Facebooks Calibra cryptocurrency wallet already has competition

first_img Comments Mobile Tech Industry Share your voice 3 Tags Facebook plans to launch a new cryptocurrency called Libra in the first half of 2020.  Thomas Trutschel/Getty Images Facebook doesn’t plan to launch its new Libra cryptocurrency and a complementary digital wallet until 2020. But that hasn’t stopped some startups from throwing their hats in the ring early. On Sunday, Israeli developer ZenGo said a cryptocurrency wallet it rolled out earlier this year will begin supporting Libra. Since Facebook and its 27 partners haven’t launched the cryptocurrency, ZenGo is letting users store a test version. The test Libra funds, unlike the version that’s coming, don’t have any real monetary value.libraZenGo is letting users experiment with a test version of a new cryptocurrency, called Libra, that’s expected to launch in 2020.  ZenGo “Getting to know it early might spark some new ideas and give you a head start for when Libra becomes truly operational,” ZenGo said in a blog post. You can experiment with Libra by going to your account tab in the ZenGo app, which is currently available for iPhone users. The wallet also lets you buy Bitcoin, Ethereum and Binance Coin with your credit card or Apple Pay. Since Facebook announced Libra, the company has faced pushback from US lawmakers who are concerned that the cryptocurrency will be abused by criminals and negatively impact the US dollar. Facebook’s blockchain boss, David Marcus, said in a congressional hearing last month that the social network wouldn’t launch Libra until the company has addressed all concerns, but he stopped short of agreeing to a moratorium. Facebook took the wraps off Libra in June. Unlike many other cryptocurrencies, Libra will be pegged to a basket of assets that anchor its value, so that value won’t swing wildly. The Libra Association that’ll manage the currency hasn’t said what those assets will be, but it suggested they’d include major global currencies, like the dollar and the euro. The proposed crypto has been met with a chilly response from regulators and politicians around the world.ZenGo will compete with a digital wallet called Calibra that Facebook plans to introduce in 2020. The social network, though, has the advantage of already having 2.4 billion monthly active users. You’ll be able to download the Calibra app onto your iPhone or Android device, or add the wallet into the messaging apps Messenger or WhatsApp once it’s released. The Calibra wallet will also work with other wallets that accept Libra. Users need to verify their identity by uploading an ID such as a driver’s license.ZenGo, which plans to release an app for Android phones, said that users can create their digital wallet by downloading the app and providing their email. You also don’t need a private key, and ZenGo users scan their face to backup their wallet. ZenGo said it’s a “noncustodial” wallet for Libra, which means you have full control over your funds instead of having to rely on a third-party. Facebooklast_img read more

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Khaledas adviser Taimur arrested

first_imgTaimur Alam KhandakerTaimur Alam Khandaker, adviser to BNP chairperson Khaleda Zia, was arrested in Narayanganj on Tuesday in an explosives case.Narayanganj police arrested Taimur from Chandmari area of the district around 11:15am.Motiar Rahman, additional police superintendent of Naraynganj, said a case against Taimur had been filed with Narayanganj Model Police Station on 5 January 2015 for his involvement in a bomb blast and vandalisation.An arrest warrant was issued against him long ago, Motiar added.Taimur was the former president of district Bangladesh Nationalist Party (BNP).last_img read more

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ANALYSIS The Biggest Threat To Texas Republicans Texas Republicans

first_img Share It might not work in mailers from Republican senators like Cruz, but Abbott’s works — and those of the state’s lieutenant governor — are pretty good evidence that some of the folks at the Texas GOP’s family reunion would like to throw out some of their political kin.Susanna Dokupil, an assistant solicitor general when Abbott was the state’s attorney general, will have the governor’s support — for what that’s worth — against Davis in the Republican primaries. What that is worth depends on the governor himself. Two Republican incumbents — Doug Miller of New Braunfels and Wayne Smith of Bay City — lost their runoffs in 2016 in spite of Abbott’s endorsements. His name alone was not enough to save them. But the governor, who has a huge campaign account and no formidable opposition in his own bid for reelection, could bring heavy artillery to back up his choices in legislative races.There’s a tie here to one of Abbott’s perennial “emergency issues” for the Legislature: His call for ethics reform. He seems more interested in it for other officeholders than himself. The governor’s office bristled — governors have minions to do that for them — earlier this year when the House overwhelmingly supported a bill that would have barred big donors to governors from gubernatorial appointments to state boards and commissions. Some lawmakers believe that’s a little too blatant a case of quid pro quo. For this governor and his predecessors, fancy seats for big givers is simply the way things are done.Davis wasn’t the author of that gem — state Rep. Lyle Larson was. He might be on Abbott’s hit list before this is over. But Davis was part of the club, and one of the noisiest critics when Abbott didn’t put ethics reform, an issue he declared an “emergency” earlier this year and two years ago in his first session as governor, on the list of 20 things he wanted done during the summer’s special session.If the governor is successful, Davis won’t be one of the thorns in his paw for much longer. It would tell the surviving members of the Legislature that crossing the governor has real costs. It would tell members of the more conservative Senate that the governor is on their side of the bubbling Senate v. House turbulence that colored this year’s legislative debates.It also puts the governor’s thumb into the race for speaker of the House. Joe Straus, the current speaker, is leaving. The people elected to the House in 2018 — a group that will include Davis or Dokupil or a Democrat who beats the Republican nominee — will select the next speaker. Abbott evidently wants more people in that chamber that vote like the state’s conservative senators, and picking off the least-conservative members of the House is a way to move things in that direction. Abbott isn’t the Texas GOP’s only cannibal. Lt. Gov. Dan Patrick’s campaign consigliere, Allan Blakemore, has signed on to run a challenge to state Sen. Kel Seliger, an Amarillo Republican who doesn’t always toe the movement conservative line favored by Patrick.The two leaders are trying some political behavior modification on their own party. They can’t kill many more Democrats, but the Republican-drawn House and Senate political maps have minimized the danger from the minority party. They’re trying to straighten their own ranks, to remove obstacles within their own party that have successfully blocked or slowed their agendas.And they’re betting Republican primary voters are with them. Davis answered Abbott’s endorsement of her challenger with a cautionary note, noting Hillary Clinton’s 15-point advantage over Donald Trump in her district and pointing to that as evidence that a moderate Republican is what her voters want. Electing a more conservative Republican in the March primary, she said, risks a Democrat winning the seat in November.They can’t all be right. Marjorie Kamys CoteraRep. Sarah Davis R-West University Place, speaks to media regarding her request to add ethics reform to the special session on Aug. 2, 2017The Republican big tent shares a risk with big family reunions; everybody shows up, and the name is sometimes the only thing they have in common.In the latest installment of the GOP’s family feud, Gov. Greg Abbott, a Republican whose own state representative is a Democrat, came out against a Republican Houston incumbent this week by backing the GOP challenger to state Rep. Sarah Davis in the lead-up to next year’s March 6 primary.This is a big deal. Texas governors generally don’t endorse against incumbents, never mind endorsing against incumbents in their own party. Sure, this is politics and politics ain’t beanbag and all that. But this puts a sort of official stamp on a split in the GOP that so many Republicans won’t even acknowledge.In a recent email to supporters, U.S. Sen. Ted Cruz nodded to that, saying, “The media continues to pit Republicans against each other in squabble after squabble …” But here’s Abbott putting a squabble on his list of things to do in the next four months. He’s not done, either: Aides told The Texas Tribune’s Patrick Svitek that he’s likely to add more Republican incumbents to the list.last_img read more

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