Singapore’s state investor, Temasek Holdings has officially been named a member of the Facebook-backed digital currency project Libra. Temasek as a portfolio value of 313 billion Singapore dollars (roughly $219 billion), making it one of the more prominent backers of Libra.      The Libra Association, an independent group based in Switzerland has also welcomed crypto investor Paradigm and Slow Ventures, a private equity firm.    Facebook, the company behind Libra, announced the digital currency initiative in 2018, which took the world by storm with its controversial project. With the ICO bubble having expanded exponentially in 2017, the public started to become aware of cryptocurrencies. Digital currency and cryptocurrency were still seen in the light of being scandalous, illicit, and unf...

Visa applied for a new patent application to create a blockchain-based digital currency on a centralized computer, according to a publication by the US Patent and Trademark Office (USPTO).     The patent was originally filed in November 2019, and was described as “Digital Fiat Currency.” The US dollar was mentioned as one of the fiat currencies to be used potentially, although the patent could also apply to other central bank digital currencies including the pound, yen, and the euro.    Filed by Simon J. Hurry and Alexander Pierre with the Visa International Service Association, the application noted that Ethereum could be used as a possible network for the digital currency.   The central entity computer described in the patent will receive requests with details including the serial numbe...

China’s top digital bank WeBank has announced its partnership with Singaporean government-backed OpenNodes. This partnership will allow China’s FISCO BCOS blockchain platform to be brought to Singaporean academics for innovation and new initiatives. FISCO BCOS was deemed to be China’s version of Hyperledger Fabric when it was launched in 2018.      The Financial Blockchain Shenzhen Consortium (FISCO) is backed by more than 100 Chinese organizations, including Huawei, Tencent, JD Finance, and WeBank, which is partly backed by Tencent. Developed by FISCO, the enterprise blockchain protocol was the first blockchain to be supported by China’s Blockchain Service Network.   WeBank’s executive vice president and Chief Information Officer, Henry Ma said, “We seek to spur the next-generation talen...

Sunday’s episode of the Showtime series Billions featured a cryptocurrency mining scheme being executed in a prep school. The Bitcoin focused episode was written by Ben Mezrich, who also wrote the book Bitcoin Billionaires which tells the story of the Winklevoss twins, the venture capitalist’s behind the Gemini crypto exchange who are reported to own about 1% of Bitcoin’s total supply between them. Mezrich teased the episode on Twitter: Billions this Sunday night... I’m not sayin’ there’s definitely gonna be some Bitcoin... I’m just saying I did happen to write the episode...I mean, just sayin’... — Ben Mezrich (@benmezrich) May 14, 2020 Beg, Bribe, Bully The episode entitled “Beg, Bribe, Bully” told the story of Gordie Axelrod, son of the shows main character Bobby Axelrod. Gor...