A Small Pennsylvania-Based Bank Has Replaced Silvergate as Crypto Industry’s Go-To
Pennsylvania-based Customers Bank has become crypto's go-to bank in the US.
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XLM$0.1953-3.57%
BTC$62,495.00-2.10%
ETH$1,662.50-3.31%
USDT$0.99890.00%
USDC$0.9998-0.01%
XRP$1.11-1.51%
SOL$69.43-3.23%
TRX$0.329-1.30%
FIGR_HELOC$1.03-0.16%
HYPE$62.14-5.95%
DOGE$0.0788-3.89%
USDS$0.9997+0.01%
RAIN$0.0156-2.27%
LEO$9.54+0.05%
ZEC$416.96-5.64%
XLM$0.1953-3.57%
The FDIC has been struggling to offload approximately $12.7 billion in bonds tied to project loans supported by Ginnie Mae.
Pennsylvania-based Customers Bank has become crypto's go-to bank in the US.
Against naysayers, Saylor's macro-micro Bitcoin strategy is paying off.
The closures of Signature and Silvergate banks spooked institutional crypto investors, driving digital asset fund outflows to a new weekly record.
US regulators said depositors in both Silicon Valley Bank and Signature Bank will be made whole.
With one of the biggest fiat-to-crypto rails shutting down, it might be the time for stablecoins to shine.
Shares of Silicon Valley Bank continue to fall at a rapid rate in premarket trading Friday.
Silvergate Capital Corporation made the decision to wind down its operations and voluntarily liquidate Silvergate Bank.
Silvergate is reportedly working with FDIC in an effort to find a way out of the crisis caused by the collapse of FTX, and the recent…
Once a key piece of the digital asset industry’s infrastructure enabling 24/7 fiat-to-crypto transactions, Silvergate’s SEN is now officially discontinued.
According to a Friday filing, Silvergate is to immediately release $9.85 million to the cryptocurrency lender BlockFi.
The crypto market lost 3.8% on Friday following the latest sell-off triggered by Silvergate fallout.
Silvergate's slide continue in Thursday premarket, with the stock plummeting more than 45%.