• Libra renamed Diem Association
    Libra Association CEO Stuart Levey's first big act as CEO is to... rebrand as the Diem Association (Photo: 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

    December 1, 2020 /

    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.

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  • Facebook ditches Calibra name
    Will a new name help Facebook's Calibra wallet end confusion with Libra? Or distance Facebook from Libra? (Photo: Novi)
    Cryptocurrencies,  Politics

    Facebook ditches Calibra name and renames crypto wallet ‘Novi’

    Facebook’s Libra frontman and Calibra CEO David Marcus says the change is designed to alleviate ‘confusion.’ Conveniently, it will also help distance Libra from Facebook, whose poor reputation is an anchor around the neck of the stablecoin

    May 26, 2020 /

    First, the Libra Association underwent a radical overhaul in an attempt to make Facebook’s controversial stablecoin project more palatable to investors. Now, the embattled social network’s cryptocurrency wallet, Calibra, is getting a new name, too.

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