Tag: Stuart Levey
Breaking News
A few weeks back, the news became public that Facebook stablecoin project Diem was finally shutting down.
The post The inside story of how Meta’s (Facebook) crypto hopes unraveled appeared first on CryptoSlate.
February 1, 2022 / Unchained Daily / Laura Shin Daily Bits ✍️✍️✍️ A US law that would enforce KYC rules on unhosted[...]
The post CoinShares Data Shows Ethereum Sentiment Is Negative appeared first on Unchained Podcast.
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 […]
The post Zuckerberg Throws The Towel On Diem appeared first on CryptoCoin.News.
Facebook-initiated Diem Association announces a new model of its upcoming stablecoin that is set to be issued by California state-chartered bank Silvergate.
There’s always a light at the end of the tunnel and so it has been for the Facebook Diem project, formerly Libra! On Wednesday, May 12, Facebook’s digital currency group Diem Association announced the launch of its USD-pegged stablecoin dubbed Diem USD. After going back and forth, facing major regulatory walls, making multiple tweaks. Facebook
The post Facebook’s Diem Enters Crypto Space With Diem USD Stablecoin appeared first on Coingape.