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Silvergate Announces Its Digital Currency Plan and Writes Off $196 Million In Crypto Acquisitions

 

Silvergate announced in February last year that it had purchased Diem Group, a Facebook-affiliated business, along with its intellectual property and other technological assets required to operate the blockchain-based payments system. In 2021, Facebook decided to end its digital currency project due to pressure from regulatory and political authorities. Silvergate’s Crypto Ambitions Silvergate
CoinGape’s first post, Silvergate Dismantles Its Digital Currency Program; Authors $196 Mn in Crypto Acquisition appeared first on CoinGape.

 

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