stuart a levey

  • Facebook’s Crypto Project Is Officially Dead

    Facebook’s Crypto Project Is Officially Dead

    Facebook’s long-term stablecoin project, Diem, is finally shutting down. On Monday, an outside investment firm, Silvergate Bank, confirmed it was buying $US182 ($253) million worth of Diem assets from the tech giant, marking the end of a long-coming — and pretty tumultuous — exit.