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...
Big Claim for This Altcoin: Used Fake Accounts!
According to the Wall Street Journal, this altcoin project has used bank accounts opened with fake documents in the...
Stablecoin Issuer Tether Used Bank Accounts Opened With Falsified Documents in Past: WSJ
Tether, the company behind the world's largest stablecoin, accessed bank accounts by way of falsified documents and intermediaries, a...
Xapo Bank Integrates Bitcoin’s Lightning Network, Partners with Lightspark
Crypto pioneer Xapo has quietly assembled interest bearing, deposit-guaranteed USD bank accounts with a view to providing alternative financial...
Australia Rolls Up Its Arms to Launch CBDC
The Reserve Bank of Australia will begin its pilot program for a central bank digital currency (CBDC) in the...
Digital Bank Nubank Launches Cryptocurrency
Digital bank Nubank has launched Nucoin, which it developed on the Polygon (MATIC) network and consists of a supply...
Australia’s Central Bank Taps Mastercard and Others to Test CBDC Use Cases
The projects will take part in the country’s central bank digital currency pilot, expected to wrap later this year.