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Tag: Libra

Facebook’s DIEM Formerly Known as Libra Shuts Down Without Ever Launching

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.

META Shares Crash By 20% After Facebook’s Shift To Metaverse

META shares crash by 20% after Facebook decided to enter into the Metaverse and pause the pursuit of an immediate profit by building the metaverse so let’s read further in our latest cryptocurrency news. Judging by the drop in stock prices, the investors are not really convinced by Facebook’s plans to enter the metaverse. The […]

Meta drops crypto project Diem due to regulatory roadblocks

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

Silvergate Capital Purchases Diem Operations to Develop Own Stablecoin

diemSilvergate Capital, an investment firm that is the parent company of the Silvergate Bank, acquired the technology and assets of Diem, the formerly Facebook-backed stablecoin payment system. The payment totaled $182 million. The technology and assets acquired will reportedly be used for the launch of a Silvergate branded stablecoin. Silvergate Purchases Diem Operations Silvergate Capital, […]

Facebook Sold its Diem Cryptocurrency Project for $182 Million to Dive into Metaverse and NFT

On January 31, Meta, Facebook's parent company, announced that it had sold its cryptocurrency project Diem. It seems that this clears the way for their new NFT market.

Stablecoin News for the week ending Wednesday 2nd February.

Here is our pick of the 3 most important Stablecoin news stories during the week. Facebook exits the stablecoin business, or has it? This week the news was dominated by the news that Facebook has exited the stablecoin arena.  Or has it?    Certainly on the face of it (no pun intended) it looks like a clean […]

The post Stablecoin News for the week ending Wednesday 2nd February. appeared first on Daily Fintech.

CoinShares Data Shows Ethereum Sentiment Is Negative

February 1, 2022       /       Unchained Daily       /       Laura Shin Daily Bits ✍️✍️✍️ A US law that would enforce KYC rules on unhosted[...]

The post CoinShares Data Shows Ethereum Sentiment Is Negative appeared first on Unchained Podcast.

Zuckerberg Throws The Towel On Diem

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.

Facebook Fail!

Is it Libra or is it Diem, is it Facebook or is it Meta?  Hard to keep up with all the name and brand changes, but whatever way you look at it, the news just in about the sale to a US based VC called Silvergate for $200m represents a significant fail. To try and […]

The post Facebook Fail! appeared first on Daily Fintech.

Diem Is Dead, But Facebook Isn’t Done With Crypto

Two years and seven months after Facebook announced Libra, it's dead before it was ever born. But Meta isn't done with crypto.

Europe could lead the crypto regulatory race with MiCA

While cryptocurrency regulation has been a hot topic for quite a while, it wasn’t until last year that governments around the world began taking a bigger interest in regulating the booming crypto market.

The post Europe could lead the crypto regulatory race with MiCA appeared first on CryptoSlate.

Diem Will Sell Assets To Silvergate For $200 Million: Report

Diem will sell assets to Silvergate for $200 million which means that Facebook’s stablecoin project will wind down as we are reading more in today’s latest crypto news. The Diem Association will sell off its asset and an IP to Silvergate for about $200 million. Facebook launched the stablecoin project in 2019 as Libra. Facebook’s […]

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