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Nalezeno "Diem": 58

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...

Bitcoin Now Larger Than Facebook’s Market Cap — ‘Money Network More Valuable Than Social Network’

8.1.2021
The surge in bitcoin’s price on Friday has propelled the cryptocurrency past Facebook’s market cap. Next, bitcoin stands to flip Tesla, Google, Amazon, Microsoft, and then Apple. Bitcoin Surpasses Facebook in Market Cap Bitcoin’s frequent rise past all-time highs this week...

9 Trillion vs. 100 Trillion: Billionaire Mike Novogratz Asks Which Cryptocurrency Will Win the Payments Race

2.1.2021
On December 31, billionaire investor Mike Novogratz asked his Twitter followers which blockchain coin has the best chance of winning the payments race and offered four choices. Novogratz said there are lots of “contenders” and listed off Facebook’s diem, tether, bitcoin cash,...

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

IMF Cautions Central Banks May Have to Rethink What Constitutes Reserves

18.12.2020
The IMF warns that central banks may have to rethink what constitutes their reserve currency holdings. In a recent study, the global lender points to the changing geopolitical landscape, technological advances and the impact of the Covid-19 pandemic as events likely to influence the composition...

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

Mass Adoption of a Digital Euro Could Be a ‘Clear Negative’ for Europe’s Banks: BofA

9.12.2020
A Bank of America report on a possible mass-adopted digital euro noted that such movement could spell difficulty for commercial banks that could see some of their deposits migrate to the European Central Bank

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...

Carpe 'Diem': Lawsuit threatened over Facebook’s Libra rebrand plan

8.12.2020
Facebook’s plan to rebrand its stablecoin project from Libra to Diem has been met with legal threats from a small European start-up of the same name

Rebranded Libra Still a ‘Wolf in Sheep’s Clothing’: German Finance Minister

7.12.2020
German Finance Minister Olaf Scholz took aim at the rebranded lDiem and said it would take more than cosmetic changes to smoothen regulatory concerns

German government unimpressed by Facebook stablecoin's rebrand

7.12.2020
German finance minister says “A wolf in sheep's clothing is still a wolf.”

Testnet of Facebook’s Much Vaunted Stablecoin Only Executes 6 Transactions per Second

5.12.2020
The Facebook fronted stablecoin, Diem (formerly Libra)’s dismal testnet results undercut the assertion that the digital currency is a threat to global financial stability. This is the conclusion that can be deduced from a Diem blockchain explorer update which shows the network only processes...