Zephyrnet Logo

Tag: Stuart Levey

The inside story of how Meta’s (Facebook) crypto hopes unraveled

A few weeks back, the news became public that Facebook stablecoin project Diem was finally shutting down.

The post The inside story of how Meta’s (Facebook) crypto hopes unraveled appeared first on CryptoSlate.

Top News

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.

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’s Diem Unveils Its Latest Stablecoin Plans and Strategic Move to the United States

Diem, the cryptocurrency project headed by Facebook originally known as Libra, recently announced its plans to launch a stablecoin with its focus scaled back to the United States.  The company stated earlier this year that it would be relocating its primary operations from Switzerland back to the United States, and would withdraw its payment system […]

Facebook Diem Association is relocating from Switzerland to the U.S.

The Diem Association, the entity handling Facebook’s stablecoin project, has announced a partnership with its subsidiary Diem Networks U.S. and Silvergate Capital Corporation. As a result of the partnership, Silvergate Bank will become the exclusive issuer of the Diem USD stablecoin, and the Diem Association will also move to the U.S. from Switzerland. The Diem […]

Diem Partnered With Silvergate To Launch A New Stablecoin In The US

Diem partnered with Silvergate, the California-state charted bank, in order to launch a new stablecoin in the US as we can see in our latest Diem news today. The facebook-backed crypto project, the Diem Association, partnered with crypto-friendly bank Silvergate to launch a new stablecoin project pegged to the United States dollar. Diem partnered with […]

Diem parters with Silvergate bank to launch stablecoin in the US

Facebook-initiated Diem Association announces a new model of its upcoming stablecoin that is set to be issued by California state-chartered bank Silvergate.

Facebook’s Diem Enters Crypto Space With Diem USD Stablecoin

There’s always a light at the end of the tunnel and so it has been for the Facebook Diem project, formerly Libra! On Wednesday, May 12, Facebook’s digital currency group Diem Association announced the launch of its USD-pegged stablecoin dubbed Diem USD. After going back and forth, facing major regulatory walls, making multiple tweaks. Facebook

The post Facebook’s Diem Enters Crypto Space With Diem USD Stablecoin appeared first on Coingape.

An analysis on Facebook backed cryptocurrency — Diem

The first coin is coming out later this year in the USA

Libra Association Rebrands as Diem Association

Taking the opportunity to seize a fresh start that comes with a new year, Facebook’s Libra Association has rebranded to Diem Association....

Libra’s Second Wind

After a number of heavyweight members jumped Libra’s embattled ship last October, following a series of regulatory blows for the digital currency project...

Former Obama Secretary of Treasury Appointed CEO of Libra Association

Facebook’s Libra Association, the group behind the cryptocurrency of its namesake, has just brought on Stuart Levey as a new CEO, according to...

Latest Intelligence

spot_img
spot_img