What is Diem?

Facebook-backed cryptocurrency Libra has been rebranded as “Diem” to gain regulatory approval by emphasising that the project has “organisational independence”. The independent organisation, Libra Association, which runs the Libra project will also be renamed as the Diem Association. Diem is a Latin term meaning “day”. Libra received criticism because of the possibility of it threatening ..

Month: Current Affairs - December, 2020

Category: International Current Affairs

Topics: Bitcoin • Bitcoins • Crypto Currencies • Crypto Currency • Cryptocurrency • Diem • European Union (EU) • Facebook • Facebook’s Cryptocurrency

What is Facebook’s Cryptocurrency ‘Libra’?

After months of speculations and rumours, Facebook has officially announced the details of its new global cryptocurrency called Libra. This Facebook owned cryptocurrency Libra will be launched by social media giant in 2020. LIBRA Explained The name Libra is a Roman unit of weight measure. Name is also tries to invoke a sense of financial ..

Month: Current Affairs - June, 2019

Category: Science & Technology Current Affairs

Topics: Bitcoin • blockchain technology • Calibra • Cryptocurrency • Ethereum • Facebook’s Cryptocurrency • Libra Association • Libra Blockchain • Libra Cryptocurrency • PayPal • PayU • Spotify • Uber