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
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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
US Senators Urge Facebook to Discontinue Crypto Wallet Pilot Citing ‘Insufficient’ Ability to Keep Consumers Safe
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
Facebook’s Novi Launches Pilot Program in Guatemala and US Using Pax Dollar
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
Facebook ‘definitely looking’ at NFTs, says exec
“When you have a good crypto wallet like Novi will be, you also have to think about how to help consumers support NFTs,” Facebook’s David Marcus said. Go to Source Powered by WPeMatico
Facebook’s David Marcus calls for “fair shot” at crypto payments
Marcus shares his honest thoughts on the crypto market, as well as declaring that Novi is ready to launch. Go to Source Powered by WPeMatico
