Amid a “crisis of confidence” across the cryptocurrency industry, crypto banking group Silvergate Capital will cut 40% of its workforce and abandon some projects—including a blockchain-based payment s...
Tag: Diem
Crypto bank Silvergate announces management shuffle
Crypto-focused bank Silvergate promoted a new president and chief risk officer just a few weeks after it posted earnings that missed estimates. The firm—which banks for a wide-range of crypto t...
Mysten Labs Rises from the Ashes of Diem Raising $300M in Funding
Mysten Labs, a startup founded by former Meta executives, has raised $300 million in a series B funding round which values the company in excess of $2 billion. The raise is the second conducted by the...
PayPal Ventures Invested in Team Reviving Diem Blockchain
“We believe in the work that the Aptos Labs team is doing to build a safe and scalable layer 1 blockchain,” PayPal Ventures investment partner Amman Bhasin said in a statement. “With the promise of im...
Facebook Crypto Projects Fail! Here’s why DIEM and LIBRA Dumped
The blockchain space has grown with exciting updates and new upgrades over the years. These changes make the blockchain space accessible and usable. While the space is relatively new, the major challe...
Chainlink Labs Announces “An Ideal Addition”: Hires Diem CTO Dahlia Malkhi in Web3 Push
Chainlink Labs announced “an ideal addition” in the form of Dahlia Malkhi, a former Diem executive who will assist in growing its data oracle network. Sergey Nazarov CEO of Chainlink Labs in a press s...
Chainlink Labs Appoints Diem CTO Dahlia Malkhi as CRO
Chainlink Labs, a US-based operator of an online contract management platform, announced Tuesday the appointment of Dr. Dahlia Malkhi, former Diem Association Chief Technology Officer, as its Chief Re...
Diem Developers Set To Launch A New Blockchain After Raising $200 Million
Former employees of the defunct Diem (or Meta) platform have secured $200 million from venture capital firms to launch their version of the Diem project. After Meta aborted its mission of launching a ...
Will Diem Team members’ anticipated project to launch Aptos be a success?
Former Meta’s crypto project Diem employees developed their own blockchain network Meta, formerly Facebook, had highly anticipated cryptocurrency and blockchain projects to launch their stablecoin, Di...
Aptos: Diem developers secure $200M fundraise for new blockchain
TL; DR Breakdown Diem developers raised $200 million to finance Aptops blockchain Atops lauches its devnet Aptos Labs, a startup founded by members of the blockchain team behind the now-defunct paymen...
Diem Developers Raise $200M to Build Aptos Blockchain
Meta (formerly Facebook) threw in the towel on its grand plans to create a digital currency last year. Earlier in 2022, though, it sold the remaining assets to Silvergate Capital for $182 million. The...
Diem team members raise $200M to launch blockchain derived from it
Former Meta employees and key players behind the firm’s defunc stablecoin project Diem have raised $200 million to expand a new project dubbed “Aptos.” Aptos was cofounded by former Novi — Meta’s cryp...
On Its Way to the Grave, Diem Claims a Senior US Regulator Praised Its Stablecoin
Diem, the stablecoin project formerly known as Libra, is dead. In an announcement on Monday evening, the Diem Association confirmed prior reports that it was selling off all its assets to crypto bank ...
Diem co-founder asserts Bitcoin will be the No. 1 asset in 20+ years, but sees Solana coming for Ether’s spot ⋆ ZyCrypto
Advertisement     According to David Marcus, the former Facebook executive who also co-founded the Diem stablecoin, Bitcoin will remain the global leader in the crypto...
Facebook Diem was a waste of time
TL;DR Breakdown Jack Dorsey says Diem was a waste of time. Preached that Meta should have focused on Bitcoin. Meta still open to other crypto project despite Diem failure. Former CEO of Twitter, Jack ...
Silvergate Capital Purchases Diem Operations to Develop Own Stablecoin – Bitcoin News
Silvergate Capital, an investment firm that is the parent company of the Silvergate Bank, acquired the technology and assets of Diem, the formerly Facebook-backed stablecoin payment system. The paymen...
Diem May Be Gone, but Its Legacy Lives On
The thing is, the original Libra vision of a basket-backed stablecoin was dead long before the association rebranded to Diem. Today, one could draw a comparison to tether (USDT) or US dollar coin (USD...
Bitcoin Maxi Jack Dorsey Slams Facebook Over ‘Wasted Effort and Time’ on Diem
In brief MicroStrategy’s Michael Saylor today interviewed former Twitter CEO Jack Dorsey about Bitcoin. Dorsey said Facebook should have focused on Bitcoin instead of its failed Libra cryptocurrency p...
After Purchasing Diem, Silvergate Capital Plans to Launch its Stablecoin
Speaking at a CNBC program, Silvergate Capital CEO Alan Lane noted on Monday that the organization will launch a stablecoin later this year. Silvergate Stablecoin Silvergate CEO Alan Lane’s revelation...
Silvergate swoops in with $200 million bid on failed Diem project
Silvergate Bank gives Diem, also known as Facebook Coin, a way out by buying the failed project’s assets. Since its unveiling in the summer of 2019, Libra, as it was known then, has faced an uphill ba...