Crypto-friendly bank Silvergate is shutting down operations, liquidating bank

<p>News from late Wednesday afternoon US time a couple of hours ago. </p><p>Its been a saga this ...</p><p><a href="https://ift.tt/Rk1zHb3" target="_blank" rel="follow" data-article-link="true">Crypto-friendly bank Silvergate delayed financial reporting, is analyzing "investigations"</a></p><p><a href="https://ift.tt/t2x9hPg" target="_blank" rel="follow" data-article-link="true">Silvergate triggered yet another mini crypto sell-off</a></p><p><a href="https://ift.tt/RUFmCD1" target="_blank" rel="follow" data-article-link="true">Crypto-focused bank Silvergate in talks with FDIC about how to keep the firm in business</a></p><p>The latest:</p><ul><li>Silvergate Capital announced it will wind down operations and liquidate Silvergate Bank</li><li>The stock had a renewed free fall</li><li>"In light of recent industry and regulatory developments, Silvergate believes that an orderly wind down of Bank operations and a voluntary liquidation of the Bank is the best path forward," the company said in a statement. </li><li> All deposits will be fully repaid, according to a liquidation plan shared on Wednesday afternoon</li><li>What is not clear is how the bank plans to resolve claims against its business.</li></ul><p>---</p><p>BTC lower:</p> This article was written by Eamonn Sheridan at www.forexlive.com.

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