Friday, June 13, 2025
  • About us
  • Economic Calendar
  • Price Predictions
  • Coins Alerts
  • Crypto Portfolio Tracker
  • Exclusively from Our Partners
Cryptheory
  • Cryptocurrency List
  • Cryptocurrency
    • Cryptocurrency Exchanges
      • Top exchanges for trading Bitcoin derivatives
      • How to buy bitcoin without KYC
      • How to Trade Bitcoin – best platforms
      • Best platforms to buy Bitcoin by debit or credit card
      • Platforms for Grid Trading
      • BYDFi: Review and Guide
      • BingX: Review and Guide
      • Kraken: Review and Guide
      • Bybit: Review and Guide
      • Bitpanda: Review and Guide
      • Phemex: Review and Guide
      • Huobi: Quick Guide
      • Binance: Review and Guide
        • Binance Futures Guide
    • Bitcoin
    • Tether
    • XRP
    • Dogecoin
    • Avalanche
    • Stellar
    • The Open Network
  • crypto news
  • Crypto Exchanges Info
  • Analysis
  • Attractions
No Result
View All Result
  • Cryptocurrency List
  • Cryptocurrency
    • Cryptocurrency Exchanges
      • Top exchanges for trading Bitcoin derivatives
      • How to buy bitcoin without KYC
      • How to Trade Bitcoin – best platforms
      • Best platforms to buy Bitcoin by debit or credit card
      • Platforms for Grid Trading
      • BYDFi: Review and Guide
      • BingX: Review and Guide
      • Kraken: Review and Guide
      • Bybit: Review and Guide
      • Bitpanda: Review and Guide
      • Phemex: Review and Guide
      • Huobi: Quick Guide
      • Binance: Review and Guide
        • Binance Futures Guide
    • Bitcoin
    • Tether
    • XRP
    • Dogecoin
    • Avalanche
    • Stellar
    • The Open Network
  • crypto news
  • Crypto Exchanges Info
  • Analysis
  • Attractions
No Result
View All Result
Cryptheory
No Result
View All Result

Crypto project Diem sells its assets to the bank for $ 200 million

by Roman B.
April 7, 2025
in Cryptheory News
Reading Time: 2 mins read

 

According to the Wall Street Journal, the California bank Silvergate Capital has decided to buy the technological assets of the Meta-backed project Diem for $ 200 million.

Diem sells its assets for $ 200 million

Last year, the bank agreed to partner with Diem to launch a USD-linked stablecoin. It was supposed to revive a project conceived in 2019 as Libra, when Meta was still called Facebook. However, Stablecoin was never launched.

It has previously been announced that Meta is considering selling Diem’s ​​assets, but has returned the capital to its investors. The company was thinking about how best to sell its intellectual property and was trying to find a job for developers.

The project faced stiff regulatory resistance from the beginning and was forced to abandon the announced plans. Mark Zuckerberg made such a fuss that he was summoned before the US Congress. Regulators, especially in the United States, feared that a private entity with 2 billion users, specifically Facebook, could release a currency that could compete with the official currency. Too much risk to the monetary sovereignty that the United States is closely guarding.

Prominent members of the Libra Association have left the ship, including PayPal. As a result, the project turned upside down in the hope that it would finally meet the favor of the authorities. The name has changed, from Libra to Diem. Instead of stablecoin driven by a basket of world fiat currencies, the concept has been transformed into separate tokens driven by a single national currency.

Unfortunately, in August last year, a Meta subsidiary called Novi refused to cooperate with Diem and switched to another issuer of stablecoins.

The head of the project Novi and co-founder Diem, David Markus, left the company in November 2021.

Continue Reading

NFT owners affected by OpenSea bug will be refunded

  • Author
  • Recent Posts
Roman B.
Roman B.
I have 6 years of writing experience on several leading websites dealing with cryptocurrencies and other investments. I have been in the Web3 sector for a similar amount of time and have collaborated on several projects from NFT to P2E. My previous experiences: Business2Community.com, TradingPlatforms.com, CryptoSvet.
Roman B.
Latest posts by Roman B. (see all)
  • Stablecoin Scrutiny: From Tether’s Launch to MiCA’s Dawn, Regulators Are Watching - June 12, 2025
  • Staking: Is it Just a Fancy Ponzi Scheme? Let’s Get Real. - June 11, 2025
  • SOL’s Big F***ing Breakout: Why Solana’s About to Send You to the Moon - June 10, 2025
Tags: DiemMETA
Previous Post

27.01.[News of the day] • Crypto laundering in 2021 increased by 30% • and other articles

Next Post

The number of BTC millionaires has decreased by 24.26% in three months | In 2021, criminals laundered a $ 8.6 billion in cryptocurrencies

Related Posts

Stablecoin Scrutiny: From Tether’s Launch to MiCA’s Dawn, Regulators Are Watching
Cryptheory News

Stablecoin Scrutiny: From Tether’s Launch to MiCA’s Dawn, Regulators Are Watching

June 12, 2025
June 15th: The Altcoin Apocalypse or Your Ticket to a Lambo? Let's F***ing See.
Cryptheory News

June 15th: The Altcoin Apocalypse or Your Ticket to a Lambo? Let’s F***ing See.

June 11, 2025
SOL's Big F***ing Breakout: Why Solana's About to Send You to the Moon
Cryptheory News

SOL’s Big F***ing Breakout: Why Solana’s About to Send You to the Moon

June 10, 2025
Crypto Trading Tips for June 5, 2025: Navigating the Binance Spot Market
Cryptheory News

Crypto Trading Tips for June 5, 2025: Navigating the Binance Spot Market

June 5, 2025
Spot Market Flexes and Derivatives Cry in the Corner: How Does It Look On-Chain?
Cryptheory News

Spot Market Flexes and Derivatives Cry in the Corner: How Does It Look On-Chain?

May 15, 2025
Ethereum is Waking Up: What On-Chain Data Really Says
Analysis

Ethereum is Waking Up: What On-Chain Data Really Says

May 14, 2025
EU Wants to Track Your Crypto Like a Hawk – and They’re Not Even Sorry
Cryptheory News

EU Wants to Track Your Crypto Like a Hawk – and They’re Not Even Sorry

May 9, 2025
Recession Incoming? Experts Can’t Agree If We’re Screwed or Just Slightly F***ed
Cryptheory News

Recession Incoming? Experts Can’t Agree If We’re Screwed or Just Slightly F***ed

May 9, 2025
Bitcoin Gets Freaky: $2.2B Futures Surge and a Whole Lotta Bullish Mojo
Cryptheory News

Bitcoin Gets Freaky: $2.2B Futures Surge and a Whole Lotta Bullish Mojo

May 1, 2025
Please login to join discussion
Track all markets on TradingView
Score: 0
Game Over

Popular

The Hottest Female Characters in PC Games: A Deep Dive into Digital Desirability

The Hottest Female Characters in PC Games: A Deep Dive into Digital Desirability

June 5, 2025
Analysis & Trading Tips June 10, 2025: Dogecoin Is Barking Again

Analysis & Trading Tips June 10, 2025: Dogecoin Is Barking Again

June 10, 2025
Crypto Trading Tips for June 5, 2025: Navigating the Binance Spot Market

Crypto Trading Tips for June 5, 2025: Navigating the Binance Spot Market

June 5, 2025
Who Really Makes Bank on Memecoins – And Why It Ain't You, You Beautiful Degenerate

Who Really Makes Bank on Memecoins – And Why It Ain’t You, You Beautiful Degenerate

June 4, 2025
How to Trade Meme Coins in 2025: A No-BS Guide for Degens and Smart Investors Alike

How to Trade Meme Coins in 2025: A No-BS Guide for Degens and Smart Investors Alike

June 9, 2025
Trading tips for May 14, 2025

Trading tips for May 14, 2025

May 14, 2025
Stablecoin Scrutiny: From Tether’s Launch to MiCA’s Dawn, Regulators Are Watching

Stablecoin Scrutiny: From Tether’s Launch to MiCA’s Dawn, Regulators Are Watching

June 12, 2025
June 15th: The Altcoin Apocalypse or Your Ticket to a Lambo? Let's F***ing See.

June 15th: The Altcoin Apocalypse or Your Ticket to a Lambo? Let’s F***ing See.

June 11, 2025
Ethereum is Waking Up: What On-Chain Data Really Says

Ethereum is Waking Up: What On-Chain Data Really Says

May 14, 2025
Let’s Be Honest: Most Crypto Projects Are Just Bullshit Wrapped in a Sexy Website

Let’s Be Honest: Most Crypto Projects Are Just Bullshit Wrapped in a Sexy Website

May 15, 2025

⭐ What Type of Crypto Investor Are You? (v2)

1. How do you DYOR (Do Your Own Research)?

2. Your first reaction to a 10x pump?

3. What’s your opinion on memecoins?

4. Where do you stake your crypto?

5. What’s your exit strategy?

6. How do you pick your next investment?

7. Favorite kind of airdrop?

8. What’s your approach to NFTs?

9. How do you store your crypto?

10. What's your long-term crypto goal?

Crypto News

Bitcoin

Ethereum

Altcoins

Cryptocurrency

Platforms for Copy Trading

Platforms for Grid Trading

Glossary of trading and crypto terms

Crypto Portfolio Tracker

 

Cryptheory Labs Projects

Guest Post for Free

On our website, you can share your opinions and insights. This feature is reserved for non-promotional articles. We are already working on a system for donations and rewarding every author.

This website is here for those of you who want to be at the forefront of innovation and new technologies like Bitcoin. But first, we need to tackle the challenges and survive in the unforgiving world of crypto assets. THIS IS CRYPTHEORY!

Follow Us

  • Terms Of Use
  • Privacy Policy
  • About us
  • Contact us

© 2024 Cryptheory - F**k the forex, we want gains!

Shiba Inu loading
No Result
View All Result
  • Cryptocurrency List
  • Cryptocurrency
    • Cryptocurrency Exchanges
      • Top exchanges for trading Bitcoin derivatives
      • How to buy bitcoin without KYC
      • How to Trade Bitcoin – best platforms
      • Best platforms to buy Bitcoin by debit or credit card
      • Platforms for Grid Trading
      • BYDFi: Review and Guide
      • BingX: Review and Guide
      • Kraken: Review and Guide
      • Bybit: Review and Guide
      • Bitpanda: Review and Guide
      • Phemex: Review and Guide
      • Huobi: Quick Guide
      • Binance: Review and Guide
    • Bitcoin
    • Tether
    • XRP
    • Dogecoin
    • Avalanche
    • Stellar
    • The Open Network
  • crypto news
  • Crypto Exchanges Info
  • Analysis
  • Attractions

© 2024 Cryptheory - F**k the forex, we want gains!

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.