In a coda to its stablecoin payments ambitions, Meta announced on July 1 that the Novi digital wallet project is at an end. Launched with...
Silvergate Capital Corp. has acquired Facebook’s Diem Group’s blockchain payment network, the California-based provider of financial solutions for the emerging digital currency industry announced Monday...
Facebook is unloading its cryptocurrency unit, Diem Association, to Silvergate Capital for an estimated $200 million, The Wall Street Journal (WSJ) reported Thursday (Jan. 27), citing...
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...
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...
Facebook is planning to link its launch of the Novi digital wallet to the debut of the digital coin Diem, according to David Marcus, who...
All eyes are on Facebook this week, as the social media giant will report its Q1 earnings on Wednesday (April 28), facing questions as to...
Facebook-backed digital currency project Diem could launch its first stablecoin in 2021 as a small-scale pilot, CNBC reported on Tuesday (April 20), citing sources. The Silicon Valley...