Milei’s ‘Libragate’ scandal, explained: What’s behind the controversy?
Milei’s LIBRA crypto post sent prices soaring, then crashing. The controversy has left investors dealing with losses and Milei facing a legal and political fallout. Go to Source
Libra
Auto Added by WPeMatico
$LIBRA Token Faces Backlash Amid Fraud Allegations and Market Manipulation Claims
The $LIBRA token may be one of the most controversial cryptocurrencies out there, even being called by some the biggest political rug-pull in crypto history. Nonetheless, it has many traders–even ones who have taken substantial losses on it–throwing fresh money into the project. Why? Because they seem to believe it’s a “buy the dip” opportunity, … Read more
Death of Meta’s stablecoin project was ‘100% a political kill’ — Ex Diem boss
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
The Death of Meta’s Libra: A 100% ‘Political Kill’
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
Libra-related Sui blockchain fixes critical bug that put ‘billions’ at risk
The vulnerability was located in a file that translates human-readable code into machine language for storage. Go to Source Powered by WPeMatico
Vale Diem: How Facebook’s ambitious stablecoin project came to an end
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
Mark Zuckerberg’s stablecoin project Diem officially shuts down
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
Mark Zuckerberg’s Meta in Talks to Sell Assets in Crypto Project Diem: Report
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
Zuckerberg’s Diem reportedly weighing sale after stablecoin plans falter
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
Privacy or policy? Why Facebook’s crypto wallet Novi is facing resistance
Facebook’s Novi wallet lets users send and receive a dollar-pegged stablecoin, but not hold it. Go to Source Powered by WPeMatico
