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United States Treasury Secretary Janet Yellen supposedly convinced Federal Reserve Chair Jerome Powell into killing the project, the former Meta executive said. Go to Source
David Marcus, former head of Libra at Meta, described how the project ended at the hands of personalities in the high echelons of political power. He remarked that this happened even after satisfying the demands of lawmakers and regulators. David Marcus Tells How Libra Died for Purely Political Reasons David Marcus, the former head of … Read more
The vulnerability was located in a file that translates human-readable code into machine language for storage. Go to Source Powered by WPeMatico
It only took Libra/Diem two years to come full circle from publishing its white paper to falling apart. Go to Source Powered by WPeMatico
Meta has officially given up on its stablecoin project Diem after more than two years of efforts to launch the digital currency. Go to Source Powered by WPeMatico
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 by Silvergate Bank but it failed to get regulatory approval. Meta Reportedly Seeking Buyers for Diem Crypto Project Mark Zuckerberg’s Meta, formerly Facebook, is trying … Read more
It looks like Meta is planning to jump ship, with inside sources saying that the crypto initiative is trying to sell its assets. Go to Source Powered by WPeMatico
Facebook’s Novi wallet lets users send and receive a dollar-pegged stablecoin, but not hold it. Go to Source Powered by WPeMatico
A group of U.S. senators has asked Facebook CEO Mark Zuckerberg to discontinue his company’s crypto wallet pilot and commit to not bringing the cryptocurrency Diem to market. “Facebook cannot be trusted to manage a payment system or digital currency when its existing ability to manage risks and keep consumers safe has proven wholly insufficient,” … Read more
Novi, Facebook’s digital wallet, will launch a pilot program to test the functionality of the service in two countries: Guatemala and the U.S. The test will allow Novi to test all of its main functions and to evaluate what things need to be improved before launch. Novi will use pax dollars as the main currency … Read more
