CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Caitlin Long, founder and CEO of Custodia Bank, which aims to bridge traditional finance and digital assets, discusses the uncertainty at Silvergate Bank.
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Silvergate Bank Terminates Crypto Payments Network as Shares Plunge to Record Low – Featured Bitcoin NewsSilvergate Bank shut down its cryptocurrency payments network after crypto firms, including Coinbase, dropped their banking relationships. bitcoin
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Silvergate Issues Continue: Bank Closes Its Crypto Payments NetworkThe troubled bank said the closure was a 'risk-based decision.'
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Host of Crypto Firms, Including Coinbase, Paxos and Galaxy, Jump Ship From Silvergate Bank.Coinbase recently switched from Silvergate “out of an abundance of caution,' adding that it has minimal exposure to the crypto-focused bank. PaxosGlobal has also jumped ship, discontinuing all SEN transfers and wires to their Silvergate account.
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Crypto Banking Firm BCB Readies U.S. Dollar Payments to Plug Silvergate GapCrypto payment network BCBcrypto is accelerating its USD instant payment rail plans to support industry continuity in the wake of Silvergate’s settlement layer closure. IanAllison123 reports.
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Crypto stocks fall as Silvergate crisis deepensShares of cryptocurrency-related companies fell in premarket trading on Monday after Silvergate Capital Corp pulled the plug on its crypto payments network, following its doubts about keeping its business viable.
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