Libra
Will PayPal’s Stablecoin Shake Up Crypto Legislation Talks in Washington?
For some U.S. financial regulators, the ghost of Libra — the then-Facebook effort to establish a mass-appeal stablecoin — will forever haunt the debate over regulating stablecoins. "The Hash" panel discusses the parallels between Libra and fintech giant PayPal's newly launched PayPal USD (PYUSD). Plus, a closer look at how lawmakers are reacting to PayPal's dollar-pegged stablecoin debut.
Mysten Labs CEO on Sui Mainnet Going Live
Layer 1 blockchain Sui launched its mainnet this week, as it aims to edge out rivals like Aptos and other DeFi heavyweights. Evan Cheng, co-founder and CEO of the blockchain's core contributor Mysten Labs, shares insights into the benefits and opportunities of Sui and how it aims to stand out from the competition. Plus, Cheng reflects on the lessons learned from previously working on the Meta-led Diem project, formerly known as Libra.
A Technologist’s Approach to Explaining What Crypto Fixes
Co:Create co-founder Ankush Agarwal presents a user-centric guide to development, balancing Web3 technology’s potential with the needs of customers.
Aptos Is Not a Security: Anchorage General Counsel
Aptos token on the blockchain built by ex-Facebook staff as a continuation of Libra surged 36% over the weekend. Georgia Quinn of Anchorage Digital, the institutional custodian for Aptos Labs, discusses whether the token is a security.
Meta to Shutter Novi Crypto Payments Wallet in September, Ending Libra Saga
Three years into its stablecoin gambit, Meta’s final Libra dinosaur is going out the door.
Libra Creator David Marcus Begins New Lightning Network Venture, Lightspark
Details are vague, but Lightspark has raised an undisclosed funding round co-led by Andreessen Horowitz and Paradigm.
Ex-Meta Coders Raising $200M to Bring Diem Blockchain to Life: Sources
Aptos is eyeing a $2 billion valuation for its bid to bring the Diem blockchain into users’ hands, sources tell CoinDesk.
Where Is Diem Creator David Marcus Headed Next?
David Marcus, co-founder of the Diem project (formerly Libra) originally launched from Meta (formerly Facebook), tweeted Tuesday, predicting that bitcoin will be the No. 1 asset in the next 20 years, while the No. 2 asset is yet to be determined. This comes as Silvergate Bank confirmed Monday Diem is shutting down.
Diem May Be Gone, but Its Legacy Lives On
It's still not yet time to lay this much plagued stablecoin project to rest.
Diem Confirms Shutdown as Silvergate Acquires the Project’s Assets
CoinDesk’s Nikhilesh De weighs in on Silvergate Bank confirming Monday it’s purchasing the technology and other assets from Diem, the stablecoin project from Meta Platforms (formerly Facebook) announced as Libra in June 2019.
