Tag: Libra
Zuckerberg Throws The Towel On Diem
Meta has officially scrapped its cryptocurrency plans, after multiple attempts to launch the stablecoin Diem failed. 1/7 From the statement by the CEO Stuart Levey on the sale of the Diem group's assets to Silvergate — “From the outset, the Diem project has been focused on leveraging the benefits of blockchain technology to design a […]
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Diem Is Dead, But Facebook Isn’t Done With Crypto
Diem Will Sell Assets To Silvergate For $200 Million: Report
‘Snow Job’: The Plot to Hand the Crypto Industry to the Big Banks
Bitcoin and Ethereum Will $50 Trillion Says Ark Invest
Mark Zuckerberg’s Meta in Talks to Sell Assets in Crypto Project Diem: Report
Facebook Giving Up On Stablecoin Project? Execs Looking to Sell Assets
Social media giant Facebook may be throwing in the towel on its goal of launching its own stablecoin, according to a new report from Bloomberg. Bloomberg says that the tech titan’s plans for Diem, its attempt at a USD-backed stablecoin, are unravelling due to mounting regulatory pressure. Bloomberg’s sources, who asked not to be named […]
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Facebook and Instagram Jumps on the NFT Bandwagon
Meta’s main social media companies Facebook and Instagram are reportedly planning to let users display and trade non-fungible tokens (NFTs). According to a Financial Times report, the social media giant behind Facebook and Instagram is currently working on prototypes that will allow users to mint collectible tokens. Additional plans include launching a marketplace that allows the buying and selling of NFTs. However, the report did not specify which blockchain network Meta would use for the marketplace. It should be noted that Meta’s NFT efforts are still in their infancy phase, meaning that the mentioned features are unlikely to launch anytime soon. Should it go into fruition, Meta’s reported foray into NFTs could be a major catalyst for mass adoption and help popularize the use of the burgeoning digital assets industry. Just recently, leading NFT marketplace Opensea surpassed $3.5 billion in monthly transaction volume, indicating that over $169 million are being spent each day in NFT trading just within the platform. So far, the NFT market has had a total of $25 billion in all-time sales. In December, Instagram CEO Adam Mosseri hinted that the company was ‘actively exploring NFTs,’ but provided no further details. However, the media sharing platform is now internally testing its NFT showcasing feature, according to people familiar with the matter. The Instagram NFTs project was started last year by Kristin George, Instagram’s director of product and creators, and David Marcus, the former head of Facebook’s payments and crypto arm, leaving the company in December. Replacing Marcus, Stephane Kasriel, the former CEO of Upwork took his place. Facebook initially made its intention to delve into the crypto space in June 2019 when it announced the launching of a Libra stablecoin, along with Novi crypto wallet. Since then, the project has had a rocky journey and has been rebranded to Diem and it’s still yet to launch.
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Web3 Founders Welcome Walmart and Its NFTs to the Metaverse
DeFi Alliance Goes Full DAO After $50M Raise
DeFi Alliance, a crypto-focused startup-accelerator is evolving into a decentralized autonomous organization (DAO) focused on Web3 projects following a $50 million raise. According to an official announcement on Thursday, DeFi Alliance rebranded itself ‘AllianceDAO’ with support from over 300 backers from top crypto leaders such as Gemini co-founders Cameron and Tyler Winklevoss, OxMaki from Sushi’s founding team, Crypto.com co-founder Bobby Bao, OpenSea CEO Devin Finzer, Terra founder Do Kwon, and Libra co-creator Morgan Beller. The reason for the rebrand includes growing the Web3 ecosystem to over one billion users. The DAO also intends to provide governance, recruiting, liquidity, marketing, advisory, or other potential startup support services in the near future. Commenting on the development, Dane Lund, the DAO‘s head architect, said: “We will be building the infrastructure for an ecosystem that encourages the best Web3 founders to receive accelerator services and then remain as mentors to later founders. We also aim to attract other DAO Contributors (builders, subject matter experts, and service providers) to join to provide support for Web3 founders.” “By creating a DAO, we are able to distribute the work of supporting founders even further and permit contributors to have a more direct stake in the outcome of their efforts, which incentivizes high-quality contribution,” Lund said. Initially launched in April 2020 as the Chicago DeFi Alliance, the organization has included in its accelerator program 0x, dYdX, Kyber Network, IDEX, Olympus DAO, Sushiswap, and Synthetix. In the coming months, Alliance DAO will release documentation to explain how the DAO will operate, its governance structure, and its services.
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Joe Rogan talks Bitcoin and Silicon Valley’s dystopian version of the metaverse
Joe Rogan and internet entrepreneur Adam Curry discuss crypto during episode #1760 of the Joe Rogan Experience, aired on January 8, 2022.
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