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Silvergate Reports SHOCKING Financial Figures for 2022 | 1 Billion USD Loss???
In this video, we will talk about Silvergate Bank and its Exchange Network, how it fell to a full-year loss of $949mn in 2022, compared with a profit of $76mn in 2021, and the impact of this loss on the crypto market.
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The notorious financial exchange company FTX was a client of the Silvergate Bank until it went bankrupt in November. But what is Silvergate bank? What is the history of Silvergate, and how did it go from a net income of 75.5 million Dollars in 2021 to a loss of almost 1 billion Dollars? We will be seeking answers to these questions in our today's video.
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#CryptoNews #OnlineBusiness #CryptoMultistream #CryptoTrading
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The information provided on this channel does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the channel's content as such. Crypto Multistream does not recommend that any cryptocurrency should be bought, sold, or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.
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