“These events highlight Silvergate Bank’s significant operating challenges, in particular the profitability, funding and liquidity risk associated with amplified deposit volatility driven by uncertainty in the crypto currency market and the bank’s narrow business model,” Sadia Nabi, a senior analyst at Moody’s Financial Institutions Group, said.
Bitcoin (BTC) Price Wavers Around $63K Awaiting Hong Kong Spot Crypto ETF Debut
BTC drifted lower during the day from $64,000 over the weekend, slipping briefly to $61,800 before recovering to just near...