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Fed hits Texas bank with cease and desist over servicing crypto firms

[Sep 5 4:16 AM] The US Federal Reserve said it identified “significant deficiencies” in the bank’s dealings with crypto clients and its risk management procedures.

Swiss Crypto Bank Sygnum Achieves Profitability Amid Rapid Growth

[Jul 25 12:54 AM] Swiss-based crypto bank Sygnum has achieved profitability in the first half of 2024, marking a significant milestone in the digital asset industry. The bank’s success is attributed to robust growth across its core business segments, including…

Swiss Crypto Bank Amina Partners Pyth Network to Provide Accurate Price Feeds

[Jul 9 2:30 AM] Swiss crypto bank Amina Bank has partnered with Pyth Network to provide more accurate price feeds for users. This collaboration brings Amina Bank closer to its goal of enhancing the user experience and accessibility of Web3 applications. The…

Why This Bank CEO Wants 99% Of The Crypto Industry Gone

[Sep 23, 2023 10:00 AM] In a bold and contentious statement, Caitlin Long has asserted that 99% of the crypto industry should be eliminated to decrease leverage buildup and improve the industry’s future advancement. Industry Overhaul Demanded For Sustainability Caitlin…

Hong Kong Regulator Says Crypto Firms Claiming to Be Banks Are in Contravention of Banking Ordinance

[Sep 21, 2023 12:30 AM] The Hong Kong Monetary Authority said on Sept. 10 that crypto firms presenting themselves as banks are in contravention of the region’s Banking Ordinance. The HKMA argued such descriptions “may mislead members of the public into…

SEBA Bank secures in-principle nod for crypto services in Hong Kong

[Aug 29, 2023 7:00 PM] SEBA Hong Kong’s approval joins a flurry of regulated crypto activity that’s taken place over the past month.

Executives Of Crypto-Friendly Bank Silvergate Step Down As Lawsuits, Liquidation Rages On

[Aug 16, 2023 11:00 AM] In a recent turn of events, multiple executives of the embattled California-based cryptocurrency bank Silvergate Capital have announced that they will be stepping away from their roles at the bank. The announcement comes as the bank remains deep in…

San Francisco’s SoFi Bank Reveals Significant Holdings In BTC, ETH, And DOGE

[Aug 11, 2023 8:00 AM] San Francisco’s SoFi Bank, a rising financial institution with 6.2 million customers, has unveiled its substantial cryptocurrency holdings, demonstrating a proactive embrace of the evolving digital asset landscape.  BTC, ETH, and DOGE Lead the Way…

Cameron Winklevoss claims regulatory double standards over banking crisis

[Apr 26, 2023 11:43 PM] The CEO of Gemini says things would’ve been handled differently if First Republic was a "crypto" bank.

Multiple Silvergate lawsuits over alleged FTX ties combined by judge

[Apr 19, 2023 10:06 PM] Plaintiffs seeking damages from Silvergate’s collapse have joined forces via their respective lawsuits.

Swiss State-Owned Banking Giant Postfinance to Offer Crypto Services

[Apr 7, 2023 5:30 AM] Postfinance, one of Switzerland’s largest retail banks, will offer customers access to major cryptocurrencies and related services. The state-owned financial institution will be using the banking platform developed by the Swiss-licensed digital…

Coinbase, Celsius and Paxos disclose funds in Signature Bank

[Mar 12, 2023 11:34 PM] The crypto-friendly Signature Bank was a key partner for many crypto firms, some which have been voluntarily disclosing their exposure to the recently closed firm.

US bank woes? Silicon Valley Bank stocks plunge 1 day after Silvergate downfall

[Mar 9, 2023 8:40 PM] Concerns have been raised around the financial health of the tech-focused bank, which services the likes of crypto-friendly VCs such as Sequoia and a16z.

Silvergate downfall sparks debate over whose fault it actually was

[Mar 9, 2023 12:00 AM] The demise of the crypto-friendly bank has prompted discussion about who tipped the first domino, and where crypto firms can turn for their banking needs.

White House 'aware of the situation’ at Silvergate, says spokeswoman

[Mar 6, 2023 8:22 PM] The spokeswoman said that she won’t be commenting specifically on Silvergate, but the White House will be actively monitoring the situation.

MicroStrategy, Tether adds to firms distancing from Silvergate as stock dives 57%

[Mar 2, 2023 8:08 PM] MicroStrategy confirmed that none of its 130,000 BTC is custodied by Silvergate. However, the firm does have a loan to pay off to the bank by Q1 2025.

Silvergate stock plunges 31% after delayed filing raises doubts over future

[Mar 1, 2023 5:12 PM] Crypto-friendly bank Silvergate has delayed its 10-K filing, which reveals the financial health of the company. The news has sent its stock price down 31%.

US Federal Reserve denies Custodia Bank's request for Fed supervision

[Feb 23, 2023 5:10 PM] The Federal Reserve Board has denied the request from crypto-focused Custodia Bank to reconsider its membership to the Federal Reserve System.

Silvergate Capital Incurs Loss of $1 Billion in Q4 of 2022

[Jan 20, 2023 3:30 AM] Silvergate Capital Corporation, the parent firm of the crypto-focused bank Silvergate Bank, has attributed the $1 billion loss it incurred in the fourth quarter of 2022 to the confidence crisis that permeates the entire crypto ecosystem. While…

Approach with caution: US banking regulator’s crypto warning

[Dec 8, 2022 11:23 PM] The Office of the Comptroller of the Currency (OCC) said the digital asset industry was maturing but was “not yet robust” in its risk management.

Silvergate denies recent FUD, confirms minimal exposure to BlockFi

[Nov 28, 2022 10:33 PM] Silvergate Capital has been quick to distance itself from the now-bankrupt crypto lender BlockFi.