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Diem parters with Silvergate bank to launch stablecoin in the US
13.5.2021
Facebook-initiated Diem Association announces a new model of its upcoming stablecoin that is set to be issued by California state-chartered bank Silvergate
Mark Zuckerberg’s Goat, “Bitcoin”, Ignites Conspiracy Theories
11.5.2021
Yesterday, Mark Zuckerberg, founder and CEO of Facebook, revealed he’d named one of his goats “Bitcoin”. This was seemingly an innocent announcement that, nonetheless, got the crypto sphere talking on what deeper meaning this might indicate. While some have rationalized this...
Facebook-Backed Crypto Diem Updates Launch Plan — Will Take a ‘Phased Approach’
21.4.2021
The cryptocurrency proposed by social media giant Facebook is gearing up to launch using a “phased approach,” its co-creator explains. The Diem Association, which oversees the crypto’s development, has been in talks with regulators to obtain a license. Diem Updates Launch Plan...
Diem co-creator leaving Facebook for Planet Labs
18.3.2021
Kevin Weil has previously said that the launch of the Facebook-backed stablecoin would be "a journey of years and decades."
Libra Co-Creator’s VC Firm Co-Leads $12M Round in ‘Decentralized GitHub’
18.2.2021
“Web 3 developers should be building on open protocols,” NFX General Partner Morgan Beller said of Radicle, a platform for crypto-native code collaboration
Diem gets closer to launch as Fireblocks and First introduce new payment infrastructure
16.2.2021
Fireblocks and First Digital Asset Group have developed a seamless connection to Diem, allowing financial institutions to access the emerging payment network. The platform is still awaiting regulatory approval before it can launch
Diem Stablecoin Prepares for Liftoff With Fireblocks Custody Partnership
16.2.2021
The rebranded Libra network aims to come out with an initial product around the end of this quarter, with help from Fireblocks and First Digital Assets
Libra Coin – A New Digital Currency Developed by FACEBOOK
10.2.2021
Libra, Let’s get started: Technology has improved the world around us, it is easy to send text, pictures and documents but why not money. What if we made the money truly global, stable, and secure. What if everyone has invited to … Continued
The post Libra Coin – A New Digital Currency...
BIS Chief Banker Criticizes Bitcoin as Inherently Risky, Says BTC Vulnerable to 51% Attack
29.1.2021
Bank for International Settlements (BIS) general manager Agustin Carstens has criticized bitcoin saying the asset was inherently risky and “increasingly vulnerable” to a 51% attack. A long time bitcoin (BTC) skeptic, Carstens stressed that only central banks should be issuing digital...
A Look at Facebook’s Diem Wallet- Token Sale Accepts 3 Cryptos, Strict KYC, Hefty Data Collection
29.1.2021
During the last two years, there’s been a lot of interest in Facebook’s cryptocurrency diem (formally libra) and rumors of a nearing launch date went viral last November. Now the social media giant is advertising the crypto asset’s pre-sale heavily on the platform, as people...
State-owned Chinese bank rolls out ATMs for digital yuan
11.1.2021
The Agricultural Bank of China has launched an ATM pilot program that enables citizens to convert cash and savings to and from the digital yuan
New name, old problems? Libra’s rebrand to Diem still faces challenges
31.12.2020
The Diem Association’s rebrand from Libra was supposed to herald a new day for the project, but a touted 2021 launch may not go as planned
What Are Stablecoins?
29.12.2020
A stablecoin is a type of cryptocurrency whose value is tied to an outside asset, such as the U.S. dollar or gold, to stabilize the price
With Bill Barr leaving the DoJ, what will the next Attorney General do about crypto?
15.12.2020
Attorney General William Barr tendered his resignation to President Trump last night, opening up the conversation as to how a Biden-appointed successor will handle crypto
China has no plan to replace USD with digital yuan, former PBoC head says
14.12.2020
A former PBoC official says that his country has taken a cautious approach with the digital yuan
FTC sues Facebook in antitrust lawsuit as regulators mount offensive
10.12.2020
Regulators around the globe are increasingly turning hostile to the social media behemoth
Hundreds of millions of consumers will use digital currencies soon: Circle CEO
9.12.2020
Executives from Facebook’s ‘Diem’ Association, Circle, Soramitsu, and Coinbase discussed how and when digital currencies will go mainstream, at the Singapore Fintech Festival
G7 Central Bankers Stress the Need to Regulate Cryptocurrencies at Latest Meeting
8.12.2020
The G7 finance ministers and central bank governors discussed the need to regulate cryptocurrencies during their latest meeting. German Finance Minister Olaf Scholz raised concerns about Facebook’s upcoming cryptocurrency. G7 Sees the Need to Regulate Crypto U.S. Treasury Secretary Steven...
Facebook’s Libra Rebrand Hits Another Name-Change Snag as UK Diem Lawyers up
8.12.2020
Facebook’s latest efforts to rebrand its Libra stablecoin project, recently renamed Diem, appear to have hit the rocks – again – with a British fintech firm of the same name preparing legal action.
The Libra Association, the project’s governing body, recently stated that it was renaming itself...
Facebook hopes to launch its crypto and wallet in 2021, top exec says
8.12.2020
The social media giant has rebranded in hopes of scoring regulatory approval