Cryptoverse: Buoyant bitcoin's losing its liquidityThe price of the No.1 cryptocurrency has jumped 40% to around $27,700 since March 10, when the failure of Silicon Valley Bank (SVB) careere...
28 Mar, 2023, 10.49 AM IST
Billions worth of crypto trades at risk as bank shutdowns take tollThe network’s presence helped fuel the institutional adoption boom that made the most recent crypto bull market possible. Its shutdown thre...
13 Mar, 2023, 09.21 AM IST
Opinion: SVB collapse shows the fickleness of crypto moneyYale School of Management finance professor Gary Gorton and Federal Reserve attorney Jeffery Zhang have highlighted this regulatory vacuum,...
13 Mar, 2023, 09.08 AM IST
SVB collapse shows fickleness of crypto moneyTurning a popular aphorism on its head was a ploy by the professors to enliven a technical discussion. “Evil is a strong word,” they wrote....
13 Mar, 2023, 08.19 AM IST
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,...
09 Mar, 2023, 12.59 PM IST
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 ...
09 Mar, 2023, 08.02 AM IST
Silvergate's deepening crisis jolts crypto stocksSeveral crypto stocks also closed in negative territory. Crypto lending peer Signature Bank was down 2.5%.
07 Mar, 2023, 10.25 AM IST
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...
04 Mar, 2023, 09.23 AM IST
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...
04 Mar, 2023, 06.44 AM IST
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...
03 Mar, 2023, 08.16 AM IST
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...
17 Feb, 2023, 09.19 AM IST
Binance says Signature Bank has set transaction floor amid pullbackNo other banking partners are impacted, a Binance spokesperson said. SWIFT is a network used by financial institutions to transmit informat...
22 Jan, 2023, 11.56 PM IST
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 ...
06 Jan, 2023, 09.06 AM IST
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,...
05 Jan, 2023, 10.53 PM IST
Crypto collapse opens 1,350% gap between stocks, price targetsShares of crypto exchange Coinbase Global Inc. would need to rally a staggering 782% from their current level in order to reach their avera...
23 Nov, 2022, 04.47 PM IST
No let up in crypto slide as Celsius halt leaves investors 'panicking'The world's largest cryptocurrency, Bitcoin, is down over 50% year to date and 28% since Friday.
14 Jun, 2022, 10.29 AM IST
A glimpse under the hood of El Salvador's bitcoin experimentPresident Nayib Bukele said bitcoin will be optional in the poor, dollarized country but that using it will eliminate commissions Salvadora...
08 Sep, 2021, 11.33 AM IST