Tag: silvergate

Feb 01 2022

Facebook’s Crypto Project Diem Collapses, Sold After Political, Regulatory Firestorm

Rumors circulated last week that Facebook's parent company and its partners are looking to exit its troubled cryptocurrency project. Well, it turns out the grapevines were correct. Mark Zuckberberg’s cryptocurrency Diem will not see the light of day. Diem, a cryptocurrency backed by Meta, is shutting down after a series of...

Dec 01 2021

Crypto.com Partners with Silvergate on USD Transactions for Institutions

Institutional clients can now complete USD deposits and withdrawals on Crypto.com. This remarkable feature is possible on Crypto.com thanks to a strategic partnership with Silvergate. Silvergate is a fintech-based bank for the digital currency space. Their SEN is a near-instant, secure and reliable platform. It allows users to complete USD transactions 24/7. More On The Partnership The partnership with...

Nov 30 2021

Jun 12 2021

Crypto Bank Silvergate Cuts Ties with Binance, Discontinuing USD Deposits and Withdrawals

Silvergate Bank, a major financial institution partnered with crypto exchanges ranging from Kraken to Coinbase, recently cut ties with Binance. Earlier this Wednesday, Binance sent an email to its users stating that the platform would no longer support deposits and withdrawals via...

May 16 2021

Facebook’s Diem Unveils Its Latest Stablecoin Plans and Strategic Move to the United States

Diem, the cryptocurrency project headed by Facebook originally known as Libra, recently announced its plans to launch a stablecoin with its focus scaled back to the United States. The company stated earlier this year that it would be relocating its...

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