Silvergate's Acquisition of Diem's Assets Positive for Stablecoin Launch, Analysts Say
The crypto-focused bank plans to launch a stablecoin by the end of the year.
Diem Confirms Shutdown as Silvergate Acquires the Project’s Assets
CoinDesk’s Nikhilesh De weighs in on Silvergate Bank confirming Monday it’s purchasing the technology and other assets from Diem, the stablecoin project from Meta Platforms (formerly Facebook) announced as Libra in June 2019.
Diem Confirms Shutdown as Silvergate Acquires the Project's Assets
Facebook (now Meta) is officially winding down the stablecoin project it announced in June 2019.
Meta Joins Block’s Crypto Open Patent Alliance as Diem Reportedly Winds Down
Meta (formerly Facebook) is joining the Crypto Open Patent Alliance (COPA), a consortium of tech and crypto companies led by Jack Dorsey’s payments company, Block (formerly Square). This comes as Meta winds down its Diem project, reportedly selling its intellectual property to Silvergate Bank for $200 million to pay back investors.
Meta Joins Block’s Crypto Open Patent Alliance as Diem Reportedly Winds Down
By joining COPA, Meta’s “core crypto technology patents” will hopefully avoid future litigation.
The Algorithmic Life Is Not Worth Living
Behavior modeling is the flywheel of the digital economy - and it's making us all stupid, boring, and neurotic.
Diem to Sell Assets to Silvergate Bank for $200M: Report
The star-crossed project had been in discussions with investment bankers to sell its key assets and return money to investors.
Diem Mulling Sale of Assets to Pay Back Investors: Report
The Meta-led group developing the cryptocurrency has been in discussions with investment bankers about selling the project's intellectual property.
