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Bitcoin enthusiast Jack Dorsey recently cheered Facebook Founder and Chief Executive Mark Zuckerberg's failed attempt at global payments with a dollar-backed stablecoin, Diem. Class A Report , has reportedly dropped plans to have its own currency and started liquidating assets from its Diem Association unit. Class A Report , on Wednesday tweeted, "carpe diem" while sharing the news. The Latin phrase means "seize the day" but more specifically diem was the stablecoin Facebook wanted to give to people to trade and make payments. Social media posts describe the development as "inevitable" and a "dumb idea" which even critics have earlier said was doomed to fail. Facebook was working on a project to let people to use its dollar-backed stablecoin, diem, to make transactions, after it tempered its original cryptocurrency ambitions over regulatory backlash.



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Why did WRX token jump 30% after India announced massive taxes on cryptocurrencies?


Bitcoin enthusiast Jack Dorsey recently cheered Facebook Founder and Chief Executive Mark Zuckerberg's failed attempt at global payments with a dollar-backed stablecoin, Diem. Class A Report , has reportedly dropped plans to have its own currency and started liquidating assets from its Diem Association unit. Class A Report , on Wednesday tweeted, "carpe diem" while sharing the news. The Latin phrase means "seize the day" but more specifically diem was the stablecoin Facebook wanted to give to people to trade and make payments.

Social media posts describe the development as "inevitable" and a "dumb idea" which even critics have earlier said was doomed to fail.

Facebook was working on a project to let people to use its dollar-backed stablecoin, diem, to make transactions, after it tempered its original cryptocurrency ambitions over regulatory backlash. Another Twitter user with the handle " Studio2bA" said, Zuckerberg is a control freak who does not belong to the crypto world characteristic of a decentralized internet.

Facebook's announcement of its own proposed virtual currency, Libra, in June was meant to accelerate the adoption of alternative currency and payment systems, lifting the prospects of other cryptocurrencies in the process. However, the company's plans drew instant scrutiny from regulators including the Federal Reserve, due to various policy concerns. Facebook had pitched the project for people who lack access to financial services and could use the company's instant messaging apps WhatsApp and Messenger to send money.

Facebook also assembled Libra Association to build this global cryptocurrency-based payments network with backing from financial partners including payment giants Visa V - Get Visa Inc. The two companies eventually withdrew their support from the project. The move comes at a time when Zuckerberg is transitioning the company away from its much-criticized social network and related family of apps and into what he calls an "embodied Internet" or the metaverse. For now, his legacy remains riddled with errors.

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A decentralized-finance project called Wonderland is being rocked by controversy following the disclosure that it was being run in part by a felon with ties to one of the biggest cryptocurrency scandals. Tokens related to the Avalanche blockchain-based protocol, one of the larger community-governed DeFi applications since its launch in September, have tumbled in value in the last 24 hours. Patryn, who also formerly went by Omar Dhanani before legally changing his name on two occasions, spent 18 months in U. The fiasco is another example of how investors in loosely-organized and under-regulated corners of the crypto market are being forced to reckon with growing pains as the industry matures. It also signals more headaches for the world of DeFi, which largely operates under a cloak of anonymity while facing increasing attention from regulators.

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Less Than Five Hours Before The NYSE Open, Twitter Is Down By 6%

Ftm vs hbar. Bitcoin The world of cryptocurrency is filled with unfamiliar terms, and all the jargon can be confusing to newcomers. October 20, Viewers must do their own research before investing, none of my videos are personal financial advice. Indodax Nasional Indonesia is not soliciting for users to buy or sell Crypto Assets, as an investment, or for profit.

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RELATED VIDEO: E419 - How is Bitcoin progressing and did Russia just cause a crypto sell off?

Quant achieves an average risk analysis based on InvestorsObserver research. The proprietary system gauges how much a token can be manipulated by analyzing much money it took to shift its price over the last 24 hour period along with analysis of recent changes in volume and market cap. The gauge is between 0 and with lower scores equating to higher risk while higher values represent lower risk. Find out what this means to you and get the rest of the rankings on Quant! Portfolio managers who heavily weigh risk assessment will find this gauge more relevant when attempting to avoid or discover more risky investments. QNT has traded

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