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Vale Diem: How Facebook’s ambitious stablecoin project came to an end

Post author:MiamiCrypto
Post published:February 2, 2022
Post category:Bitcoin Regulation Calibra Congress Europe European Union Facebook Libra Mark Zuckerberg Senate Stablecoin

It only took Libra/Diem two years to come full circle from publishing its white paper to falling apart.

Diem stablecoin co-founder praises Bitcoin for censorship resistance

Post author:MiamiCrypto
Post published:February 2, 2022
Post category:Censorship Decentralization Facebook Government Meta.Predictions Stablecoin

Meta’s Diem co-creator David Marcus said that he was a “big fan of Bitcoin,” calling it digital gold back in 2019.

Jack Dorsey: Diem was a waste of time, Meta should’ve focused on BTC

Post author:MiamiCrypto
Post published:February 2, 2022
Post category:Bitcoin Crypto Diem Facebook Jack Dorsey Michael Saylor MicroStrategy stablecoin project Twitter

Dorsey said that although Facebook probably started Diem for “the right reasons,” it should’ve used an open-ended protocol like Bitcoin rather than attempting to create its own currency.

Mark Zuckerberg’s stablecoin project Diem officially shuts down

Post author:MiamiCrypto
Post published:February 1, 2022
Post category:Facebook Libra Mark Zuckerberg Meta.Stablecoin United States

Meta has officially given up on its stablecoin project Diem after more than two years of efforts to launch the digital currency.

Zuck got PUNKed — new Metaverse-linked ETF shorts Meta shares in holdings

Post author:MiamiCrypto
Post published:January 27, 2022
Post category:Business ETF Facebook Investments Mark Zuckerberg Meta.Metaverse

“Facebook seems to be the antithesis of what actual consumers want their digital futures to look like,” said Subversive Capital Advisor founder Michael Auerbach.

Facebook Ditches Diem Stablecoin Plans in $200M Sale

Post author:MiamiCrypto
Post published:January 27, 2022
Post category:Business Diem Facebook Meta.Silvergate Capital Corp Stablecoin

Mark Zuckerberg’s Meta in Talks to Sell Assets in Crypto Project Diem: Report

Post author:MiamiCrypto
Post published:January 26, 2022
Post category:Facebook facebook cryptocurrency Facebook selling diem Facebook selling Libra Facebook stablecoin Libra Mark Zuckerberg Meta crypto meta cryptocurrency meta selling diem meta stablecoin Meta.Regulation Selling Libra

Meta, formerly Facebook, is reportedly in talks with investment bankers to sell its assets in the cryptocurrency project Diem, formerly Libra. The diem USD stablecoin was supposed to be issued…

Zuckerberg’s Diem reportedly weighing sale after stablecoin plans falter

Post author:MiamiCrypto
Post published:January 26, 2022
Post category:Crypto Diem Facebook Libra Mark Zuckerberg Meta.Stablecoin Zuckerberg

It looks like Meta is planning to jump ship, with inside sources saying that the crypto initiative is trying to sell its assets.

Myanmar Military Government Proposes to Jail Digital Currency and VPN Users

Post author:MiamiCrypto
Post published:January 25, 2022
Post category:Digital Currency Facebook human rights myanmar Regulation social media Soe Thein Twitter Virtual Private Networks (VPNs)

Myanmar’s military-ruled government is proposing to enact laws that will see users of virtual private networks (VPN) and digital currencies being jailed for up to three years. In addition, offenders…

Meta unveils Metaverse AI supercomputer, claims it will be world’s fastest

Post author:MiamiCrypto
Post published:January 25, 2022
Post category:Artificial Intelligence Facebook Meta.Metaverse Research SuperCluster RSC supercomputer

The social media giant said that the “AI Research SuperCluster” supercomputer is already operational, and it expects it will be fully completed around the middle of the year.