Friday, 24 March, 2023

Zuckerberg's goal of launching a cryptocurrency comes to end

<p>Diem, the Meta-backed cryptocurrency, is shutting down after multiple rebrands, congressional hearings, and high-profile personnel departures. Diem&#39;s creators disclosed on Monday that they sold their assets for roughly $200 M to a crypto-focused bank it was working with last year during the launch of a crypto linked to the US dollar. Diem was designed to be more transparent and regulator-friendly than many other stablecoins.</p>