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SILVERGATE BANK
Silvergate Capital fully repays deposit liabilities"Silvergate continues to focus on implementing the Bank Liquidation," it said in a statement on Wednesday.
Exclusive-Crypto giant Binance controlled 'independent' U.S. affiliate's bank accountsSenior Binance management controlled five bank accounts belonging to its US affiliate, Binance.US. According to bank records from 2019 and ...
Crypto giant Binance controlled 'independent' US affiliate's bank accountsUS lender Silvergate Bank authorized the executive, Guangying Chen, a close associate of Binance CEO Changpeng Zhao, to operate the account...
Crypto giant Binance commingled customer funds and company revenue, former insiders sayOne of the sources, a person with direct knowledge of Binance's group finances, said the sums ran into billions of dollars and commingling ...
Banks warier of serving crypto clients after blowups, regulatory scrutinyCross River Bank, for example, received requests from more than 100 new clients not all of whom were crypto companies seeking a safe harbor...
How would the collapse of 3 major banks in US impact crypto market?Given that SVB is a publicly-listed company, this sale spooked investors. The share price dropped by more than 65% in two days. That create...
Crypto exchange Huobi says withdrew funds from failed US banksFunds that had been placed with Signature were also withdrawn and sent to other financial institutions, the spokesperson added.
7 points: What caused the sinking of Signature Bank?Signature Bank had total assets of about $110.36 billion and total deposits of roughly $88.59 billion as of December 31. While a run on the...
Crypto stocks slide after Silvergate decides to shut downSilvergate's latest move only highlights high-profile collapses among crypto market players since last year. Shorting in shares of Silverga...
Bitcoin steadies near lows hit after fall of SilvergateSilvergate Capital Corp said on Wednesday it planned to close and voluntarily liquidate, after warning last week that it was evaluating its...
Crypto-focused bank Silvergate plans to shut down following blow from FTXThe decision to shutter the bank comes after the company warned last week that it was evaluating its ability to operate as a going concern,...
Silvergate short bets amass $780 million payday as crypto bank sinksWagers against the stock surged in recent months as crypto contagion spread across the market and setbacks for the bank accumulated. About ...
Silvergate's deepening crisis jolts crypto stocksSeveral crypto stocks also closed in negative territory. Crypto lending peer Signature Bank was down 2.5%.
Silvergate suspends crypto payments network; shares fall after-hoursSilvergate shares on Friday slumped more than 2% in after-hours trading, after closing up 0.9% at $5.77 in regular trade. The shares on Thu...
Bitcoin sinks to two-week low as Silvergate fallout hurts cryptoThe largest token sank as much as 6% before paring some of the slide to trade 4.4% lower at $22,380 as of 8:30 a.m. Friday in London. Small...
Coinbase, Galaxy, Paxos stop accepting transfers via Silvergate NetworkThe exodus threatens Silvergate’s SEN network, the bank’s key source of deposits and a platform for crypto participants to transfer money a...
Crypto giant Binance moved $400 million from US partner to firm managed by CEO ZhaoThe Binance.US account was registered under the name of BAM Trading, the U.S. exchange's operating company, according to the records. Compa...
Moody's downgrades Silvergate Bank's long-term deposit ratingSeveral brokerages downgraded or cut their price targets on the bank's stock after a preliminary earnings report in which crypto-focused Si...
Crypto firms off to rocky start in 2023 with outflows, layoffs and a lawsuitThe fallout from the collapse of crypto exchange FTX and criminal charges leveled against its founder Sam Bankman-Fried weighed heavily on ...
Silvergate’s ‘worst-case scenario’ fuels wider concern on CryptoThe stunning collapse of Sam Bankman-Fried’s FTX crypto empire, followed by his arrest in the Bahamas and extradition to the US last month,...