FTC sues Facebook in antitrust lawsuit as regulators mount offensive
Regulators around the globe are increasingly turning hostile to the social media behemoth. Go to Source Powered by WPeMatico
Diem
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Hundreds of millions of consumers will use digital currencies soon: Circle CEO
Executives from Facebook’s ‘Diem’ Association, Circle, Soramitsu, and Coinbase discussed how and when digital currencies will go mainstream, at the Singapore Fintech Festival. Go to Source Powered by WPeMatico
Carpe ‘Diem’: Lawsuit threatened over Facebook’s Libra rebrand plan
Facebook’s plan to rebrand its stablecoin project from Libra to Diem has been met with legal threats from a small European start-up of the same name. Go to Source Powered by WPeMatico
German government unimpressed by Facebook stablecoin’s rebrand
German finance minister says “A wolf in sheep’s clothing is still a wolf.” Go to Source Powered by WPeMatico
Testnet of Facebook’s Much Vaunted Stablecoin Only Executes 6 Transactions per Second
The Facebook fronted stablecoin, Diem (formerly Libra)’s dismal testnet results undercut the assertion that the digital currency is a threat to global financial stability. This is the conclusion that can be deduced from a Diem blockchain explorer update which shows the network only processes an average of six transactions per second (tps), with the highest … Read more
