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Silvergate in Talks With FDIC Officials on Ways to Avoid Shutdown: Report
Silvergate Capital is currently in talks with US federal officials on ways to avoid a shutdown of the bank, according to a report. The bank made a "risk-based decision" to discontinue the Silvergate Exchange Network last week, and stated that it was delaying its annual report and said it was evaluating its ability to operate as a going concern.
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Cryptocurrency Stocks Down As Silvergate Crisis Deepens
Shares of cryptocurrency-related companies fell in premarket trading on Monday after Silvergate Capital Corp pulled the plug on its crypto payments network, following its doubts about keeping its business viable.
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Silvergate in Talks With FDIC Officials on Ways to Avoid Shutdown: Report
Silvergate Capital is currently in talks with US federal officials on ways to avoid a shutdown of the bank, according to a report. The bank made a "risk-based decision" to discontinue the Silvergate Exchange Network last week, and stated that it was delaying its annual report and said it was evaluating its ability to operate as a going concern.
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Cryptocurrency Stocks Down As Silvergate Crisis Deepens
Shares of cryptocurrency-related companies fell in premarket trading on Monday after Silvergate Capital Corp pulled the plug on its crypto payments network, following its doubts about keeping its business viable.
