Canaccord Genuity raises its Strategy target price to $179

Former CEO of Silvergate, Alan Lane, stated that Silvergate handled customer withdrawals equivalent to 70% of current deposits in the fourth quarter of 2022 and maintained solvency at all times. The Biden administration and multiple federal agencies have launched an investigation into Silvergate and implemented regulatory policies to restrict banks from providing services to the cryptocurrency industry. Silvergate announced an orderly liquidation and cessation of operations on March 8, 2023, not due to insolvency or liquidity depletion.

The Italian central bank requires sanctions compliance checks for all cryptocurrency transfers.

Exporters can use overseas earnings to fund imports directly, bypassing the official foreign-exchange system, the FT reported.

Block is applying for a National Trust Bank license and seeking OCC approval to host BTC and stablecoins, joining the ranks of Coinbase, Ripple, and Circle.

The US Central Command stated that the statement by the Iranian Islamic Revolutionary Guard Corps regarding the attack on two US Navy destroyers is incorrect, and no US Navy warships have been attacked. The US military has destroyed 10 Iranian oil tankers in the past week, which belong to a shadow network worth billions of dollars.