Yet another major crypto-related firm is shutting down its services. Silvergate Capital Corporation, the parent company of crypto bank Silvergate, announced on March 8th that it plans to shut down Silvergate Bank operations…
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Once a major banking partner for various cryptocurrency firms, Silvergate will end its operations in line with regulatory requirements. In a press release shared on Wednesday, Silvergate Capital Corporation, the holding company for…
Blaming “recent industry and regulatory developments,” crypto-friendly bank Silvergate announced today that it is winding down operations. According to a Wednesday press release by Silvergate Capital Corporation, the holding company of Silvergate Bank,…
The spokesperson for the Biden administration says Silvergate is yet another crypto-related firm experiencing “significant issues.” Silvergate Bank, a Californian bank that specializes in providing financial infrastructure to the cryptocurrency trading industry, is…
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Cryptocurrency markets experienced a relatively calm month in February as the total market capitalization gained 4% in the period. However, the fear of regulatory pressure appears to be having an impact on volatility…
Tether’s troubles continue. According to a Friday WSJ report, companies backing the world’s biggest stablecoin used fake documents and shell companies to help its parent company get into the banking system. The Journal…
Xapo Bank will soon offer an annual interest rate of up to 1% on Bitcoin (BTC). Xapo Bank has partnered with Lightspark to become the world’s first fully licensed private bank to support…
Cryptocurrency exchange Kraken is stepping away from Signature Bank for processing certain transaction types due to decisions made by the New York-based banking firm. From now on, non-corporate clients cannot deposit or withdraw…
Xapo is partnering with Lightspark to allow its customers to send bitcoin near-instantaneously to any vendor who accepts BTC over Lightning. Gibraltar-licensed private bank Xapo Bank has partnered with Lightspark, the startup spearheaded…
Stablecoins are entering a period of great uncertainty following the U.S. Securities and Exchange Commission labeling BUSD an “unregistered security” and ordering Paxos to stop minting new tokens. Do these moves signal a…
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![6 HUGE Crypto News Stories Shaking Markets! [Matic, Bitcoin, Dogecoin, NFTs]](https://i.ytimg.com/vi/YvN-VW62NMk/maxresdefault.jpg "6 HUGE Crypto News Stories Shaking Markets! [Matic, Bitcoin, Dogecoin, NFTs]")
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Binance.US refuted an earlier report made by Reuters, which stated that the international exchange allegedly moved $400 million from an account belonging to the American affiliate. In an attempt to clarify the situation,…