Silvergate Stock Down 40% Following Diem Write-Off, Job Cuts
The collapse of FTX caused a spike in withdrawals from the crypto bank, while deposits dropped to just $3.8 billion in the last quarter.
Silvergate Cuts 40% Jobs, Writes Off Diem Asset Acquisition
The crypto-focussed bank is writing off its acquisition of Diem’s assets.
Ex-Diem developers raise additional $150 million from FTX Ventures and Jump Crypto
Aptos Labs, a blockchain startup founded by former Diem developers announced that it has closed a $150 million Series A funding round led by FTX Ventures and Jump Crypto. The…
Aptos Labs Raises $150M in Attempt to Revive Meta Platforms’ Dead Diem Crypto
The Meta Platforms ex-pats at Aptos Labs have closed another lucrative funding round as they seek to revive Meta’s Diem crypto.
Ex-Meta Employees Aim to Revive Diem and Build the Next Big Blockchain
Two former Meta employees are developing the Aptos blockchain using Diem’s open-source technology to create an L1 blockchain for enterprises. The post Ex-Meta Employees Aim to Revive Diem and Build…
Diem Co-Creator Shifts Focus to Bitcoin
David Marcus, former Meta executive and co-creator of Facebook’s now sold Diem project, has moved his focus to Bitcoin (BTC), unveiling a new company, Lightspark, established with the aim to…
The tough approach, originally targeting Facebook’s now-abandoned Libra project, could see rivals to fiat currency outlawed in the bloc.
The European Commission is considering hard curbs on the ability of stablecoins to become widely used in place of fiat currency, according to a document seen by CoinDesk.
Meta Plans for Digital Currency Resurrected After Failure of Diem Project
Meta has announced it will introduce virtual coins, tokens, and lending services, despite the failure of its own cryptocurrency. The post Meta Plans for Digital Currency Resurrected After Failure of…
Aptos: Diem developers secure $200M fundraise for new blockchain
TL; DR Breakdown Diem developers raised $200 million to finance Aptops blockchain Atops lauches its devnet Aptos Labs, a startup founded by members of the blockchain team behind the now-defunct
Diem Developers Raise $200M to Build Aptos Blockchain
Former Meta employees have secured huge funding round from crypto venture capital giants to develop their own version of the failed crypto project Diem.
