DAILY CRYPTO NEWS AND TOP CRYPTO EVENTS for 27th May 2020
Top Crypto Events Planned for Tomorrow
1 - Cardano (ADA): Live Product Team Update
Upcoming Thursday May 28th, the brand new #IOHK #Cardano Product Team’s Monthly Development Update will be held.
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2 - VITE (VITE): Mainnet 4th Hard Fork
Vite Mainnet is having a 4th hard fork, named MARS, at 4 AM (UTC+0) on May 27, 2020.
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Some World Crypto News
1- Switzerland’s government has rejected a 100 million franc ($103 million) bailout for local cryptocurrency companies battered by the coronavirus economy.
Zug finance director Heinz Taennler requested the special funding package in April. He planned to issue out loans to startups, which could be converted into shares.
The central government had already unveiled a $158.6 million credit facility for all fintech startups, but Taennler felt that won’t be enough for the cryptocurrency sector’s ambitious financing needs.
2 - Today Facebook announced its Libra wallet subsidiary Calibra is rebranding as Novi Financial. Novi Financial’s first product will be the Novi digital wallet designed for Libra, and will be available as a standalone app, as well as an embedded app within Facebook’s Messenger and WhatsApp. According to the press release, the app will feature government-issued ID verification and fraud protection systems, and Novi plans to roll out an early version of the wallet when the Libra network launches. At launch the wallet will be available in “an initial set of countries, with features that will make cross-border money transfers instant, secure, and with no hidden fees.”
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