Silvergate Bought Facebook – Meta’s Diem Platform for $200 Million, It is Now Worth ZERO

Silvergate (NYSE:SI), a west-coast regulated bank that has moved into the digital asset sector in a big way, announced that it was writing down its purchase of Diem to zero. Diem was the digital currency project launched by Facebook – META (NASDAQ:FB) that attempted to create… Read More
Read more in: Blockchain & Digital Assets, Featured Headlines, Fintech | Tagged diem, facebook, silvergate