US Senators Urge Facebook to Discontinue Crypto Wallet Pilot Citing ‘Insufficient’ Ability to Keep Consumers Safe

A group of US senators has asked Facebook CEO Mark Zuckerberg to discontinue his company’s crypto wallet pilot and commit to not bringing the cryptocurrency Diem to market.

Diem tells Senators on the warpath over Novi: We're not actually Facebook

In response to a letter from the US calling on Facebook to halt its stablecoin and crypto wallet projects, Diem stated that it “is not Facebook.

Facebook’s Novi Launches Pilot Program in Guatemala and US Using Pax Dollar

Novi, Facebook’s digital wallet, will launch a pilot program to test the functionality of the service in two countries: Guatemala and the US The test will allow Novi to test all of its main functions and to evaluate what things need to be improved before launch.

Facebook Metaverse Drive Could See Diem Stablecoin Play a Key Part

Facebook’s decision to partner with the crypto exchange Coinbase on its pilot for the digital wallet Novi is attracting scrutiny from tech, political, and crypto observers – and some are starting to believe that the long-awaited Diem stablecoin project may soon play a key role as the company continues its drive toward a metaverse-themed future....Read More: Facebook Metaverse Drive Could See Diem Stablecoin Play a Key Part

Senators pressure Facebook to 'immediately discontinue' Novi wallet pilot

Facebook’s crypto wallet has been shot down by banking committee senators just hours after it launched a pilot.

US Lawmakers Push Back on Facebook’s Novi Wallet Launch

WASHINGTON, D.C. — A group of US lawmakers say Facebook cannot be trusted to launch a digital currency.In a Tuesday missive, US Senators Brian Schatz (D-Hawaii), Sherrod Brown (D-Ohio), Richard Blumenthal (D-Conn.), Elizabeth Warren (D-Mass.) and Tina Smith (D-Minn.) ordered Facebook CEO Mark Zuckerberg to “immediately discontinue the company’s pilot of Novi” and end its work on the Diem stablecoin project.The lawmakers said Facebook cannot be trusted to protect user data or manage a payments network in an open letter Tuesday, just hours after Facebook announced it was launching a pilot program for its Novi wallet subsidiary in the US and Guatamala.Read more: Facebook’s Novi Taps Paxos, Coinbase Ahead of Diem RolloutUnder the pilot project, Facebook will let users purchase Paxos Dollars (USDP) and custody the funds with Coinbase.”We urge you to immediately discontinue your Novi pilot and to commit that you will not bring Diem to market,” the lawmakers wrote on Tuesday.Libra 2.0The backlash is reminiscent of the response to the original Libra announcement.

Facebook pilots Novi crypto wallet with Coinbase, Paxos

The social media giant still intends to launch Novi along with its Diem payment network once regulatory approval is granted.

Facebook’s Novi Taps Paxos, Coinbase Ahead of Diem Rollout

Facebook’s Novi wallet is ready to launch – but it won’t be launching with the Diem (formerly Libra) stablecoin.Novi, a digital wallet subsidiary to Facebook, will go live in the US and Guatemala in a pilot program, allowing users to start trading the Paxos Dollar (USDP), the social media giant announced Tuesday.

One currency to rule them all: Facebook’s Diem has global ambitions

There are two big questions on everyone’s lips now: What exactly is Facebook’s Diem, and what it will offer its potential 2 billion users? The year 2021 seems to be a big year for the blockchain world as several projects, such as nonfungible tokens (NFTs) and centralized decentralized finance exchanges (CeDeFis), are taking the central stage.

Sommelier partners with Mysten Labs to launch Cosmos smart contracts

Mysten Labs' engineers formerly created the blockchain network on Facebook's Diem and Novi crypto projects. Sommelier, a co-processing protocol to the Ethereum Virtual Machine, or EVM, has today announced a research and development partnership with Mysten Labs to increase liquidity transaction speeds and launch smart contract applications on the Cosmos blockchain.Founded in 2020 by Zaki Manian, a core developer on the Cosmos protocol, Sommelier is a test-net protocol designed to deliver enterprise-grade automated financial transactions such as limit orders, batched orders and portfolio rebalancing to decentralized finance, or DeFi, traders and liquidity providers, or LPs.The blockchain, which combines the Tendermint consensus layer, Cosmos Stargate SDK, and dual-way Ethereum bridge, will work with Mysten to implement Move smart contract programming to provide the entire ecosystem of Cosmos developers, as well as those on its Ethereum Gravity Bridge, with smart contract capabilities.

Diem struggling to win over officials in Washington despite rebranding efforts

Diem’s push to launch stablecoins and a global payment system might suffer from the seemingly brewing anti-crypto sentiment among key US policymakers. Facebook’s ambitious digital currency payment project Diem is yet to get off the ground despite concerted attempts to win over financial regulators.According to The Washington Post on Friday, Diem is facing difficulties smoothening regulatory wrinkles with senior policymakers in the Biden administration.Even with the full weight of Facebook’s significant lobbying power in Washington, the digital currency project is yet to get off the ground.Reports indicate that David Marcus, Facebook Financial (F2) head, met with regulators in Washington earlier in September.

Facebook ‘definitely looking’ at NFTs, says exec

“When you have a good crypto wallet like Novi will be, you also have to think about how to help consumers support NFTs,” Facebook’s David Marcus said. As Facebook now finalizes the development of its proprietary cryptocurrency wallet, Novi, the social media giant could soon be supporting nonfungible tokens (NFT).David Marcus, head of Facebook Financial and co-creator of Facebook-initiated cryptocurrency Diem, said Wednesday that the firm is “definitely looking” at possible ways to get involved in the NFT industry.Facebook is considering multiple options to introduce NFT features, as it finds itself in a “really good position to do so,” Marcus said in a Bloomberg Television interview.

Facebook Eyes NFT Market, Warns of Chinese E-Pay Dominance

Facebook could be set to take the plunge into the world of non-fungible tokens (NFTs) – and has also claimed that America is losing the “digital payments” race to China. Facebook’s David Marcus, the head of the social media giant’s blockchain operations and the architect of its Diem stablecoin plans, claimed that the firm was is in a “good

Novi Digital Wallet Ready to Show on the Market, Facebook’s David Marcus Says

The head of Facebook Financial, David Marcus, has revealed that Facebook’s Diem cryptocurrency is ready for launch.

Diem Has Secured Licenses in Nearly All States, says Board Member

Facebook’s stablecoin payment system is quickly seeking–and gaining–regulatory approval across America, according to board-member David Marcus.

Facebook’s David Marcus calls for “fair shot” at crypto payments

Marcus shares his honest thoughts on the crypto market, as well as declaring that Novi is ready to launch. In a newly published Medium piece titled "Good stablecoins, a protocol for money, and digital wallets: the formula to fix our broken payment system", Facebook’s crypto pioneer David Marcus shared his views on topics of economic inequality, regulatory challenges and Novi’s proposed stablecoin solution.Marcus has spent the last couple of years building Diem’s crypto wallet Novi – a interoperable digital wallet designed to integrate with the Diem payment system.

Facebook’s ‘Metaverse’ Plans Meet Optimism and Scorn from Crypto Fans

Mark Zuckerberg. Source: a video screenshot, Youtube, CNBC Television The Facebook founder Mark Zuckerberg has gone public with his ambitions to transform his social media giant into a “metaverse company,” a move that could potentially have an impact on the firm’s Diem stablecoin plans. In an interview with The Verge, Zuckerberg claimed that “a good vision for the metaverse is not one

Future of Digital Euro ‘Not Clear Yet,’ Former Eurogroup Official Says

Europe’s digital currency project has made some progress recently, with the Eurozone’s central bank moving to its next stage.

Dapp for Diem blockchain partners with Polkadot infrastructure provider

Pontem founder Boris Povod said the partnership was aimed at improving Polkadot’s current node infrastructure, with Pinknode providing “reliable and secure API endpoints.” The decentralized application aiming to connect Facebook’s Diem blockchain with public networks is partnering with node infrastructure provider Pinknode.In a Friday announcement, the Pontem Network said it would be working with Pinknode to provide node infrastructure through the Polkadot ecosystem.

Pontem and Pinknode Team Up to Bridge Polkadot and Facebook's Diem

Experimental blockchain Pontem and node provider Pinknode are teaming up to create a “proving ground” for dapps on Facebook’s upcoming Diem network.

Facebook to Ramp up Payments Ahead of Diem Launch

The social media heavyweight Facebook is forging ahead with more Facebook Pay innovations ahead of the launch of its stablecoin project Diem (formerly Libra). Per The Verge, the new Facebook Pay solution is to be expanded beyond the Facebook ecosystem, which includes platforms like WhatsApp, and onto third-party platforms.

How Pontem Network Aims To Unlock Facebook’s Diem Full Potential

There are many initiatives in the blockchain industry that can complement one another rather than serve as competition.

Stablecoin growth could affect credit markets, rating agency warns

Fitch notes potential asset contagion risks posed by stablecoins could lead to tighter regulations for the industry. The growth of stablecoins that are not fully backed by safe assets could trigger a destabilization in short-term credit markets, rating agency Fitch has warned.In a commentary note, the agency explained that coins that are fully backed by safe assets pose a lesser risk for the financial markets.

Privacy Is Key for Successful Digital Euro, Data Protection Body Says

The European Data Protection Board (EDPB) has issued a call for EU institutions to uphold privacy when designing a digital version of the euro.

Facebook’s David Marcus: China’s Bitcoin Mining Crackdown ‘Great Development’ for BTC

David Marcus, head of Facebook Financial (F2) who is in charge of crypto project Diem, formerly Libra, believes that the Chinese government cracking down on bitcoin mining is “a great development” for the cryptocurrency.

ECB Board Member: CBDC Euro Would Respect Privacy, Unlike Private ‘Unstable Coins’

European Central bank executive Fabio Panetta thinks a government-run digital euro would preserve people's privacy—unlike Facebook-backed Diem’s “unstable coin.”

Dapp for upcoming Diem blockchain raises $4.5M in seed investments

Pontem Network has received backing from several notable investors, including Delphi Ventures, Collider Ventures, Alameda Ventures, Skynet Trading and Animoca Brands.

CSRC Director Yao Qian: CBDCs Can Run on Ethereum and Diem

China Securities Regulatory Commission Director suggests that China can utilize the BaaS infrastructure of public blockchain networks for CBDCs establishment.

Digital Yuan Architect: 'Imagine a CBDC on Ethereum or Diem'

Source: Adobe/H_Ko One of the chief architects of the Chinese digital yuan has discussed a possibility that the central bank digital currencies (CBDCs) could operate on networks such as Ethereum (ETH) or the yet-to-be-released Facebook-masterminded blockchain platform Diem (formerly Libra) as part of a two-tier operating system. The comments came from Yao Qian, the science and technology 

Diem Relocates From Switzerland to the US to Launch an USD-Backed Stablecoin

Facebook-backed payment system Diem partnered up with the cryptocurrency-friendly bank Silvergate to launch a stablecoin in the US.

Facebook-Backed Crypto Project Diem Moves to US, Unveils New Launch Plan

Facebook-backed cryptocurrency project Diem, formerly Libra, is moving from Switzerland to the US In collaboration with Silvergate Bank, the association, which oversees the development of the diem cryptocurrency, has unveiled a new launch plan.

Facebook’s New Stablecoin Aims a ‘Big Comedown’ from Grand Libra Plans

Once heralded as the future of global finance, it appears that the Facebook-led Diem project (formerly Libra) is now set to launch in the United States as a USD-pegged stablecoin. In a press release, Facebook and its Diem partners announced that it would be teaming up with the American crypto player and chartered bank Silvergate and make what it called a “strategic shift

Diem parters with Silvergate bank to launch stablecoin in the US

Facebook-initiated Diem Association announces a new model of its upcoming stablecoin that is set to be issued by California state-chartered bank Silvergate. Facebook-backed digital currency project, the Diem Association, has partnered with cryptocurrency-friendly bank Silvergate to launch a stablecoin pegged to the United States dollar.Diem announced Wednesday a new model of its upcoming stablecoin, relocating its main operations from Switzerland to the United States and withdrawing its application for a payment system license from the Swiss Financial Markets Authority.The association, which comprises of 26 financial firms including Nasdaq-listed cryptocurrency exchange Coinbase, is now planning to move forward with its USD stablecoin plans through Silvergate bank, which is set to be the issuer of the Diem USD and will manage the Diem USD reserve.Diem Networks US, Diem’s wholly-owned subsidiary, will run the Diem Payment Network, a permissioned blockchain-based payment system facilitating Diem stablecoin transactions.While Silvergate is a California state-chartered bank and a member of the Federal Reserve, Diem Networks US is seeking to register as a money services business with the US Department of the Treasury's Financial Crimes Enforcement Network, the announcement notes.“We believe in the future of US dollar backed stablecoins and their potential to transform existing payment systems,” Silvergate CEO Alan Lane said.

Facebook Diem Project to Launch USD Stablecoin after Dropping Swiss License Application Plan

Diem Association is planning to move its main operations from Switzerland to the United State.

Facebook's Crypto Ambitions Stumble Forward With Plans for US Stablecoin

The Facebook-backed Diem Association announced plans for a US stablecoin pilot but did not provide more details.

Mark Zuckerberg’s Goat, “Bitcoin”, Ignites Conspiracy Theories

Yesterday, Mark Zuckerberg, founder and CEO of Facebook, revealed he’d named one of his goats “Bitcoin”.

Facebook-Backed Crypto Diem Updates Launch Plan — Will Take a ‘Phased Approach’

The cryptocurrency proposed by social media giant Facebook is gearing up to launch using a “phased approach,” its co-creator explains.

Diem Launch, Deutsche CELO, Binance.US CEO, BlockFi's Crypto Dad + More News

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Stablecoin news The Facebook-backed Diem Association (formerly Libra) is aiming to launch a pilot with a single stablecoin pegged to the USD in 2021, CNBC reported, citing an undisclosed person familiar with the matter.

Facebook’s Diem Stablecoin Could be Launched by the End of 2021: Report

Announced in 2019, Facebook-backed stablecoin, which went through numerous changes – Diem – could see the light of day by the end of 2021. 

Facebook-backed Diem Association reportedly to launch stablecoin pilot in 2021

An anonymous source has told reporters that the first Diem pilot will focus on transactions between individual consumers. Facebook-backed digital currency project Diem could yet launch its first stablecoin in 2021 as a small-scale pilot, according to an anonymous source.  Cited in a CNBC report published on April 20, the source claimed that the Switzerland-based nonprofit The Diem Association is still intending to launch its pilot for a United States dollar-backed stablecoin later this year.  Back in Nov.

Facebook Crypto Project VP Leaves for Circle

Circle has hired Dante Disparte as chief strategy officer.

UK authorities to focus on stablecoin regulations to prevent monopolies

British regulators have identified the stablecoin market as their primary assignment amid efforts to create a legal framework for virtual currencies in the country. John Glen, the United Kingdom's financial services minister, has said that stablecoins will be the main focus of the government’s crypto regulatory activity. Glen made delivered his comments while addressing a conference organized by City & Financial Global on Tuesday, Reuters reported. For Glen, the UK’s decision to prioritize stablecoins over regulating the broader financial market is due to fears of monopolies emerging in the market based on the limited number of participants offering fiat-pegged cryptocurrency payment services. “There is the potential for some firms to swiftly achieve dominance and crowd out other players, due to their ability to scale and plug into existing online services,” Glen remarked. Indeed, the minister’s argument echoes sentiments espoused by several financial regulators against the Diem stablecoin project. Ini

Microsoft President on digital currencies: We’re not a bank and we don’t want to become a bank

With Facebook working on its digital currency project Diem, formerly known as Libra, the idea of a private entity issuing currency did not please many financial regulators.

Why This Bitcoin-Believing Startup Bets on Facebook's Diem Instead

While the eyes of many are on major crypto networks like Bitcoin (BTC) and Ethereum (ETH) (and NFTs, of course), financial service provider First Digital Asset Group (FDAG) together with their investors are betting on more centralized, Facebook-backed Diem (formerly - Libra) stablecoin.

Diem co-creator leaving Facebook for Planet Labs

Kevin Weil has previously said that the launch of the Facebook-backed stablecoin would be "a journey of years and decades." Kevin Weil, the vice president of product at Facebook's digital wallet unit and one of the creators of the Libra token, now called Diem, will be leaving the social media giant. In a Twitter thread today, Weil said he would be leaving Facebook after almost three years to become the president of product and business at San Francisco-based space and analytics company, Planet Labs.

Cofounder of Facebook's Digital Currency Project Departs

Kevin Weil was one of the original creators of the "Facebook coin," a project announced with fanfare in 2019 that has been mired in uncertainty.

Many pieces of the Diem puzzle still missing as launch gets delayed

Besides securing approval from Swiss regulators, Diem seems likely to face opposition from government regulators in many countries. Back in June 2019, social media giant Facebook released the details for a much-talked-about digital currency platform dubbed “Libra.” These days, Libra is known as Diem, with the project undergoing a significant rebranding in a bid to smoothen regulatory wrinkles. A year and a half later, the Diem Association has yet to launch a digital token with regulatory approval from Swiss authorities yet to materialize.

Meme pioneer launches NFT lolcats on OpenSea

Meme master ‘Cheezburger’ is releasing a series of NFTs based on his website’s famous captioned ‘lolcat’ photos. The original “I Can Has Cheezburger?” meme has become the latest symbol of popular culture to be immortalized as an NFT. The meme’s creator, Eric Nakagawa, announced his foray into a series of lolcat NFTs on Feb.

European Central Bank Petition EU Lawmakers for Stablecoin Veto Power

The European Central Bank has asked the EU parliament for veto powers when it comes to stablecoin projects such as Facebook's Diem and others.

India's Warren Buffett Is Against Bitcoin Too, ECB Aims At Diem + More News

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.

ECB wants final say on the legal status of private stablecoins in the EU

The European Central Bank has demanded veto power from lawmakers in the European Union over private stablecoin projects like Diem. The European Central Bank has finally sent its formal opinion on crypto regulations to the European Commission. According to Reuters, the ECB has asked EU lawmakers for veto powers concerning private stablecoin projects like the Facebook-backed Diem. An excerpt from the ECB opinion document reads: “Where an asset-reference arrangement is tantamount to a payment system or scheme, the assessment of the potential threat to the conduct of monetary policy, and to the smooth operation of payment systems, should fall within the exclusive competence of the ECB.” As part of the demand for veto powers on stablecoins, the ECB has urged the EU to ensure that its ruling should be binding on all national authorities in the Euro Zone.

New Bitcoin ETF Attempt, Diem's Move, Ripple vs. SEC + More News

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Crypto adoption news NYDIG, a Stone Ridge-run subsidiary firm that provides crypto services to institutional investors, aims to launch a Bitcoin exchange-traded fund (ETF), per a filing with the US Securities and

Diem gets closer to launch as Fireblocks and First introduce new payment infrastructure

Fireblocks and First Digital Asset Group have developed a seamless connection to Diem, allowing financial institutions to access the emerging payment network.

Diem Stablecoin Prepares for Liftoff With Fireblocks Custody Partnership

The rebranded Libra network aims to come out with an initial product around the end of this quarter, with help from Fireblocks and First Digital Assets.

BIS Chief Banker Criticizes Bitcoin as Inherently Risky, Says BTC Vulnerable to 51% Attack

Bank for International Settlements (BIS) general manager Agustin Carstens has criticized bitcoin saying the asset was inherently risky and “increasingly vulnerable” to a 51% attack.

A Look at Facebook’s Diem Wallet- Token Sale Accepts 3 Cryptos, Strict KYC, Hefty Data Collection

During the last two years, there’s been a lot of interest in Facebook’s cryptocurrency diem (formally libra) and rumors of a nearing launch date went viral last November.

Facebook's Diem Testnet Hits 50 Million Transactions

The upcoming stablecoin contender reached the milestone a little over a month after it was renamed.

9 Trillion vs. 100 Trillion: Billionaire Mike Novogratz Asks Which Cryptocurrency Will Win the Payments Race

On December 31, billionaire investor Mike Novogratz asked his Twitter followers which blockchain coin has the best chance of winning the payments race and offered four choices.

New name, old problems? Libra’s rebrand to Diem still faces challenges

The Diem Association’s rebrand from Libra was supposed to herald a new day for the project, but a touted 2021 launch may not go as planned. Facebook-backed Libra Association’s rebrand to Diem looked to quash negative perceptions of the project, but its new name has not changed the regulatory pressures the project still faces. It has been 18 months since Facebook announced that it was looking to launch its very own payments system project that would plug into its social media platforms.

What Are Stablecoins?

A stablecoin is a type of cryptocurrency whose value is tied to an outside asset, such as the US dollar or gold, to stabilize the price.

IMF Cautions Central Banks May Have to Rethink What Constitutes Reserves

The IMF warns that central banks may have to rethink what constitutes their reserve currency holdings.

BTC drops, XRP is ‘toxic waste,’ Facebook’s Diem in trouble: Hodler’s Digest, Dec. 6–12

The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — one week on Cointelegraph in one link! Coming every Saturday, Hodlers Digest will help you track every single important news story that happened this week.

FTC sues Facebook in antitrust lawsuit as regulators mount offensive

Regulators around the globe are increasingly turning hostile to the social media behemoth. The United States Federal Trade Commission has filed a lawsuit against Facebook, Inc., where it alleges that the corporation has been engaging in anti-competitive practices ever since acquiring a dominant global position at the turn of the 2010s. According to public case files released on Wednesday, the regulator believes that Facebook has systematically purchased or reproduced the features of any social media competitor that could have posed a threat to the company’s dominance.

Mass Adoption of a Digital Euro Could Be a ‘Clear Negative’ for Europe’s Banks: BofA

A Bank of America report on a possible mass-adopted digital euro noted that such movement could spell difficulty for commercial banks that could see some of their deposits migrate to the European Central Bank.

Hundreds of millions of consumers will use digital currencies soon: Circle CEO

Executives from Facebook’s ‘Diem’ Association, Circle, Soramitsu, and Coinbase discussed how and when digital currencies will go mainstream, at the Singapore Fintech Festival. Speaking at Singapore Fintech Festival, Circle CEO Jeremy Allaire said that "third-generation blockchain technology" would see digital currency "in the hands of hundreds of millions, if not billions of users." Allaire featured on a panel alongside the CEO of Facebook’s 'Diem' Association (formerly Libra Association) Stuart Levey, Coinbase CPO Surojit Chatterjee, and Soramitsu CEO Makoto Takemiya, to discuss the question: Can Digital Currencies Birth the Next Generation of World-Class Payment Systems?.

Facebook Asks for 'Benefit of the Doubt' in Cryptocurrency Ploy

The head of Facebook Financial said that the Diem stablecoin and the Novi wallet could be launched in 2021.

Facebook’s Libra Rebrand Hits Another Name-Change Snag as UK Diem Lawyers up

Facebook’s latest efforts to rebrand its Libra stablecoin project, recently renamed Diem, appear to have hit the rocks – again – with a British fintech firm of the same name preparing legal action. The Libra Association, the project’s governing body, recently stated that it was renaming itself the Diem Association, Latin for “day,” in a bid to make a fresh

Facebook hopes to launch its crypto and wallet in 2021, top exec says

The social media giant has rebranded in hopes of scoring regulatory approval. Global regulators should grant Facebook-backed cryptocurrency Diem “the benefit of the doubt” to greenlight its launch in 2021, a top executive at Facebook Financial said. David Marcus, the head of Facebook Financial, or F2, said that both cryptocurrency Diem and related crypto wallet Novi could be launched next year.

Facebook’s Newly Renamed Diem Cryptocurrency Threatened With A Lawsuit Over Branding

History could repeat itself as Facebook’s recently renamed cryptocurrency project might face a lawsuit because of its new name – Diem.

Facebook's Rebranding of Libra Stablecoin to Diem May Face Copyright Infringement Lawsuit

Facebook’s idea to rebrand its Libra stablecoin project to “Diem” may not be as smooth sailing as what the corporate firm had in mind.

Carpe 'Diem': Lawsuit threatened over Facebook’s Libra rebrand plan

Facebook’s plan to rebrand its stablecoin project from Libra to Diem has been met with legal threats from a small European start-up of the same name. Facebook has been hit with threats of legal action over its plan to rebrand the Libra stablecoin project to ‘Diem’ from a finance application of the same name. Facebook announced its plan to rebrand Libra on Dec.

Rebrand of Facebook's Libra Association to Diem Hits Snag

Libra Association changed its name to Diem Association last week.

Rebranded Libra Still a ‘Wolf in Sheep’s Clothing’: German Finance Minister

German Finance Minister Olaf Scholz took aim at the rebranded lDiem and said it would take more than cosmetic changes to smoothen regulatory concerns.

German government unimpressed by Facebook stablecoin's rebrand

German finance minister says “A wolf in sheep's clothing is still a wolf.” Facebook’s Diem stablecoin, which recently changed its name from Libra, is still failing to impress German regulators. As reported by Reuters,  German Finance Minister Olaf Scholz voiced his criticism of the project on Monday after a conference between G-7 finance ministers and central bank directors.

Testnet of Facebook’s Much Vaunted Stablecoin Only Executes 6 Transactions per Second

The Facebook fronted stablecoin, Diem (formerly Libra)’s dismal testnet results undercut the assertion that the digital currency is a threat to global financial stability.

Facebook’s Diem stablecoin is an existential threat to traditional banking

Stablecoins are an integral part of the future of the financial system.

Spotify Looking for Associate Director to Lead Activity on Libra Project, Other Crypto Efforts

The world's largest audio streaming service is on the hunt for a new associate director to lead its activity within the Libra stablecoin project.

Spotify Is Staffing Up for Facebook’s Diem, Other Crypto Payments

A job listing specifically mentions the ex-Libra project and day-to-day interactions with the Diem Association, as well as other potential moves in the crypto payments space.

Facebook Digital Currency Libra Rebrands Name to Diem Ahead of Its Dollar-Backed Stablecoin Launch

Facebook-backed Libra Association has rebranded its name to the Diem Association ahead of the proposed launch of its dollar-backed stablecoin.

From Libra to Diem: Association's New Clothes for 'Appropriate Autonomy'

The Facebook-backed Libra Association has announced the change of its name to the Diem Association - a move which, along with new hires, the association claims will grant the project more "autonomy." In an emailed press release, the organization wrote, "The Libra Association announces the adoption of a new name and the recruitment of key executives,

The Changes Continue: Facebook’s Libra Has Been Rebranded To Diem

Facebook’s future cryptocurrency project continues with the most recent changes – this time, it comes as a brand new name change from Libra to Diem.

The Libra Association Rebrands Itself to 'Diem'

The Libra Association has changed its name and recruited several high-profile experts ahead of Libra’s launch.

Libra rebrands to Diem, hoping to shake off associations

The project is hoping that a new name will help people forget the mass regulatory panic that drowned out Libra's initial announcement. Per a Tuesday press release, the Libra Association is changing its name to the Diem Association. The shift is likely in the hopes of turning the page on Libra's PR.

Libra Rebrands to ‘Diem’ in Anticipation of 2021 Launch

The Libra Association is rebranding itself to "Diem" to distance itself from the original multi-currency stablecoin vision as it prepares for a possible 2021 launch.