The Real Reasons Silvergate Collapsed



Beleaguered Silvergate Bank has announced that it will be winding down. NLW examines whether the turn of events is due to banking crypto companies, specific business decisions made by Silvergate or a coordinated political campaign against the company.

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“The Breakdown” is written, produced and narrated by Nathaniel Whittemore aka NLW, with editing by Michele Musso and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsor today is “Foothill Blvd” by Sam Barsh. Image credit: Lerbank/ Getty Images, modified by CoinDesk.

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Silvergate Bankrupt!! What it Means For Crypto!



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📺Essential Videos📺

Operation Chokepoint 2.0 👉 https://youtu.be/tV1jp4FrKlU
Bank Bail Ins Explained 👉 https://youtu.be/0Og5-OJ1x1s
Safest Crypto Exchanges 👉 https://youtu.be/ZXli6q5aSEw
FTX’s Secret Bank 👉 https://youtu.be/l0VUdbS4a0I
FTX Collapse Speculation 👉 https://youtu.be/WgJbWZpRWyo

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⛓️ 🔗 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/

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– TIMESTAMPS –
0:00 Intro
0:52 What Is Silvergate?
5:31 Silvergate Collapse
10:23 What Comes Next?
14:54 Why Silvergate?

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📜 Disclaimer 📜

The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.

#Silvergate #Crypto #Bitcoin

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