Silvergate Capital

The picks and shovels of the cryptocurrency world have been a worse bet lately than cryptocurrencies themselves. The cryptocurrency market has been in selloff mode recently even as hundreds of…

Facebook’s ambitious effort to bring cryptocurrency to the masses has failed. The Diem Association, the consortium Facebook founded in 2019 to build a futuristic payments network, is winding down and…

WASHINGTON—A Facebook Inc. -backed digital currency project is being revamped in a bid to address concerns among U.S. officials that it could be used for money laundering and other illicit purposes. The project,…