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News
BitGo has appointed Ben Reynolds, former president of Silvergate Bank, as managing director to lead its stablecoin USD Standard. Global crypto custodian firm BitGo announced Reynolds’ appointment to oversee the growth and global adoption of its recently launched USD Standard…
News
Venture Capitalist Nic Carter returns with a new article that explores at-length how the Biden administration allegedly imposed an informal mandate for banks to cap their crypto deposits at 15%, leading to the downfall of Silvergate, Signature and Silicon Valley…
News
Venture Capitalist Nic Carter updates his findings on Operation Choke Point 2.0 after Silvergate executive’s testimony that sheds light on how US financial regulators tried to crackdown on banks involved in the crypto industry, known as Operation Choke Point 2.0.…
News
The United States Securities and Exchange Commission (SEC) has sued Silvergate Capital Corporation, the firm behind the crypto-friendly Silvergate Bank. According to a July 1 filing, the commission alleges that Silvergate, along with its former CEO Alan Lane and former…
News
Silvergate, once known as a crypto-friendly bank, faces significant changes as CEO Alan Lane and two other key executives prepare to leave. Alan Lane and the firm’s chief legal officer, John Bonino, will step down on Aug. 15. Antonio Martino,…
News
Regulatory crackdown on Silvergate Capital and Silvergate Bank continues as the Federal Reserve and California's DFPI issue a cease and desist order, halting operations.
Feature
With the recent banking turmoil, ongoing recession and ‘signs of another global economic crisis,’ cryptocurrencies are – once again – emerging as an alternative way to hold one’s assets, with bitcoin being one of the most popular ones. As financial…
News
The average trading weekend volumes in the crypto market have dropped by 10%, while the weekday volumes have risen by 16%, according to Kaiko. The decline in weekend trading volumes was attributed to the closure of Silvergate Exchange Network (SEN),…
News
A court in California has consolidated three investor claims against FTX and Silvergate bank over allegations of the two firms having ties amid both of them filing for bankruptcy.
News
MicroStrategy, a business intelligence firm and major bitcoin investor, has announced that it has repaid its Silvergate loan of $205 million at a 22% discount. Michael Saylor, MicroStrategy co-founder and former CEO, announced on Twitter that the firm repaid its…
News
Kraken crypto exchange has reportedly informed its customers that as of March 27, deposits and withdrawals via ACH Silvergate and Plaid will no longer be available.
News
The collapse of Signature Bank and Silvergate Bank, two of the most crypto-friendly lenders in the U.S., has left many cryptocurrency firms in a state of uncertainty and desperation.
Follow-up
According to research from Coinbase and CES Insights, the U.S. government has taken swift steps to avert a system-wide bank run among mid-tier banks after the failure of Silicon Valley Bank (SVB) and Silvergate.
News
Marathon Digital Holdings, as per their Q4 2022 report, saw a decrease of 58% amid 2022's bear market. The firm also disclosed its ties with Silvergate bank which saw it halt their credit lines.
Markets
Reports indicate that the number of people downloading crypto applications has increased massively following the dawn of problems in the US banking system. Based on recent reports, the number of downloads for crypto apps has been surging over the past…
News
Despite the collapse of major crypto-focused banks, bitcoin has surged by 50% this year, outperforming major stock indexes and commodities.
