Federal Reserve orders defunct crypto bank Silvergate to carry out wind-down process
As part of the agreement, Silvergate will have to preserve all records, from emails to ephemeral messaging applications.
Source: fortune.com
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Federal Reserve confirms July launch for FedNow instant payment service
On the back of the shutdown of Silvergate's SEN and tough times facing Signature Bank, the Federal Reserve has announced that FedNow is launching in just a few months time.
Source: cointelegraph.com
Silicon Valley Bank's failure, the government's depositor rescue, and venture capitalists' incredible tantrum.
Remind me why, exactly, these guys have so much control over technological innovation?
Source: slate.com
San Diego's Silvergate Bank to close because of crypto losses
Bank will wind down operations in an "orderly manner" and pledges full repayment of all deposits.
Source: sandiegouniontribune.com
These 2 Stocks Are Feeling the Heat After Hours Wednesday
A pair of companies gave investors news that wasn't welcome.
Source: fool.com