CrypLogger.com
  • Home
  • Exclusive
  • Learn About Coins
  • Artificial Intelligence
  • Special Projects
  • News
  • Opinions
  • Current Prices
No Result
View All Result
  • Home
  • Exclusive
  • Learn About Coins
  • Artificial Intelligence
  • Special Projects
  • News
  • Opinions
  • Current Prices
No Result
View All Result
CrypLogger
No Result
View All Result
Home Opinions

Schiff urged to sell bitcoins amid Silvergate problems

by Vaibhav
March 10, 2023
in Opinions
0
Schiff urged to sell bitcoins amid Silvergate problems
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Peter Schiff

Peter Schiff, president of the Euro Pacific Capital bank, called for selling the first cryptocurrency and buying gold.

If #crypto really is the future, why is #Silvergate, the premier crypto bank already a thing of the past? A wave of #blockchain related bankruptcies will soon crash down on #CryptoCurrencies, turning the crypto winter into a deep freeze. Hurry, sell your #Bitcoin and buy #gold.

— Peter Schiff (@Peter Schiff) March 10, 2023

“If crypto is really the future, then why is Silvergate, the main crypto bank, already gone?” Schiff asked.

In his opinion, a wave of bankruptcies will “fall” on digital assets and turn the crypto winter “into a freezer.”

See also  Buterin expressed doubts about replacing programmers with neural networks

Related articles

Robert Kiyosaki Predicted Bitcoin Growth to $500,000

Robert Kiyosaki recommended buying bitcoin before the “crash landing”

March 15, 2023
The crypto community is worried about the collapse of banks

regulators let banks know that cryptocurrencies are toxic

March 14, 2023

Asked by users about his bank’s problems, Schiff replied that regulators and the media were to blame.

My bank didn’t fail. Blame the government and the media for your inability to access your funds.

— Peter Schiff (@Peter Schiff) March 10, 2023

In July 2022, Puerto Rican regulators shut down Euro Pacific amid allegations of insolvency and non-compliance. Then Schiff said that government agencies were taking revenge on him for criticizing excessive taxation and control by the authorities.

See also  The UN announced the use of cryptocurrencies by "advanced" terrorists

He later announced that he was ready to sell his bank for bitcoin and any other digital asset.

In February 2023, it became known that US authorities were investigating Silvergate Bank’s connection to the collapsed FTX and Alameda Research. Moody’s downgraded the rating of the institution due to the reduction of the basic credit rating.

On March 3, 2023, Silvergate announced the discontinuation of the payment network SEN. And less than a week later, the parent company of the bank announced its liquidation.

See also  Arthur Hayes: Bitcoin and Ethereum quotes have already passed the local bottom

Amid bankruptcy rumors, many crypto companies have distanced themselves from Silvergate. In particular, Block.one sold its stake in the organization, and the LedgerX platform abandoned the bank’s services in favor of Signature Bank.

Recall that in December 2022, Peter Schiff predicted the fall of Bitcoin to $5,000.

Subscribe to Cryplogger on social networks

Found a mistake in the text? Select it and press CTRL+ENTER

Cryplogger Newsletters: Keep your finger on the pulse of the bitcoin industry!

Share76Tweet47

Related Posts

Robert Kiyosaki Predicted Bitcoin Growth to $500,000

Robert Kiyosaki recommended buying bitcoin before the “crash landing”

by Vaibhav
March 15, 2023
0

Rich Dad Poor Dad bestselling author and entrepreneur Robert Kiyosaki has once again called for investing in gold, silver and...

The crypto community is worried about the collapse of banks

regulators let banks know that cryptocurrencies are toxic

by Vaibhav
March 14, 2023
0

Signature Bank resolved the outflow of deposits by the time the New York state regulator decided to close the financial...

The crypto community is worried about the collapse of banks

The crypto community is worried about the collapse of banks

by Vaibhav
March 13, 2023
0

The problems of three banks - Silvergate Bank, Signature Bank and Silicon Valley Bank (SVB) - have raised concerns among...

Bill Gates doubts the breakthrough potential of the metaverses

Bill Gates called AI the “most important” innovation of our time

by Vaibhav
March 12, 2023
0

Improvements in artificial intelligence are the "most important" innovation at the moment. This was stated by billionaire and founder of...

Steve Wozniak warned about “terrible mistakes” ChatGPT

Steve Wozniak warned about “terrible mistakes” ChatGPT

by Vaibhav
March 11, 2023
0

Apple co-founder Steve Wozniak advised caution about ChatGPT, developed by OpenAI. He stated this on the air of the TV...

Load More

Recent News

  • Judge Gives U.S. Attorneys Until October 3 To Solve Case Against Alex Mashinsky
  • Alphapo payment system hack valued at over $60M – ZachXBT
  • Avalanche Foundation allocates $50 million investment to purchase asset tokens on the network
  • Era Lend on zkSync used for $3.4 million replay attack
  • Abu Dhabi Regulator Grants Trading Firm Rain Permission to Offer Cryptocurrency Services
  • Flashbots Becomes a Unicorn in a $60M Round
  • FOMC Preview: What Bitcoin and Crypto Traders Should Prepare for
  • Game Developer Solana Automata Announces Massive Layoffs
  • Is Cardano TVL a Critical Factor for Reviving ADA Prices?
  • Elon Musk: X will cover half of the global financial system
  • Cryptocurrency-friendly Robinhood moves closer to UK with local CEO appointed
  • Ducati to launch NFT in partnership with XRP Ledger
  • Media: auditors did not find anything suspicious in the scandalous deal with FTX Europe
  • Elon Musk says X will offer ‘the entire financial world’ in the coming months
  • Journalists learned about the reduction of 30% of the staff of the KuCoin exchange
  • EraLend DeFi protocol hacked for $3.4 million
  • Era Land protocol lost $3.4 million in hack
  • The creator of Axie Infinity will develop a new game in collaboration with CyberKongz
  • Azimut Group refuses to pay BlackCat bitcoin ransomware
  • Media: Worldcoin fell under the sight of the UK regulator
  • Home
  • About Us
  • CCPA
  • Contact Us
  • DMCA
  • Privacy Policy
  • Terms of Use
Email: contact@cryplogger.com

© 2021-23 Cryplogger.com
CrypLogger is a cult magazine about bitcoin, blockchain technology and the digital economy. Every day we supply news and analytics on the cryptocurrency market since 2021.

No Result
View All Result
  • Home
  • Artificial Intelligence
  • Special Projects
  • News
  • Opinions

© 2021-23 Cryplogger.com
CrypLogger is a cult magazine about bitcoin, blockchain technology and the digital economy. Every day we supply news and analytics on the cryptocurrency market since 2021.

Go to mobile version