Diem
Female-founded startup Diem wants to be the go-to social search engine for women and nonbinary folks
A startup called Diem wants to tackle the problem of “search engine gender bias,” where results can produce default male information, making many women feel unsatisfied by the answers they…
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Libra’s co-creator had geopolitical motivations to build the digital currency
Concerns while building Libra weren’t limited to China, though.
Three years after Facebook announced its ill-fated push into cryptocurrency, aka the Libra project, the tech giant has signalled another scaling back of its activity — announcing Friday that Novi,…
Ex-Meta employees raise $200M from a16z, Tiger, Multicoin to realize Facebook’s crypto dreams
Facebook’s audacious attempt at creating a crypto payments network met an unceremonious end earlier this year when Silvergate Capital acquired the Diem technology assets for $182 million. The deal showcased how…
Daily Crunch: 4 years after launch, fintech platform Esusu saddles unicorn with $130M Series B
Hello friends and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.
The Diem Association, a consortium of companies working on a blockchain-based payment system, is selling its technology assets to Silvergate Capital for $200 million, according to a report from the…
Facebook parent company Meta is losing its top crypto executive later this year. David Marcus who leads crypto unit Novi and previously helmed the company’s Messenger unit, announced Tuesday that…
Facebook is launching a small pilot of its cryptocurrency wallet named Novi. A limited number of people in the U.S. and Guatemala can sign up to Novi and start using…
Diem, a London, U.K.-based fintech startup, has raised a seed round of $5.5 million led by Fasanara Capital, and angel investor Chris Adelsbach, founder of Outrun Ventures. Additional investors include…
