Thursday, 5 March, 2026
Zuckerberg's goal of launching a cryptocurrency comes to end
By Basit Ansari
<p>Diem, the Meta-backed cryptocurrency, is shutting down after multiple rebrands, congressional hearings, and high-profile personnel departures. Diem'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>
Read full story at The Verge
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