Libra

Libra (cryptocurrency) Libra is a permissioned blockchain digital currency proposed by the American social media company Facebook. ... The currency and network do not yet exist, and only rudimentary experimental code has been released. The launch is planned to be in 2020.

Source: en.wikipedia.org

Stablecoin Collapse Heightens Calls for Crypto Controls Worldwide
Stablecoin Collapse Heightens Calls for Crypto Controls Worldwide
May 13, 2022  |  Cryptocurrency

Calls for global cryptocurrency regulation are growing louder and could be in place within a year. Grouping crypto with problems like climate change and COVID,...

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Facebook Diem: Move Fast, Break Things, Then Crash Into a Wall
Facebook Diem: Move Fast, Break Things, Then Crash Into a Wall
January 26, 2022  |  Cryptocurrency

Facebook’s sudden announcement of the Libra stablecoin on June 18, 2019 was the epitome of its old motto, “move fast and break things.” Thirty-one months...

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Facebook Eyes Sale of Diem Assets
Facebook Eyes Sale of Diem Assets
January 25, 2022  |  Facebook

Meta CEO Mark Zuckerberg is seeing the demise of his cryptocurrency project due to regulatory pressures, Bloomberg reported Tuesday (Jan. 25). The Diem Association, which...

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David Marcus Departs Facebook, Along With the Last Remnant of Libra’s Battered Brand
David Marcus Departs Facebook, Along With the Last Remnant of Libra’s Battered Brand
December 01, 2021  |  Facebook

The announcement that David Marcus is leaving the company formerly known as Facebook marks the departure of the last name associated with its Libra stablecoin...

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Circle CEO: For Banks, Digital Dollars Demand Stablecoin Strategy
Circle CEO: For Banks, Digital Dollars Demand Stablecoin Strategy
January 04, 2021  |  Digital-First Banking

Diem may be a shadow of what some proponents promised it would be back in 2019 — namely, a seismic shift for the monetary system...

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Stablecoin Outlook Anything But Stable As Regulation, Legislation Loom
Stablecoin Outlook Anything But Stable As Regulation, Legislation Loom
December 07, 2020  |  Cryptocurrency

Facebook’s Libra (OK, now it’s been renamed to Diem) looms as 2021 dawns – maybe – and in a form diminished from its initial ambitions...

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Mastercard’s Virtual Mobile Cards, Ghost Kitchens, Geolocation Data Top This Week’s News
Mastercard’s Virtual Mobile Cards, Ghost Kitchens, Geolocation Data Top This Week’s News
December 04, 2020  |  The Weekender

This week, Stripe introduced banking services, we get a glimpse of the EU’s upcoming Digital Services Act and PYMNTS’ data reveals online purchases ruled Black...

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From Libra to Diem: Facebook-Backed Crypto Project Changes Name
From Libra to Diem: Facebook-Backed Crypto Project Changes Name
December 01, 2020  |  Cryptocurrency

Goodbye Libra and hello Diem. Facebook’s cryptocurrency project on Tuesday (Dec. 1) unveiled a new name as it seeks to put some distance between itself...

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Libra Launch Signals Sparks Between Big Tech, Central Banks On Digital Currencies
Libra Launch Signals Sparks Between Big Tech, Central Banks On Digital Currencies
December 01, 2020  |  Cryptocurrency

With apologies to T.S. Eliot: This is the way Libra launches — not with a bang, but a whimper. It’s been more than a year in...

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