Meta To Wind Down Diem Project, Sell Assets To Silvergate – January 27

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $36,271

Bitcoin price has cooled off form its recent bounce, beginning to settle around the $36,000 mark to begin Thursday.

Top-20 altcoins have also tapered off over the last 24 hours, as Ethereum and BNB fall 6% and Solana drops 9%.

Top Stories for January 27, 2022 πŸ”₯

πŸ‘‰ Meta To Wind Down Diem Project, Sell Assets To Silvergate

Meta is winding down its stablecoin project, Diem (formerly Libra), reportedly selling the project’s technology assets to Silvergate Capital for $200 million.

The California-based Silvergate originally planned to partner with Diem to launch the stablecoin, which was never released. The asset sale is being actioned in order to return capital to Diem investors.

πŸ‘‰ Coinbase May Soon Begin To List Solana-Based Tokens

It has been reported that major cryptocurrency exchange Coinbase is on the way to begin listing Solana ecosystem tokens, according to four unnamed sources.

Solana Program Library (SPL) tokens – Solana’s equivalent of ERC20 tokens on Ethereum – may soon be supported by the platform, with Solana USD Coin (USDC) among the first assets to be supported.

πŸ‘‰ SEC Reportedly Reviewing Celsius And Gemini Lending Products

The U.S. Securities and Exchange Commission (SEC) is reportedly looking into high-yield cryptocurrency lending products from three major providers: Gemini, Celsius and Voyager Digital.

According to a Bloomberg report, the probe is currently reviewing whether or not lending services qualify as securities, which would require them to register with the SEC.