that the Libra currency could shut out rivals and create “competition restrictions” related to the use of information and consumer data. The EU is also examining the integration of Libra wallets into Facebook’s WhatsApp and Messenger services, according to Bloomberg.
Facebook will not launch the cryptocurrency Libra until it has “fully addressed regulatory concerns,” according to David Marcus, the head of Facebook’s Calibra. The remarks are prepared testimony he plans to give tomorrow, in front of the US Senate Banking Committee.
France is creating a G7 task force to ensure that transnational crypto currencies like Facebook’s Libra are regulated to protect the economy and the consumer.
France is creating a G7 task force to study how central banks ensure cryptocurrencies like Facebook’s Libra are governed by regulations ranging from money-laundering laws to consumer-protection rules, France’s central bank governor said on Friday.
Facebook announced its cryptocurrency Libra and a global association of organizations that will govern it. And Facebook also announced Calibra, a new subsidiary that will build a digital wallet for Messenger, WhatsApp, and a standalone app on iOS and Android.
These companies include major financial organizations like Visa and Mastercard, and internet darlings like PayPal, Uber, Stripe, and Booking.com. Each will invest around $10 million to fund development of the currency, and will become part of the Libra Association, an independent consortium that will govern the digital coin independently of Facebook.
Akwa Ibom State Police Public Relations Officer, CSP. Fredrick Nnudam, disclosed this in a statement, Thursday in Uyo, the state capital.
UEFA has confirmed that the outstanding Champions League and Europa League last-16 second leg matches will be hosted by the clubs who were scheduled to play at home.
Power Distribution Companies (DisCos) have advocated a Central Bank-funded massive meters roll-out project, to ensure that electricity customers were adequately metered.
The Independent National Electoral Commission (INEC) has confirmed that 17 out of the 18 registered political parties will be contesting the October 10, 2020 Ondo state governorship election.
International Federation of Women Lawyers, FIDA, Nigeria; Women in Politics and National Council for Women Society, Nigeria, among others civil society organisations, have described the refusal of Governor Ben Ayade of Cross River State and members of the state House of Assembly to confer Justice Akon Ikpeme as the Chief Judge of the state, as gross injustice.
Super Falcons star Rasheedat Ajibade started the 2020 Norwegian Toppserien season in fantastic fashion as she finds the back of the net and also helped her team Alvadnes to an impressive win.
Inspector-General of Police [IGP], Mohammed Adamu, yesterday, vowed to flush out every single criminal element operating in any part of the South East zone within the shortest possible time.
Leroy Sane will wear the number 10 shirt, previously belonging to Philippe Coutinho, when he plays for Bayern Munich next season.
The Kwara Government has advocated the need to use local languages as tools to reach Nigerians in the campaign against COVID-19 and other social vices, including rape and domestic violence.
The governorship candidate of the Peoples Democratic Party in the September 19 election in Edo State, Mr Godwin Obaseki has obtained a new discharge certificate from the National Youth Service Corps with number A 004280695.