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US SILVERGATE
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...
- The 11 days of turmoil that brought down four banks and left a fifth teeteringSilvergate Capital Corp. was the first US bank to collapse, done in by its exposure to the crypto industry’s meltdown. With Silvergate’s ob...
- Crypto exchange Huobi says withdrew funds from failed US banksFunds that had been placed with Signature were also withdrawn and sent to other financial institutions, the spokesperson added.
- How is the Fed maneuvering the second largest banking failure in the USUS lenders were recently sent into a tailspin after SVB Financial Group, which specialises in venture-capital financing, announced a stock ...
- Crypto firm Circle reveals $3.3 billion exposure to Silicon Valley BankThe stablecoin company's announcement comes after startup-focused SVB collapsed on Friday in the largest bank failure since the 2008 financ...
- Crypto firm Circle reveals $3.3 bln exposure to Silicon Valley BankTraders have been on guard this week for signs of contagion in the financial sector and beyond from troubles for SVB and crypto-focused Sil...
- 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 ...
- 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...
- 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,...
- MicroStrategy scotches 'margin call' fears, says can withstand volatilityMicroStrategy, an aggressive investor in the highly volatile cryptocurrency bitcoin, borrowed $205 million from crypto bank Silvergate Capi...
- Facebook's cryptocurrency venture to wind down and sell tech assetsMeta, formerly Facebook Inc, first unveiled plans for Diem, known as Libra earlier, in June 2019, as part of an effort to expand beyond soc...
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