Bloomberg

@business ↗

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Last Checked March 15, 2023

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Wed Mar 08 22:45:10 +0000 2023

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Bloomberg @business

Silvergate had been trying to ease investor concerns after being hit by the collapse of Sam Bankman-Fried's FTX. However, last week, the crypto-friendly bank's shares fell as much as 25% after the firm said it was reviewing whether it can remain viable https://t.co/hpO3Rg18Al — PolitiTweet.org

Posted March 8, 2023 Hibernated

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Bloomberg @business

THREAD: 🧵Silvergate Bank announced its intent to wind down operations and enter voluntary liquidation after the crypto industry's meltdown prompted the firm to evaluate its status. But, how did we get here? https://t.co/h0rCT0LQEc — PolitiTweet.org

Posted March 8, 2023 Hibernated

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Bloomberg @business

The bank offered a widely used payment network, facilitating real-time transfers between crypto funds. After its initial announcement, the crypto industry began absorbing the fallout, with Bitcoin, in particular, dropping to its lowest level in two weeks https://t.co/hrFeKA9k19 — PolitiTweet.org

Posted March 8, 2023 Hibernated