The Diem Association sold the intellectual property of Diem Payment Network to Silvergate Capital Corporation, according to a Monday announcement by the CEO of Diem. The Meta-backed cryptocurrency pro...
Tag: Diem
Mark Zuckerberg’s stablecoin project Diem officially shuts down
Meta, formerly branded as Facebook, has officially announced the closure of its digital currency project Diem after years of major efforts to move forward with the initiative. Announcing the news on M...
Bank that bought assets from Zuckerberg’s Diem plans to launch stablecoin
Silvergate Capital CEO Alan Lane told CNBC on Monday the bank holding company hopes to launch a stablecoin by the end of this year, following its acquisitions of assets and intellectual property from ...
Diem Confirms Shutdown as Silvergate Acquires the Project’s Assets
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set ...
Diem Association confirms sale of crypto payment network to Silvergate
Silvergate Capital Corporation will acquire the Diem Payment network’s intellectual property and other assets, the Diem Association and Silvergate announced today. The assets include developmen...
Zuckerberg’s Diem project could breathe new life under Silvergate
Diem is a cryptocurrency that formerly went by the name of Libra. It was essentially this permissioned blockchain-based stablecoin payment system, originally proposed by Meta Platforms, which was at t...
BTC, SEC, Poland FX, Diem Death: Editor’s Pick
Let’s take a look back at the biggest news stories from the worlds of Forex, Fintech and Crypto, in our best of the week segment. US White House Plans to Issue an Executive Order on Crypto The t...
Diem Is Dead, But Facebook Isn’t Done With Crypto
Facebook announced its grand crypto plan on June 18, 2019: a “borderless global currency” called Libra, backed by a “collection of low-volatility assets like bank deposits and govern...
Diem Selling Assets to Silvergate for $200M, Ending Facebook’s Stablecoin Project: Report
In brief The Diem Association will reportedly sell off its assets and IP to Silvergate for about $200M. Facebook originally launched the stablecoin project as Libra in 2019. Facebook’s stablecoi...
Facebook Gives Up On Lofty Stablecoin Ambitions As Diem Sells Assets To Silvergate For $200 Million ⋆ ZyCrypto
Advertisement     Facebook’s ambitious cryptocurrency project has met an unceremonious end. Recent reports reveal the Diem Association will be selling the technology b...
Diem Mulling Sale of Assets to Pay Back Investors
The Meta-led group has been in discussions with investment bankers They intend to sell the project’s intellectual property Meta CEO Mark Zuckerberg had high hopes for the cryptocurrency The Diem Assoc...
Facebook Ditches Diem Stablecoin Plans in $200M Sale
Key Takeaways Anonymous sources have revealed that Facebook is selling the technology behind its Diem stablecoin. Silvergate Capital Corp has reportedly agreed to buy Diem for $200 million. The sale m...
Facebook’s Bumbling Crypto Venture Diem to Wind Down, Sell Assets
Facebook founder Mark Zuckerberg’s ambitious program to create his own cryptocurrency is falling apart amid rising tension from regulators. According to a Bloomberg report released Wednesday, the Diem...
Diem to Sell Assets to Silvergate Bank for $200M: Report
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set ...
Is this the end of Facebook’s Diem?
It looks as though Facebook’s Diem is coming to an end before it even launched. Sources close to Bloomberg say the project is looking at selling its assets to reimburse investors and redeploy it...
Mark Zuckerberg And Co. Consider Selling Diem / Libra, Their Stablecoin Project
Another one bites the dust. The Diem project is dead, according to Bloomberg. The report comes from anonymous sources and does its best not to assure anything. However, considering the project’s head ...
Facebook Is Putting an End to Stablecoin Project Diem
The Facebook-led cryptocurrency project, Diem, is dismantling itself due to excessive regulatory pressure and is looking for buyers of its assets, Bloomberg reported on Wednesday. The Diem Association...
Diem Up For Sale? Zuckerberg’s Crypto Dream Falls Apart
Meta (formerly Facebook) is reportedly looking to sell the Diem cryptocurrency project along with all its associated assets. Diem To Be Sold? Mark Zuckerberg had high hopes for his cryptocurrency pro...
Diem Reportedly Trying to Sell Assets—Is This the End of Facebook’s Stablecoin Ambitions?
In brief The Diem Association is exploring ways to sell its assets, per a Bloomberg report. The stablecoin project has weathered regulatory scrutiny and executive departures. Diem Association (formerl...
Diem Mulling Sale of Assets to Pay Back Investors: Report
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set ...