Coinbase, a digital currency exchange, reached a $100-million settlement with the New York State Department of Financial Services over its AML compliance practices. Of those funds, $50 million will be a penalty and the remaining $50 million will be spent on compliance. The company also announced it would lay off approximately 20% of its workforce. Silvergate Capital, which purchased the assets of Facebook’s Diem digital currency product in January 2022, will lay off employees and take an impairment charge of $196 million. The decision “...reflects the Company’s belief that the launch ...