Opinion: The Silvergate Collapse Shouldn’t Predict Crypto’s Future
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Earlier today, we reported that Silvergate Bank – a tech-friendly financial institution stationed in Silicon Valley – had collapsed. The company is liquidating all its assets after being shuttered by the federal government due to a high number of monetary failures, and bitcoin suffered because of this. Silvergate Has Closed, but There’s Still Hope for Bitcoin Many are saying this is the start of the 2008 Great Recession all over again. Many think this is a continuation of 2022, and that bitcoin and all its crypto cousins will never recover from bearish conditions, but these thoughts could be jumping the
Silvergate saw customers deposit an average of $14.7 billion worth of bitcoin and cryptocurrency to the firm’s platform during the first quarter of this year. Silvergate’s cryptocurrency services... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Go to Source Author:…
MacroStrategy, subsidiary of MicroStrategy, closed on a $205 million loan through Silvergate Bank, collateralized by bitcoin in order to purchase more bitcoin. MacroStrategy, subsidiary of... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Go to Source Author: coinmaker
MacroStrategy Closes $205 Million Bitcoin Collateralized Loan with Silvergate Bank Silvergate Bank, which is a subsidiary of Silvergate Capital Corporation, is the reputed provider of innovative... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Go to Source Author: coinmaker