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At 4:30 p.m. Eastern Time, Silvergate Bank announced its intention to wind down the crypto-friendly bank’s operations and voluntarily liquidate the company’s assets. The news follows significant financial troubles the bank faced, and the firm’s stock plummeted in value. Details of Silvergate’s Wind Down and Liquidation Plan Over the last six months, Silvergate Capital Corporation’s … Read more
The adoption of Web3 wallets is hindered by complex seed phrases and a poor user experience, according to Coinbase. Go to Source Powered by WPeMatico
A large transfer of Bitcoin associated with U.S. law enforcement likely caused a spike in the on-chain metric. Go to Source Powered by WPeMatico
ARK appears unfazed by Silvergate as it increases COIN exposure by over 700,000 shares so far in 2023. Go to Source Powered by WPeMatico
US law enforcement agencies have confiscated thousands of BTC from Silk Road over the years and a significant chunk of it has been auctioned from time to time. Go to Source Powered by WPeMatico
Brian Armstrong said centralized firms have a responsibility to monitor transactions and carry out AML checks. Go to Source Powered by WPeMatico
Cryptocurrency exchange Coinbase has acquired One River Digital Asset Management, an institutional digital asset manager and registered investment adviser with the Securities and Exchange Commission (SEC). This acquisition allows Coinbase “to expand institutional access to digital assets,” the crypto exchange said. Coinbase Expanding Institutional Access to Crypto Coinbase (Nasdaq: COIN) announced Friday that it has … Read more
Visa’s head of crypto has pushed back against the notion that the credit card giant is getting cold feet because of the bear market. Go to Source Powered by WPeMatico
As part of the acquisition, Coinbase said One River Digital’s team would join the exchange and CEO Eric Peters would stay to lead the firm under the name Coinbase Asset Management. Go to Source Powered by WPeMatico
A total of five crypto companies end their partnership with Silvergate bank on March 2 after a series of lawsuits and investigations against the fintech bank. Go to Source Powered by WPeMatico
