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Silvergate Bank Terminates Crypto Payments Network as Shares Plunge to Record Low
5.3.2023
Silvergate Bank has discontinued its cryptocurrency payments network. The decision to shut down Silvergate Exchange Network followed the withdrawal of banking relationships by several major cryptocurrency firms, including Coinbase, Gemini, Paxos, and Circle. Silvergate Discontinues Crypto Payments...
Reports Claim Beleaguered Crypto Exchange FTX Seeks Over $9 Billion From Investors
10.11.2022
On Nov. 10, 2022, two reports said that FTX CEO Sam Bankman-Fried (SBF) is canvassing for emergency funds up to $9.4 billion for the embattled exchange. One report says that SBF has solicited crypto companies like Tether, OKX, and Tron founder Justin Sun as well. FTX Is Reportedly Seeking Up...
Silvergate Bank revenue soar in Q1 as institutional crypto trading activity falls
19.4.2022
The bank facilitated $142 billion worth of transfers between crypto exchanges and financial institutions in Q1
Silvergate Bank Sees 40% Increase in Deposits From Digital Currency Customers
26.10.2020
Silvergate Bank added $586 million in new deposits from firms and individuals in the cryptocurrency industry in the third quarter of 2020
Crypto Exchange CEX.io Boosts US Push With Silvergate’s Payment Network
7.11.2019
U.K.-based crypto exchange CEX.io says it's joined the Silvergate Exchange Network, the payment rail of the go-to bank for crypto in the U.S