• Libra renamed Diem Association
    Cryptocurrencies,  Regulation

    Libra Association dumps ‘Libra’ for Diem

    The rebranded Diem Association will still pursue the launch of a global stablecoin, but in slower baby steps as regulatory hostility continues to grow

    First Facebook tried to distance its toxic name from the Libra stablecoin project it launched and championed by renaming its Calibra wallet Novi in May. Now the Libra Association is following suit, renaming itself the Diem Association in hopes of starting a “new day” for the much-opposed project.

  • German finance minister pans libra name
    Cryptocurrencies,  Politics

    I do not support cryptocurrencies: German Finance Minister

    The minister argued that the German and European banking systems need digital innovation, but without private digital currencies playing a role in it

    Scholz’s remarks concerning private digital assets—which arguably includes all cryptocurrencies and stablecoins—is just the latest confirmation that the financial system is improving as a way to protect itself from private competition.