FinTech

The last remnant of Facebook’s crypto project shuts down September 1

The logo for Diem, formerly known as Libra, is seen is displayed on a smartphone screen with a Facebook logo in the background. Pavlo Gonchar | SOPA Images | LightRocket via Getty Images Meta plans to shutter its Novi digital wallet on Sept. 1, just eleven months after the company formerly known as Facebook debuted …

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Crypto Regulation in Europe Has Rules for Stablecoins and More. What to know.

Text size The EU is at the forefront of regulating crypto. AFP via Getty Images New rules in the European Union require cryptocurrency businesses to operate with a license and mandate that stablecoin issuers hold reserves like those banks have, part of a landmark effort by the bloc to regulate a chaotic sector. Following almost …

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Voyager Digital suspends all trading, deposits, and withdrawals

With more than 19,000 virtual currencies in existence, the cryptocurrency industry has likened the current state of the market to the early years of the internet. Industry players said however that most of these coins will collapse. Nurphoto | Getty Images Digital asset brokerage Voyager Digital has paused all customer trading, deposits, withdrawals and loyalty …

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