Crypto Black Swan Event Building | SEN Shutdown | Silvergate Collapse | Bitcoin Bleeds | SEC Wins?

The end appears to be near for Silvergate Capital (NYSE: SI). The bank this evening published a notice at the top of its website indicating that it has shut-down its Silvergate Exchange Network, although it currently states that other deposit-related services remain operational.

“Effective immediately Silvergate Bank has made a risk-based decision to discontinue the Silvergate Exchange Network (SEN). All other deposit-related services remain operational,” reads the notice issued by the company.

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