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Silvergate Suspends Crypto Payments Network: 'This Is A Very Bad Sign'
Sunday, March 5, 2023 - 12:54pm | 538Cryptocurrency-focused Silvergate Capital Corp (NYSE: SI) has discontinued the Silvergate Exchange Network, its crypto payments network. The company has said it has made a "risk-based decision" to discontinue the service, reports Reuters. "Effective immediately,...
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Funding A Call for VISA
Wednesday, December 22, 2010 - 5:05am | 875Investors are now becoming familiar with the story of Master Card (NYSE: MA) and Visa (NYSE: V) being pummeled by the Fed's proposal to cut interchange rate drastically for debit cards. To recap, Federal Reserve on December 16 announced the proposal to place a cap on the interchange fees banks...