![]() ![]() … If not, we can apply the protocol to other things.” Compatibility “If it will go out, we will be a main player in the major financial infrastructure of the world. The upcoming Libracamp platform will connect Libra developers with mentors, grant opportunities and investors, offering a stronger “crowd-sourced” vibe than most accelerator programs. Self-taught crypto trader turned Libracamp co-founder Yonatan Ben Simon described his new startup as an “investment curation system” combining an incubator approach with hedge fund–esque capital pools. The founders are currently fundraising for a $1 million prize for the winning team as well as capital for a second cohort of the bootcamp in 2020. Libracamp’s five co-founders scrounged together $125,000 to divide among five chosen teams for the first bootcamp cohort in the fall. “Imagine there was an incubator that came to companies and helped them think about how to put their companies on iOS before the iPhone launched.” ![]() “We see this as the ‘iOS moment’ of digital assets and programmable money applications,” Weiss said. ![]() Related: Israeli Regulator to Fast Track 2,000 Fintech License Applications Libracamp co-founder Tomer Weiss told CoinDesk that Facebook’s Calibra team is in touch with the new startup, but not officially sponsoring this program. So far the newly established startup, Libracamp, has received more than 80 applications to participate in a virtual bootcamp for Libra developers starting in November. The Libracamp founders are currently fundraising for a $1 million prize for the winning team as well as capital for a second cohort of the bootcamp in 2020.Ī rag-tag team of Israeli entrepreneurs is looking to leverage Facebook’s cryptocurrency project for profits, even without the $10 million required to join the Libra Association. More than 80 projects have applied for the five spots in Libracamp’s initial virtual bootcamp, which starts in November.Įven though Facebook admitted in a recent SEC filing that regulatory pushback may prevent Libra from launching, Libracamp remains undaunted. 30, 2020.An Israeli startup called Libracamp is funding development on Facebook’s Libra testnet. this report by The Canadian Press was first published Oct. in the action on the basis it purportedly made risky transactions that exposed the investments to market fluctuations.Ī judge dismissed Asselin's application for the class action, but the decision was overturned by Quebec's Court of Appeal, prompting Desjardins to take its case to the Supreme Court. He also included Desjardins Global Asset Management Inc. In 2011, Asselin filed an application to pursue a class action against Desjardins Financial Services Firm Inc., alleging it misrepresented the risk involved with the investments. In March 2009, shortly after the major financial crisis that struck the global economy, Asselin was told the investments would not yield any return and would continue to be uncashable until the end of their terms. The Supreme Court of Canada says a class-action suit over personal investments can proceed against a Montreal-based financial services firm.īetween 20, Ronald Asselin purchased principal-protected term deposits from Caisse Desjardins that were not redeemable before maturity.
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