Leaving Libra

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January 21, 2019 VODAFONE'S EXIT: Vodafone is the eighth company to pull out of the Libra Association, the governing council for the Facebook-created global digital currency initiative. The telecommunications giant will now dedicate resources set aside for Libra to M-Pesa, an African digital payment service. Full story CBDC STUDY: Six central banks including Sweden, Canada, Switzerland, the U.K. and Japan, as well as the European Central Bank (ECB), have formed a working group with the Bank of International Settlements (BIS) to share findings as each investigates potential cases for central bank digital currencies (CBDCs). Full story CLEAN BREAK: DigixDAO investors have voted to liquidate its $64 million treasury, after Digix CEO Kai Cheng Chng floated the idea this winter. "One recurring comment was for a mechanism for dissatisfied DGD token holders to make a clean break from DigixDAO,” he wrote in a blog post. The decentralized autonomous organization will return 0.19 ETH per DGD token to holders. Full story DIGITAL FENCE: The Reserve Bank of India (RBI) admitted to "ringfencing" financial institutions from dealing with cryptocurrencies. In an affidavit, the RBI said it has “not prohibited VCs (virtual currencies) in the country,” though it has prevented its regulated counterparties from providing “services to those persons or entities dealing in or settling VCs.” Full story CANADA CHAIN: The Canadian government awarded enterprise blockchain startup Mavennet a CD$169,427 contract to develop an on-chain steel-tracking platform. The funds will support R&D behind a blockchain prototype that will track and share real-time data across the Canadian steel industry. Full story HEADED TO DAVOS? CoinDesk is sending a team of journalists to scrutinize the global elite as it meets for the annual World Economic Forum. It will be Davos, but through a lens of crypto and blockchain. Our daily dispatches will tell you what sessions you should attend, what you missed yesterday (or last night) and prep you for what people are talking about on the Promenade today. The CoinDesk Confidential newsletter will run for five days only, so be sure to sign up now. Subscribe here FIVE FIGURES? A widely tracked bitcoin price indicator is about to flash a bullish signal for the first time in five months. The moving average convergence divergence (MACD) histogram looks set to cross above zero, raising the case for a rally to $10,000 over the next few weeks. Full story DECLINING INVESTMENTS: On today’s Markets Daily podcast, Adam B Levine and Brad Keoun break down some of the biggest news stories coming out of Asia, including a report showing Chinese investment in blockchain projects is down 41 percent from 2018 and South Korea’s decision to simplify its crypto tax policies. Listen in WHO WON #CRYPTOTWITTER   Copyright © 2020 CoinDesk, All rights reserved.  Our mailing address is:  250 Park Avenue South New York, NY, 10003, US  Want to change how you receive these emails? You can update your preferences or unsubscribe from this list