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New draft legislation on stablecoins in the United States House of Representatives proposed to impose a two-year ban on new algorithmically pegged stablecoins like TerraUSD (UST).The proposed legislation would require the Department of the Treasury to conduct a study of stablecoins similar to UST in collaboration with the United States
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“We are already leveraging the years spent on building capabilities for Meta overall on blockchain and introducing new products, such as digital collectibles,” Meta said in an emailed statement. “You can expect to see more from us in the Web3 space because we are very optimistic about the value these
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Details are vague, but Lightspark has raised an undisclosed funding round co-led by Andreessen Horowitz and Paradigm. Source
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This episode is sponsored by NYDIG.Download this episodeOn today’s episode, NLW does a retrospective of Facebook’s libra project, which was renamed late last year to diem. He argues that, whatever happens with diem specifically, it has a place in the historical record as the starting gun for a new era in
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Libra, initially an ambitious plan to make sending money across borders as easy as sending a text, was immediately met with scrutiny following its 2019 reveal. Marcus was the face of Facebook on Capitol Hill as the company sought the blessing of U.S. regulators before launching. Source
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Ether, the de-facto settlement token of the Ethereum blockchain, rallied on Monday after global payment giant Visa became the ledger’s latest supporter. The firm, which can handle 24,000 transactions per second, announced that it would offer users the option to settle transactions in Ethereum-based stablecoin USDC, becoming the first major payment
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Facebook has been hit with threats of legal action over its plan to rebrand the Libra stablecoin project to ‘Diem’ from a finance application of the same name.Facebook announced its plan to rebrand Libra on Dec. 1, with the firm claiming the new name would help the revamped project distance
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The Libra Association may have rebranded itself as Diem but that means little to German Finance Minister Olaf Scholz. According to a Reuters report, Scholz said in a statement that Libra’s rebranding as Diem was merely a cosmetic change. “A wolf in sheep’s clothing is still a wolf,” he said following
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Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cryptox in one link. Top Stories This WeekBitcoin price hits new all-time high as
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The world’s largest music streaming service is on the hunt for a new associate director to lead its activity within the Libra stablecoin project, recently rebranded to Diem.According to an announcement, Spotify is looking for an associate director to join its Payment Strategy and Innovation team. The successful candidate will
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