Facebook has faced an uphill task bringing regulators onboard with its Diem payment system, even after pouring millions into lobbying and rebranding efforts.
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.
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.
Platforms like Facebook and Twitter are free because they use consumers as the product, harvesting data and selling them for profit, Patrick Thompson writes.
The explosion of data sped up the transformation into a connected world as more information was available for collection and analysis than ever before, Jacob Rozen writes.
Innovation is thriving in Bitcoin SV but Charles Miller predicts that its successes will be by adding to the world we know, rather than by destroying it.
A staunch critic of Silicon Valley, writer and journalist David Gerard offers a stinging critique of Facebook’s cryptocurrency project.
Facebook has been threatened with legal action after rebranding its Libra stablecoin to “Diem,” following objections from a finance startup with the same name.
In this week’s Pulse episode, we have the latest in cyberspace and Queen’s Elizabeth’s reaction after getting a blockchain journal in the mail.
Facebook will be launching the first Libra-issued digital asset in early 2021, it will be a stablecoin backed 1 to 1 with the US dollar
South Korean authorities have been investigating Facebook since 2018 following the Cambridge Analytica scandal, according to reports.