On March 2, 2023, Coinbase announced that the company is 'no longer accepting or initiating payments to or from Silvergate Bank.'
Coinbase Severs Ties With Silvergate Bank Amidst JPMorgan Downgrade and Delayed SEC Filing
On March 2, 2023, the cryptocurrency exchange Coinbase announced that, in light of recent developments, the company is “no longer accepting or initiating payments to or from Silvergate Bank.” The news follows the crypto bank’s delay of its annual 10-K filing with the U.S. Securities and Exchange Commission and JPMorgan’s downgrade of the company’s shares from “neutral” to “underweight.”
Coinbase Cuts Ties With Silvergate Bank, Firm’s Shares Expected to Be Highly Volatile After Recent Developments Coinbase announced on Thursday that it is no longer accepting or initiating any payments to or from the crypto-friendly bank Silvergate. Recently, Silvergate delayed its 2022 fiscal year 10-K filing with the SEC, citing the need for more time to complete the filing. Following the delay, the financial institution JPMorganPrior to the opening bell on Wall Street Thursday morning,
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Coinbase Drops Silvergate as Bank’s Shares Plunge by 50%.coinbase shifts its Prime account holder service to Signature Bank and stops payments to or from Silvergate as a precautionary measure following recent developments
Baca lebih lajut »
Coinbase Switches to Signature Bank From Silvergate for Prime CustomersThe change is specific to banking in U.S. dollars and does not affect payment instructions in pounds or euros and is effective immediately
Baca lebih lajut »
Coinbase no longer accepts payments via Silvergate BankSilvergate Bank recently announced a delay in filing its annual report, sending its stock price down over %30.
Baca lebih lajut »
Circle, Paxos, Bitstamp and Galaxy join Coinbase in scaling back partnerships with Silvergate BankCoinbase announced the exchange would no longer accept or initiate payments with Silvergate, leading the charge in firms scaling back or terminating partnerships with the bank.
Baca lebih lajut »
Silvergate Stock Plunges as Bank Says It May Face DOJ, Congressional and Bank Regulator InquiriesNEW: Silvergate Bank announced it would have to delay publishing its annual report, and hinted at increased regulatory scrutiny in a new filing. nikhileshde SteveAlpher report
Baca lebih lajut »