Silicon Valley Bank Rocks Crypto and Equity Markets Ahead of Nonfarm Payrolls
Silicon Valley Bank, another crypto-friendly bank, comes under pressure. The bank is generally regarded as one of the default...
Bitcoin Dips Below $21K to Reach Lowest Level In 7 Weeks as Silvergate Bank Shutdown Shakes Investors
Bitcoin, ether and other major cryptocurrencies declined as the crypto-focused lender’s crisis continued to unfold.
SWIFT to Start Phase Two Pilot After Finding ‘Value’ in CBDC
The banking network will now look at applications like securities settlement and trade finance
Crypto Bank Ends Silvergate Operations
Parent company Silvergate Capital has announced that it will end operations of crypto-focused banking service Silvergate.
Crypto Stakeholders Say No Exposure to Shuttered Silvergate
Binance, Coinbase, OKX, and Paxos have all released statements regarding their exposure to Silvergate.
Crypto Bank Silvergate Announces ‘Voluntary Liquidation’
The bank revealed last Wednesday it would have to delay filing its annual 10-K report due to questions from...
Silvergate’s Collapse May Spell Regulatory Trouble for Crypto
Silvergate’s woes are an ill omen for the broader crypto industry.
Signature Bank, Stablecoins Might Benefit From Silvergate Exchange Network’s Demise
The bank’s exchange network, SEN, had a simple premise and played a crucial role from its inception in 2018...
Federal Reserve’s Powell: We Don’t Want to Strangle Crypto Innovation, But Sector Is a Mess
The Federal chairman said the regulator is sticking to its warnings that banks should be “quite cautious” about getting...
Grayscale Statement from the White House Spokesperson
A White House spokesperson said they are aware of the Grayscale situation and liken it to other crypto institutions...
U.S. Banking Watchdog: You Can’t Trust Crypto Firms Until They Get Federal Oversight
The chief of the Office of the Comptroller of the Currency equated the FTX collapse with a well-known 1990s...
White House Is ‘Aware of’ Silvergate Situation, Spokesperson Says
Press Secretary Karine Jean-Pierre said the administration is watching Silvergate's situation and likened it to other crypto companies that...
BIS Develops CBDC
The increasing prevalence of cryptocurrencies has led governments to take steps in this regard.
BCB Group Takes Action to Close the Silvergate Gap
Oliver von Landsberg-Sadie, CEO of crypto banking firm BCB Group, stated that the dollar-to-crypto system BLINC could go live...
Announced: That Cryptocurrency Platform Is Shutting Down!
Silvergate Bank has discontinued its SEN platform, which institutions use to move money to cryptocurrency exchanges.
The Rise and Fall of Silvergate’s Crypto Business
The bank’s own data shows the rapid acceleration of its novel crypto-banking business and how leaning into digital assets...