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Bitcoinist
2023-03-08 22:18:26

BREAKING: Silvergate To Close Bank And Wind Down Operations

BREAKING: Silvergate To Close Bank And Wind Down Operations

Per several reports, crypto-friendly bank Silvergate will liquidate the financial institution and reduce its operations. The bank faced issues following the collapse of one of its major partners, crypto exchange FTX. Related Reading: Bitcoin Leverage Ratio Rises, Volatile Move Incoming? Today’s announcement seems like an unavoidable step after weeks of speculations and concerns from investors

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