Emily Mason
Emily Mason
I cover fintech for @Forbes. Find my byline in @ForbesCrypto, @amNewYork, @GothamGazette, @nyunewsSource
New York City, New York
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Silvergate And Signature's Demise May Torpedo A Key Crypto Growth Driver

Silvergate And Signature's Demise May Torpedo A Key Crypto Growth Driver

The closing of the top two cryptocurrency banks within a matter of days could prove to be a giant setback in the future growth of digital assets. Silvergate and Signature Bank ran pioneering blockchain systems that allowed instant commercial transfers in and out of crypto around the clock. Silvergate Exchange Network (SEN), which debuted in 2017, was the first one, while Signature’s Signet was launched two years later. Since 2019 the networks provided by these two banks were responsible for moving more that $2 trillion to and from digital asset markets.“You go back five years with the...

Mar 14
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