Cryptocurrency Market Shows Resilience Despite Shutdown of Crypto-Friendly Signature Bank
On Monday, the cryptocurrency market rallied even after regulators announced the closure of Signature Bank, the last major crypto bank in the U.S.
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Silvergate
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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.