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Silvergate Bites The Dust, Down 35% As Crypto-Friendly Bank Ceases Operations

Silvergate Capital Corporation, the holding company for crypto-friendly Silvergate Bank, announced on Wednesday its decision to cease operations and voluntarily liquidate its bank.   Shares of Silvergate (SI) have taken a significant hit, trading down over 35% on the Nasdaq in the last seven days, in light of the recent regulatory approach by authorities to the industry.

2023-3-9 02:03


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Embattled Signature Bank Caps SWIFT Access For Binance, Raising Concerns

A recent update by Binance has revealed that Signature Bank, a major SWIFT gateway service provider, will partially terminate access to Binance customers starting in February. The update sent by Binance, which a customer tweeted, read thus:  “The banking partner that serves your account has advised that they are no longer able to process SWIFT […]

2023-1-26 23:45