The FTX collapse has accelerated lay-offs as the sector struggles to weather the incessant turmoil. Crypto-focused bank – Silvergate Capital – has become the...

Former employees of the defunct Diem (or Meta) platform have secured $200 million from venture capital firms to launch their version of the Diem project. [...]

After failing to succeed as Libra and Diem, some of the ex-developers announced plans to relaunch and rename the project Aptos.

It seems regulators will not leave Meta, the parent company behind Facebook and Instagram, alone, even after the company abandoned its cryptocurrency projects. The new regulations drafted in the UK will target Metaverse developments.

The co-founder of Twitter, and the current CEO of Block, has praised Bitcoin and explained its role in the universal basic income (UBI). Dorsey, a [...]

Libra was set to launch within less than a year after the announcement but it was postponed several times; then two and a half years later Libra was rebranded as Diem.

The post Facebook’s DIEM Formerly Known as Libra Shuts Down Without Ever Launching appeared first on BitPinas.

Jack Dorsey, the CEO of Block Inc, formerly Square Inc, tells Mark Zuckerberg he should have focussed his efforts on Bitcoin instead.

The post Jack Dorsey tells Mark Zuckerberg he should have built around Bitcoin appeared first on CryptoSlate.

The Diem Association has sold its intellectual property and tech assets to Silvergate Capital in a $182m deal.

Meta has officially scrapped its cryptocurrency plans, after multiple attempts to launch the stablecoin Diem failed. 1/7 From the statement by the CEO Stuart Levey on the sale of the Diem group's assets to Silvergate — “From the outset, the Diem project has been focused on leveraging the benefits of blockchain technology to design a […]

The post Zuckerberg Throws The Towel On Diem appeared first on CryptoCoin.News.

The MIT Cryptoeconomics Lab was founded by Catalini. Celsius has announced that it would integrate Chainlink Proof of Reserve (PoR).

The post has appeared first on thenewscrypto.com

Facebook founder Mark Zuckerberg’s ambitious program to create his own cryptocurrency is falling apart amid rising tension from regulators. According to a Bloomberg report released Wednesday, the Diem Association, which manages the expansion of the Diem digital currency, is contemplating a sale of its assets to return money to its investors. The report adds Diem

The post Facebook’s Bumbling Crypto Venture Diem to Wind Down, Sell Assets appeared first on CoinGape.