Ex-Meta crypto chief David Marcus says there was no legal or regulatory angle for the government to kill its Libra project and “it was 100% a political kill”
For reasons you can guess at, debanking has been the topic du jour in my Twitter feed. Tyler Durden / ZeroHedge News : FinTech CEOs Expose How Feds Colluded In ‘Debanking’ Schemes After Andreessen ‘Op...
Ex-Meta crypto chief David Marcus says there was no legal or regulatory angle for the government to kill its Libra project and “it was 100% a political kill”
How Libra Was Killed. I never shared this publicly before, but since @pmarca opened the floodgates on @joerogan's pod, it feels appropriate to shed more light on this. As a reminder, Libra (then Diem)...
Aptos, a Layer 1 blockchain built by ex-Meta employees who worked on Diem, raises $200M at a $1B+ valuation led by a16z
Facebook's audacious attempt at creating a crypto payments network met an unceremonious end earlier this year when Silvergate Capital acquired the Diem technology assets for $182 million.
Interviews with 30 people detail the rise and fall of Meta's Libra project, later renamed Diem, as lofty goals were undermined by Facebook's reputation
On June 24 2021, Jay Powell and Janet Yellen sat down for their weekly breakfast amid the austere surroundings of the US Treasury building on 1,500 Pennsylvania Avenue. Tweets: @mshannahmurphy , @alex...
Silvergate Bank acquires the Diem Association's tech and other assets by issuing $132M in stock and paying $50M in cash and aims to debut a stablecoin in 2022
The Diem Association is shutting down. — Silvergate Bank confirmed Monday that it's purchasing the technology and other assets from Diem …
Sources: Diem Association was shuttered due to internal dispute, leaders' departure, and regulatory pushback, but a team of ~50 remains to run a pilot overseas
The social media giant's shuttering of the Diem project followed clashes over its direction and sustained opposition in Washington
David Marcus, the co-creator of Diem and head of Novi, will leave Meta at the end of the 2021; current Novi VP of Product Stephane Kasriel will lead Novi
and I remain as passionate as ever about the need for change in our payments and financial systems — my entrepreneurial DNA has been nudging me for too many mornings in a row to continue ignoring it. ...
Facebook starts testing its Novi wallet in the US and Guatemala, letting users trade the Paxos Dollar; Coinbase will provide custody services
the US and Guatemala. People can send and receive money instantly, securely, and with no fees. 1/8 David Marcus / @davidmarcus : I do want to be clear that our support for Diem hasn't changed and we i...
Facebook's David Marcus says Novi digital wallet is “ready now”, but will wait for the Diem currency, and it is “definitely looking at” building NFT features
Social network is ‘definitely looking’ at digital assets as part of push into financial products, executive says Source: Bloomberg .
Source: Facebook-backed Diem is aiming to launch a pilot with a single stablecoin pegged to the US dollar later this year
- The Diem Association is aiming to launch a pilot with a single stablecoin pegged to the U.S. dollar in 2021, according to a person familiar with the matter.