Breaking News: Crypto-Friendly Silvergate Bank Announces 'Voluntary Liquidation' - A Blow for Crypto Adoption?
Crypto-friendly US-based bank Silvergate Bank has begun the voluntary process of liquidation, according to a statement issued by the California Department of Financial Protection and Innovation (DFPI). The announcement o...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
The announcement of Silvergate Bank’s liquidation comes just a day after reports surfaced suggesting that the bank was discussing ways to avoid a shutdown with US federal officials....
Read More: Breaking News: Crypto-Friendly Silvergate Bank Announces 'Voluntary Liquidation' - A Blow for Crypto Adoption?
Why this matters
This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CryptonewsRelated market context
Ukraine Central Bank Refuses to Back Crypto Bill Cleared for Second Reading
Bitcoin Magazine Ukraine Central Bank Refuses to Back Crypto Bill Cleared for Second Reading Ukraine’s central bank will not suppo...
Russia’s central bank approves Bitcoin, Ether and USDT trading for retail investors
Russia's move could boost crypto adoption, influencing global regulatory trends and potentially reshaping retail investment landsc...
Paraguay Bank Collapse Shows Why Bitcoin Was Created as USDT Hits Premium
Paraguay bank crisis is showing why Bitcoin was created in the first place. USDT sellers reportedly demanded premiums of up to 13%...
Paraguay Bank Crisis Sends USDT to 13% Premium After Ueno Freeze Hits 3M Customers
Key Takeaways: Bybit P2P listing also went about 13% cheaper than Paraguay’s official dollar rate in USDT. The failure of Ueno Ban...
UstarPay taps BitGo Bank & Trust to custody assets behind its crypto payment cards
The partnership enhances security and regulatory oversight in crypto payments, potentially boosting user trust and market adoption...
Fed and OCC Quiz U.S. Banks After $6.3 Billion Binance Hack
Bitcoin Magazine Fed and OCC Quiz U.S. Banks After $6.3 Billion Binance Hack U.S. bank regulators contacted banks this week to che...