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Bitcoinist 2023-03-05 06:29:58

Silvergate Halts Crypto Payments After Suffering $1 Billion Loss

Silvergate Capital has pulled the plug on its Silvergate Exchange Network (SEN) after the bank specializing in digital assets voiced questions about its viability. SEN, the bank’s platform for crypto payments, is one of its most popular services. Unlike regular bank wires, which might take days to clear, the service enabled investors and crypto exchanges

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