Libra was set to launch within less than a year after the announcement but it was postponed several times; then two and a half years later Libra was rebranded as Diem.

The post Facebook’s DIEM Formerly Known as Libra Shuts Down Without Ever Launching appeared first on BitPinas.

On January 31, Meta, Facebook's parent company, announced that it had sold its cryptocurrency project Diem. It seems that this clears the way for their new NFT market.

Two years and seven months after Facebook announced Libra, it's dead before it was ever born. But Meta isn't done with crypto.

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 […]

It’s hard to read about David Marcus’ departure from Meta’s cryptocurrency project Diem (formerly Libra) and digital wallet Novi, and not wonder...

Facebook has launched a pilot project for its digital payments app Novi and, courtesy of partnerships with Paxos and Coinbase, will use...

Facebook is taking a crack at cryptocurrencies. The social media giant and its partner, Diem Association, recently announced that they are preparing to launch a U.S. stablecoin. Stablecoin is a cryptocurrency tied to conventional assets. It is totally different from other cryptocurrencies like bitcoin and ethereum, which aren’t tied to any assets and their values […]

The post Facebook prepares to launch the Diem cryptocurrency appeared first on BitcoinerX.

2021 bull run has propelled Bitcoin, altcoins, and the whole ecosystem into the mainstream limelight as well as adoption. The growing demand for digital assets is evident from the number of mainstream financial firms adding support for cryptocurrencies as well as the number of crypto companies that have become a billion-dollar company after the latest

The post Crypto Companies Raised $2.5 B in First Quarter of 2021, the Highest Ever! appeared first on Coingape.

Diem partnered with Silvergate, the California-state charted bank, in order to launch a new stablecoin in the US as we can see in our latest Diem news today. The facebook-backed crypto project, the Diem Association, partnered with crypto-friendly bank Silvergate to launch a new stablecoin project pegged to the United States dollar. Diem partnered with […]

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.

Diem has also named Silvergate Bank as the exclusive issuer of its much-delayed USD-backed stablecoin, though it has not given a launch date.

The post Diem leaves Switzerland for US, announces plan to work with Silvergate on dollar-backed stablecoin appeared first on The Block.