diem
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PayPal Dives Into Crypto Madness With Dollar-Pegged Stablecoin
PayPal is diving into the messy world of crypto with a new stablecoin pegged to the US dollar, aptly and uninventively named PayPal USD. The company’s entrance into the industry comes at a time of deep regulatory uncertainty as federal agencies and lawmakers continue to grapple with the fallout of multiple major crypto implosions last…
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Facebook’s Crypto Project Is Officially Dead
Facebook’s long-term stablecoin project, Diem, is finally shutting down. On Monday, an outside investment firm, Silvergate Bank, confirmed it was buying $US182 ($253) million worth of Diem assets from the tech giant, marking the end of a long-coming — and pretty tumultuous — exit.
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Amazon to Accept Bitcoin by End of 2021 and Develop Own Currency by 2022: Report
Amazon has plans to accept the cryptocurrency bitcoin by the end of 2021, according to an anonymously sourced report in the London newspaper City A.M. And while this is just the word of one anonymous “insider” at the Seattle-based mega-retailer, bitcoin’s price skyrocketed overnight and it’s creating a lot of buzz in the world of…
