Silvergate Cuts 40% Jobs, Writes Off Diem Asset Acquisition
The crypto-focussed bank is writing off its acquisition of Diem's assets. Source
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Diem
Aptos Labs Raises $150M to Revive Diem in FTX Ventures-Led Funding Round
Layer 1 blockchain Aptos Labs has raised $150 million in a Series A funding round led by FTX ventures, taking the total raised this year to $350 million. Original Source
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PayPal Ventures Invested in Team Reviving Diem Blockchain
“We believe in the work that the Aptos Labs team is doing to build a safe and scalable layer 1 blockchain,” PayPal Ventures investment partner Amman Bhasin said in a statement. “With the promise of improved reliability and security, faster transactions and lower fees, the Aptos blockchain is designed in
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Chainlink Labs Hires Diem CTO Dahlia Malkhi to Lead Research
Malkhi was an integral executive at the now-shuttered stablecoin project. Original Source
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Diem team members raise $200M to launch blockchain derived from it
Former Meta employees and key players behind the firm’s defunc stablecoin project Diem have raised $200 million to expand a new project dubbed “Aptos.”Aptos was cofounded by former Novi — Meta’s crypto unit — strategic partnerships lead Mo Shaikh and tech lead Avery Ching. The duo arenow serving as the
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Team Bringing Diem Blockchain to Life Confirms $200M Raise, Says Coinbase and More Are Building on Devnet
Aptos announced the funding round Tuesday and said major crypto brands were already contributing code. Source
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Ex-Meta Coders Raising $200M to Bring Diem Blockchain to Life: Sources
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Metaverse tokens surge after Meta tanks, Dorsey roasts Diem after it shuts down, a new malware can target 40 browser wallets: Hodler’s Digest, Jan 28-Feb.5
Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link.Top Stories This WeekHodlers beware! New malware targets MetaMask and
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Silvergate Capital Purchases Diem Operations to Develop Own Stablecoin – Bitcoin News
Silvergate Capital, an investment firm that is the parent company of the Silvergate Bank, acquired the technology and assets of Diem, the formerly Facebook-backed stablecoin payment system. The payment totaled $182 million. The technology and assets acquired will reportedly be used for the launch of a Silvergate branded stablecoin. Silvergate
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Diem May Be Gone, but Its Legacy Lives On
The thing is, the original Libra vision of a basket-backed stablecoin was dead long before the association rebranded to Diem. Today, one could draw a comparison to tether (USDT) or US dollar coin (USDC) in that they are now backed by baskets of assets, though not baskets of currencies. They
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