Diem
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.
Chainlink Labs Hires Diem Co-Creator Christian Catalini as Technical Adviser
In his new role, Catalini will primarily work on a new protocol for decentralized inter-blockchain messaging, data and token movements.
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.
Meta-Led Diem Now Considering Sale of Assets Amid Increasing Regulatory Pressure
The Diem Association, the Meta Platforms (formerly Facebook)-led group seeking to create a stablecoin, is allegedly considering selling the project's assets to return money to investors. This comes as regulatory pressures have stalled Diem since its conception in 2019. "The Hash" group reflects on Diem and the regulatory lessons to be learned.
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.
Meta’s WhatsApp to Trial Novi Digital Wallet
The move comes two months after Novi’s first pilot launched.
Libra Creator David Marcus Says He’s Leaving Facebook at Year’s End
He leaves the stablecoin project, first announced in June 2019, as it continues to face stiff regulatory headwinds.
