Meteora Co-Founder Accused of Ties to MELANIA and LIBRA Scams
A class action lawsuit has been filed against DEX Meteora and its co-founder Benjamin Chow, alleging fraud related to the controversial meme tokens LIBRA and MELANIA.
Meteora Co-Founder Accused of Ties to MELANIA and LIBRA Scams
A class action lawsuit has been filed against DEX Meteora and its co-founder Benjamin Chow, alleging fraud related to the controversial meme tokens LIBRA and MELANIA.
On-Chain Analysts Link YZY Token to LIBRA as ‘Rapper’s’ Coin Plummets 60%
On August 21, rapper Ye (Kanye West) launched his own meme token. Within three hours of trading, the asset had plummeted by 60%.
Jack Dorsey criticises Meta for ‘wasted efforts’ on Diem
Facebook's plan (now Meta) to launch its own cryptocurrency was initially misguided, and the company would have been better off focusing on Bitcoin. This view was voiced by Jack Dorsey in an interview with MicroStrategy CEO Michael Saylor.
Bloomberg reports potential collapse of Meta’s Diem project
The Meta-backed stablecoin project Diem (formerly Libra) is unraveling under regulator pressure, Bloomberg reports.
Vitalik Buterin questions the prospects for Facebook and Jack Dorsey’s cryptocurrency ventures
Ethereum co-founder Vitalik Buterin has said he is sceptical about the prospects of Facebook and Twitter's plans to integrate digital currencies. He said this in an interview with Bloomberg.
Facebook to drop Diem in favour of third-party stablecoins
Novi Financial, the company behind the Diem project (formerly Calibra), is considering the possibility of collaborating with third-party stablecoin issuers.
US intelligence warns of a murky future for fiat currencies
Stablecoins and privately issued digital currencies threaten the dollar and the currencies of US allies. This is the conclusion of the National Intelligence Council’s report.
ECB seeks veto power over the launch of stablecoins such as Diem
The European Central Bank (ECB) has proposed to lawmakers to extend its powers to block the launch of global stablecoins such as the Diem coin, developed with the participation of Facebook (formerly Libra). Reuters reports.
Facebook confirms plans to launch Diem (formerly Libra) in 2021
Global regulators should grant Facebook-backed Diem and its Novi wallet a presumption of innocence and remove obstacles to their 2021 launch. This view is supported by David Marcus, head of Facebook Financial.
Facebook threatened with lawsuit over Libra rebrand
Chris Adelsbach, co-founder of fintech startup Diem, threatened to sue Facebook over using a similar name in renaming the Libra Association. This was reported by Sifted.
Germany’s finance minister brands Libra’s renaming ‘a wolf in sheep’s clothing’.
Something more than a simple rebranding of Facebook's cryptocurrency will be required to ease regulators' concerns about its launch in Europe. German Finance Minister Olaf Scholz said this, according to Reuters.We use cookies to improve the quality of our service.
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