Thursday, November 21, 2024
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President Herbert Hoover Saves the Day for a Crypto Bank? Yeah, That’s Weird

Basically, Silvergate is the bank for a lot of crypto businesses (1,300+, according to the company website, if you include “fintechs”), which tend to have problems maintaining banking relationships. As such, it’s probably not surprising to learn that Silvergate’s assets under management (AUM) has grown quickly the last few years.

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Sam Bankman-Fried’s weird, cryptic tweets attract even wilder theories

Sam Bankman-Fried, the founder and former CEO of the now-bankrupt cryptocurrency exchange FTX, created a strange Twitter thread starting on Nov. 14, attracting the attention and speculation of the crypto community.The latest tweet at the time of writing, posted by Bankman-Fried at 5:30 am UTC on Nov. 15, is Bankman-Fried

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