Zuck Bucks: Meta attempts Diem 2.0?
Meta is allegedly hoping to launch virtual coins to be used on the platform. The move comes after the firm suffered a $230 billion or a 25% drop in the value of its stock in a single day in February.
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The CoinGeek Pulse Episode 75: Meta joins COPA, China pilots blockchain app, BSV Global Blockchain Convention in Dubai
BSV blockchain will be at the center of the first BSV Global Blockchain Convention. The three-day event will be held in Dubai from May 24 to 26 at the Grand Hyatt Hotel.
Facebook’s Diem to sell assets for $200M after botched stablecoin attempt
Diem is reportedly in talks with Silvergate Bank for the sale of the Diem project’s assets as it seeks to refund the early investors such as Coinbase and a16z.
US senators urge Facebook to discontinue digital currency pursuit amid Novi wallet launch
Five U.S. lawmakers wrote a letter to Zuckerberg urging him to discontinue the Novi and Diem ventures, stating that Facebook can’t be trusted to manage a digital currency.
Diem not impressing Washington even with rebranding efforts: report
Facebook has faced an uphill task bringing regulators onboard with its Diem payment system, even after pouring millions into lobbying and rebranding efforts.
Facebook Diem announces US stablecoin launch
The project, formerly known as Libra, had been envisaging a worldwide roll-out for its stablecoin, which it had planned would be pegged to a weighted basket of international currencies.
Facebook Diem set to launch pilot in 2021
Formerly known as Libra, the token is expected to be launched as part of a small test project in the coming month, during which time it will only be pegged to the value of the U.S. dollar.
UK government to focus on stablecoins first for regulation: minister
The stablecoins caused consternation in the U.K. when its launch was originally mooted back in 2019, in common with governments and central banks elsewhere in the world.
David Gerard: The birth pangs of Facebook’s crypto project
A staunch critic of Silicon Valley, writer and journalist David Gerard offers a stinging critique of Facebook’s cryptocurrency project.
The CoinGeek Pulse Episode 24: G7 on regulation, Diem faces new issues, Jimmy Nguyen talks to Fox Business
There has been no sign of slowing down for the digital currency industry as the recent G7 meeting concluded that world governments agree on digital assets regulations.
Facebook Libra rebrand draws legal and political ire
Facebook has been threatened with legal action after rebranding its Libra stablecoin to “Diem,” following objections from a finance startup with the same name.
Spotify to expand its digital currency footprint with new hire
The company is hiring a new payments head, with digital currencies, CBDCs and decentralized ledger technology among the areas of focus.