Calibra Is Gone. Long Live...Novi?

Plus Polkadot goes live to Mainnet and India gets a whole lot friendlier for crypto

Happy Tuesday, Blockfolians

The Lede

When Facebook announced its Libra project, it also announced that it wasn’t really a Facebook project, and that in fact the team at Facebook building on Libra would have a different name…Calibra.

If this seemed extra special super duper confusing to you, turns out you weren’t the only one. Project lead David Marcus today announced a name change designed to make the separation between the larger Libra Association and the Facebook subsidiary building a wallet for it.

Facebook's Blockchain Wallet, Calibra, Rebrands to Novi, Ushering ...

Still, while the name may have changed, the goal of the project remains the same. What’s more, a number of recent high profile hires suggest that the company is more serious than ever in having a stake in the coming stablecoin and central bank digital currency battles.

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Highly Relevant Reading

  • Much anticipated Polkadot has gone live to mainnet

  • Bitwage rolls out the world’s first bitcoin 401(k) plan

  • India’s central bank has confirmed that banks can provide services to crypto companies

  • Speaking of India, Coinbase Ventures and Polychain have invested $2.5m into Indian crypto exchange CoinDCX


Community Commentary

This weekend, new broke that a miner signed a transaction on tokens that Craig Wright had previously claimed as his as part of his proof that he was Satoshi. The miner made it explicit that it was not, in fact the supposed Satoshi who had access to those coins. The community was impressively aligned.

A Really Big Number We Should Be Paying Attention To 

$212,000,000,000

That’s the amount settled on Tether in 2019. Impressive already, and likely to be smashed through in 2020.


Final Thought

Congrats on the milestone to one of the best podcasters in the space