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Death of Meta’s stablecoin project was ‘100% a political kill’ — Ex Diem boss

[Dec 1 11:22 PM] United States Treasury Secretary Janet Yellen supposedly convinced Federal Reserve Chair Jerome Powell into killing the project, the former Meta executive said.

Movement Labs Raises $38M for Rollup Based on Facebook's Move Language

[Apr 25 8:46 AM] Movement's 21 and 24-year-old co-founders say they are on a mission to "make blockchain security sexy" with the launch of their L2.

Congresswoman Maxine Waters Questions Meta’s Ongoing Crypto Efforts

[Jan 22 4:46 PM] A letter sent to the tech giant said it still has five active patents related to cryptocurrencies, despite the firm saying that it has no digital assets-related works ongoing.

Lightspark CEO David Marcus Profiles Bitcoin as Global Payment Network

[Sep 12, 2023 4:00 PM] David Marcus, CEO of Lightspark and co-creator of Diem, Meta’s failed cryptocurrency project, explained his intentions of turning Bitcoin into a global payments network. Marcus explained that there was no universal protocol for sending value…

Lightspark CEO David Marcus States Building on Bitcoin’s Lightning Network Is ‘Incredibly Complex and Hard’

[Aug 1, 2023 1:30 AM] David Marcus, CEO of Lightspark, a company that builds business-grade solutions to facilitate payments on top of the Lightning Network, shared his experience in developing on top of the Bitcoin scaling layer. Marcus stated that it is…

‘Bitcoin And Nothing Else’: Why Former PayPal, Meta Executive David Marcus Is Building On The Lightning Network

[Jun 9, 2023 8:22 AM] For nearly 25 years, virtually as long as online payments have been possible, David Marcus has been trying to figure out how to perfect them. In the mid-’90s he founded a telecom company that offered internet access along with telephone service. In…

Libra-related Sui blockchain fixes critical bug that put ‘billions’ at risk

[May 16, 2023 7:00 AM] The vulnerability was located in a file that translates human-readable code into machine language for storage.

Silvergate Capital Incurs Loss of $1 Billion in Q4 of 2022

[Jan 20, 2023 3:30 AM] Silvergate Capital Corporation, the parent firm of the crypto-focused bank Silvergate Bank, has attributed the $1 billion loss it incurred in the fourth quarter of 2022 to the confidence crisis that permeates the entire crypto ecosystem. While…

Report: Confirmation of Silvergate’s $8 Billion Deposit Plunge Sees Stock Price Drop by More Than 40%

[Jan 6, 2023 3:30 PM] The price of the crypto-focused bank Silvergate Capital’s shares fell by over 40% after it reported a more than $8 billion drop in customer deposits. The share price plunge came just days after U.S. prosecutors reportedly seized collapsed…