Crypto Report: Silvergate Bank

Crypto Report: Silvergate Bank

Assessment

Interactive Video

Business, Information Technology (IT), Architecture

University

Hard

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The video discusses Silvergate's involvement in the cryptocurrency ecosystem, focusing on their role in Bitcoin banking since 2014. It explains how they manage Bitcoin lending, addressing the challenges of volatility by using over-collateralization. The Send Leverage product is introduced, highlighting its 24/7 access to fiat banking for digital currencies. The video also covers Silvergate's acquisition of DM protocol assets and their plans to issue a stablecoin for commerce and remittance, differentiating it from existing stablecoins used primarily for trading.

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5 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What has been Silvergate's involvement in the cryptocurrency ecosystem since 2014?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

How does Silvergate manage the volatility of Bitcoin when lending against it?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the Silvergate Exchange Network and how does it benefit the digital currency industry?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

What are the key features of a stable coin compared to Bitcoin?

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the purpose of the DM protocol and how does it relate to Silvergate's future plans?

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