Meta's Diem blockchain project was shut down due to political opposition, says co-creator David Marcus, despite regulatory efforts.
Political pressures led to Diem's failure, positioning Bitcoin as a potential future payment solution, according to co-creator David Marcus.
Ex-Diem executive claims Meta's stablecoin project was politically terminated, influenced by Janet Yellen and Jerome Powell.
The founder of Facebook's Diem project disclosed reasons for its closure, citing significant allegations.
David Marcus attributed the collapse of Facebook's Diem/Libra project to political intervention, specifically blaming Janet Yellen.
David Marcus claims political interference caused the collapse of Facebook's Diem stablecoin project, highlighting regulatory complexities. His allegations reflect a broader trend where crypto founders report targeted banking exclusions.
Facebook's Diem stablecoin project faced political and banking interference leading to its shutdown, according to a former executive.
Mysten Labs, founded by former Meta executives, contributed to the creation of Sui, a blockchain connected to the Diem project. The article guides readers on how to buy SUI Coin.
Franklin Templeton extends its on-chain fund to Aptos blockchain, advancing towards a decentralized financial future. Aptos supports decentralized app development, founded by ex-Meta's Diem team.
Franklin Templeton’s OnChain U.S. Government Money Market Fund (FOBXX) can now be traded on Aptos, the Layer 1 blockchain inspired by Meta’s discontinued Diem project.
Chris Burniske highlights the significance of the Move ecosystem, built by Meta for the Diem project, emphasizing Sui and Aptos.
