Silvergate Bank Announces Voluntary Liquidation as Crypto Industry Woes Persist
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 […]
UK’s Financial Regulator Issues Warning Against Sam Bankman-Fried’s Crypto Exchange (FTX)
The UK’s financial regulator, the Financial Conduct Authority (FCA), has issued a warning to consumers against dealing with FTX, the cryptocurrency exchange run by billionaire Sam Bankman-Fried. The warning letter stated, “We believe this firm may be providing financial services or products in the UK without our authorisation.” It also said, “This firm is not authorised […]
Celsius Crypto Exchange Pauses All User Activity, Sends $320M to FTX
The crypto market has been struck with yet another unpleasant surprise as crypto trading and lending platform Celsius announced it would be halting all withdrawals, swaps and other transactions between accounts. Celsius, a well-known crypto lender, paused withdrawals, swaps and transfers, exacerbating a broader market selloff as traders continued to question the market https://t.co/k07r6vAX6Z — […]
Crypto Exchange FTX Launches Stock Trading Platform with Stablecoins
The United States-based subsidiary of global cryptocurrency trading platform FTX is launching a stock trading platform to allow investors to trade cryptocurrencies alongside stocks. FTX Debuts Stock Trading in the U.S. West Realm Shires Services, the owner and operator of FTX U.S, announced on May 19th the upcoming launch of ‘FTX Stocks’, a stock trading […]