Just in: Silvergate goes out of business

Popular crypto bank, Silvergate says it is going out of business.

 

The firm, in the announcement, said that it intends to return all customer deposits.

 

 

Considered one of the two major digital banking giants in the United States, Silvergate Capital has promised to repay all deposits in full.

 

The press release said that “it’s intent to wind down operations and voluntarily liquidate the bank in an orderly manner and in accordance with applicable regulatory processes.

 

“In light of recent industry and regulatory developments, Silvergate believes that an orderly wind down of bank operations and a voluntary liquidation of the bank is the best path forward,”

 

Details later.

 

 

Related Posts

Leave a Reply

Newsletter

Subscribe To Newsletter

For updates and exclusive offers, enter your e-mail below.

Popular Posts

NCC and FintechNGR Renew Commitment to Deepen Nigeria’s Fintech Sector
July 18, 2024By
Pixelverse Announces Launch of PIXFI Token on TON
July 16, 2024By
South Korea’s Right-Wing Party Proposes Three-Year Delay in Crypto Gains Tax
July 16, 2024By

Advertisement

Video Posts

Crypto Stats


CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin64,749 0.31 % 0.05 % 10.80 %
Ethereum3,449.4 0.27 % 0.11 % 9.71 %
Tether1.001 0.07 % 0.00 % 0.07 %
BNB574.14 0.19 % 0.16 % 7.71 %
? --- 0.00 % 0.00 %
? --- 0.00 % 0.00 %
? --- 0.00 % 0.00 %
? --- 0.00 % 0.00 %
? --- 0.00 % 0.00 %
? --- 0.00 % 0.00 %

Please enter CoinGecko Free Api Key to get this plugin works.