Silvergate Bank

Kraken to halt ACH deposits and withdrawals

Kraken will stop processing automated clearinghouse (ACH) transfers after March 27 due to the collapse of its banking partner, Silvergate Bank.

Silvergate Bank to Shut Down Operations and Liquidate

Silvergate Bank, one of the leading banking partners for cryptocurrency firms, announced on Wednesday, March 8, that it plans to wind down its operations and voluntarily liquidate. Its wind-down and liquidation plan includes full repayment of all deposits

Coinbase buys One River Digital Asset Management to expand business

Coinbase has acquired hedge fund manager One River Digital Asset Management (ORDAM) to expand business following a decline in annual transaction volume.