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Ex-Meta Coders Raising $200M to Bring Back Diem

In an initiative called Aptos, a group of former Meta coders familiar with the Diem (formerly Libra) stablecoin project are raising capital to bring the Diem blockchain back to life. “The Hash” discusses where Diem stands in the current blockchain ecosystem and potential venture capital interest.

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Finance

Ex-Meta Coders Raising $200M to Bring Diem Blockchain to Life: Sources

Aptos is eyeing a $2 billion valuation for its bid to bring the Diem blockchain into users’ hands, sources tell CoinDesk.

(Shutterstock, modified by CoinDesk)

Videos

IG Model Yanna Reacts to Instagram's Algorithm Change, Facebook's Rebrand to Meta and How It Affects Her Business

Following her appearance on "New Money" with Spencer Dinwiddie and Solo Ceesay, Instagram model Yanna joins CoinDesk's "After Show" to catch up with Ceesay and answer viewer questions. She reacts to the recent change in Instagram's algorithm since Facebook's rebrand to Meta. Plus, she hints at her own fitness line and shares advice with viewers on launching their own brands. "Keep building and building ... things will work out."

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Videos

What Is the Metaverse? An Animated Explanation

CoinDesk’s Christine Lee explains what the metaverse concept entails, going back to its roots in the 1992 sci-fi novel "Snow Crash" and what it means in the current tech and gaming ecosystems. Watch Christine’s animated avatar speak on Facebook's metaverse venture, potential sources of revenue for creators in virtual spaces and the role of NFTs.

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Finance

Silvergate to Continue Working With Regulators Ahead of Stablecoin Pilot Launch

The lender recently bought Meta’s stablecoin tech and assets.

Silvergate Bank to Discontinue Binance USD Deposits, Withdrawals

Markets

First Mover Asia: Bitcoin Is Flat in Muted Trading; Ether Declines

The largest cryptocurrency by market capitalization declined before recovering ground later in the day.

Bitcoin's price was roughly flat over the past 24 hours. (Getty Images)

Videos

The Sandbox Co-Founder Says Meta Acquisition Rumor Is 'Totally Fake'

Responding to swirling speculations Meta (formerly Facebook) is acquiring The Sandbox, co-founder and COO of the metaverse startup Sebastien Borget says "it's totally fake," adding, "I hope it will never be happening." Plus, his thoughts on what Meta is getting wrong about its metaverse plans and the wider race among tech giants to dominate metaverse technology.

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Markets

First Mover Asia: Crypto Prices Plunge Late After Weak Meta Earnings

Bitcoin and ether fell sharply after the company formerly known as Facebook said its virtual/augmented reality division lost $10 billion in 2021.

People taking a plunge. (Mike Powell/Getty Images)