Cryptocurrency Market

Cryptocurrency Market

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  • Market Cap: $3,856,465,656,990.78
  • 24h Vol: $454,868,589,854.13
  • BTC Dominance: 55.57%

regulatory scrutiny

silvergate-bank-announces-voluntary-liquidation-as-crypto-industry-woes-persist

Silvergate Bank Announces Voluntary Liquidation as Crypto Industry Woes Persist

Leave a Comment / asset preservation, bank operations, banking giant JPMorgan, Bitcoin, Circle, Coinbase, crypto exchange FTX, Crypto Hacked, crypto-friendly banking, Crypto.com, Cryptocurrency, deposit repayment, Ethereum, Financial Troubles, Gemini, industry developments, large crypto firms, liquidation plan, News, Paxos, payment platform, proprietary technology, regulatory scrutiny, residual value, SEC, SI, SI stock, Silvergate Bank, Silvergate Capital Corporation, stock downgrade, tax assets, US Securities and Exchange Commission, USD value, voluntary liquidation, wind down plan / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

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 […]

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report:-paypal-puts-stablecoin-plans-on-hold-as-us-regulators-crack-down-on-crypto-industry

Report: Paypal Puts Stablecoin Plans on Hold as US Regulators Crack Down on Crypto Industry

Leave a Comment / Bitcoin, BitLicense, Congress, Crypto Hacked, crypto industry, Crypto lender, crypto services, Cryptocurrency, Decision, earn product, Ethereum, Financial Technology, Investigation, Kraken, New York State Department of Financial Services (NYDFS), News, Nexo, offshore services, online payment system, pause, pause stablecoin, pausing plans, Paxos, Paxos stablecoins, Payments Giant, Paypal, PayPal stablecoin, PayPal stablecoin idea, Plans, regulatory guidance, regulatory scrutiny, relevant regulators, retail investors, Spokesperson, Stablecoin, Stablecoin issuer, staking service program, state regulators, U.S. retail customers, U.S. Securities and Exchange Commission (SEC), US Regulators / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

During the first week of 2023, payment service giant Paypal said it was exploring the launch of a stablecoin. At the time, an executive at Paypal stated that if the company moved forward, it would work closely with financial regulators. However, on Feb. 10, a source noted that Paypal has put the concept on hold

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