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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 of a Silvergate branded stablecoin. Silvergate Purchases Diem Operations Silvergate Capital, … Read more
It only took Libra/Diem two years to come full circle from publishing its white paper to falling apart. Go to Source Powered by WPeMatico
Meta’s Diem co-creator David Marcus said that he was a “big fan of Bitcoin,” calling it digital gold back in 2019. Go to Source Powered by WPeMatico
Circle, the operator of USDC, one of the biggest stablecoins by market cap, has launched USDC as a native asset on top of the Flow blockchain. Flow is a blockchain project made to host NFT and game-based initiatives, aiming for low fees and a high volume of transactions. With this launch, USDC aims to keep … Read more
Meta has officially given up on its stablecoin project Diem after more than two years of efforts to launch the digital currency. Go to Source Powered by WPeMatico
Stablecoins have become prominent payment rails in the world of cryptocurrencies commanding $177 billion in fiat value today. The top ten stablecoins by market capitalization represent the largest share of the value in the fiat-pegged coin economy and many of these tokens grew exponentially last year. Terra’s UST stablecoin grew the most last year, jumping … Read more
PayPal has confirmed it is exploring a stablecoin. Here’s how experts see the potential impact of a PayPal Coin. Go to Source Powered by WPeMatico
It looks like Meta is planning to jump ship, with inside sources saying that the crypto initiative is trying to sell its assets. Go to Source Powered by WPeMatico
Representative McHenry is convinced that Congress should take crypto regulation away from executive agencies and courts. Go to Source Powered by WPeMatico
According to the boss of the international institution owned by central banks, it is central banks that are best positioned to shape the future of money. Go to Source Powered by WPeMatico