Silvergate closes Exchange Network, releases $9.9M to BlockFi By Cointelegraph
March 4, 2023
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Crypto bank Silvergate announced on March 3 that it is discontinuing its digital assets’ payment network, claiming the termination is a “risk-based decision”. The move comes after the bank’s stock fell over 59% in the past five days due to fears of a potential bankruptcy.
A disclaimer on Silvergate’s website stated:
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© Reuters.
Crypto bank Silvergate announced on March 3 that it is discontinuing its digital assets’ payment network, claiming the termination is a “risk-based decision”. The move comes after the bank’s stock fell over 59% in the past five days due to fears of a potential bankruptcy.
A disclaimer on Silvergate’s website stated:
Continue Reading on Coin Telegraph