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Crypto firms cut ties with top banking partner Silvergate
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A raft of crypto companies cut ties on 2 March with one of the top digital-currency market’s banks, Silvergate Capital, whose financial troubles threaten the industry’s ability to fulfil basic financial transactions.
Silvergate bet big on the crypto market, focusing on crypto firms as a way to distinguish itself from other regional banks by becoming a conduit for turning dollars into digital currency. It grew along with the rest of the market during crypto’s rise but has fallen fast. On 1 March, Silvergate said that it was...
Read more on fnlondon.comAbout this in other media
Crypto industry may escape lasting damage from Silvergate liquidation cointelegraph.com /1 year ago
Bitcoin jumps 10% with crypto market topping $1 trillion as U.S. creates backstop for SVB depositors cnbc.com /1 year ago
Assessing EOS agony as Silvergate shutdown leads Block.One to count losses ambcrypto.com /1 year ago
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