
Silvergate News
Latest Silvergate News

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.

News
Following the Silicon Valley Bank collapse, US President Joe Biden sought to portray calm on March 13 by assuring US citizens that the country’s financial and banking systems are secure. In a move that has sent shockwaves throughout the banking...

News
Circle has partnered with Cross River as regulators shut down Silicon Valley Bank and Signature. The partnership ensures that USDC maintains its 1:1 peg to the US dollar. Circle, one of the largest stablecoin issuers in the crypto ecosphere, announced...

News
BTC, seems to be recovering amid US regulators' latest moves on the SVB/Silicon matter. Both the Federal Reserve and the TDIC have jumped in to protect the two bank's customers as well as Signature's.

News
Silvergate and Silicon Valley Bank implosions forced the crypto market lower as regulators in the U.S. press on

News
NvirWorld's INNODEX might offer a solution amid failure of Silvergate, Silicon Valley Bank, and FTX

Opinion
Niche banks continue to fall apart. The Silvergate failure is being followed by Silicon Valley Bank (SVB), which collapsed on March 10.

News
Binance, is still dominating in shares despite the recent market events that saw recent plunges. This comes as Silvergate and Coinbase both recorded drops in stock valuations.

News
Cryptocurrency prices are falling and there may be problems with market liquidity, especially for tech companies, and risk assets.

News
Binance, Coinbase, and OKX have declared that they have no investment exposure to the embattled Silvergate Capital. The crypto-friendly lender has announced its winding down operations.

News
The recent demise on silvergate has caused an uproar on social media as each party tries to give their opinion on the demise's cause. Both the crypto community and government executives have commented.

News
Marathon Digital in a recent announcement clarified that it had repaid back its loans to Silvergate and terminated its credit facilities. Marathon claims this is part of their new financial strategy.

News
Amid the crisis surrounding Silvergate, the parent company of Silvergate Bank, Silvergate Capital Corporation, has revealed plans to shut down operations and “voluntarily liquidate” the bank. The crypto-friendly bank earlier ended its crypto payments network. In a press release on...

Markets
Silvergate Capital shares have gone down 43.8% in after-hours trading. The company is in the process of liquidation and winding down its operations. Silvergate had almost a billion-dollar loss when FTX, its primary customer, collapsed in late 2022. The exchange...

News
Silvergate Capital is reportedly holding talks with the US Federal Deposit Insurance Commission (FDIC) to get ideas on remaining afloat as its financial woes worsen. Silvergate Capital, one of the numerous victims of the disgraced Sam Bankman-Fried’s FTX exchange collapse,...

News
According to white's house spokesman Jean-Pierre, the Biden administration is keeping an eye on developments surrounding Silvergate as Biden stays vigilant on the dangers of crypto.

Markets
Crypto bank Silvergate may halt operations after it issued a warning last week stating it could be short of capital.