In a significant development for the crypto industry, Silvergate Bank, known for its crypto-friendly approach, has agreed to file a self-liquidation plan with California financial
Category: Silvergate Bank
Crypto Bank Silvergate To Begin Self-liquidation After Fed Approval
Ashish believes in Decentralisation and has a keen interest in evolving Blockchain technology, Cryptocurrency ecosystem, and NFTs. He aims to create awareness around the growing
Binance Commingled User Funds Daily In Silvergate Bank Accounts: Reuters
The world’s largest crypto exchange Binance commingled billions in user funds with its revenue in 2020 and 2021, three sources familiar with the matter. The
Data Shows More US Bank Failures Ahead, Who Will SEC Blame Now?
The year 2023 started with U.S. banking regulators the OCC, the Federal Reserve Board, and the FDIC joint statement highlighting risks posed by crypto to
US Failed At Regulating Crypto, Says Chinese Central Bank Ahead Of Elon Musk’s China Visit
Chinese central bank People’s Bank of China (PBOC) official on Friday said the U.S. has failed at regulating crypto, causing the banking crisis impacting the
Swiss Banks See Massive Influx on Inquiries from Crypto Firms
Two of the biggest crypto-friendly banks were shut down earlier this month in the US – Silvergate Capital and Signature Bank. As the US regulators
Crypto Not A Scrapegoat For Regulators-Led Banking Crisis
Operation Choke Point 2.0 — the Biden Administration’s highly coordinated plan with regulators to strangle the crypto industry by cutting ties with the banking sector
Bitcoin, Ethereum Fall As First Republic Bank Crashes 70%
First Republic Bank, another bank insured by the U.S. Federal Deposit Insurance Corporation (FDIC), plunges 70% in pre-market trading hours on Monday. Last week, shares
Bitcoin And Crypto Register Massive Gains Despite Banking Crisis
Last week has been dramatic on Wall Street and the crypto sector as two crypto-friendly banks – Silvergate and Signature – announced shutting down their
Signature Bank Announces Shutdown In Another Blow to Crypto
In another major blow to the crypto industry, regulators announced the shutdown of yet another crypto-friendly bank aka Signature Bank. The collapse of Silicon Valley