Facebook-led cryptocurrency, Diem, may launch in early 2021 .
Read moreIs Diem crypto dead?
NEW DELHI: Meta, formerly Facebook, may have abandoned the Diem cryptocurrency project, but it isn’t quite done with blockchain-based payments yet.
Read moreWhat happened Diem crypto?
Meta’s experiment with cryptocurrency, Diem, is shutting down . The Diem Association, which runs the project, announced the sale of assets of the cryptocurrency venture to Slivergate Capital Corporation for $182million. Launched as Libra in 2019, the project quickly ran into opposition from policy-makers.
Read moreIs Diem owned by Facebook?
A once-ambitious but now faltering Facebook-backed digital currency project known as Diem is dead, its assets sold to bank holding company Silvergate Capital . Silvergate and the Diem Association announced the sale on Tuesday. Meta, which owns Facebook, did not immediately respond to a message for comment.
Read moreIs Libra coin launched?
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. Formerly known as Libra, the Facebook-backed digital currency project faced strong opposition from regulators and lost several key backers and executives.20 Nis 2021
Read moreCan I buy Libra coin on Coinbase?
It’s not available on the Coinbase app or Coinbase Wallet . But don’t worry, we’ve provided some hints to help you find a way to buy Let’s Go Brandon Token that works for you.
Read moreWhere will Libra coin be listed?
Yes, the Libra is intended to be listed on exchanges like Coinbase and Binance . Facebook explicitly mentions that they “will encourage the listing of Libra on multiple regulated electronic exchanges throughout the world” and that they are “working with a competitive group of exchanges and other liquidity providers”. …
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