Page 7 - Stephane Kasriel News Today

Death knell for Zuckerbergs dream of Diem cryptocurrency after regulators block it

A once-ambitious but now faltering Facebook-backed digital currency project known as Diem is dead, its assets sold to bank holding company Silvergate Capital

The end: Facebook-backed digital currency Diem sold to bank | 2022-02-02 05:09:09

The Facebook-backed Diem cryptocurrency project has shut down after federal regulators said that the project could not move ahead.

Assets of the cryptocurrency project, launched two-and-a-half years ago as Libra, are sold.

A once-ambitious but now faltering Facebook-backed digital currency project known as Diem is dead, its assets sold to bank holding company Silvergate Capital. Silvergate and the Diem Association announced the

A once-ambitious but now faltering Facebook-backed digital currency project known as Diem...

Assets of the cryptocurrency project, launched two-and-a-half years ago as Libra, are sold.

Confirming speculations, Meta is enabling P2P payments within WhatsApp through its digital wallet app, Novi.

Novi, the digital wallet created by Meta, is rolling out a pilot program in the U.S. to enable users to send and receive cryptos via WhatsApp, with no fees -- a bold step toward normalizing crypto use...