Silvergate Bankrupt!! What it Means For Crypto! 🏦📉

Silvergate Bank was a Californian bank that operated from 1988 to 2023. The company began providing services for cryptocurrency users in 2016, and conducted an IPO in 2019. In November 2022, concerns were raised about Silvergate's health, following the fall in cryptocurrency prices and the bankruptcy of FTX.

- TIMESTAMPS -
00:00 - Intro
00:52 - What Is Silvergate?
05:31 - Silvergate Collapse
10:23 - What Comes Next?
14:54 - Why Silvergate?

📺Essential Videos📺
• Operation Chokepoint 2.0 👉 https://www.youtube.com/watch?v=tV1jp4FrKlU
• Bank Bail Ins Explained 👉 https://www.youtube.com/watch?v=0Og5-OJ1x1s
• Safest Crypto Exchanges 👉 https://www.youtube.com/watch?v=ZXli6q5aSEw
• FTX's SECRET Bank 👉 https://www.youtube.com/watch?v=l0VUdbS4a0I
• FTX Collapse Speculation 👉 https://www.youtube.com/watch?v=WgJbWZpRWyo

⛓️ 🔗 Useful Links 🔗 ⛓️
► Silvergate Shuts Down SEN: https://cointelegraph.com/news/silvergate-closes-exchange-network-releases-9-9m-to-blockfi
► Blackrock Invests In Silvergate: https://www.coindesk.com/markets/2023/01/31/crypto-bank-silvergate-shares-move-higher-after-blackrock-boosts-stake/
► BCB Group Building SEN Replacement: https://www.coindesk.com/business/2023/03/06/crypto-banking-firm-bcb-readies-us-dollar-payments-to-plug-silvergate-gap/
► Silvergate Building Crypto Exchange With Wall Street: https://www.coindesk.com/business/2022/09/13/charles-schwab-citadel-fidelity-and-others-start-crypto-exchange-edx-markets/

Original Video by Coin Bureau: https://www.youtube.com/watch?v=064KLVW9M1E

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