Daily Crunch: A closer look Facebook and Libra

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1. Libra currently looks more like a fiat currency than a cryptocurrency

Facebook unveiled a cryptocurrency called Libra yesterday. Romain Dillet looks at the company’s announcement and concludes that the current governance model and blockchain implementation seems closer to banks than bitcoin.

In other words, it looks like a blockchain but it’s not a real blockchain. It’s not truly decentralized.

2. Apple expands authorized repairs to ~1,000 Best Buy stores

In the past three years, Apple says it has expanded repair coverage to three times as many U.S. locations, thanks to…

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