Crypto-focused bank Silvergate Capital Corp became the latest casualty of a meltdown in the industry after announcing plans to wind down operations and voluntarily liquidate.Founded in 1988, Silvergate ventured into crypto in 2013. The bank in December said it would shut its mortgage warehouse business am
Crypto-focused bank Silvergate Capital Corp became the latest casualty of a meltdown in the industry after announcing plans to wind down operations and voluntarily liquidate.
Founded in 1988, Silvergate ventured into crypto in 2013. The bank in December said it would shut its mortgage warehouse business amid rising interest rates and declining mortgage volumes.sells Blockchain Payments Network and othercents below Refinitiv IBES estimate as volumesNov 11, 2022 The company said it has no outstanding loans orcrypto exchange represented less than 10 per cent ofproceedings in the United StatesBlockFi with deposits limited to less than $20bankruptcy protectionto $3.
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