Despite worries about how problems in the crypto industry will affect the banking industry, the two banks that failed this week had different ties to the market for digital assets. While Silicon Valley Bank (SVB), which has weaker ties to digital assets, was forced into receivership by the Federal Deposit Insurance Corp. (FDIC), Silvergate Bank,…
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Crucial Ideas Silvergate Bank was no longer Coinbase’s partner for US dollar banking, according to the company. Thanks to the cryptocurrency exchange, Prime customers will be able to carry out institutional client cash transactions with their other banking partner, Signature Bank. The exchange further said that it would cooperate with its other banking partners to…
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