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Silvergate Crypto Financial institution Goes Underneath After Delaying Annual Report

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Silvergate says it could possibly be “lower than effectively capitalized” Shares fall 29.3% earlier than buying and selling March 1 (Reuters) – Shares of Silvergate Capital Corp fell 29% in premarket buying and selling on Thursday, after the cryptocurrency-focused lender warned it was delaying its annual report and stated it was evaluating its skill to …

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Commerce Group Argues US SEC Case Unfairly Labels Cryptocurrencies As Securities

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Feb 22 (Reuters) – The cryptocurrency commerce affiliation’s Digital Chamber of Commerce is urging a federal courtroom to throw out a case introduced by the U.S. securities regulator towards accused former Coinbase (COIN.O) staff. of insider buying and selling, crypto belongings reminiscent of securities. The group mentioned in an amicus transient filed Wednesday in a …

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US SEC Targets Crypto ‘Involvement’ With Kraken Crackdown

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Feb 9 (Reuters) – Cryptocurrency alternate Kraken has agreed to close down its cryptocurrency staking service and pay $30 million in penalties to settle expenses by the U.S. Securities and Trade Fee that it didn’t register this system, the company stated Thursday, in a transfer that would trigger complications for platforms with related choices. The …

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