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Diem

Facebook’s Diem to sell assets for $200M after botched stablecoin attempt
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31 January, 2022

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...
US senators urge Facebook to discontinue digital currency pursuit amid Novi wallet launch
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22 October, 2021

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...
Diem not impressing Washington even with rebranding efforts: report
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14 September, 2021

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...
Facebook Diem announces US stablecoin launch
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20 May, 2021

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...
Facebook Diem set to launch pilot in 2021
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23 April, 2021

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...
UK government to focus on stablecoins first for regulation: minister
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6 April, 2021

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...
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