Crypto Wallets Withdraw $902M USDC From Centralized Exchanges in Past 24 Hours Amid SVB, Silvergate Shutdowns
$11.4 billion of USDC reserves are held in the form of cash at Reserve Banks, which include the two...
Scrutiny Falls on $43B USDC Stablecoin’s Cash Reserves at Failed Silicon Valley Bank
Circle’s USDC, the second largest stablecoin with $43 billion market capitalization, held an undisclosed part of its $9.8 billion...
Silicon Valley Bank Closed
Silicon Valley Bank was shut down by the California Department of Financial Protection and Innovation.
Silvergate Bankrupt! Which Crypto Company Next?
Silvergate has officially declared bankruptcy. Industry experts predict the bankruptcy will extend to banking services such as Silicon Valley...
Silicon Walley Bank Closed
Silicon Valley Bank was shut down by the California Department of Financial Protection and Innovation.
Silicon Valley Bank Shuttered by State Regulators
Startup-focused bank had a number of crypto clients.
Signature Bank Stock Down 12% in Volatile Action as Bank Selloff Continues
The broader banking sector is down another 4% on Friday.
Banks Shouldn’t ‘Punish’ Crypto Industry, Republican Senators Urge
A crackdown on digital assets companies is reminiscent of “choke point” targeting of gun sales, Fed Governor Jerome Powell...
Bitcoin Bounces as U.S. Adds 311K Jobs in February, Beating Expectations
The unemployment rate rose to 3.6% against forecasts for it to hold steady at 3.4%.
Replacing Silvergate’s Network Is a Challenge for Crypto Industry: JPMorgan
Some of the services provided by Silvergate will migrate to other banks such as Signature Bank, Provident Bancorp, Metropolitan...
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...