FHLBank: Silvergate has not stopped lending
![image Coinlive](https://image.kolive.co/cryptotwits-static/7e98ef7a8b36b9e8473567f76fa74964.png)
The two companies set up a reserve agreement prior to the latter's bankruptcy.
That Silverage’s troubles are not a negative catalyst for BTC’s price “has to be seen as a positive,” one analyst says.
The probe follows an exchange of letters between Silvergate and Sen. Elizabeth Warren and her associates, who accused the bank of responding evasively.
The crypto bank said BlockFi deposits make up less than $20 million of total deposits.
Following the UST depeg, the crypto market started to crumble: crypto institutions crashed, exchanges suspended withdrawals, and lending protocols suffered ...