Episode 20210514

"Facebook's Diem Pivots " May 14, 2021


May 14th, 2021

3 mins 10 secs

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About this Episode

Today’s blockchain and cryptocurrency news
Brought to you by ungrocery.com

Bitcoin is down .5% at $50,625
Ethereum is up slightly at $3,999
and Binance Coin is down slightly at 606.

Dogecoin up 29%
Polygon up 24%
Ethereum classic, up 21%

Facebook’s Libra project pivots to Diem, pivots back to the US, and pivots to a USD stablecoin.

The IRS warns that the agency can seize people’s crypto assets to settle unpaid taxes.

DeFi protocol xToken exploited for $24.5M.

The Colonial Pipeline paid the $5M crypto ransom soon after the attack.

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