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Silvergate terminates crypto payments network as shares plunge to record low

Crypto bank Silvergate has discontinued its digital assets’ payment network because it is a “risk-based decision.” The announcement comes after the bank’s stock fell over 59% last week due to fears of a potential bankruptcy. Silvergate terminates exchange network Silvergate announced on its website on Mar. 4 that it had closed the Silvergate

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Silvergate Bank Terminates Crypto Payments Network as Shares Plunge to Record Low – Featured Bitcoin News

Silvergate Bank has discontinued its cryptocurrency payments network. The decision to shut down Silvergate Exchange Network followed the withdrawal of banking relationships by several major cryptocurrency firms, including Coinbase, Gemini, Paxos, and Circle. Silvergate Discontinues Crypto Payments Network Silvergate Bank announced Friday that its cryptocurrency payments network, the Silvergate Exchange Network (SEN),

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