Silvergate Collapse: New Claims Challenge Official Narrative

Quick Summary:

Cryptocurrency expert Nic Carter has pointed the finger at the Federal Reserve, alleging they played a major role in the well-known Silvergate liquidation of early 2023.

Carter contends that the Fed pressured the California-based bank to scale back its crypto business.

To comply with such a recommendation, Silvergate would have been forced to restructure its […]

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Article Details

Author / Journalist: Ikemefula Aruogu

Category: Crypto

Markets: India

Topics: Market News Cryptocurrency Ftx Market News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-20 @ 12:00:00 (1 weeks ago)

News Timezone: GMT +0:00

News Source URL: coinedition.com

Language: English

Article Length: 159 words

Reading Time: 1 minutes read

Sentences: 49 lines

Sentence Length: 4 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coinedition

News ID: 22622040

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About Coinedition

Main Topics: Crypto

Official Website: coinedition.com

Update Frequency: 18 posts per day

Year Established: 2020

Headquarters: India

News Last Updated: 15 hours ago

Coverage Areas: India

Publication Timezone: GMT +0:00

Content Availability: Worldwide

News Language: English

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Publisher ID: #124

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