Silvergate’s Silvergate Exchange Network (SEN) will shut down as part of a “risk based decision,” the bank said.
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“You will see our head of investments, Akshat Vaidya at conferences globally,” Hayes said.
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The staff belief does not represent the position of the SEC.
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Moody’s downgraded Silvergate for the second time in less than two weeks, citing lack of capitalization as well as “governance deficiencies.”
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This comes days after Silvergate said it was in the “process of reevaluating its business strategies” and companies severed ties.
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Bitcoin mining stocks were mixed on Friday.
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Crypto prices dipped at the end of the work week while equities were more fortunate. Silvergate was up almost 6% after plunging Thursday.
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Base Testnet, a new Ethereum L2 developed by Coinbase, has integrated Chainlink to provide secure off-chain price feeds for developers.
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Phishing scams targeted Gemini customers across the UK and the European Economic Area.
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Blockchain development firm ConsenSys said public testing of the zkEVM rollup network will commence on Mar. 28.
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