Diem News

Congresswoman Maxine Waters raised concerns over Meta’s recent trademark filings related to crypto, seeking clarification on the company’s plans in web3. Rep. Maxine Waters (D-Calif.) sent a letter to Meta executives, seeking answers about Meta’s apparent intention to expand its…

Aptos is a Layer 1 blockchain that can be programmed in Move, where users can expect better scalability, dependability, security, and usefulness from the crypto. The startup is developing a platform for projects in Aptos to launch their tokens before…

Diem, the ambitious stablecoin project launched by Meta – previously known as Facebook – is reportedly considering shuttering its business, Bloomberg reports, January 26, 2022. A Mum End to Diem? Mark Zuckerberg’s Meta is considering selling all of Diem’s assets…

Tether and Facebook-backed Diem were the primary topics in the U.S. meeting of regulators recently. According to reports, the meeting was held to address the financial risks posed by stablecoins.  More Details About The Concern The President’s Working Group on…

In a milestone announcement, Pontem Network and Pinknode, two dApps on Polkadot, are partnering as per a press release on July 15. Developing Critical Infrastructure on Polkadot Ahead of Facebook’s Diem Blockchain Launch Pontem Network–which is building a replica of…

Switzerland-based Diem Association could reportedly launch its stablecoin pilot in 2021. However, the proposed pilot would be on a small-scale.  Diem’s Dollar-Pegged Stablecoin Pilot Could Begin in 2021 According to CNBC on Tuesday (April 20, 2021), an anonymous source revealed…

The European Central Bank (ECB) has requested EU lawmakers to confer bank control over the issuance of stablecoins within the region. Reuters reported today that the ECB, via a legal memo issued on February 19, requested exclusive rights to determine…

The Facebook and Coinbase-backed stablecoin, Diem–formerly Libra, has settled over 52 million transactions, on-chain test network results on Jan 28 reveals. Diem Test Network Results, Low TPS Findings reveal that 221k unique addresses had interacted with Diem. Out of this,…

The financial working group of the US government has indicated that Stablecoins must meet certain regulatory standards to be accepted in the country. This comes after the controversial stablecoin bill that has been proposed by US lawmaker Talib Rashid. More…