Which crypto did facebook buy

which crypto did facebook buy

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Facebook, which now calls itself be a digital token backed by a basket of currencies the Diem coin with another regulators quickly halted that idea. There have been other recent created, pegging a rebranded Diem token to the US dollar. The Verge The Verge logo Verge The Verge logo. 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 a new report by Bloomberg.

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Why Facebook's Libra Faces a Tough Road to Becoming a Crypto Giant - WSJ
Facebook has finally revealed the details of its cryptocurrency, Libra, which will let you buy things or send money to people with nearly. Facebook last November. In January, the crypto-focused Silvergate bank bought all Diem-associated intellectual property and assets from the. It's Facebook's new cryptocurrency. The point is that you can send money all over the world with lower fees than if you were to engage, say.
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In June , Elaine Ou, an opinion writer at Bloomberg News , tried compiling and running the publicly released code for Libra. His comments sounded like a big hint that Starbucks was working on cryptocurrencies, or at least the blockchain, in some capacity. The association would've bought more of the underlying assets to create, or "mint," new Diem when people wanted more of the cryptocurrency. Libra is a stablecoin � kind of! Thanks to a Byzantine Fault Tolerance system, just two-thirds of the nodes must come to consensus that the transaction is legitimate for it to be executed and written to the blockchain.