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The Daily Hodl 2023-01-17 23:01:45

Crypto Bank Silvergate Capital Posts Staggering $1,000,000,000 Loss Last Quarter Due to Bear Market

A digital asset-friendly bank known for serving crypto firms is announcing tremendous losses from the last quarter of 2022. Silvergate Capital, which became a publicly traded company in 2019, is known for handling digital assets and enables exchanges, institutions, and traders to exchange crypto for fiat currencies. In a new announcement, the bank says it lost $1 The post Crypto Bank Silvergate Capital Posts Staggering $1,000,000,000 Loss Last Quarter Due to Bear Market appeared first on The Daily Hodl .

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