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0.000568350668647841 0.00250742942050516 -0.00520059435364044 9.2867756314923E-05 0.00111441307578 0.00780089153046052 0.00222882615156013 -0.00705794947994061
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Facebook-Backed Libra Cryptocurrency Project Is Scaled Back [The New York Times]

PayPal Holdings, Inc. (PYPL) 
Last paypal holdings, inc. earnings: 1/29 04:15 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.paypal-corp.com
OAKLAND, Calif. — When Facebookunveiled its Libra cryptocurrency projectBut on Thursday, Facebook and its partners rolled out a less ambitious design for Libra after the effort encountered numerous hurdles and heavy regulatory scrutiny.No longer is the group focused on making Libra the basis of a new global financial system where Facebook could essentially play the roles of a central bank and Wall Street.In a sign of the change, the Libra project will now be focused on creating a more traditional payment network in which coins will be tied to a local currency, somewhat like the digital dollars in a PayPal account. While Libra will also have a coin backed by multiple national currencies, which was the focus of the initial design documents, that will be less prominent.Members of the Libra Association, a Switzerland-based group that Facebook created to oversee the project, said the shifts were a response to a global outpouring of opposition to the cryptocurrency.: and BusinessSee more u Show less Read more
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