1 / 3 Relevant items tagged with #Silvergate

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Former Silvergate Bank CTO and Trump’s ‘Crypto Czar’ David Sacks Speak Out on Operation Choke Point 

[Dec 7 9:10 PM] Operation Choke Point 2.0, a campaign of regulatory pressure against cryptocurrency firms, has sparked a fresh wave of criticism from notable industry figures, including former Silvergate Bank Chief Technology Officer Chris Lane and entrepreneur…

Silvergate Capital files for Chapter 11 bankruptcy in Delaware

[Sep 18 5:45 PM] The parent company of Silvergate Bank has listed assets ranging from $100 million to $500 million and liabilities between $10 million and $50 million.

Federal Reserve Board drops enforcement action against Silvergate

[Jul 26 11:01 AM] Silvergate Bank, a former crypto-friendly bank, collapsed in March 2023 due to the fallout created by the implosion of the FTX exchange.

SEC, Fed Charge Silvergate for Misleading Investors, Failing to Monitor $1 Trillion in Transactions

[Jul 2 6:36 PM] The U.S. Securities and Exchange Commission (SEC), the Federal Reserve Board (FRB), and the California Department of Financial Protection and Innovation (DFPI) have taken action against Silvergate Capital Corp., the holding company for Silvergate…

SEC files lawsuit against FTX-linked bank, alleging fraud

[Jul 1 3:34 PM] Enforcement director Gurbir Grewal said Silvergate allegedly “failed to detect nearly $9 billion in suspicious transfers among FTX and its related entities.”

BTC bull market began in March, more will realize in a year — Arthur Hayes

[Sep 5, 2023 2:04 AM] The BitMEX co-founder says Bitcoin has been on a bull run since the Fed’s $25 billion dollar program aimed at stabilizing the U.S. banking system.

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…

Silvergate CEO to depart amid ongoing liquidation and investor suits

[Aug 15, 2023 6:45 PM] Silvergate is losing its CEO Alan Lane and two other top executives as part of an ongoing wind-down of the once crypto-friendly bank.

Binance sold USDC for BTC and ETH after Silvergate Bank collapse: PoR report

[Aug 8, 2023 3:04 AM] Binance’s depleting USDC reserves has become a hot topic in the crypto ecosystem, especially after Coinbase CEO’s quip during the company’s Q2 earning call.

Fed board issues order to Silvergate Bank as part of self-liquidation plan

[Jun 1, 2023 3:00 PM] Silvergate Capital Corporation and its crypto-friendly bank will have 10 days to submit a self-liquidation plan in compliance with California and federal requirements.

Fed, NYDFS assess their supervisory performance after March’s big bank failures

[Apr 28, 2023 3:39 PM] Internal reviews of the supervision of Silicon Valley Bank and Signature Bank have been released, showing weaknesses on the part of the banks’ regulators as well as management.

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.

Blockchain Association files further FOIA requests over banking closures

[Apr 16, 2023 10:41 PM] The crypto advocacy group wants clarity on recent regulatory action against digital asset-friendly banks.

Binance.US unable to find bank partners in the United States: Report

[Apr 8, 2023 10:18 AM] The United States arm of global crypto exchange Binance has been facing challenges in establishing a new bank partner.

Tether supply hits $80B for the first time since May 2022 — Stablecoin rivals stumble

[Apr 6, 2023 9:28 AM] The supply of USDT across cryptocurrency exchanges has dropped 28% in 2023, hinting at an overall decline in demand for stablecoins.

Tether 'unequivocally reiterates' no exposure to Signature Bank

[Apr 5, 2023 7:15 AM] The stablecoin provider denied the allegations that began to surface in regard to its exposure to the now-collapsed Signature Bank.

How the Federal Reserve Is Now Competing With Banks for Deposits: Enter the Reverse Repo Facility

[Apr 4, 2023 3:30 AM] The U.S. Federal Reserve could be competing with commercial banks due to a facility called the “overnight reverse repurchase agreement facility,” which has currently drawn in more than $2 trillion in deposits. According to analysts…

Stablecoins are solution to crypto’s banking problem, exec says

[Mar 29, 2023 6:30 AM] Stablecoins are seen as a potential solution to crypto’s banking problem, but some of them are currently not immune to banking issues.

Michael Saylor’s MicroStrategy repays Silvergate loan and buys 6.5K BTC

[Mar 27, 2023 6:32 AM] MicroStrategy has increased its total Bitcoin holdings to 138,955 BTC, purchased for $4.1 billion at an average of $29,817 per coin.

MicroStrategy Pays Off Silvergate Loan, Buys More Bitcoin

[Mar 27, 2023 6:25 AM] The company in March 2022 had borrowed $205 million from Silvergate Bank.

Bitcoin Will Be Stronger Despite Attacks From the US, Says HRF’s Executive

[Mar 24, 2023 7:40 AM] Alex Gladstein, the Chief Strategy Officer (CSO) of the Human Rights Foundation (HRF), believes Bitcoin will emerge stronger than ever despite “attacks” from the United States government. Bitcoin Will Survive Attacks In a tweet on March…

Kraken to suspend Plaid withdrawals and deposits via ACH Silvergate

[Mar 23, 2023 4:15 AM] Joined the Silvergate Exchange Network back in 2019, Kraken is now looking for new ACH funding options.

Kraken to Suspend ACH Deposits and Withdrawals Following Silvergate Shutdown

[Mar 22, 2023 3:11 PM] The exchange says no other services will be affected by this change.

Yellen defends government intervention to avoid another SVB

[Mar 21, 2023 7:33 AM] The Treasury Secretary of the U.S. Janet Yellen said the federal government will intervene if it is necessary to protect other small lenders.

US exploring ways to guarantee the country’s 18T of bank deposits: Report

[Mar 20, 2023 11:57 PM] The current deposit insurance cap under the FDIC is $250,000, but recent banking collapses have seen calls to increase that amount.

Bitcoin market cap grows 60% in 2023 as top Wall Street banks lose $100B

[Mar 18, 2023 2:05 AM] Bitcoin has decoupled from stocks and continues to rise 10 years after the Cyprus banking crisis coincided with a BTC price boom.

Banking crisis: What does it mean for crypto?

[Mar 17, 2023 11:00 AM] Cointelegraph breaks down the main events that led to the collapse of Silvergate, SVB and Signature Bank and explains what this all could mean for crypto.

SVB Collapse Shows the Rot in U.S. Banking and Dollars

[Mar 17, 2023 9:15 AM]

US credit crunch means it’s time to buy gold and Bitcoin: Novogratz

[Mar 15, 2023 10:26 PM] The Galaxy Digital CEO predicts tough times ahead for the United States economy but continues to be bullish on crypto.

Credit Suisse Shares Drop Nearly 25%, Is Bitcoin Gearing For Another Rally?

[Mar 15, 2023 2:00 PM] As the global bank crisis spreads, Credit Suisse Group AG, a Switzerland-based global investment bank and financial services firm, seems to have been caught in the contagion, which could lead to more gains for Bitcoin and the crypto market. The…