It seems regulators will not leave Meta, the parent company behind Facebook and Instagram, alone, even after the company abandoned its cryptocurrency projects. The new regulations drafted in the UK will target Metaverse developments.

In a recent interview, Jack Dorsey – the man behind billion-dollar companies such as Square and Twitter – said that Mark Zuckerberg – the CEO of Facebook, now Meta – was wrong to try and start his own cryptocurrency venture, and he feels things would have been more successful if he had focused on bitcoin....

The post Dorsey: BTC Should Have Been Zuckerberg’s Main Project appeared first on Live Bitcoin News.

The once-promising cryptocurrency project Diem (Libra) ended up sold to Silvergate Capital less than three years later.

Not long ago, Live Bitcoin News published an article discussing Facebook aka Meta and its decision to sell off any assets aligned with Libra/ Diem. It looks now like those assets have been sold and the project has officially come to an end. The Facebook Libra Project Is Now Fully Over The developers behind Diem...

The post Facebook Sells Off All Its Libra-Based Assets appeared first on Live Bitcoin News.

Diem claims one US regulator praised its stablecoin as it noted in the sale announcement, making comments right before it dies off so let’s read more in today’s latest altcoin news. Diem or formerly known as Libra is officially dead. In an announcement on Monday, the Diem Association confirmed other reports that it will shut […]

Libra was set to launch within less than a year after the announcement but it was postponed several times; then two and a half years later Libra was rebranded as Diem.

The post Facebook’s DIEM Formerly Known as Libra Shuts Down Without Ever Launching appeared first on BitPinas.

META shares crash by 20% after Facebook decided to enter into the Metaverse and pause the pursuit of an immediate profit by building the metaverse so let’s read further in our latest cryptocurrency news. Judging by the drop in stock prices, the investors are not really convinced by Facebook’s plans to enter the metaverse. The […]

The Diem Association has sold its intellectual property and tech assets to Silvergate Capital in a $182m deal.

Silvergate Capital, an investment firm that is the parent company of the Silvergate Bank, acquired the technology and assets of Diem, the formerly Facebook-backed stablecoin payment system. The payment totaled $182 million. The technology and assets acquired will reportedly be used for the launch of a Silvergate branded stablecoin. Silvergate Purchases Diem Operations Silvergate Capital, […]

On January 31, Meta, Facebook's parent company, announced that it had sold its cryptocurrency project Diem. It seems that this clears the way for their new NFT market.

February 1, 2022       /       Unchained Daily       /       Laura Shin Daily Bits ✍️✍️✍️ A US law that would enforce KYC rules on unhosted[...]

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