#shorts
In this video, Big Rob discusses the recent developments at Silvergate Bank, a crypto-friendly bank that has seen a mass exodus of industry clients after announcing it would need to review its books with auditors and warned of potential regulatory inquiries and investigations. The bank's share price has plummeted by over 50%, and several major players in the crypto industry, including Coinbase, Circle, and Paxos, have suspended business operations with Silvergate. Big Rob provides his insights on what this means for the future of crypto-friendly banks and the potential impact on the broader crypto market.#bitcoin #SilvergateBank #cryptoindustry #cryptobanking #Coinbase #Circle #Paxos #CryptoCom #Bitstamp #CboeDigitalMarkets #GalaxyDigital #Gemini #LedgerX #Kraken #SignatureBank #ACHtransfers #cryptoderivatives #USDepartmentofJustice #bankregulators #goingconcern #cryptonews
