What happened? After receiving substantial pushback from U.S. and international regulators, Facebook is seeking to rebrand, recalibrate, and relaunch its digital currency project, Libra.
Renaming the wallet development Division to “Novi,” Facebook is leaving behind ambitions to create a fully decentralized global Facebook cryptocurrency, and instead, is focusing on creating a set of nation-backed digital…
On March 24, 2020, Judge Castel of the United States District Court for the Southern District of New York issued an order granting the SEC's motion to enjoin Telegram Group, Inc. and its affiliate corporation TON Issuer, Inc. (collectively, "Telegram") from distributing "Gram" tokens - a digital cryptocurrency to be used in connection with the…