De taskforce heeft nieuwe regels voorgesteld die agressieve tracering van cryptocurrency en strengere vergunningsvereisten voor bedrijven die met digitale activa omgaan, mogelijk maken.

De taskforce bestaat uit wetshandhavers

Overheid en bedrijfsleven hebben de handen ineengeslagen om een grote toename van ransomware te bestrijden, waarbij een nieuw gevormde ransomware taskforce oproept tot nieuwe maatregelen om Bitcoin- en cryptokapitaalstromen agressiever op te sporen.

De taskforce bestaat uit wetshandhavers, waaronder agenten van de FBI en de Amerikaanse geheime dienst, die samenwerken met vertegenwoordigers van toonaangevende beveiligingsbedrijven en techbedrijven.

Volgens een rapport van Reuters van 29 april waarin anonieme bronnen van de taskforce van het ministerie van Justitie worden geciteerd, roept de groep op tot nieuwe richtlijnen die zijn ontworpen om de anonimiteit van de overdracht van digitale activa te doorbreken, die binnenkort door het Congres zullen worden beoordeeld.

De voorgestelde maatregelen omvatten aangescherpte KYC-vereisten voor crypto-activabeurzen, uitgebreide vergunningsvereisten voor entiteiten die met cryptocurrencies werken, en het uitbreiden van antiwitwaswetten om de activiteiten van crypto-omzettingskiosken en geldautomaten beter te onderzoeken.

De groep steunt ook de push van het Financial Crimes Enforcement Network om de rapportagevereisten voor transacties met een waarde van meer dan $ 10.000 te verhogen.

Zei dat de voorgestelde richtlijnen ook „enorm“

Een ambtenaar van Homeland Security zei dat de voorgestelde richtlijnen ook „enorm“ zouden zijn voor de inspanningen van de rechtshandhavingsinstanties om drugshandelaars, mensensmokkelaars en andere actoren die zich bezighouden met illegale activiteiten onder de dekmantel van crypto-pseudonimiteit te bestrijden.

„Dit is een wereld die precies is gecreëerd om anoniem te zijn, maar op een gegeven moment moet je iets opgeven om ervoor te zorgen dat iedereen veilig is,“ zei hij.

De voorgestelde regels zijn bedoeld als reactie op een recordjaar voor ransomware-aanvallen, waarbij de taskforce schat dat ransomware-syndicaten in 2020 bijna 350 miljoen dollar hebben geïncasseerd – een stijging van 200% ten opzichte van het voorgaande jaar. Het leeuwendeel van de winsten werd behaald door overheidsinstanties, ziekenhuizen, onderwijsinstellingen en particuliere bedrijven als doelwit te nemen.

De taskforce heeft ook bewijs gevonden dat suggereert dat veel ransomware-exploitanten vriendschappelijke banden hebben met Noord-Korea, Rusland en andere landen waarvan de belangen tegengesteld lijken aan die van de Verenigde Staten.

Bij de aankondiging van het team vorige week schreef plaatsvervangend procureur-generaal John Carlin:

„Hoewel het ministerie belangrijke stappen heeft ondernomen om cybercriminaliteit aan te pakken, is het absoluut noodzakelijk dat we alle bevoegdheden en middelen van het ministerie inzetten om de vele dimensies en onderliggende oorzaken van deze dreiging aan te pakken.“

Después de un edicto de permanecer „centrados en la misión“, los ejecutivos de Coinbase han logrado hacerse una fortuna.

Los informes de actividad privilegiada de las acciones de COIN de Coinbase indican que varios inversores y ejecutivos iniciales vendieron miles de millones en acciones poco después de la cotización directa de COIN.

Si bien las presentaciones indicaron inicialmente que varios ejecutivos vendieron un alto porcentaje de su participación en la compañía, un representante de Coinbase le dijo a Cointelegraph que los vendedores mantienen fuertes posiciones de propiedad

Los datos de Capital Market Laboratories y confirmados por las presentaciones en el sitio web de Relaciones con Inversores de Coinbase muestran que un total de 12,965,079 acciones fueron vendidas por personas con información privilegiada, por un valor de más de $ 4.6 mil millones al cierre de COIN de $ 344.38 por acción el viernes.

Las transacciones notables incluyen a la directora financiera de Coinbase, Alesia Haas, que vendió unas 255.500 acciones a un precio de $ 388,73 (aunque su Form 4 indica que retiene opciones), mientras que el director ejecutivo Brian Armstrong vendió 749.999 acciones en tres transacciones a varios precios, obteniendo un total de $ 291.827.966.

Según su divulgación del Formulario 4, después de la venta, Armstrong retiene 300,001 acciones por valor de más de mil millones de dólares. Sin embargo, en una presentación previa a la cotización directa, se informó que tenía 36.851.833 acciones, lo que indica que vendió poco más del 2% de su participación en la empresa.

Los datos de Capital Market Laboratories no indicaron que ningún director o información privilegiada comprara acciones adicionales, solo vendiera. Las ventas también se pueden ver en el evaluador SEC Form 4 de OpenInsider

Un representante de Coinbase le dijo a Cointelegraph que estos servicios de informes no informan con precisión el porcentaje de participación accionaria de cada ejecutivo, y que las ventas representan solo una fracción de la propiedad del ejecutivo y de los iniciados.

Los informes provocaron burlas y diversión en las redes sociales, y muchos observadores compararon las ventas con un clásico „bombeo y descarga“ en el que los iniciados y los miembros del equipo vierten tokens en la liquidez minorista poco después de una cotización.

Si bien los primeros inversionistas y ejecutivos buscaban sacar provecho, hay al menos un puñado de compradores importantes. La administradora de fondos de cobertura, Cathie Wood, está haciendo una gran apuesta en el intercambio, después de haber comprado más de $ 350 millones en acciones para tres ETF de Ark diferentes .

Del mismo modo, muchos empleados de Coinbase ahora tienen participación en la empresa, ya que 1.700 empleados de Coinbase recibieron 100 acciones cada uno como un „agradecimiento“ de la empresa.

A principios de este año, Coinbase se vio envuelto en una serie de titulares negativos relacionados con el manejo del CEO Brian Armstrong de una nueva política que restringía el enfoque en los problemas políticos y sociales en el trabajo. Armstrong insistió en que la empresa se mantenga „centrada en la misión“, y la misión de la empresa incluye el objetivo de convertirse en „la marca global líder para ayudar a las personas a convertir la moneda digital dentro y fuera de su moneda local“.

Institutions continue to predict a $100,000 price for Bitcoin

Even as Bitcoin struggles to regain its recent high at $42,000, many continue to believe that the price will touch $100,000 by year’s end

Despite Bitcoin’s recent slowdown, with the price currently around $32,000, the leading cryptocurrency is still showing strong technical factors after a rise of almost 40% in the last thirty days. Not only that, even following the correction of the last few days, which has Crypto Bull seen the digital asset retreat from its just-established all-time high at around $42,000 to its current value, Bitcoin is still in the black over the last 12 months, recording almost 300% growth.

In this regard, since the fourth quarter of 2019, several mainstream financial players have been predicting big things for Bitcoin (BTC), especially as governments around the world continue to print money in the form of „economic stimulus packages,“ spreading fear of inflation and an impending economic disaster that could potentially result in an unprecedented global recession.

For example, during the second quarter of 2020, the US economy experienced an unparalleled slump. The gross domestic product of the world power, which outlines a nation’s total output of goods and services, fell by 31.4%.

In the wake of these developments, including money printing at alarming rates by central banks around the world, many investment firms and banking institutions are beginning to see a future for Bitcoin, especially as a hedge against currency inflation, despite its current levels of volatility.

Many institutions see BTC at $100,000 and beyond

In the early days of the year, the strategy team at US banking conglomerate JPMorgan Chase, led by Nikolaos Panigirtzoglou, said that a theoretical target of $146,000 and above could be sustainable for BTC by the end of 2021, furthering the narrative that sees the digital currency as an excellent candidate to replace gold as a long-term store of value, especially for a nascent base of younger, tech-savvy investors.

Similarly, new data released by investment firm and hedge fund Pantera Capital confirms JPMorgan’s sentiment regarding BTC, suggesting that its price action is accurately following the Stock-to-Flow model, reaffirming the belief that the digital asset will reach $115,000 by August 1.

The S2F model developed by PlanB studies BTC’s halving events that occur about every four years, and how they play a direct role in boosting the coin’s value about six months after each cycle. In this regard, it is clearly visible that following each of the previous three halving events, Bitcoin has seen considerable growth. For example, after the halving in May 2020, the price of 1 BTC was equivalent to $8,000: exactly six months later it had crossed the $15,000 level.

Raiffeisen Bank also used the S2F model in a recently published report to determine the potential direction of Bitcoin in the near future. According to the company’s research team, the price could reach targets beyond the $100,000 mark. „Now that the value has more than tripled in 2020 and momentum remains strong, further gains in the future should not be surprising,“ the study explains.

Other notable traders in the world of mainstream finance bullish on BTC in the short term include individuals such as Andy Yee, Public Policy Director for Greater China at cross-border payments provider Visa, who believes this rally is different from that of 2017, as it marks a transition from highly speculative, featureless tokens to Bitcoin and Ether (ETH).

El Órgano Regulador Financiero de Dubai planea desarrollar un marco regulador criptográfico

La Autoridad de Servicios Financieros de Dubai (DFSA) reveló planes para introducir políticas para regular la industria de la criptografía.

Según los medios de comunicación locales The National, el martes (19 de enero de 2021) la DFSA, el regulador financiero del Centro Financiero Internacional de Dubai (DIFC), un centro financiero para el Oriente Medio, África y el sur de Asia, está tratando Profit Secret de regular los activos criptográficos. El plan de reglamentación de la DFSA en materia de criptografía se reveló en su plan de actividades para 2021/2022.

Una parte del plan de negocios publicado el lunes señaló que el marco regulatorio del DIFC incluiría activos digitales como las criptodivisas y los valores simbólicos.

Hablando sobre el marco regulatorio de la DFSA propuesto para la criptografía, Peter Smith, el jefe de estrategia, política y riesgo del regulador, dijo que habría dos documentos de consulta que requieren retroalimentación sobre la regla de criptografía propuesta que se introduciría en el primer y segundo trimestre de 2021.

Smith también comentó sobre el alcance de la regulación de la DFSA, declarando:

„Trataremos de regular una amplia gama de activos digitales, incluidos los símbolos de seguridad, los símbolos de utilidad, los diversos tipos de símbolos de intercambio (o de pago), como las criptodivisas [y] las empresas que prestan servicios pertinentes en esos mercados“. Reglamentaremos estos mercados de manera proporcionada y meditada, aprovechando las mejores prácticas de todo el mundo“.

Mientras tanto, Abu Dhabi ya tiene un marco regulador de criptografía. Como informó BTCManager en 2018, la Autoridad Reguladora de Servicios Financieros (FSRA) del Mercado Global de Abu Dhabi introdujo directrices para la industria de la criptografía. La FSRA también dio luz verde a los intercambios criptográficos como el Intercambio de Activos Digitales y BitOasis en 2019.

Fuera de los Emiratos Árabes Unidos, más países introducen políticas de reglamentación de la criptografía a medida que la industria sigue desarrollándose. En diciembre, un proyecto de ley de reglamentación de la criptografía presentado al parlamento ucraniano se escaló en primera lectura.

El Pakistán también está trabajando para introducir un marco regulador de la criptografía

En septiembre de 2020, la Comisión de Valores y Bolsa de Nigeria (SEC) anunció planes para regular la naciente industria con su programa de tres puntos. La Red de Aplicación de Delitos Financieros de los Estados Unidos (FinCEN) también reveló su propuesta de regulación de las carteras criptográficas, que recibió el respaldo de la comunidad criptográfica. Tras los llamamientos para que la oficina ampliara el período de comentarios, la FinCEN anunció una ampliación de la ventana de comentarios en enero de 2021.

One year after the licensing requirement for crypto service providers came into force, the Austrian Financial Market Authority presented an initial inventory.

The Austrian Financial Market Authority (FMA) published a press release on the current status on January 7th, one year after the mandatory registration for crypto service providers came into force at the beginning of 2020 .

Control of crypto service providers

To date, 40 applications have been made in connection with the tightening of anti-money laundering regulations for crypto exchanges , wallet operators and other crypto service providers, of which 18 have resulted in the issue of a corresponding license.

According to the FMA, the 18 registered companies are “mostly service providers who operate electronic wallets and exchange platforms”. The following comment by Immediate Edge scam board members Helmut Ettl and Eduard Müller makes it clear how important the top financial market supervisors in Austria treat the issue:

“The FMA pursues a clear zero tolerance approach in the area of money laundering and terrorist financing. Aware of the risks associated with virtual currencies, we closed another gap in the previous year and introduced the registration requirement for companies that are active in this area. „

The ongoing supervision of already registered companies will also be a focus of the FMA’s supervision in 2021, the two board members added.

The FMA follows the “principle of proportionality”, according to the notification, to which the respective intensity of supervision will be adjusted. In addition to company size, their “business model and the associated risks of being misused for money laundering or terrorist financing purposes” are taken into account. Risk factors, such as the exploitation of anonymity, identifying and mitigating the concealment of the source of funds, would always be taken into account.

Similar legal situation in Germany

In Germany , too, crypto exchanges and custodians have been subject to a license requirement for around a year. Crypto values such as crypto currencies and security tokens were in the list of official financial instruments through an amendment by the end of 2019 been included . As a legal consequence, the existing regulatory provisions for financial instruments also apply to crypto values. On the state of current licensing informed the supervisory authority BaFin recently in December 2020th

Patrick Byrne è stato il ragazzo poster per l’adozione aziendale della Bitcoin. Ha passato gli ultimi mesi a spingere le teorie di cospirazione elettorale.

In breve

Patrick Byrne è stato uno dei primi sostenitori di Bitcoin come ex CEO di Overstock.
La sua azienda è stata il primo grande rivenditore ad accettare la Bitcoin.
È stato bandito da Twitter dopo aver sostenuto le teorie di cospirazione.

Patrick Byrne, l’ex CEO di Overstock.com e un evangelista di Bitcoin, è stato definitivamente bandito da Twitter.

Byrne divenne una specie di luminare della crittovaluta. Byrne era saltato in tre anni prima che il prezzo di un singolo Bitcoin Era raggiungesse i 1.000 dollari, il che lo ha reso uno dei primi ad adottare il mondo degli affari. L’amministratore delegato era Michael Saylor prima che chiunque in crypto avesse sentito parlare di Michael Saylor, un evangelista schietto per Bitcoin con un occhio di riguardo per la pubblicità.

Il suo account è stato rimosso ad un certo punto martedì. Twitter non ha ancora risposto a una richiesta di commento da parte di Decrypt, ma la sospensione deriva probabilmente dalle sue continue affermazioni secondo cui le elezioni americane del 2020 sarebbero state truccate – affermazioni che hanno assunto un tono più serio dopo che la scorsa settimana il Campidoglio americano è stato invaso dai protestanti Pro-Trump.

La sospensione arriva dopo i recenti divieti di Twitter per i seguaci di Qanon, un gruppo cospirativo pro-Trump che crede che il presidente stia combattendo una guerra dietro le quinte contro una cabala di „stato profondo“, per lo più pedofili democratici.

Secondo un post su Twitter del 12 gennaio, ha rimosso 70.000 account QAnon da venerdì. La società di social media ha scritto: „Questi account erano impegnati a condividere su larga scala contenuti dannosi associati a QAnon e si sono dedicati principalmente alla propagazione di questa teoria della cospirazione in tutto il servizio“.

Anche se Byrne potrebbe non essere un aderente a QAnon, i suoi post potrebbero essere facilmente interpretati come „associati a QAnon“. Proprio ieri, Byrne ha affermato in un’intervista che c’è una „presa di potere del Partito Comunista“ negli Stati Uniti.
I teorici della cospirazione anti-Vaxer hanno un nuovo sorprendente obiettivo

Non molto tempo fa, Byrne era noto per qualcosa di completamente diverso.

Nel gennaio 2014, con Byrne al timone, il venditore di mobili Overstock.com è diventato il primo rivenditore online con oltre 1 miliardo di dollari di vendite annuali ad accettare Bitcoin come pagamento. Byrne è stato anche la forza trainante di Medici Ventures, l’iniziativa dell’azienda, che ha lavorato su tutto, dai sistemi basati su blockchain per il vino alla piattaforma digitale di negoziazione di titoli tZero.

• BTC
• +80.75%$34,779.62
• 24H7D1M1YMAX
• Prezzo BTC

E negli ultimi due mesi è tornato alla sua vecchia schiettezza. Ma non su Overstock, dove l’anno scorso è stato costretto ad andarsene dopo aver dichiarato di essere stato coinvolto sentimentalmente con una spia russa. E non riguardo a Bitcoin. Riguardo alle elezioni.

L’entusiasmo cripto-moneta e le teorie cospirazioniste non si sono mai esclusi a vicenda, ma la recente corsa di Byrne lo pone ai margini degli adottanti di Bitcoin.

Dopo le elezioni, Byrne ha dichiarato di aver finanziato un team di „hacker e cybersleuth“ che ha raccolto le prove che i risultati delle elezioni erano fraudolenti.

Recentemente, Byrne ha appoggiato le teorie secondo cui dietro le violenze al Campidoglio degli Stati Uniti c’era Antifa e che l’Italia, l’agenzia di spionaggio britannica MI6 e la CIA hanno cospirato per usare i computer militari per alterare i risultati elettorali in 17 stati americani.

Byrne, che dice di non aver votato per il presidente Trump, è comunque entrato nell’orbita del presidente da novembre. Ha detto di aver incontrato Trump nello Studio Ovale il 18 dicembre.

Lo stesso Trump è stato rimosso da Twitter la scorsa settimana dopo che la società di social media ha citato diversi tweet come incitamento alla violenza. In precedenza, Sidney Powell, che ha intentato diverse cause legali senza successo per frode elettorale e l’ex consigliere di Trump per la sicurezza nazionale Michael Flynn, entrambi associati a QAnon, sono stati banditi dalla società di social media.

An increase of more than 20% accompanies the 12-hour bounce of Bitcoin by $30,000, but questions about the events are increasing.

Bitcoin (BTC) recorded its most successful recovery in history on January 12 after testing the $30,000 support level, but market participants are already suspicious.

Cointelegraph Markets and TradingView data followed Bitcoin as it quickly bounced back to the $30,250 lows at the end of Monday to seal a 20% gain in just over 12 hours.

Mark Cuban says crypto-currencies are „exactly like the Internet stock bubble.

Guggenheim sales tips under scrutiny

The return of Bitcoin, which occurs even faster than its previous weekend drop, marks Bitcoin’s best daily performance, both in terms of US dollars and percentage. The numbers will be confirmed once the daily candle is closed, with levels at the close of this edition approaching a local high of $36,600.

However, as soon as the recovery began, concerns arose about the authenticity of recent market movements.

The short-term trajectory of Bitcoin’s price could be discouraging, says Celsius CEO

The popular market analyst and Cointelegraph contributor filbfilb argued that the strength of the rally contradicted what amounted to market manipulation, thanks specifically to the disruptions to the exchange and the unofficial advice from the Guggenheim asset manager to sell at lower price levels.

„Unbelievable what is possible when you can bid in the market,“ he said in a series of tweets.
BTC/USD 12-hour candlestick chart (Bitstamp) with recovery data. Source: filbfilb/ TradingView

As Cointelegraph reported, Guggenheim CIO Scott Minerd advised investors that it was „time to take some money off the table. The company is waiting for permission from the US authorities to buy Bitcoin through the Grayscale Bitcoin Trust (GBTC), and in the meantime Minerd’s words quickly earned him criticism for deliberately lowering the price.

Exchanges Get Attention

For the big exchanges Coinbase and Kraken, on the other hand, the advertising headache continued. As Bitcoin’s fall accelerated from $38,000 to the lows, both trading platforms recorded characteristic interruptions, causing traders to lose control of their orders. The domino effect, as statistician Willy Woo later warned, affected the entire market and even made the price drop worse.

„The sale of the spot market began at around $38,000, then Coinbase partially failed to register purchases, causing its price to fall $350 more than the others; this brought down the price of the index that futures exchanges use to calculate leverage financing, causing downward havoc in the speculative markets,“ he explained on Monday.

„Unlike the previous falls of the last two years, in which over-leveraged markets led to liquidation of traders, this one started in the spot markets, then expanded greatly by a single exchange that partially failed, but was not interrupted for the sake of the ecosystem.

Fintech Lemon Cash receives $1 million investment

Woo also asked why the futures exchanges did not remove Coinbase from their listings to stabilize the consequences.

Customers seemed unconcerned. As software developer and commentator Vijay Boyapati noted, Coinbase’s volumes were over 101,200 BTC ($3.6 billion) in the 24 hours to early Tuesday, something he estimates led to gains of up to $175 million.

„As much as I dislike Coinbase, its IPO is going to be a major catalyst for the entire market when it happens,“ he said in accompanying comments.

„A lot of capital is going to flow from the stock market to the #Bitcoin market this way.

Vandaag is een ietwat speciale dag omdat het precies tien jaar is sinds de laatste openbare activiteit van Satoshi Nakamoto.

Het jaar is 2020 en ’s werelds toonaangevende cryptocurrency, Bitcoin, wordt verhandeld voor meer dan $ 19.000 – een onvoorstelbare stijging van de dollarwaarde sinds het begin

BTC wordt beschouwd als de best presterende asset van het decennium en vertoont geen tekenen van vertraging, vooral niet in de huidige omgeving van een wereldwijde pandemie en het potentieel van een ernstige financiële crisis.

Interessant genoeg, precies 10 jaar geleden op deze dag, liet Satoshi Nakamoto, de persoon (of groep mensen) die het allemaal begon, het laatste openbare bericht achterwege voordat het verdween, om nooit meer te worden gezien.

10 jaar geleden deed Satoshi zijn laatste verklaring

Satoshi Nakamoto is de pseudonieme maker van het netwerk van Bitcoin. Veel mensen zouden graag willen weten wie deze persoon (of groep mensen) zou kunnen zijn, maar tot op heden blijft dit grotendeels onbekend.

Wat we wel weten, is dat Satoshi op deze datum, in 2010, voor het laatst actief was op het populaire Bitcointalk- forum in een discussie over de weerstand van het netwerk tegen DoS-aanvallen.

In ieder geval was de mysterieuze maker van de meest populaire cryptocurrency sindsdien nooit meer te zien. Tot op heden is er geen openbaar beschikbare en verifieerbare informatie die de identiteit van Satoshi Nakamoto definitief vaststelt.

Niettemin hebben sommigen geprobeerd het publiek ervan te overtuigen dat zij inderdaad verantwoordelijk zijn voor de creatie van Bitcoin. De meest beruchte zaak is die van Craig Wright. Tot op heden heeft hij echter geen legitiem bewijs geleverd dat zijn beweringen bevestigt. De hele gemeenschap is in ongeloof als het gaat om zijn uitspraken dat hij Satoshi Nakamoto is, en Wright is zo ver gegaan dat hij iedereen aanklaagt die anders beweert. Tot nu toe ging dit niet in zijn voordeel .

Wat weten we over Satoshi?

Er zijn enkele interessante feiten die misschien niet zo populair zijn over Satoshi, hoewel sommige van de meest opwindende dingen grotendeels openbaar zijn en voor iedereen beschikbaar zijn om te onderzoeken.

We weten zeker dat het zijn pseudoniem was dat werd gebruikt als auteur van de whitepaper van Bitcoin – een document dat de weg effent voor een onveranderlijk, censuurbestendig netwerk dat later een aanwinst van meerdere miljarden dollars zou worden dat veel van de meest gerenommeerde investeerders in de de wereld zou een alternatief voor goud noemen.

Afgezien van enkele technische aspecten rond de betrokkenheid van Bitcoin en Satoshi, is er echter niet veel om mee te doen. In ieder geval niet tot voor kort.

Zoals CryptoPotato eind november meldde, suggereerde onderzoek dat Satoshi Nakamoto’s activiteiten van 2008 tot 2010 plaatsvonden terwijl hij in Londen was op het moment dat BTC live ging. Ondanks het „redelijke vertrouwen“ dat het rapport beweert te hebben, is er nog steeds geen idee over zijn werkelijke identiteit.

Wat in ieder geval zeker is, is dat hij ons een protocol heeft nagelaten dat al zijn sporen heeft nagelaten in de wereld van fintech en een voortrekkersrol heeft gespeeld in een industrie, momenteel bevolkt door honderdduizenden specialisten, die onvermoeibaar werken om mensen een alternatief te bieden voor gecentraliseerde systemen.

A London FinTech start-up wants to stand up to the planned Facebook Coin Diem (formerly: Libra): It claims the name DIEM for itself.

But the decision to rename Libra to Diem was apparently made over a year ago

The fact that Facebook has to take into account many legal pitfalls with its planned cryptocurrency is made clear by the increasingly louder concerns of finance ministers, central banks and regulatory authorities . Now the Facebook Coin, which has long operated under the name Libra, could also face trademark consequences. The reason lies in the recently adopted rebranding where Libra in „Diem“ rechristened was. The problem: the name is already taken.

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A FinTech start-up from London claims the name. This is reported by the FinTech news portal Sifted. There, Geri Cupi, co-founder and CEO of the start-up founded in 2020, is indignant:

We were amazed on December 1st to find out that Facebook’s Libra Foundation had decided to rename their brand to Diem … As a small start-up, we are concerned that customer confusion resulting from Libra’s actions will significantly affect our growth. […],

lamentiertthe 27-year-old Albanian, who, as co-founder of the blockchain start-up MonoChain, has a place in the Forbes list 30 Under 30 (category Europe, retail / e-commerce).

The start-up describes itself as the „Bank of Things“ and is still in the early stages according to the corporate data portal Crunchbase. At the end of September, DIEM received an undisclosed amount of pre-seed funding from angel investor Chris Adelsbach. According to Sifted, there was a soft launch at the beginning of October.

Now DIEM is apparently worried that Facebook will take the name for itself and its stablecoin project. It would only have taken a short research to find out that there is already a financial service provider (in particular) with the name Diem, says financier Adelsbach:

It wouldn’t have taken that much effort for Facebook to figure out if there was another Diem in the financial services industry … They apparently thought „we’re just going to crush them, we’re Facebook“