Diem

SEN drives Silvergate's Q2, but it's looking to Diem for future growth

SEN drives Silvergate’s Q2, but it’s looking to Diem for future growth

Silvergate posted another round of strong quarterly results on Tuesday morning — and the market took notice. Silvergate stock jumped 15% since today’s opening, currently sustaining around $97.60. The firm nearly doubled pretax income compared to last quarter, according to CEO Alan Lane.  “Our success continues to be driven by strong demand for our digital …

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Libra rebrands to ‘Diem’ in bid to shake off the negative first impression of regulators

Libra rebrands to ‘Diem’ in bid to shake off the negative first impression of regulators

The Facebook-backed Libra Association is shaking up its mission — and it’s got a new name to go along with it.  “We are excited to introduce Diem — a new name that signals the project’s growing maturity and independence,” said Stuart Levey, the Diem Association’s CEO, in a public statement. “The Diem project will provide …

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