Silvergate shutting down operations and
liquidating bank
Posted By: Pete Stone, 3/8/2023 5:47:06 PM
Silvergate Capital announced on Wednesday that it will wind down operations and liquidate Silvergate Bank. The company’s stock is down more than 25% in after-hours trading. Silvergate is one of the two main crypto banking giants. The other is the New York-based Signature Bank which has more than $114 billion dollars in total assets. Silvergate has just over $11 billion. “In light of recent industry and regulatory developments, Silvergate believes that an orderly wind down of Bank operations and a voluntary liquidation of the Bank is the best path forward,” the company said in a statement.
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Silvergate Capital
announced on Wednesday that it will wind down operations and liquidate Silvergate Bank. The company’s stock is down more than 25% in after-hours trading.
Silvergate is one of the two main crypto banking giants. The other is the New York-based Signature Bank which has more than $114 billion dollars in total assets. Silvergate has just over $11 billion.
“In light of recent industry and regulatory developments, Silvergate believes that an orderly wind down of Bank operations and a voluntary liquidation of the Bank is the best path forward,” the company said in a statement.
A Chinese state-run newspaper issued a warning to Tesla CEO Elon Musk after he shared reporting on the U.S. Department of Energy’s “low confidence” assessment that the global Covid pandemic originated in a Wuhan laboratory.
CNBC’s Eunice Yoon reported Tuesday morning on the warning from the social media pages of the Global Times, the English-language subsidiary of the government-controlled People’s Daily. The Global Times warned Musk that he could be “breaking the pot of China” after the Tesla and Twitter CEO responded to tweets that asserted that the Covid pandemic originated in a Wuhan research laboratory.
Exposure to SARS-CoV-2 vaccination and
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infection may provide more durable immunity:
Canadian study 14 replies
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Two things occurred to our editorial team as we watched things spin out of control at the Capitol yesterday afternoon: First, we knew this would be one of those few-in-a-lifetime days that we remember because of its uniqueness and its gravity [Snip] Searching for some honor and decency amid the rubble that was January 6, 2021, we came across these simple words from Vice President Mike Pence: “It’s my considered judgment that my oath to support and defend the Constitution constrains me from claiming unilateral authority to determine which electoral votes should be counted and which should not.”
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recommend big changes 9 replies
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Kamala Harris's verbal utterances are bizarre, repetitive, and often not completed. (snip) Aphasics may do this to hide the fact that they can literally not hold onto the meaning of their narrative, to carry it to completion. So, they make up an ending to the story and then perhaps flip into a semantically weird ending. Harris often simply repeats her first sentence.
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Former January 6 Chairman Bennie Thompson claimed he never had access to January 6 footage after Fox News host Tucker Carlson released never-before-seen footage.
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There is no way to avoid this moment. The formal letter of apology. From me. To Conservatives and to those who “put America first” everywhere.
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Dr. Redfield's Bombshell Testimony
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Yesterday, we witnessed the ex-director of the CDC, under oath, directly blame Dr. Fauci and the US Government for the deaths of millions of people. However, if you went to the headlines of Google News - there was nary a news story. I guess Google felt it wasn’t important enough to warrant above-the-fold status. Seems like they had to make room for important news items, like the ones above.
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Here's an other blow to the crypto bubble following the FTX collapse.