Crypto Biz: Silvergate shutting down, Alameda suing Grayscale

Crypto Biz: Silvergate shutting down, Alameda suing Grayscale

With the Bitcoin (BTC) halving more than a year away, don’t expect crypto industry narratives to change anytime soon. Nay, crypto winter is still in full force, and the nasty headlines show no signs of abating. 

This week, Silvergate Bank’s parent company announced it would shut down and liquidate the crypto bank “in light of recent industry and regulatory developments.” This hardly comes as a surprise after most of Silvergate’s high-profile partners abandoned the company when the regulators came knocking.

The latest Crypto Biz newsletter documents the voluntary liquidation of Silvergate, a new lawsuit from Alameda Research targeting the Digital Currency Group (DCG), and “stale” Tether allegations from The Wall Street Journal.

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Silvergate Capital Corporation will ‘voluntarily liquidate’ Silvergate Bank

After months of uncertainty, Silvergate Bank’s parent company

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