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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…

Continue ReadingSilvergate Capital Purchases Diem Operations to Develop Own Stablecoin

Jack Dorsey: Diem was a waste of time, Meta should’ve focused on BTC

Dorsey said that although Facebook probably started Diem for “the right reasons,” it should’ve used an open-ended protocol like Bitcoin rather than attempting to create its own currency.

Continue ReadingJack Dorsey: Diem was a waste of time, Meta should’ve focused on BTC