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Nalezeno "Diem": 93

Silvergate Capital Purchases Diem Operations to Develop Own Stablecoin


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 payment totaled $182 million. The technology and assets acquired will reportedly be used for the launch...

Meta Says Adios to Diem – But Its Buyer Wants to Launch a Token of its Own


  Meta, the company formerly known as Facebook, is set to wash its hands of its ill-fated Diem stablecoin plans once and for all – but there may yet be a twist in the tale as the firm that will buy the coin’s assets and intellectual property (IP) could yet launch a token of its own. Silvergate...

Meta-Led Diem Reportedly Aims to Sell Assets to Pay Back Investors


  The Diem Association (formerly known as Libra Association), the Meta-led project that once aimed to create a stablecoin accessible to everyone in the world, is reportedly attempting to sell its assets as a way to return capital to its investors.... Read More: Meta-Led Diem Reportedly Aims...

Facebook’s Novi Launches Pilot Program in Guatemala and US Using Pax Dollar


Novi, Facebook’s digital wallet, will launch a pilot program to test the functionality of the service in two countries: Guatemala and the U.S. The test will allow Novi to test all of its main functions and to evaluate what things need to be improved before launch. Novi will use pax dollars...

Facebook Metaverse Drive Could See Diem Stablecoin Play a Key Part


Facebook’s decision to partner with the crypto exchange Coinbase on its pilot for the digital wallet Novi is attracting scrutiny from tech, political, and crypto observers – and some are starting to believe that the long-awaited Diem stablecoin project may soon play a key role as the company...

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