Facebook Digital Currency Project Cofounder Departs

From decrypt.co

Kevin Weil, a Facebook executive and a leader of Diem, the company's digital currency initiative, announced on Thursday he is leaving in order to join a satellite firm. The news appears to be another setback for Facebook's crypto ambitious, which the company unveiled with considerable fanfare in June of 2019 but have since stalled amid regulatory headwinds. Weil, a veteran of Twitter, made his name at Facebook by helping to grow Instagram, and then became one of the co-founders of the digital currency project that was initially known as Libra. He announced his departure on Twitter, noting, "I still deeply ... (full story)