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Source: Meta-backed Diem Association is selling its technology to California bank Silvergate Capital, which serves crypto companies, for ~$200M (Wall Street Journal)

Wall Street Journal:
Source: Meta-backed Diem Association is selling its technology to California bank Silvergate Capital, which serves crypto companies, for ~$200M  —  Diem Association is selling its technology to crypto-focused bank Silvergate Capital for $200 million  —  Facebook’s ambitious effort to bring cryptocurrency to the masses has failed.