Libra Financial News
02.10 / 16:43
Facebook
Libra
Blockchain
Stablecoin
regulatory
Terra could leave a similar regulatory legacy to that of Facebook’s Libra
New draft legislation on stablecoins in the United States House of Representatives proposed to impose a two-year ban on new algorithmically pegged stablecoins like TerraUSD (UST).
24.02 / 08:31
16.05 / 13:27
Libra
Blockchain
defi
Hackers
hacks
Cybersecurity
security
BUG
Libra-related Sui blockchain fixes critical bug that put ‘billions’ at risk
The Sui blockchain network quietly fixed a bug that could have put “billions of dollars” at risk, according to a May 16 announcement from Zellic, the security firm hired to audit the network’s security.
28.01 / 00:51
markets
Facebook
Libra
Cardano
Trading
solana
5 reasons why the Aptos (APT) rally could still have wings
Aptos’ APT reached a new all-time high of $20.39 after posting gains exceeding 400% since the start of 2023. While the rally could just be a pump-and-dump event due to the perception of weak fundamentals, increasing negative sentiment toward the token will likely fuel the prices in the short term.
23.09 / 20:27
16.03 / 05:15
business
Facebook
Libra
Blockchain
Diem team members raise $200M to launch blockchain derived from it
Former Meta employees and key players behind the firm’s defunc stablecoin project Diem have raised $200 million to expand a new project dubbed “Aptos.”
02.02 / 19:59
Facebook
Libra
Stablecoin
Congress
end
Vale Diem: How Facebook’s ambitious stablecoin project came to an end
On Jan. 31, Meta, formerly known as Facebook, announced that it was pulling from its stablecoin project, Diem, formerly known as Libra. Intellectual property and other assets related to the operations of the Diem Payment Network were to be sold to Silvergate Capital Corporation, essentially meaning the end to Mark Zuckerberg and his corporations’ stablecoin aspirations, at least in their current shape. This also marks the end of a once-groundbreaking initiative that was revealed in 2019 with a promise to bring a global alternative to fiat money to Facebook’s 2-billion-strong user base. Here is how this plan went from the initial announcement to the shutdown.
02.02 / 05:51
Facebook
Libra
Twitter
Bitcoin
Time
Jack Dorsey: Diem was a waste of time, Meta should’ve focused on BTC
Twitter founder Jack Dorsey said that Meta’s failed cryptocurrency project Diem was “wasted effort and time,” and it should have focused its efforts on “making Bitcoin more accessible for everyone.”
01.02 / 12:11
Facebook
Libra
Stablecoin
Mark Zuckerberg’s stablecoin project Diem officially shuts down
Meta, formerly branded as Facebook, has officially announced the closure of its digital currency project Diem after years of major efforts to move forward with the initiative.
26.01 / 05:09
business
Facebook
Libra
Zuckerberg's Diem reportedly weighing sale after stablecoin plans falter
Meta-backed crypto initiative “Diem” is reportedly trying to sell its assets, seemingly calling time on Facebook founder Mark Zuckerberg’s grand ambitions for a stablecoin to act as the internet’s currency.
08.12 / 18:13
Facebook
Libra
Blockchain
Google
What Facebook’s rebranding tells us about Big Tech’s ‘Game of Platforms’
In his monthly crypto tech column, Israeli serial entrepreneur Ariel Shapira covers emerging technologies within the crypto, decentralized finance (DeFi) and blockchain space, as well as their roles in shaping the economy of the 21st century.
27.10 / 16:13
Facebook
Libra
Government
Privacy or policy? Why Facebook's crypto wallet Novi is facing resistance
The stablecoin market has grown exponentially over the last few months due to the numerous advantages blockchain-based versions of fiat currencies have. But, when Facebook launched its cryptocurrency wallet Novi using Paxos’ stablecoin, some United States senators were quick to oppose it. Are they concerned about user data or monetary sovereignty?
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