Wall Street Breakfast: Key Moment In Crypto History

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It could amount to the biggest catalyst for digital assets in their decade-long existence. Facebook (NASDAQ:FB) has unveiled a consortium to create an open-source digital currency called Libra, set to launch in the first half of next year, which would allow consumers to send money around the world easily and for free. While Libra won't be run by Facebook - but rather by a nonprofit association and backed by relatively stable government money - the company does have a plan to profit from it with a new subsidiary, Calibra, which is building a digital wallet for storing and exchanging the currency. FB +2.5% premarket.

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