Diem will sell assets to Silvergate for $200 million which means that Facebook’s stablecoin project will wind down as we are reading more in today’s latest crypto news. The Diem Association will sell off its asset and an IP to Silvergate for about $200 million. Facebook launched the stablecoin project in 2019 as Libra. Facebook’s […]

Valkyrie Files to List Bitcoin Miners ETF | Vladimir Putin Halts Russian Central Bank’s Push to Ban Crypto | Diem to Sell Assets to Silvergate Bank

Facebook founder Mark Zuckerberg’s ambitious program to create his own cryptocurrency is falling apart amid rising tension from regulators. According to a Bloomberg report released Wednesday, the Diem Association, which manages the expansion of the Diem digital currency, is contemplating a sale of its assets to return money to its investors. The report adds Diem

The post Facebook’s Bumbling Crypto Venture Diem to Wind Down, Sell Assets appeared first on CoinGape.

It looks as though Facebook’s Diem is coming to an end before it even launched.

The post Is this the end of Facebook’s Diem? appeared first on CryptoSlate.

January 26, 2022       /       Unchained Daily       /       Laura Shin Daily Bits ✍️✍️✍️ Ark Invest’s Cathie Wood predicts Bitcoin could exceed $1 million[...]

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Meta, formerly Facebook, is reportedly in talks with investment bankers to sell its assets in the cryptocurrency project Diem, formerly Libra. The diem USD stablecoin was supposed to be issued by Silvergate Bank but it failed to get regulatory approval. Meta Reportedly Seeking Buyers for Diem Crypto Project Mark Zuckerberg’s Meta, formerly Facebook, is trying […]

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 […]

The post Facebook Giving Up On Stablecoin Project? Execs Looking to Sell Assets appeared first on Coin Bureau.

IMF Urges El Salvador to Drop Bitcoin as Legal Tender | Meta’s Stablecoin Project Diem Considering Selling Assets | Russian Finmin Official Calls for Crypto Regulation Instead of Ban

NFT trading is coming to Facebook and Instagram, according to a report from The Financial Times. Meta, formerly Facebook, is reportedly working on plans to let its users mint their own non-fungible tokens, display real NFTs in their profile photos, and sell NFTs to other users, according to those familiar with the matter who spoke […]

The post NFT Trading Comes to Facebook and Instagram: Report appeared first on Coin Bureau.

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.

The post Facebook and Instagram Jumps on the NFT Bandwagon appeared first on Cryptoknowmics-Crypto News and Media Platform.

These bottom-up “transition agents,” from private business to the freedom ladder, will be what drives us all to hyperbitcoinization.

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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