{"id":2598,"date":"2022-01-26T22:12:38","date_gmt":"2022-01-26T21:12:38","guid":{"rendered":"https:\/\/monblogeur.tech\/index.php\/2022\/01\/26\/facebooks-cryptocurrency-project-diem-is-likely-coming-to-an-end-the-verge\/"},"modified":"2022-01-26T22:12:38","modified_gmt":"2022-01-26T21:12:38","slug":"facebooks-cryptocurrency-project-diem-is-likely-coming-to-an-end-the-verge","status":"publish","type":"post","link":"https:\/\/monblogeur.tech\/index.php\/2022\/01\/26\/facebooks-cryptocurrency-project-diem-is-likely-coming-to-an-end-the-verge\/","title":{"rendered":"Facebook\u2019s cryptocurrency project Diem is likely coming to an end &#8211; The Verge"},"content":{"rendered":"<div class=\"cfbc967f0983488262956e73eca9483a\" data-index=\"1\" style=\"float: none; margin:10px 0 10px 0; text-align:center;\">\n<script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3859091246952232\" crossorigin=\"anonymous\"><\/script>\r\n<!-- blok -->\r\n<ins class=\"adsbygoogle\" data-ad-client=\"ca-pub-3859091246952232\" data-ad-slot=\"1334354390\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script>\r\n\n<\/div>\n<p>Filed under:<br \/>\u201cCarpe diem,\u201d says Jack Dorsey<br \/>More than two years after it was first announced, the Facebook-sponsored cryptocurrency <a href=\"https:\/\/www.theverge.com\/2019\/6\/26\/18716326\/facebook-libra-cryptocurrency-blockchain-irs-starbucks\">formerly known as Libra<\/a> appears to be coming to an end. The Diem Association set up by Facebook to manage the digital token is exploring a sale of its assets after meeting resistance by regulators who opposed the initiative, according to a <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-01-25\/zuckerberg-s-stablecoin-ambitions-unravel-with-diem-sale-talks?sref=ExbtjcSG\">new report by <em>Bloomberg<\/em><\/a><em>.<\/em> <br \/>The U.S. Federal Reserve \u201cdealt the effort a final blow\u201d by putting pressure on Silvergate, the banking partner that Diem said it was partnering with last year to launch the token, <em>Bloomberg <\/em>reports. I\u2019ve also heard from someone involved that the Fed threatened Silvergate, putting the launch on ice.<br \/>A Diem Association spokesperson, Michael Crittenden, told <em>The Verge<\/em> that <em>Bloomberg<\/em>\u2019s story contained \u201csome factual errors\u201d but declined to comment further.<br \/>If Diem is indeed selling its assets, that may be an indication that the cryptocurrency can\u2019t find a way forward. Originally, Libra was meant to be a digital token backed by a basket of currencies from around the world, but regulators quickly halted that idea. So a simplified design was created, pegging a rebranded Diem token to the US dollar. Apparently that wasn\u2019t good enough.<br \/>There have been other recent signs that Diem may not see the light of day. Facebook, which now calls itself Meta, recently launched the digital wallet it originally built for the Diem coin <a href=\"https:\/\/www.theverge.com\/2021\/10\/19\/22734487\/facebook-novi-digital-wallet-pilot-program-payments-diem-cryptocurrency\">with another stablecoin from Paxos instead<\/a>. And David Marcus, the executive who originally proposed Libra and led Meta\u2019s digital wallet, <a href=\"https:\/\/www.theverge.com\/2021\/11\/30\/22810220\/facebook-crypto-david-marcus-novi-diem-meta\">left the company late last year<\/a> after most of the founding team behind the project jumped ship.<br \/>carpe diem <a href=\"https:\/\/t.co\/QTN2JzehUZ\">https:\/\/t.co\/QTN2JzehUZ<\/a><\/p>\n<p>Subscribe to get the best Verge-approved tech deals of the week.<br \/>Please confirm your subscription to Verge Deals via the verification email we just sent you.<\/p>\n<p><a href=\"https:\/\/www.theverge.com\/2022\/1\/25\/22901830\/facebook-meta-libra-diem-crypto-project-explores-sale\">source<\/a><\/p>\n<!--CusAds0-->\n<div style=\"font-size: 0px; height: 0px; line-height: 0px; margin: 0; padding: 0; clear: both;\"><\/div>","protected":false},"excerpt":{"rendered":"<p>Filed under:\u201cCarpe diem,\u201d says Jack DorseyMore than two years after it was first announced, the Facebook-sponsored cryptocurrency formerly known as Libra appears to be coming to an end. The Diem Association set up by Facebook to manage the digital token is exploring a sale of its assets after meeting resistance by regulators who opposed the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"googlesitekit_rrm_CAow1sXXCw:productID":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[],"class_list":["post-2598","post","type-post","status-publish","format-standard","hentry","category-non-classe"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/monblogeur.tech\/index.php\/wp-json\/wp\/v2\/posts\/2598","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/monblogeur.tech\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/monblogeur.tech\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/monblogeur.tech\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/monblogeur.tech\/index.php\/wp-json\/wp\/v2\/comments?post=2598"}],"version-history":[{"count":0,"href":"https:\/\/monblogeur.tech\/index.php\/wp-json\/wp\/v2\/posts\/2598\/revisions"}],"wp:attachment":[{"href":"https:\/\/monblogeur.tech\/index.php\/wp-json\/wp\/v2\/media?parent=2598"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/monblogeur.tech\/index.php\/wp-json\/wp\/v2\/categories?post=2598"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/monblogeur.tech\/index.php\/wp-json\/wp\/v2\/tags?post=2598"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}