Category: Facebook Libra

Jack Dorsey Criticizes Meta’s Diem Project, Says Zuckerberg Should Have Opted for Bitcoin

Days after Facebook’s parent company Meta called its quits for its stablecoin project Diem, Block Inc’s Jack Dorsey has come lashing out at the company. The Twitter founder and former executive believe that Facebook’s Mark Zuckerberg should have spent so much effort in creating a new stablecoin. Dorsey believes that the company would have been […]

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Facebook’s David Marcus: Novi Digital Wallet Has Secured Licenses In Major U.S. States

It’s been a long time that we have heard any word regarding Facebook’s development of its own stablecoin. Although silent for a while, the tech juggernaut has been working on its Novi Digital Wallet. Facebook’s head for Blockchain and FinTech division David Marcus briefs us about the developments in line and how far they have […]

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Facebook’s David Marcus explains why the China crackdown is a great development for Bitcoin

Facebook’s David Marcus explains why the China crackdown is a great development for Bitcoin

Despite the ongoing Bitcoin crackdown in China causing a major price crash, the head of Facebook Financial (F2) has noted that this is a great development for the digital asset. CNBC’s Jim Cramer has also been staggered by the Bitcoin price reaction given the current mining crackdown should encourage the scarcity narrative. In the last […]

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Facebook’s David Marcus: China’s Bitcoin Mining Crackdown ‘Great Development’ for BTC

Facebook’s David Marcus: China’s Bitcoin Mining Crackdown ‘Great Development’ for BTC

David Marcus, head of Facebook Financial (F2) who is in charge of crypto project Diem, formerly Libra, believes that the Chinese government cracking down on bitcoin mining is “a great development” for the cryptocurrency. Many people in the crypto space agree with him. Facebook’s Executive Believes China’s Bitcoin Mining Crackdown Is a Good Development David […]

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Facebook’s Diem Enters Crypto Space With Diem USD Stablecoin

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 […]

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Facebook-Backed Crypto Diem Updates Launch Plan — Will Take a ‘Phased Approach’

The cryptocurrency proposed by social media giant Facebook is gearing up to launch using a “phased approach,” its co-creator explains. The Diem Association, which oversees the crypto’s development, has been in talks with regulators to obtain a license. Diem Updates Launch Plan The Facebook-backed cryptocurrency “diem,” formerly called libra, is taking a “phased approach” to […]

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WhatsApp Competitor Signal Tests In-App Peer-to-Peer Crypto Payments

Signal App, the recently popular WhatsApp competitor, and end-to-end encrypted messaging app is pushing up the envelope and planning to test in-app crypto payments. The new feature called Signal Payments is currently in the beta version and allows its users to send money in digital currencies to friends and family. Signal said that the feature […]

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A Look at Facebook’s Diem Wallet- Token Sale Accepts 3 Cryptos, Strict KYC, Hefty Data Collection

A Look at Facebook’s Diem Wallet- Token Sale Accepts 3 Cryptos, Strict KYC, Hefty Data Collection

During the last two years, there’s been a lot of interest in Facebook’s cryptocurrency diem (formally libra) and rumors of a nearing launch date went viral last November. Now the social media giant is advertising the crypto asset’s pre-sale heavily on the platform, as people can now purchase diem with U.S. dollars and three different […]

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G7 Central Bankers Stress the Need to Regulate Cryptocurrencies at Latest Meeting

G7 Central Bankers Stress the Need to Regulate Cryptocurrencies at Latest Meeting

The G7 finance ministers and central bank governors discussed the need to regulate cryptocurrencies during their latest meeting. German Finance Minister Olaf Scholz raised concerns about Facebook’s upcoming cryptocurrency. G7 Sees the Need to Regulate Crypto U.S. Treasury Secretary Steven Mnuchin hosted a discussion on Monday with finance ministers and central bank governors from Canada, […]

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ECB Chief Christine Lagarde Downplays Bitcoin’s Risks to Financial Stability, Troubled by Stablecoins

ECB Chief Christine Lagarde Downplays Bitcoin’s Risks to Financial Stability, Troubled by Stablecoins

ECB President Christine Lagarde downplays any risks bitcoin and other cryptocurrencies could pose to financial stability and monetary sovereignty. In contrast, she sees stablecoins, such as Facebook-backed libra, as posing “serious risks.” Christine Lagarde, Bitcoin, and Facebook’s Libra The president of the European Central Bank (ECB), Christine Lagarde, shared her view on the future of […]

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