Silvergate Capital has announced that it plans to shut down Silvergate Bank’s operations and voluntarily liquidate it in an orderly fashion, in a move that comes shortly after the bank incurred significant losses over the collapse of FTX.
The Chairman of the U.S. Commodity Futures Trading Commission (CFTC), Rostin Behnam, has defended that stablecoins and Ethereum’s Ether should come under the purview of the regulator, as they’re “going to be commodities.”
Coinbase, a leading cryptocurrency trading platform in the US, has unveiled a new service aiming to make Web3 technology more approachable by simplifying digital wallets, called Wallet as a Service.
Top stories in the Crypto Roundup today:
- Silvergate Bank to Wind Down Operations
- CFTC Chair Says Stablecoin and Ether Are ‘Going to Be Commodities’
- Coinbase Announces ‘Wallet as a Service’ Offering
- Binance Spot & Derivatives Market Share Reach New All-Time Highs