1002. Silvergate Bank Collapse Crashes Crypto | Multiple Withdrawals Halted 🔥
Mar 3, 2023 ·
29m 3s
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Description
The vast majority of crypto-friendly Silvergate Bank's (SI) industry clients have left or are leaving the company less than a day after it announced it would have to review its...
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The vast majority of crypto-friendly Silvergate Bank's (SI) industry clients have left or are leaving the company less than a day after it announced it would have to review its books with its auditors and warned of several headwinds. The bank's share price has fallen more than 50%, to all-time-low, on the day's trading.Silvergate's clients Coinbase, Circle, Paxos, Crypto.com, Bitstamp, Cboe Digital Markets and Gemini said they will suspend business with the bank. This might also prove to have more far-reaching short-term effects on the markets as well.
~This Episode is Sponsored By Ledger~
Ledger Website ➜ https://shop.ledger.com/?r=9e9e0aec8aad
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~This Episode is Sponsored By Ledger~
Ledger Website ➜ https://shop.ledger.com/?r=9e9e0aec8aad
Information
| Author | Rever Networks |
| Organization | Rever Networks |
| Website | - |
| Tags |
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