2023-3-22 13:39 |
The collapse of Signature Bank and Silvergate Bank, two of the most crypto-friendly lenders in the U.S., has left many cryptocurrency firms in a state of uncertainty and desperation.
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The banks that collapsed recently faced diverse challenges that affected their operations. For instance, Silvergate faced multiple regulatory actions due to its dealings with the bankrupt FTX exchange, its founder Sam Bankman-Fried and its sister company Alameda Research.
2023-3-20 15:20 | |
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The recent collapse of three high-profile banks - Silicon Valley Bank, Silvergate Bank and Signature Bank - has caused worrying outflows at hundreds of regional banks. Now, with the U.S. Federal Reserve creating a new backstop facility reportedly worth $2 trillion and Switzerland’s central bank bailing out Credit Suisse to the tune of $54 billion, the echoes of prior crisis in 2008 and 2013 are loud.
2023-3-20 21:11 | |
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The fire lit by Silvergate Bank and Silicon Valley Bank will make it harder for crypto to find financial partners.
2023-3-17 01:35 | |
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After the recent collapse of three banks – Silicon Valley Bank, Silvergate Bank and Signature Bank – many pointed fingers at crypto as the cause. But crypto may actually be the solution, not the problem.
2023-3-17 15:45 | |
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The collapse of Signature Bank, Silicon Valley Bank and Silvergate Bank has had many in the space reeling — but is the U.S. government trying to “choke off digital assets”?
2023-3-16 20:14 | |
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Clara Medalie, director of research at digital assets data provider Kaiko, says Bitcoin (BTC/USD) is currently showing the least correlation with Nasdaq. Medalie shared her market outlook during an interview with CNBC, where she highlighted Bitcoin’s latest rally in the aftermath of major shockwaves in the banking sector as crypto-friendly banks Silvergate Bank, Silicon Valley […] The post Clara Medalie: Bitcoin and Nasdaq’s correlation is at its lowest since FTX collapse appeared first on Invezz.
2023-3-17 18:53 | |
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Recent months have seen the collapse of several high-profile crypto-friendly banks, including FTX, Celsius, and Silvergate. These collapses have highlighted the challenges of regulation and compliance in the emerging crypto industry, and raised concerns about the stability and sustainability of the crypto ecosystem.
2023-3-12 18:43 | |
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For all the angst this week about how troubles in the crypto industry are fueling a banking crisis, the reality, so far, is actually something else: Of the two banks that went under, the one squarely focused on crypto – Silvergate Capital – escaped the black mark of a federal bailout.
2023-3-11 01:08 | |
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The recent collapse of crypto-friendly bank Silvergate will likely increase regulatory scrutiny on the ties between the crypto industry and the banking sector in the United States.
2023-3-11 22:15 | |
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JPMorgan suggests that crypto firms will struggle to find banking partners after Silvergate's collapse. The post JPMorgan Says Silvergate Collapse Will Test Crypto Industry appeared first on BeInCrypto.
2023-3-11 20:00 | |
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Cryptocurrency prices plunged to their lowest level in months. This crash happened after the collapse of Silvergate Capital. Silicon Valley Bank’s parent company is at the brisk of collapse.
2023-3-11 15:34 | |
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Bitcoin has lost crucial support at the $21,000 level as market volatility has continued after the collapse of Silvergate. The post Bitcoin loses $21k support appeared first on CryptoSlate.
2023-3-9 22:08 | |
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Bitcoin has lost crucial support at the $21,000 level as market volatility has continued after the collapse of Silvergate. The post Bitcoin loses $21k support and sheds 5% in 24H trading appeared first on CryptoSlate.
2023-3-10 22:08 | |
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The collapse of crypto's most visible bank could be an opportunity for stablecoins and other financial services providers.
2023-3-9 21:37 | |
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The Peter Thiel-backed company made a contrarian bet on Silvergate last November when its exposure to FTX’s collapse first became known.
2023-3-9 20:16 | |
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Binance, Coinbase, and OKX have declared that they have no investment exposure to the embattled Silvergate Capital. The crypto-friendly lender has announced its winding down operations.
2023-3-9 19:49 | |
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In another shocking twist that has dealt a severe blow to the price of bitcoin, crypto-friendly bank Silvergate announced that it would be winding down operations as the contagion from the FTX collapse spreads.
2023-3-10 16:30 | |
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Silvergate shares fell sharply after news the crypto-friendly bank would be winding down operations. The company says it will issue full repayments of all customer deposits. Silvergate has been in trouble since late 2022 following the collapse of crypto exchange FTX.
2023-3-9 16:26 | |
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Data from CryptoQuant shows that active addresses and transfer volume have seen significant declines as Silvergate weighs heavy on the market.
2023-3-10 10:20 | |
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Silvergate Capital is reportedly holding talks with the US Federal Deposit Insurance Commission (FDIC) to get ideas on remaining afloat as its financial woes worsen. Silvergate Capital, one of the numerous victims of the disgraced Sam Bankman-Fried’s FTX exchange collapse,…
2023-3-8 14:03 | |
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Silvergate Bank had a really rough week, to the point where a not-insignificant number of people were waiting for the Federal Deposit Insurance Corporation (FDIC) to announce the bank had entered receivership after close of business Friday.
2023-3-8 02:52 | |
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On this week’s episode of The Market Report, Cointelegraph’s resident experts discuss the impact of the Silvergate collapse on crypto.
2023-3-8 20:00 | |
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Kraken says the crypto bank is on track for launch. The crypto exchange will initially offer the Kraken Bank services to customers in the US. The launch of a new crypto-friendly bank comes at a time the crypto bank Silvergate continues to falter after the collapse of FTX.
2023-3-7 17:00 | |
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Coinbase (NASDAQ: COIN) has announced it is discontinuing its business relationship with Silvergate (NYSE: SI), a crypto-friendly bank that is looking increasingly in trouble following the crypto winter and the collapse of FTX.
2023-3-6 20:31 | |
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The crypto market continues to lurch from the recent Silvergate crisis. Most recently, the crypto-focused bank, Silvergate, had delayed filing its annual 10-K report with the Securities and Exchange Commission (SEC), which has aggravated its downfall, which was previously precipitated by the collapse of FTX last year.
2023-3-3 15:30 | |
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Silvergate is reportedly facing an investigation from the United States Department of Justice over its alleged role in the FTX collapse, involving Sam Bankman-Fried's account.
2023-3-3 23:13 | |
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Silvergate Bank is still suffering from the aftermath of the FTX collapse; it admitted to the SEC yesterday that it was uncertain about its ability to continue operating. Silvergates Insolvency...
2023-3-2 19:56 | |
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A below par financial performance, bankruptcy filings and company closures, exposure to FTX’s collapse, job cuts, and slow down in certain investments or projects were some of the challenges crypto companies faced in the year 2022.
2023-2-5 23:19 | |
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Silvergate reportedly cited restrictions on disclosing “confidential supervisory information” related to the collapse of FTX in response to a similar December 2022 letter.
2023-2-1 19:03 | |
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Crypto-friendly bank Silvergate announced its suspended payment of dividends on its series A preferred stock. The company’s shares fell more than 11% pre-market after the announcement. Silvergate reported a $1 billion loss in the fourth quarter and also cut its staff by 20% amid the crypto bear market and impact of FTX collapse.
2023-1-27 18:54 | |
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Silvergate Bank received $4. 3 billion from the San Francisco-based Federal Home Loan Bank last year, following the collapse of crypto exchange FTX, according to the firm’s Q4, 2022 flings. The post Silvergate received a $4.
2023-1-12 22:20 | |
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Silvergate Capital has been forced to take drastic action as a consequence of its association with FTX and its collapse. The post Silvergate Cuts 40% Jobs, Writes Off Diem Asset Acquisition appeared first on BeInCrypto.
2023-1-6 21:19 | |
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The collapse of FTX sparked a bank run on Silvergate, forcing the financial institution to sell assets at a steep loss to cover some $8.1 billion in withdrawals.
2023-1-6 16:13 | |
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An account with Silvergate Capital may have played a key role in FTX’s collapse this November, according to a December 20 report from the Wall Street Journal. The post Silvergate account was at the center of FTX’s collapse, senators say appeared first on CryptoSlate.
2022-12-21 04:30 | |
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Several events are still unfolding following the collapse of FTX crypto exchange. The contagion from the exchange’s sudden collapse created panic among other crypto companies, especially those with exposure to the Sam Bankman-fried led exchange.
2022-12-18 14:47 | |
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Silvergate, a crypto-friendly bank based in San Diego, becomes the latest victim of the crypto downfall. The company released a public statement pleading to have been exposed to the FTX debacle. Silvergate falls victim to FTX collapse Silvergate bank has…
2022-12-14 00:02 | |
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Already down more than 50% over the past month, the bank’s shares are lower by another 3% in premarket action Monday morning.
2022-12-6 17:06 | |
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Several major traditional banks with varying degrees of crypto exposure now find themselves unsure of their next move in the wake of the FTX collapse. The post Silvergate, Provident Bancorp, and Signature Bank Got Burned Playing With Crypto appeared first on BeInCrypto.
2022-11-23 22:00 | |
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Switzerland’s Financial Market Supervisory Authority (FINMA) has raised concerns about increasing money laundering risks in the crypto sector. The warning, detailed in FINMA’s 2024 Risk Monitor report, highlights the growing misuse of digital assets like cryptocurrencies and stablecoins for illicit activities.
Solana-based decentralized exchange (DEX) Raydium has outperformed stablecoin giant Tether in daily fee generation. According to data from DeFiLlama, Raydium generated over $15 million in fees in the last 24 hours, surpassing Tether’s $13 million during the same period.
Ethereum’s value against Bitcoin has reached a four-year low as Bitcoin’s price surpasses $94,000. The ETH/BTC trading pair fell to 0. 03302 BTC, marking a significant decline from mid-2023 levels above 0.
Switzerland’s Financial Market Supervisory Authority has warned about the risks of money laundering associated with cryptocurrencies. In its 2024 Risk Monitor report, the regulator noted that cryptocurrencies, including stablecoins, are increasingly used for cyberattacks, payments for illegal dark web activities,…
With a focus on crypto’s long-term upside, Sygnum Bank finds institutional investors prioritizing exposure to web3 assets amid global economic uncertainty. High-net-worth investors are showing growing confidence in crypto’s long-term potential, driven by portfolio diversification needs and macroeconomic hedging. According…
Bitwise has launched the world’s first Aptos Staking exchange-traded product, offering staking rewards of approximately 4. 7% net of fees. Aptos (APT) soared 20% to $12. 9 on Tuesday, Nov. 12, after U.
Despite the substantial growth of crypto prices in recent years, Switzerland remains wary of virtual currencies, said Swiss National Bank Chairman Martin Schlegel. The Swiss National Bank remains cautious about crypto as Chairman Martin Schlegel stressed on Thursday, Nov. 7,…