Search
Silvergate closes Exchange Network, releases $9.9M to BlockFi
4.3.2023
The bank is discontinuing its crypto payment network, claiming the termination is a risk-based decision
Bitcoin price would retest $25K without Silvergate saga — analysis
4.3.2023
Strong U.S. equities and a floundering dollar normally serve to boost BTC price action — but Silvergate is the elephant in the room
Crypto Bank Silvergate Forced to Return $9.85M Deposit to BlockFi in Ongoing Bankruptcy Dispute
4.3.2023
Crypto-friendly bank Silvergate has been forced to return $9.85 million to BlockFi as part of the crypto lender’s ongoing bankruptcy proceedings.
According to documents made available on the website of BlockFi’s restructuring advisor, the bankruptcy court overseeing BlockFi's restructuring process...
Silvergate Closes SEN Platform Institutions Used to Move Money to Crypto Exchanges
4.3.2023
Silvergate Bank announced Friday it was suspending its "Silvergate Exchange Network" (SEN) "effective immediately."
The Rise and Fall of Silvergate’s Crypto Business
3.3.2023
Silvergate Bank lost more than $8 billion in deposits from its crypto customers in the final months of 2022 as its core block of business crumbled under the industry’s implosion – just as the bank’s regulators had predicted might happen for such institutions
Total crypto market cap takes a hit amid Silvergate Bank crisis
3.3.2023
The total crypto market cap slipped below $1.025 trillion as concerns over Silvergate Bank’s solvency triggered a sharp sell-off in BTC, ETH and altcoins
Biggest Movers: DOGE, SHIB Fall to Lowest Levels Since January
3.3.2023
Dogecoin dropped to its lowest level since January, as a red wave swept through cryptocurrency markets. The Silvergate bank based sell-off has impacted overall sentiment, with the global crypto market cap down 3.63% as of writing. Shiba inu also dropped, falling to a six-week low. Dogecoin (DOGE)...
First Mover Americas: Crypto Markets Sinking on Silvergate
3.3.2023
The latest price moves in bitcoin (BTC) and crypto markets in context for March 2, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets
Bitcoin, Ethereum Technical Analysis: BTC, ETH Hit Multi-Week Low, as Silvergate Uncertainty Spooks Markets
3.3.2023
Bitcoin dropped to a two-week low on Friday, as crypto markets continued to react to the uncertainty surrounding Silvergate. The solvency of the bank has been put into question, with Binance, Coinbase and other exchanges moving to halt transactions. Ethereum also edged lower, falling below $1,600...
Coinbase cutting ties with Silvergate forces crypto hedge fund to find a new bank
3.3.2023
A total of five crypto companies end their partnership with Silvergate bank on March 2 after a series of lawsuits and investigations against the fintech bank
MicroStrategy Claims Minimal Exposure as Crypto.com, Coinbase, and Gemini Pause Transactions with Silvergate Bank – What's Going On?
3.3.2023
MicroStrategy has denied any meaningful exposure to Silvergate as crypto firms who banked with the crypto bank are rushing for the exits amid concerns about its financial condition.
In a Thursday tweet, business intelligence firm MicroStrategy said their Bitcoin holdings, which consists of over...
Binance USD market cap falls below $10B amid rising regulatory concerns
3.3.2023
As it stands today, BUSD's market cap has fallen by nearly $14 billion since its all-time high of $23.49 billion on Nov. 15, 2022
Bitcoin price slides 5% in 60 minutes, hitting two-week low amid Silvergate
3.3.2023
The price of BTC has fallen a steep 5% in a matter of 30 minutes between 1:30-2:00am UTC time on March 3. The cause behind the fall is not clear
Bitcoin, Ether Drop Over 5% in Massive Sell-Off as Market Continues to Digest Silvergate
3.3.2023
Bitcoin plunged to $22,288 and Ether hit $1,563 as crypto took a tumble during the opening hours of East Asia's trading day
MicroStrategy, Tether adds to firms distancing from Silvergate as stock dives 57%
3.3.2023
MicroStrategy confirmed that none of its 130,000 BTC is custodied by Silvergate. However, the firm does have a loan to pay off to the bank by Q1 2025
Was Silvergate on Borrowed Time as Regulators Backed Banks Away From Crypto?
3.3.2023
Silvergate Bank is being hollowed out as its customers retreat following the disclosure that it has to reassess its financials and may not be a "going concern" within a year. The prominent California-based crypto bank's future gets increasingly murky
Bitcoin Price Holds Steady Above $23K as Silvergate Capital Crumbles
2.3.2023
That Silverage’s troubles are not a negative catalyst for BTC’s price “has to be seen as a positive,” one analyst says
MicroStrategy Says It Doesn’t Have Any Assets Custodied With Silvergate
2.3.2023
Business software company Microstrategy (MSTR) said it has no assets custodied with Silvergate Capital (SI) and is in no other way financially linked to the bank other than a commitment to repay a loan in 2025, the company said on Thursday
Coinbase Severs Ties With Silvergate Bank Amidst JPMorgan Downgrade and Delayed SEC Filing
2.3.2023
On March 2, 2023, the cryptocurrency exchange Coinbase announced that, in light of recent developments, the company is “no longer accepting or initiating payments to or from Silvergate Bank.” The news follows the crypto bank’s delay of its annual 10-K filing with the U.S....
Circle, Paxos, Bitstamp and Galaxy join Coinbase in scaling back partnerships with Silvergate Bank
2.3.2023
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