Major cryptocurrencies tumbled Friday as concerns over Silvergate Capital Corp.’s ability to continue its operation keep brewing.
Silvergate... Major cryptocurrencies tumbled Friday as concerns over Silvergate Capital Corp.’s ability to continue its operation keep brewing. Silvergate SI stock lost more than half of its value Thursday, while it recouped some losses Friday with a 6.7% gain, according to Dow Jones market data.Several crypto companies, such as exchange Coinbase COIN , financial services firm Galaxy Digital and stablecoin issuer Circle, said Thursday they would cease payment transactions with Silvergate, after the lender said Wednesday in a regulatory filing that it would delay the submission of its annual report.
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Bitcoin price risks $23K rerun as Coinbase stock falls over SilvergateBitcoin stays mostly stable as worries over Coinbase and Silvergate bank fail to spill over into BTC price. . . . the risk isn't $23K, it's $15K. And $10K. And the risk is very real.
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Bitcoin Holds Above $23K as Concerns Loom for Silvergate BankCrypto bank Silvergate Bank announced it would postpone the filing of its annual report on Wednesday, sending its stock price plunging. Wave Financial Head of Protocol and Treasury Management Nauman Sheikh discusses what this means for the crypto markets and why he's 'surprised' the crypto markets have not reacted more strongly to the news just yet. Plus, the potential impact of the upcoming Shanghai upgrade on the Ethereum community.
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Source: CoinDesk - 🏆 291. / 63 Read more »
Coinbase Severs Ties With Silvergate Bank Amidst JPMorgan Downgrade and Delayed SEC Filing – Bitcoin NewsOn March 2, 2023, Coinbase announced that the company is 'no longer accepting or initiating payments to or from Silvergate Bank.' 👀 Ok cool, I only listen to ChiefraFba for signals and analysis!..I have a 93% win rate in 3 months of copying his signals! Using Chiefrafba for signals and analysis I have a 92% win rate in 2 months
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