Explore the history and developments of Libra, Facebook’s former digital currency project. Stay informed on its regulatory challenges, rebranding to Diem, and its impact on stablecoin and digital currency policy.
Federal Judge Jennifer Rochon lifted the freeze on LIBRA creator Hayden Davis’s crypto assets, permitting monthly transfers of tokens worth millions while he faces ongoing legal challenges in Argentina.
Hayden Davis admits LIBRA was a memecoin as a primary crypto transfer during the Milei meeting, which fuels new fraud questions.
KIP Protocol distances itself from allegations, denying involvement in the LIBRA token collapse, as potential legal action looms amid growing scrutiny.
President Milei’s promotion of LIBRA token led to a massive pump-and-dump scheme, causing billions in losses and triggering legal actions, while he claims he merely “shared” the project.
Much like Libra, Trump’s coin initially surged on hype before collapsing, leaving many retail investors in financial ruin.
“The recent news [LIBRA scandal] should be taken not as a reason to give up, but rather as an example of why education is so important.” – Vitalik Buterin
The launch of the LIBRA meme coin, promoted by Argentine President Javier Milei, resulted in a significant market pump and dump, leaving 86% of traders with losses.
The resignation follows accusations of insider trading linked to the Libra token’s dramatic rise and fall.
“I ask everyone not to jump to conclusions and be as kind to him as possible as he seeks to clear his name,” said Meow.
With the meme coins putting a negative impact on Solana, SOL price dropped to a crucial support under $200. As the supply pressure is growing and a new wave of SOL token unlock is on the horizon, is Solana crashing back to $135?
Wallets associated with MELANIA’s creator were found to have participated in transactions related to the LIBRA meme coin, profiting from both token launches.
Amid the Facebook Novi launch, some federal legislators want the social media giant to discontinue the project.
Users in the enlisted areas would be able to send and receive USDP in their Facebook Novi wallets, with Coinbase providing custody.
The surge in Facebook revenue in Q1 can be attributed to a 30% rise in the average price per advertisement.
Currently, Diem Association is in talks with the Swiss financial regulators to secure a payment license.