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Page 29 - சுவிஸ் நிதி சந்தை மேற்பார்வை அதிகாரம் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

With New Crypto Developments, Facebook Can Be a Force for Good

With New Crypto Developments, Facebook Can Be a Force for Good InvestorPlace 12/10/2020 No stranger to controversy, Facebook (NASDAQ: FB) has garnered some less-than-stellar headlines. This time, though, it wasn’t the company’s take on censorship that put it in hot water. Instead, the focus has been on Diem, the social media giant’s cryptocurrency formerly known as Libra. But are these latest rumblings enough to dissuade investors from Facebook stock? © Provided by InvestorPlace Facebook (FB) logo held by hand backdropped by company-blue background On the surface, the picture doesn’t look great. Originally designed as a blockchain reward token backed by a basket of currencies and bonds, Diem will now operate as a single coin backed by the dollar. But in order to achieve Facebook’s ambition of providing an alternative currency, the company is seeking regulatory approval.

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