News with the tag "diem"

Meta is secretly pursuing a new direction into crypto , almost three years after it closed its struggling Diem project. The aim this time is not to build a new digital currency but to leverage current stablecoins to facilitate small payments between platforms such as Instagram. The company, accordin...

In a move that has surprised many in the tech and crypto world, Meta Platforms is reportedly taking another look at introducing a stablecoin. This comes roughly three years after the ambitious Diem project , formerly known as Libra, was ultimately shut down. The initial news, reported by Unfolded an...

David Marcus, the former head of Facebook’s blockchain project Libra, recently shared how political opposition led to the ambitious initiative’s downfall. In a detailed post on X, Marcus called the project’s failure “100% a political kill,” pointing to actions by government officials that effectivel...

David Marcus , former chief of now-defunct Facebook Libra stablecoin project , has openly revealed how the Biden administration killed the project despite passing all regulatory checks. In his detailed post “ How Libra Was Killed “, Marcus provides a complete overview of the political slugfest. He a...

Movement's 21 and 24-year-old co-founders say they are on a mission to "make blockchain security sexy" with the launch of their L2.

Congresswoman Maxine Waters raised concerns over Meta’s recent trademark filings related to crypto, seeking clarification on the company’s plans in web3. Rep. Maxine Waters (D-Calif.) sent a letter to Meta executives, seeking answers about Meta’s apparent intention to expand its…

Top Democrat Maxine Waters said she wants answers amid concern that Meta Platforms could be delving back into its crypto plans.

A letter sent to the tech giant said it still has five active patents related to cryptocurrencies, despite the firm saying that it has no digital assets-related works ongoing.

The former Diem head launched his LN project back in May 2022.

The co-creator of Facebook’s cryptocurrency project Diem thinks the future of real-time payments will have utility in multiple sectors across the world. David Marcus is the co-founder and CEO of Lightspark, a startup that aims to build Bitcoin (BTC)-based enterprise payment solutions for the Lightni...