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Will Libra Crypto Rise?
Libra, later rebranded as Diem, was a cryptocurrency project initiated by Facebook (now Meta) in 2019. The goal was to create a stablecoin backed by a basket of global currencies, offering a decentralized and accessible financial system. However, due to regulatory pushback and political concerns, the project faced significant challenges. So, is Libra (Diem) crypto purchasable today? Let’s explore.What Happened to Libra/Diem? Originally, Libra was set to launch as a global digital currency desig... Read More->
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Argentinian President Javier Milei Faces Political Crisis Over $LIBRA Cryptocurrency Promotion
Argentinian President Javier Milei has found himself at the center of a major political crisis after promoting a cryptocurrency called $LIBRA on his social media account. On February 14, 2025, following Milei’s promotion, the value of $LIBRA surged rapidly. However, shortly after, the president deleted his post, leading to a sharp decline in the cryptocurrency’s value. This sudden drop resulted in significant losses for over 40,000 investors.Political and Legal RepercussionsIn response to the co... Read More->
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What is Libra Cryptocurrency?
Libra was a digital currency project introduced by Facebook (now Meta) in 2019, aimed at creating a stable, global financial system accessible to everyone. The project was later rebranded as Diem due to regulatory challenges and public scrutiny.Key Features of Libra (Diem):Stablecoin Model: Libra was initially planned to be backed by a basket of global currencies and assets to maintain stability.Blockchain-Based: It was designed to operate on a permissioned blockchain, ensuring fast and efficien... Read More->
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