Diem

David Marcus, the former head of Meta Platforms Inc-owned (NASDAQ: FB) Facebook's crypto project Diem, has launched a Bitcoin (CRYPTO: BTC) payments startup. What Happened: Marcus and a few ex-Meta crypto team members have started a new venture, according to a report from TechCrunch...

Meta Platforms Inc (NASDAQ: FB) is reportedly revisiting its digital asset plans after having failed to launch Diem, a cryptocurrency that it spent years developing. What Happened: Meta is looking to introduce virtual coins, tokens, and lending services to its apps, ...

Meta Platforms Inc (NASDAQ: FB) has filed eight trademark applications for its logo on several applications in the digital asset space. What Happened:  The social media giant has filed trademark applications covering cryptocurrency tokens, blockchain software, virtual currency exchanges,...

Mo Shaikh and Avery Ching, former members of Meta Platforms Inc’s (NASDAQ: FB) Diem cryptocurrency project, have raised $200 million for their new crypto start-up Aptos. What Happened: In an announcement on Tuesday, Aptos said it had...

Meta Platform Inc. (NASDAQ: FB) CEO Mark Zuckerberg’s dream cryptocurrency project Diem may be revived, even though it will not be under his leadership. What Happened: A team of developers, formerly from Diem, is raising $200 million for a $2 billion valuation venture to bring the Diem...

Twitter Inc. (NYSE: TWTR) founder Jack Dorsey said that Facebook Inc., now rebranded as Meta Platforms Inc. (NASDAQ: FB), should have focused on making Bitcoin (CRYPTO: BTC) more accessible to people instead of working on its failed cryptocurrency project Diem. What Happened: “Hopefully...

Meta Platforms Inc. (NASDAQ: FB) is winding down its Diem cryptocurrency project and selling its technology to cryptocurrency-focused bank Silvergate Capital Corp. (NYSE: SI) for about $200 million, the Wall Street Journal reported, citing a person familiar with the matter. What Happened: It was...

Twitter Inc. (NYSE: TWTR) co-founder Jack Dorsey has responded to news that Meta Platforms Inc. (NASDAQ: FB) CEO Mark Zuckerberg is exploring a sale of the controversial cryptocurrency project Diem. What Happened: Dorsey tweeted “Carpe Diem” in response to a report by Bloomberg that the...

David Marcus, the co-creator of Facebook Inc’s (NASDAQ: FB) digital currency project Diem, is leaving the company at the end of December. What Happened: Marcus, who led Facebook’s cryptocurrency wallet project Novi, announced the decision to leave the company — rebranding as...

Social media giant Facebook, Inc. (NASDAQ: FB) has launched a pilot of its Novi crypto wallet in the U.S. and Guatemala but is already facing strong opposition from five Democratic U.S. senators. What Happened: David Marcus, head of Facebook Financial, announced the Novi pilot program on...

The growing buzz around Facebook Inc’s (NASDAQ: FB) Novi wallet has not escaped the notice of Cathie Wood-led Ark Invest, which expounded on the struggles of both Novi and the associated cryptocurrency Diem. What Happened: Ark analyst Max Friedrich observed in Ark's...

Facebook Inc (NASDAQ: FB) will host a virtual event for developers in June that could show off new updates and products. What Happened: Facebook will host developers at a single-day, virtual-only conference on June 2, TechCrunch reports. The event is called “F8 Refresh” and it will...

Spotify Technology SA (NYSE: SPOT) is hiring for a role in London or Stockholm related to its payments strategy — for driving activity related to cryptocurrencies of various hues and shades. What Happened: The Stockholm-based company posted a job ad, which lists in detail the responsibilities...

Roughly a year and a half after Facebook Inc. (NASDAQ: FB) announced it was creating a new digital currency, it has now rebranded that cryptocurrency as it continues to work toward regulatory approval. What Happened? On Tuesday, the Libra Association announced it's changing its name to the...