Cryptorian

Facebook hopes that the cryptocurrency it supports will start in 2021. After it was revealed last year, Facebook's cryptocurrency initiative has been a rollercoaster, attracting major opposition from policymakers, scaling down plans and a fresh new name. Initially known as Libra, the blockchain was intended to be operated by a non-profit group of various firms called the Libra Association. Facebook plans to introduce Calibra, which allows people to give each other this cryptocurrency. In the beginning, one Libra coin should be supported by a currency basket. However, regulators raised several questions about data protection and money laundering from the effect that Libra may have on financial stability.  David Marcus, the head of Facebook Financial and F2 Financial, also known as F2 has stated that he hopes that both Diem's cryptocurrency and Novi's wallet, will launch in 2021. Before a recent rebrand Diem used to be called Libra. It is run by the Diem Association consortiu...

  The virtual currency, which was originally launched more than seven years ago as an internet parody, grew by over 85% over the past 24 hours and, in CoinDesk, traded at $0.13. It now has a market capitalization of more than $17 billion. The latest spike comes as investors prepare for Coinbase Global's direct listing, which could help further legitimise cryptocurrency buying and selling as a company. Ahead of the listing, Bitcoin soared to a new high of $62,700, and other cryptocurrencies have also seen significant increases. The growth of Dogecoin, on the other hand, is noteworthy. Tesla CEO Elon Musk is a major supporter of the currency, which has risen more than 2,000 percent since the start of the year. The only digital moneys that have reached record highs this week are not Ethereum and Bitcoins. For the first time, Dogecoin, the crypocurrency with the Shiba Inu Dog's logo, has exceeded 10 cents. Coinbase,   meanwhile, is set for its debut Wednesday. The company   i...