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Silvergate Struggles to Survive Amid Crypto Industry Collapse
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Silvergate Struggles to Survive Amid Crypto Industry Collapse

Silvergate, a California-based bank that heavily focuses on cryptocurrency, has seen a substantial drop in its stock value as it faces an uncertain future. The bank recently revealed that it was evaluating its ability to survive as a going concern, which caused its shares to lose almost half their value in early trading on Thursday.