Facebook began piloting its Novi crypto wallet in the U.S. and Guatemala on Tuesday, even though the diem cryptocurrency the company is helping to develop is not yet ready. Diem was originally supposed to pair with Novi, but the wallet will use Paxos ’ USDP stablecoin instead—stablecoins are cryptocurrencies that have their value tied to an outside asset and in USDP’s case, it’s the U.S. dollar....
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For Tech CEOs, ‘Challenging’ Means Dismal
Challenging! That’s the euphemism of the moment, used by way too many tech CEOs (including Tim Cook and Sundar Pichai tonight and Mark Zuckerberg and Evan Spiegel in recent days) to describe either 2022 or the current moment or both. Translated from corporate-speak into conversational English, it means business is bad. Just how bad became clear from the December-quarter results reported...
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