Diem, the ambitious crypto project funded by Facebook has collapsed. The Diem Association confirmed that it’s selling its assets to Silvergate, the bank that had previously partnered with the group, ...

First there was Libra, Facebook's ambitious project to create a Swiss-based, global digital currency. Then Libra was no more; following massive regulatory pressure, the project's scope was narrowed ...

On Tuesday, the association formerly known as Libra rebranded as Diem. In an effort to assert the organization’s independence from Facebook as it prepares to launch, Diem wants to try to retcon ...

In response to a letter from the U.S. calling on Facebook to halt its stablecoin and crypto wallet projects, Diem stated that it “is not Facebook. We are an independent organization.” Stablecoin ...

It only took Libra/Diem two years to come full circle from publishing its white paper to falling apart. On Jan. 31, Meta, formerly known as Facebook, announced that it was pulling from its stablecoin ...

It’s looking more and more likely that Diem, Meta’s ill-fated cryptocurrency previously known as Libra, will never actually materialize. The Diem Association is reportedly “weighing a sale of its ...

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This is the end of the line for Meta's crypto plans – at least for now. On Monday, the Diem Association announced it has sold its intellectual property (and other assets related to the running of Diem ...

FILE - Facebook Chief Executive Officer Mark Zuckerberg, left, testifies before the House Financial Services Committee on Capitol Hill in Washington, about his plans for the new cryptocurrency Libra, ...