Last week, Silvergate Bank, a California firm that catered to crypto companies, said it would “voluntarily liquidate” and shut down. Days later, tech startup-focused firm Silicon Valley Bank (SVB), which had some crypto clients, was closed by the California Department of Financial Protection and Innovation, which said the bank had “inadequate liquidity and insolvency.”
Join the conversation!
Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!