A once-ambitious but now faltering Facebook-backed digital currency project known as Diem is dead, its assets sold to bank holding company Silvergate Capital. Silvergate and the Diem Association announced the sale on Tuesday....
As a result, the best path forward was to sell the Diem Group’s assets ” and the project will wind down in the coming weeks.It's been clear for a while that Diem, which was first named Libra, was fighting an uphill battle with regulators....
Meta has gradually distance
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2022-02-01 00:00:00.0