Meta’s cryptocurrency ploy all but dead with Libra/Diem seeking to sell assets

Enlarge / With an image of Federal Reserve Bank Chairman Jerome Powell on a screen in the background, Facebook/Meta co-founder and CEO Mark Zuckerberg testifies before the House Financial Services Committee on October 23, 2019, in Washington, DC. (credit: Chip Somodevilla/Getty Images) After years of effort, Meta’s cryptocurrency initiative has collapsed under the weight of […]


Facebook-backed Libra Institution changes its Title into Diem

Libra Association, that a cryptocurrency job initiated by Facebook that attracted regulatory blowback globally, is expecting that a new name provides a new opportunity to win more than authorities and get a foothold in the emerging marketplace. The team will then be called Diem Association, known for the term”day” from Latin, using its subsidiary Diem […]


Facebook’s Libra Money to Start next year in Restricted format

Expand (charge: NurPhoto | Getty Images) The Facebook-led digital money Libra is still preparing to start as soon as January, according to three people involved with the initiative, however, at a much more restricted arrangement than its {} . The 27-strong Libra Association stated in April it had intended to establish electronic versions of many […]