Diem Association, Facebook’s crypto venture formerly known as Libra, is selling its technology to Silvergate Capital for $200 million
Facebook’s ambitious effort to bring cryptocurrency to the masses has failed.
The Diem Association, the consortium Facebook founded in 2019 to build a futuristic payments network, is winding down and selling its technology to a small California bank that serves bitcoin and blockchain companies for about $200 million, a person familiar with the matter said.
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Facebook-backed Diem Association may be close to dissolving | EngadgetThe Diem Association is reportedly “weighing a sale of its assets as a way to return capital to its investor members,” Bloomberg reports,.
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Facebook's Diem Digital Currency is Dead, Report Says | CoinMarketCapFacebook's Diem digital currency is dead 😵 That's according to Bloomberg News, which reveals the Diem Association is considering whether to sell its intellectual property ❌
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Facebook's Failed Cryptocurrency Project 'Diem' Is Now Up For SaleRegulatory scrutiny dealt the 'final blow'. 🤓 engineering
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Meta-backed Diem in talks to sell off assets: reportThe Diem Association, formerly known as Libra, is reportedly in talks over selling off its assets to return capital to investors.
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Mark Zuckerberg's Meta in Talks to Sell Assets in Crypto Project Diem: Report – Regulation Bitcoin NewsMeta, formerly Facebook, is reportedly in talks with investment bankers to sell its assets in the crypto project Diem, formerly Libra.
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Meta’s Cryptocurrency Project Diem Could Go for Sale (Report)The Diem Association (formerly known as Libra) is reportedly exploring ways to sell its assets.
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