Silvergate Bank confirms it is purchasing the Diem Association's tech and other assets by issuing $132M in stock and paying $50M in cash; Diem is shutting down (Nikhilesh De/CoinDesk)

Nikhilesh De / CoinDesk:Silvergate Bank confirms it is purchasing the Diem Association's tech and other assets by issuing $132M in stock and paying $50M in cash; Diem is shutting down  —  The Diem Association is shutting down.  —  Silvergate Bank confirmed Monday that it's purchasing the technology and other assets from Diem …

Silvergate Bank confirms it is purchasing the Diem Association's tech and other assets by issuing $132M in stock and paying $50M in cash; Diem is shutting down (Nikhilesh De/CoinDesk)

Nikhilesh De / CoinDesk:
Silvergate Bank confirms it is purchasing the Diem Association's tech and other assets by issuing $132M in stock and paying $50M in cash; Diem is shutting down  —  The Diem Association is shutting down.  —  Silvergate Bank confirmed Monday that it's purchasing the technology and other assets from Diem …