BLOOMBERG Bitcoin fell to a three-week low, sapped by the collapse of crypto-friendly bank Silvergate Capital Corp and the prospect of higher-than-expected central bank interest rates. The largest token fell as much as 1.9% on Thursday, dropping for a fourth session, and was trading at about $21,780 in Singapore. Smaller coins ranging from Ether and Solana to Avalanche were subdued. ...

BLOOMBERG Silvergate Capital Corp plans to wind down operations and liquidate its bank after the crypto industry’s meltdown sapped the company’s financial strength, sending shares plunging. “In light of recent industry and regulatory developments, Silvergate believes that an orderly wind down of bank operations and a voluntary liquidation of the bank is the best path forward,” the company said in ...

BLOOMBERG Southwest Airlines Co will use Amazon.com Inc servers to help process fare searches, crew scheduling and other software tasks, a modernisation of its technology that comes months after a meltdown stranded thousands of the airline’s passengers. Amazon Web Services (AWS) will become Southwest’s “preferred cloud provider,” the e-commerce giant said, calling the move a “large-scale migration” of the airline’s ...