<p><img src="https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjMtMDEvNzA0NDBiZWItZjdhYy00NjM1LTg4NTEtMWM5MWRmMWMzY2JkLmpwZw==.jpg"></p><p>Silvergate has reportedly laid off 200 members of its staff, which is around 40% of its total number of employees. </p>