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One crypto bank is no more — and one wonders what's next for the crypto banking business model itself.  To that end, Silvergate Capital said Wednesday night (March 8) that it would wind down operat
Silvergate's share price has tumbled 98% since its peak in November 2021.
Markets clawed back from losses earlier in the session on Wednesday. MongoDB's stock fell as investors weren't satisfied with the cloud-database company's forecast for the coming year.

Silvergate to Wind Down Bank Operations

05:59pm, Wednesday, 08'th Mar 2023
Silvergate Capital Corp. plans to wind down operations and liquidate its bank after the crypto industry's meltdown sapped the company's financial strength. The bank's ties to FTX were being looked at
The crypto-market rout sparked a run that forced it to sell assets at a steep loss to cover withdrawals.
SI stock tanked after hours Wednesday after Silvergate Capital announced plans to shut down and liquidate crypto lender Silvergate Bank. The post Silvergate Capital To Shut Down, Liquidate Crypto-Frie

Crypto-friendly lender Silvergate collapses

05:39pm, Wednesday, 08'th Mar 2023
Crypto-focused lender Silvergate said it is winding down operations and will liquidate the bank after being financially pummeled by turmoil in digital assets.
Yahoo Finance Live's Seana Smith checks out several stocks trending in the after-hours trading session.
CNBC's Kristina Partsinevelos joins 'Closing Bell: Overtime' to report on Silvergate winding down operations.
Crypto-focused bank Silvergate Capital Corp said on Wednesday it planned to wind down operations and voluntarily liquidate.
Silvergate Capital announced on Wednesday that it will wind down operations and liquidate Silvergate Bank.
Struggling crypto-friendly bank Silvergate Capital is reportedly working with U.S. regulators to stay in business. Officials from the Federal Deposit Insurance Corporation (FDIC) have been in discussi
Silvergate Capital has stopped using a payment network that is critical to crypto traders. Bloomberg's Sonali Basak explains why it's so important on "Bloomberg Crypto.

Silvergate Is at Center of Storm, Says Nic Carter

12:51pm, Wednesday, 08'th Mar 2023
Nic Carter, Castle Island Ventures founding partner, says Silvergate Capital is at the "center of the storm" when it comes to regulating the crypto industry. He's on "Bloomberg Crypto.
Yahoo Finance's David Hollerith joins the Live show to discuss reports that Silvergate is in talks with the Federal Deposit Insurance Corporation (FDIC) to salvage the bank amid ongoing uncertainty.
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