Silvergate has written down the value of Diem's intellectual property and technology acquired last year, which amounts to a 98% loss

2023-01-13 09:07:48BlockBeatsShare to:

BlockBeats news, January 13, according to Decrypt, encrypted banking group Silvergate Capital disclosed last week that it had made a $196 million impairment charge in the fourth quarter of 2022, deducting the knowledge acquired from Diem Group early last year. The value of property rights and technology. This revised figure equates to a loss of 98% compared to the $200 million paid to acquire the assets. Silvergate had planned to use these assets to launch a stablecoin last year, but Silvergate said last week that the launch of the stablecoin has been firmly put on hold.

Introduction To Crypto

a digital currency in which transactions are verified and records maintained by a decentralized system using cryptography.All

Crypto Price Information

 PricePrice Change (24h)Trading Volume (24h)Market Cap
BTC$64,853.06 USD-2.79%$25,838,504,842.14 USD$1,276,928,072,442.3 USD
ETH$3,179.62 USD-1.69%$12,331,492,812.03 USD$388,063,835,524.38 USD
GARI$0.01838 USD+22.94%$2,886,128.72 USD$5,235,565 USD
SOLX$0.1891 USD+11.53%$1,561,002.48 USD$0 USD
MLN$15.78 USD+10.97%$581,483.51 USD$21,896,691 USD

Disclaimer: The information provided in this section doesn't represent any investment tips or Bi123.co's official position.

A valuable blockchain information and data platform




Download APPAdd WeChat
Community