Facebook Diem may Launch in 2021 to Frank Holmes views on Bitcoin

This news was first published here: https://news.todayq.com/news/facebook-diem-may-launch-in-2021-to-frank-holmes-views-on-bitcoin/

1) Facebook renames Libra to Diem and plans to launch it in 2021.

Facebook has rebranded its stablecoin project from Libra to Diem. The head of Facebook Financial (F2) at Singapore Fintech Festival 2020 said that both cryptocurrency Diem and related crypto wallet Novi may launch next year and at present Facebook is waiting for regulatory approvals. He also said:

2) SBI and SIX want to “establish a powerful institutional corridor between Europe and Asia”.

SBI’s digital asset branch and SIX, Switzerland’s principal stock exchange announced their plans for Singapore based joint venture. This platform will focus on institutional investors including services like issuing, listing, trading, CSD infrastructure and custody of digital assets and cryptocurrencies, and regulated digital asset securities. Yoshitaka Kitao, the CEO of SBI Group and chairman of SBI Digital Asset Holdings said:

3) MicroStrategy announced securities offering to raise $400 million to invest in BTC.

MicroStrategy, one of the world’s largest publicly traded business intelligence firms announced securities offering to raise $400 million to invest in BTC. In this the firm will issue $400 million in convertible senior notes that can be converted into the issuing company’s shares, The company will also pay semi-annual interest to the note-holders until December 2025. MicroStrategy disclosed:

4) “Bitcoin and crypto will transform money, the Internet and so much of the world around you.” — Winklevoss.

During Singapore FinTech Festival 2020 Cameron and Tyler Winklevoss said:

5) CEO of U.S. Global Advisors — 2021 will be a tremendous year for Bitcoin and Ethereum.

Frank Holmes, CEO of U.S. Global Advisors believes crypto assets like Bitcoin will perform really well in 2021 and the adoption level will increase. For Bitcoin, he gives the credit to May’s deflationary halving event. He said:

Netflix, Pizza & Cryptocurrency!