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Zuckerberg's Diem reportedly weighing sale after stablecoin plans falter
26.1.2022
It looks like Meta is planning to jump ship, with inside sources saying that the crypto initiative is trying to sell its assets
Meta's head of crypto to step down at end of year
1.12.2021
In explaining his decision to leave Meta, David Marcus said that his entrepreneurial DNA had been nudging him “for too many mornings in a row to continue ignoring.”
Diem tells Senators on the warpath over Novi: We're not actually Facebook
21.10.2021
In response to a letter from the U.S. calling on Facebook to halt its stablecoin and crypto wallet projects, Diem stated that it “is not Facebook. We are an independent organization”
US Senators Urge Facebook to Discontinue Crypto Wallet Pilot Citing ‘Insufficient’ Ability to Keep Consumers Safe
21.10.2021
A group of U.S. senators has asked Facebook CEO Mark Zuckerberg to discontinue his company’s crypto wallet pilot and commit to not bringing the cryptocurrency Diem to market. “Facebook cannot be trusted to manage a payment system or digital currency when its existing ability to manage...
Facebook’s Novi Launches Pilot Program in Guatemala and US Using Pax Dollar
20.10.2021
Novi, Facebook’s digital wallet, will launch a pilot program to test the functionality of the service in two countries: Guatemala and the U.S. The test will allow Novi to test all of its main functions and to evaluate what things need to be improved before launch. Novi will use pax dollars...
Senators pressure Facebook to 'immediately discontinue' Novi wallet pilot
20.10.2021
Facebook’s crypto wallet has been shot down by banking committee senators just hours after it launched a pilot
Diem struggling to win over officials in Washington despite rebranding efforts
10.9.2021
Diem’s push to launch stablecoins and a global payment system might suffer from the seemingly brewing anti-crypto sentiment among key U.S. policymakers
Future of Digital Euro ‘Not Clear Yet,’ Former Eurogroup Official Says
22.7.2021
Europe’s digital currency project has made some progress recently, with the Eurozone’s central bank moving to its next stage. Critics point, however, to the continuing lack of clarity around the design and purpose of the digital euro after a decade-long delay, if cryptocurrency is taken...
Dapp for Diem blockchain partners with Polkadot infrastructure provider
16.7.2021
Pontem founder Boris Povod said the partnership was aimed at improving Polkadot’s current node infrastructure, with Pinknode providing “reliable and secure API endpoints.”
Stablecoin growth could affect credit markets, rating agency warns
5.7.2021
Fitch notes potential asset contagion risks posed by stablecoins could lead to tighter regulations for the industry
Privacy Is Key for Successful Digital Euro, Data Protection Body Says
22.6.2021
The European Data Protection Board (EDPB) has issued a call for EU institutions to uphold privacy when designing a digital version of the euro. The agency is ready to provide advice on data protection matters surrounding the project. Meanwhile, an ECB executive has vowed that the digital euro will...
Facebook’s David Marcus: China’s Bitcoin Mining Crackdown ‘Great Development’ for BTC
22.6.2021
David Marcus, head of Facebook Financial (F2) who is in charge of crypto project Diem, formerly Libra, believes that the Chinese government cracking down on bitcoin mining is “a great development” for the cryptocurrency. Many people in the crypto space agree with him. Facebook’s...
Facebook-Backed Crypto Project Diem Moves to US, Unveils New Launch Plan
13.5.2021
Facebook-backed cryptocurrency project Diem, formerly Libra, is moving from Switzerland to the U.S. In collaboration with Silvergate Bank, the association, which oversees the development of the diem cryptocurrency, has unveiled a new launch plan. Facebook-Backed Stablecoin Has New Launch Plan...
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."
Many pieces of the Diem puzzle still missing as launch gets delayed
26.2.2021
Besides securing approval from Swiss regulators, Diem seems likely to face opposition from government regulators in many countries
Meme pioneer launches NFT lolcats on OpenSea
25.2.2021
Meme master ‘Cheezburger’ is releasing a series of NFTs based on his website’s famous captioned ‘lolcat’ photos
ECB wants final say on the legal status of private stablecoins in the EU
23.2.2021
The European Central Bank has demanded veto power from lawmakers in the European Union over private stablecoin projects like Diem
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