Tag: libra

Jul 04 2022

Novi Wallet Closure Ends Meta’s Digital Dreams

Reading Time: 2 minutes Meta’s Novi wallet will shut down 15 months after it was announced The crypto wallet was the only horse left in Meta’s crypto stable after its sale of Diem in January The Whatsapp pilot will end in September, when the project will be wound down...

Apr 07 2022

Zuck What? Meta Is Reportedly Planning To Create A Digital Token Nicknamed After Its CEO

Apr 07 2022 Published at Bitcoinist.com under tags  bitcoin companies crypto news libra meta

Meta Platforms is preparing to integrate cryptocurrencies into its family of apps, with the goal of using them to reward creators and to facilitate lending and other financial activities. The Financial Times reported on Wednesday that Meta is considering creating "Zuck Bucks," a virtual currency that consumers can use across its apps, as the British lender expands its presence in the $800 billion...

Feb 07 2022

Jack Dorsey Deems Diem Project A Waste Of Time, Suggests Meta To Focus On Bitcoin

Jack Dorsey, the founder of Twitter, recently said that the project is a complete waste of effort and time. Dorey stated that such actions should have been directed positively by using Bitcoin, ensuring increased accessibility for everybody. As the popularity of cryptocurrency increased, the crypto space also brought many advancement opportunities for...

Feb 02 2022

Meta Shuts Down Diem Stablecoin Project, Sells IP and Assets for $182M to Silvergate

The Diem stablecoin project, formerly known as Libra, has come to an end. Meta has sold Diem’s intellectual property (IP) and assets to a cryptocurrency- focused bank Silvergate, per Monday’s announcement.

Jack Dorsey: “Ton of Lessons” to be Learned Over Diem

Reading Time: 2 minutes Block CEO Jack Dorsey has said that Meta’s Diem project was “wasted time and effort” Dorsey told Michael Saylor that the company should have worked on expanding Bitcoin instead Diem is being sold off after two years of development Block...

Saylor & Dorsey At “Bitcoin for Corporations,” What Did We Learn?

Since he left Twitter, Jack Dorsey looks like a new man. A man on a mission without the constraints a billion-dollar business put around your neck. The key-note for MicroStrategy’s “Bitcoin for Corporations”...

Feb 01 2022

Silvergate Bank Is Buying Assets of Diem for $182 Million

Facebook-led stablecoin consortium, the Diem Association has confirmed on Monday that it is selling its assets to Silvergate Bank, thus making an exit from the ambitious cryptocurrency project.

Jan 28 2022

Silvergate Capital to Buy Diem From Meta for $200 Million?

Reading Time: 2 minutes Meta could be on the verge of selling Diem to Silvergate Capital The crypto bank is thought to be close to issuing the stablecoins created by Diem The sale would mark the end of Meta’s failed attempt that started back in 2019 Silvergate...

Jan 26 2022

Mark Zuckerberg And Co. Consider Selling Diem / Libra, Their Stablecoin Project

Another one bites the dust. The Diem project is dead, according to Bloomberg. The report comes from anonymous sources and does its best not to assure anything. However, considering the project’s head David...

Meta Considering Diem Sale?

Reading Time: 2 minutes Meta is considering selling Diem, according to insiders Bloomberg spoke to individuals on the inside who said that Meta is discussing how to sell Diem’s intellectual property Diem was announced as Libra back in 2019, but the project has...

Facebook Is Putting an End to Stablecoin Project Diem

. Facebook-led cryptocurrency project, Diem, is dismantling itself due to excessive regulatory pressure and is looking for buyers of its assets, Bloomberg reported on Wednesday.

Dec 10 2021

Novi Announces WhatsApp Crypto Payment Integration

Reading Time: 2 minutesNovi is trailing integration with WhatsApp, allowing users to send money as easily as messages The system involves sending USDP across Novi’s network The trial is the first step towards realization of a dream that began with Libra back in 2019 Novi, the...

Dec 02 2021

Facebook (Meta) Removes It’s Ban Of Crypto Ads

Crypto advertising on social media has been a hot topic throughout the year. We've covered much of the back and forth both at Bitcoinist and over at our sister network NewsBTC over the years. A prime example of this occurred in recent months Google shifted their cryptocurrency ad policy, in what seemed to show a slight increase in favorability when it comes...

Dec 01 2021

David Marcus To Leave Meta and Novi Project

Reading Time: 2 minutes David Marcus, the head of Meta’s cryptocurrency project, has announced that he will leave the company Marcus has been overseeing Meta’s blockchain division since May 2018 Marcus is leaving to pursue other projects having spend large swathes of...

Oct 21 2021

Diem Association: “We’re Not Facebook”

Reading Time: 2 minutes The Diem Association has hit back at criticism aimed at it over Facebook’s Novi wallet pilot The group made it clear that the Novi pilot was “unrelated to Diem” Facebook announced the Novi pilot on Tuesday The Diem Association, the...

Oct 20 2021

Facebook Novi Wallet Meets Opposition From Lawmakers

Reading Time: 2 minutes Facebook has launched a pilot of its Novi cryptocurrency wallet The Novi pilot will not feature the Diem cryptocurrency Democratic lawmakers have demanded that Facebook pull the pilot and stop working on Diem Facebook’s attempts to launch...

Sep 09 2021

Polkadot Blockchain Recruits Former Facebook-Backed Diem’s COO

The former chief operating officer of Facebook’s Diem stablecoin project, Bertrand Perez, is joining the Web3 Foundation and Polkadot blockchain as chief operating officer (COO). Before coming to the Polkadot blockchain, Bertrand Perez was a part of Diem (formerly Libra) as chief operating officer for the past two years. During his time with Diem, Perez held two positions: one as managing...

May 13 2021

After a Successful Pilot in Hong Kong, Tests of China’s Digital Yuan to Expand

Implementation of the digital yuan could significantly reduce the cost of cross-border transactions.

Diem Association Announces USD Stablecoin Partner

Reading Time: 2 minutes Diem has taken a step towards launching a U.S. stablecoin by announcing an issuing partner U.S.-based crypto bank Silvergate will issue the token and manage the reserves Diem rebranded from Libra, with Facebook’s former crypto project splitting...

Facebook-Backed Diem to Launch USD Stablecoin with Silvergate Bank

The non-profit has moved its ‘main operations’ from Switzerland to the US.

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