In this week’s Pulse episode, we have the latest in cyberspace and Queen’s Elizabeth’s reaction after getting a blockchain journal in the mail. But first up is Facebook. The social networking company’s digital currency project Libra, is set to launch in 2021. However, it will be a toned-down version of what the Libra Association had originally planned.
Libra, now known as the Diem Association, will launch the stablecoin called Diem Dollar that is backed 1 to 1 with the U.S. dollar. The Diem Association wanted to launch a stablecoin that was pegged to a basket of fiat currencies. However, the association received backlash from regulators around the world who were worried that this could pose a significant threat to the financial stability of the underlying fiat currencies in the basket.
Facebook’s initiative can be net beneficial to Bitcoin SV. They won’t have data management powers but they can educate world regulators on this space without really competing. According to reports, Diem will initially launch as early as January 2021. At present, the Geneva-based Diem Association is awaiting approval from the Swiss Financial Market Supervisory Authority.
More news in cyberspace. Crash Inc. CEO Isaac Morehouse and cyberpunk, author, podcaster, media theorist, and visionary Douglas Rushkoff talk cyberpunks and Bitcoin on Streamanity. The two talked about technologies that could change the world. They discussed issues shaping the world today like-the media, Bitcoin, tech utopia vs dystopia, and even plugging into the Matrix!
You can catch a glimpse of how the internet evolved and how to make money with technology. All that plus Rushkoff’s take on the world today and what to expect from him in the future. You can watch all this, on Bitcoin powered Streamanity.
And look who’s talking Bitcoin now. Queen Elizabeth II received a blockchain journal in the mail. According to a letter from her office, the queen was interested to learn that the publication is the first open access blockchain research journal available both in print and online. The British Blockchain Association sent the journal to the queen. And according to them, a member of the royal palace office said, the queen very much appreciated the thoughtful gesture.
Back in May 2019, Prince Charles, the Prince of Wales and future King of England, also made a comment concerning Bitcoin. During a goodwill tour visit to Germany, he was heard saying, he thought that Bitcoin was a very interesting development. The word spread quickly and set the Internet abuzz.
New to Bitcoin? Check out CoinGeek’s Bitcoin for Beginners section, the ultimate resource guide to learn more about Bitcoin—as originally envisioned by Satoshi Nakamoto—and blockchain.