Meta confirms shelving Diem project, sale of assets to Silvergate Bank
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Meta-backed stablecoin project Diem has officially closed down after confirming the sale of its intellectual property rights and other technology assets to Silvergate Bank. According to a Silvergate…
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Meta-backed stablecoin project Diem is now winding up the foundation and selling its technology to Silvergate Bank for $200 million, the Wall Street Journal reported Wednesday. In May 2021,... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Go to Source…
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... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Go to Source Author:…
Meta (formerly Facebook)-backed stablecoin project Diem’s intellectual property and assets have been sold to cryptocurrency bank Silvergate Capital Corporation for US$182 million, both entities... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Go to Source Author: NixCoin