diem

Facebook-Backed Crypto Project Diem Moves to US, Unveils New Launch Plan

<div class=”featured_image_container”> </div> <strong>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.</strong> Facebook-Backed Stablecoin Has New Launch Plan The Diem Association announced Wednesday a partnership between Diem Networks U.S. and …

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Facebook-Backed Crypto Diem Updates Launch Plan — Will Take a ‘Phased Approach’

<div class=”featured_image_container”> </div> <strong>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.</strong> Diem Updates Launch Plan The Facebook-backed cryptocurrency “diem,” formerly called libra, is taking a …

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Diem co-creator leaving Facebook for Planet Labs

Kevin Weil, the vice president of product at Facebook’s digital wallet unit and one of the creators of the Libra token, now called Diem, will be leaving the social media giant. In a Twitter thread today, Weil said he would be leaving Facebook after almost three years to become the president of product and business …

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Many pieces of the Diem puzzle still missing as launch gets delayed

Back in June 2019, social media giant Facebook released the details for a much-talked-about digital currency platform dubbed “Libra.” These days, Libra is known as Diem, with the project undergoing a significant rebranding in a bid to smoothen regulatory wrinkles. A year and a half later, the Diem Association has yet to launch a digital …

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Meme pioneer launches NFT lolcats on OpenSea

The original “I Can Has Cheezburger?” meme has become the latest symbol of popular culture to be immortalized as an NFT. The meme’s creator, Eric Nakagawa, announced his foray into a series of lolcat NFTs on Feb. 23. “Happy Cat” — the crown jewel of Nakgawa’s NFT release — is being auctioned on NFT marketplace …

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

<div class=”featured_image_container”> </div> <strong>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, and Circle’s popular stablecoin.</strong> This week Mike Novogratz asked his …

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What Are Stablecoins?

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. Cryptocurrencies such as Bitcoin and Ethereum offer a number of benefits, and one of the most fundamental is not requiring trust in an intermediary institution to send payments, which …

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

A digital euro may still be far off but Bank of America is warning it could be bad news for the region’s banking industry if there is mass public acceptance.  In a Tuesday report, BofA analysts said digital euro accounts to individuals, if they are seen as a popular alternative, would cut into commercial bank …

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

Facebook has been hit with threats of legal action over its plan to rebrand the Libra stablecoin project to ‘Diem’ from a finance application of the same name. Facebook announced its plan to rebrand Libra on Dec. 1, with the firm claiming the new name would help the revamped project distance itself from the intense …

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

Asset Manager Vaneck Launches Physically-Backed Bitcoin Exchange-Traded Note On November 25, the asset manager Vaneck announced the launch of an exchange-traded product (ETP) called the “Vaneck Vector Bitcoin ETN.” The exchange-traded note is physically-backed by bitcoin and listed on the trading exchange Deutsche Böerse Xetra. The newly listed … read more. Major Australian Investment Firm …

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