Fed Report: Silvergate Bank Got Fatally Ensnared in Crypto While Examiners Shrugged
The Federal Reserve's inspector general studied the bank’s collapse and concluded the Fed’s examiners failed to quickly flag its...
The Federal Reserve's inspector general studied the bank’s collapse and concluded the Fed’s examiners failed to quickly flag its...
Crypto-friendly bank Silvergate has accepted the Fed's deadline to submit plans.
Silvergate Bank disclosed in a securities filing on March 1 that it had to accelerate the sale of securities...
Silvergate Bank announced a voluntary liquidation last week and Signature Bank was taken over by regulators on Sunday.
Silvergate went bankrupt. Its executives managed to time the Bitcoin bull peak pretty well. They earned $103 million...
Some of the services provided by Silvergate will migrate to other banks such as Signature Bank, Provident Bancorp, Metropolitan...
Crypto adoption by TradFi companies “got just that much harder in the last 24 hours,” said Jim Bianco, president...
Bitcoin, ether and other major cryptocurrencies declined as the crypto-focused lender’s crisis continued to unfold.
Parent company Silvergate Capital has announced that it will end operations of crypto-focused banking service Silvergate.
Binance, Coinbase, OKX, and Paxos have all released statements regarding their exposure to Silvergate.
The bank revealed last Wednesday it would have to delay filing its annual 10-K report due to questions from...
According to the report published by Bloomberg, the failed crypto bank Silvergate is exploring ways to recover with US...
FDIC examiners met with Silvergate management at its headquarters in California last week.
The bank’s exchange network, SEN, had a simple premise and played a crucial role from its inception in 2018...
Press Secretary Karine Jean-Pierre said the administration is watching Silvergate's situation and likened it to other crypto companies that...
Oliver von Landsberg-Sadie, CEO of crypto banking firm BCB Group, stated that the dollar-to-crypto system BLINC could go live...