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...
Tag: silvergate
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...
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...
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 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 ...
Silvergate down 10% after announcing fourth-quarter financials for 2021
Silvergate Capital Corporation (NYSE: SI) went down 10% after Silvergate Bank, its wholly-owned subsidiary, announced its fourth-quarter financials for 2021. Financial highlights The company reporte...
Silvergate Bank's Quarterly Net Income Dips 9% to $21.4M
Crypto-focussed Silvergate Bank’s Q4 net income dipped nearly 9% to $21.4 million from $23.5 million in Q3. The bank’s digital currency customers grew to 1,381 at the end of December from ...