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Biden admin deliberately killed off Silvergate to ‘decapitate’ crypto — Nic Carter

[Sep 26 5:03 AM] The now-bankrupt Silvergate Bank was forced to cap its crypto deposits at 15% under threat of being shut down by US regulators, claims Castle Island Ventures partner Nic Carter.

Crypto-Friendly Silvergate Bank Pays $63M to Settle Charges With SEC, Fed, California Regulator

[Jul 1 2:03 PM] The U.S. Securities and Exchange Commission filed a complaint against Silvergate Bank's parent entity and its former executives on Monday.

An In-Depth Look Into the 2023 Banking Crisis — 3 of the Largest Bank Failures in US History

[Dec 28, 2023 12:30 AM] The U.S. economy experienced an interesting year in 2023, marked by unprecedented upheaval within the American banking sector due to the combined collapse of three major banks, the largest the nation has historically seen. Amidst this chaos, crypto…

Fed inspector blames crypto focus, nepotism for Silvergate Bank collapse

[Oct 2, 2023 11:41 PM] An investigation into Silvergate Bank found that its collapse was brought about by a dependency on crypto deposits and “ineffective” senior management.

Fed Report: Silvergate Bank Got Fatally Ensnared in Crypto While Examiners Shrugged

[Oct 2, 2023 12:40 PM] Silvergate Bank transformed from a community lender to a high-flying crypto bank without its Federal Reserve examiners raising an alarm, according to a report from the Federal Reserve’s Office of Inspector General (OIG), allowing the bank to take…

Tether adds Bahamas-based private bank Britannia as partner: Report

[Aug 29, 2023 4:56 PM] Tether’s reported new partnership with Britannia Bank makes it the third Bahamas-based bank to join forces with the stablecoin issuer.

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…

Warren’s alleged work with short-seller shows anti-crypto army heating up

[Jun 3, 2023 3:49 PM] Elizabeth Warren reportedly took advice from Wall Street short-seller Marc Cohodes, who cashed in on the collapse of Silvergate and Signature banks.

Stablecoins are a critical countermeasure to Operation Chokepoint

[Jun 2, 2023 11:24 AM] Stablecoins could help crypto firms to remove themselves from the banking system — and prevent the U.S. government from cutting off their financial lifelines.

Silvergate Bank Faces Regulatory Deadline for Self-Liquidation Plan

[Jun 2, 2023 8:30 AM] In a recent press release from the U.S. Federal Reserve Board of Governors, it was disclosed that Silvergate Bank has been given a ten-day deadline to submit a plan outlining its self-liquidation procedure and the systematic cessation of…

Silvergate begins NYSE delisting process as it readies to cut 230 staff

[May 11, 2023 7:32 PM] The parent company of the defunct Silvergate Bank disclosed significant staff cuts and the delisting of its securities in an SEC filing.

JPMorgan Chase Assumes Control of First Republic Bank Following Seizure by California Regulators

[May 1, 2023 6:35 AM] On May 1, 2023, the California Department of Financial Protection and Innovation (DFPI) seized First Republic Bank, placing it into Federal Deposit Insurance Corporation (FDIC) receivership. According to reports, this move came after the…

Blackrock CEO Expects Inflation to Persist, but No Major US Recession in 2023

[Apr 15, 2023 1:30 PM] Blackrock’s CEO, Larry Fink, stated in an interview on Friday that he does not anticipate a “big recession” in the United States. However, he believes that “inflation is going to be stickier for longer.” In contrast to the U.S…

US Bank Lending Drops by Record $105 Billion in Two Weeks, Trillions Moving to Money Market Accounts, Elon Musk Warns ‘Trend Will Accelerate’

[Apr 9, 2023 9:30 AM] The banking industry in the United States is still struggling after the collapse of three major banks. According to statistics, bank lending in the U.S. has dropped by close to $105 billion in the last two weeks of March, which is the largest…

Elizabeth Warren Explains Her ‘Anti-Crypto Army’ Stance; Waves of Democrats Oppose Her Bitcoin Criticism

[Apr 3, 2023 8:30 AM] Elizabeth Warren, the Democratic senator from Massachusetts, has recently launched a political campaign against cryptocurrencies as she seeks a third term in office in 2024. In a recent interview on “Meet the Press Reports” with…

While Biden and Trump Blame Each Other for Bank Failures, Others Believe the Cause Might Be a Management Issue

[Mar 30, 2023 4:30 AM] The recent banking failures involving the fall of Silicon Valley Bank (SVB), Signature Bank, and Silvergate Bank, have high-profile government individuals trying to find a culprit. U.S. President Joe Biden and former President Donald Trump have…

Senate Banking Committee Holds Hearing on Recent Bank Collapses, Calls for Tougher Regulations

[Mar 29, 2023 2:00 PM] On Tuesday, the U.S. Senate Committee on Banking, Housing, and Urban Affairs, also known as the Senate Banking Committee, held a hearing to discuss the recent bank collapses in the United States and the regulatory response. Throughout the…

The Short-Sightedness of Run-Amok Regulators

[Mar 29, 2023 10:44 AM] Ric Edelman, founder of the Digital Assets Council of Financial Professionals, talks about a key reason why crypto’s future looks bleaker: an apparent effort to cut it off from U.S. banks.

U.S. Bank Regulators Investigating Leaders of the Failed Tech Banks

[Mar 27, 2023 12:46 PM] The Federal Deposit Insurance Corp. is investigating the actions of the leaders of Signature Bank and Silicon Valley Bank to hold them accountable for their collapses, said Chairman Martin Gruenberg, who detailed their mismanagement and dangerous…

A Look at the Fed’s Recent Custodia Bank Denial and the Central Bank’s Push Back Against Narrow Banking

[Mar 26, 2023 10:30 PM] Over the past century, the number of American banks has significantly decreased, dropping from 30,000 banks in 1921 to 4,997 U.S. banks in 2021, according to data from the Federal Reserve. Recently, the U.S. central bank denied Custodia Bank of…

Bank Consolidation Threatens Freedom, Makes Case for Bitcoin

[Mar 24, 2023 11:13 AM] The biggest threat from the banking crisis triggered by this month’s collapse of Silicon Valley Bank might not lie in the potential for depositors to lose their savings but in the censorship power that massive banks are now accumulating as…

Crypto Is the Solution to Bank Runs, Not the Cause

[Mar 23, 2023 6:45 AM] Self-custody, transparency and immediate settlement are just a few ways that crypto could prevent loss of funds.

Bitcoin Emerges as Safe Haven as Traditional Finance Faces Turmoil

[Mar 22, 2023 11:40 AM] Conflicting data creates the question of how the Fed will react to both rising inflation and failing banks - and whether bitcoin will be a lifeboat.

Looking at Some Unanswered Signature and Silvergate Bank Questions

[Mar 21, 2023 5:55 PM] It seems the crypto industry still has some questions about Signature and Silvergate’s shutdowns.

First Republic Bank’s Shares Downgraded to Junk Status by S&P Global; Stock Slides More Than 25% Lower

[Mar 20, 2023 11:30 AM] After UBS acquired Credit Suisse and close to a dozen financial institutions injected $30 billion into First Republic Bank four days ago, S&P Global downgraded First Republic’s shares to junk status on Sunday. Investors are concerned that…

No Crypto Banking Port Has Really Opened Up in This U.S. Storm

[Mar 20, 2023 8:49 AM] The biggest U.S. banks have not stepped forward to welcome homeless crypto businesses scrambling for banking services after fleeing the wreckage of Silvergate Bank, Signature Bank and Silicon Valley Bank.

Fed, central banks enhance ‘swap lines’ to combat banking crisis

[Mar 19, 2023 7:47 PM] Currency swap lines have been used during times of crisis in the past, such as the 2008 global financial crisis and the 2020 coronavirus pandemic.

Google Trends Data Reveals Searches for ‘Banking Crisis,’ ‘Bank Runs,’ Skyrocket

[Mar 19, 2023 11:30 AM] Interest in the U.S. banking crisis has risen greatly over the past two weeks, as shown by Google Trends data. There has been a sharp increase in queries related to search terms such as “banking crisis,” “bank collapse,” and…

U.S. Banking Cutoff Presents Opportunities for Crypto in Europe

[Mar 19, 2023 4:30 AM] U.S policymakers seem to be doing their best to suffocate dollar on-ramps into crypto, leaving the door open for other mature markets to gain a competitive edge.

Chair of EU Parliament’s Committee on Budgets Calls for Crypto Ban Amid Banking Turmoil

[Mar 19, 2023 1:00 AM] A European lawmaker has urged authorities to impose a ban on cryptocurrencies citing the current crisis in the banking sector as a reason. Johan Van Overtveldt, former finance minister of Belgium, believes these assets bring no economic or social…