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Marathon Digital terminates credit facilities with Silvergate Bank

9.3.2023
The decision to end its loan facilities with Silvergate Bank follows a shift in Marathon’s long-term financial strategy to build liquidity

Bitcoin Miner Marathon Digital Terminates Credit Facility With Crypto Bank Silvergate

8.3.2023
The miner reduced its debt by $50 million and freed up about $75 million worth of bitcoin that was held as collateral

Breaking News: Crypto-Friendly Silvergate Bank Announces 'Voluntary Liquidation' - A Blow for Crypto Adoption?

8.3.2023
Crypto-friendly US-based bank Silvergate Bank has begun the voluntary process of liquidation, according to a statement issued by the California Department of Financial Protection and Innovation (DFPI). The announcement of Silvergate Bank’s liquidation come just a day after reports surfaced...

Silvergate Bank Announces Voluntary Liquidation as Crypto Industry Woes Persist

8.3.2023
At 4:30 p.m. Eastern Time, Silvergate Bank announced its intention to wind down the crypto-friendly bank’s operations and voluntarily liquidate the company’s assets. The news follows significant financial troubles the bank faced, and the firm’s stock plummeted in value. Details...

Silvergate Capital Corporation will ‘voluntarily liquidate’ Silvergate Bank

8.3.2023
The company claimed that the bank's voluntary liquidation is its best path forward due to recent industry and regulatory developments

Crypto Bank Silvergate Announces 'Voluntary Liquidation'

8.3.2023
The Federal Deposit Insurance Corporation has taken over Silvergate Bank, which saw prominent customers abandon it and its stock price plunge after revealing it faced regulatory scrutiny and had to sell assets to pay off loans

China’s Wechat Adds Support for Digital Yuan Payments

8.3.2023
Chinese social media platform Wechat has introduced support for the state-backed digital yuan in its popular payment app. Over a billion users will now ostensibly be able to take advantage of fast payments with the digital currency issued by the People’s Bank of China. Wechat Pay Follows Alipay...

Russian crypto advocates urge Putin to stop regulatory hostility

8.3.2023
Russia’s existing regulatory stance on the cryptocurrency industry would potentially lead the country to “direct financial losses,” the RACIB argued

BIS Releases Report On ‘Project Icebreaker’ — Develops Cross-Border Retail CBDC Payment Model

8.3.2023
The Bank for International Settlements (BIS) has released a report summarizing the “Project Icebreaker” trial, which explored the potential advantages and difficulties of utilizing a retail central bank digital currency (CBDC) in cross-border payments. The experiment was designed...

Silvergate Talking With FDIC About How to Save Crypto-Focused Bank: Bloomberg

8.3.2023
FDIC examiners met with Silvergate management at its headquarters in California last week

Signature Bank, Stablecoins Might Benefit From Silvergate Exchange Network's Demise

7.3.2023
The bank’s exchange network, SEN, had a simple premise and played a crucial role from its inception in 2018 through its shutdown on Friday. Analysts and experts are handicapping who might fill the void

BIS Completes Successful Pilot Study of Central Bank Digital Currencies for Cross-Border Payments

7.3.2023
The Bank for International Settlements (BIS) has completed a pilot study of the use of central bank digital currencies (CBDCs) for cross-border payments in collaboration with central banks in Norway, Sweden, and Israel. The pilot study, called Project Icebreaker, aimed to test the “technical...

Kraken Crypto Exchange to Disrupt Traditional Banking with the Launch of Its Own Bank for Digital Assets – Here's What You Need to Know

7.3.2023
Major crypto exchange Kraken is finally putting its feet into the banking waters with the new Kraken Bank. "We're building a better kind of crypto & bitcoin bank for our clients," said the exchange on its website. The Wyoming, USA-based bank is called Kraken Financial, but "due to overwhelming...

JD.com & Bank of China Join Mainland China-Hong Kong Digital Yuan Pilot

7.3.2023
Major business players are joining the Hong Kong-Mainland China “cross-border” digital yuan pilot – including the e-commerce giant JD.com and the Bank of China. The Bank of China is one of Mainland China’s largest state-run commercial banks, while JD.com is arguably the nation’s answer...

Iron Bank brings out the big gun, holds Alpha Homora’s users’ funds hostage to cover debt

7.3.2023
We have seen the crypto industry and staking services go down in recent months. The time has now come for decentralized finance to feel the burn of the community. This came to light after Iron Bank announced holding back the users’ funds of Alpha Homora. Funds are being held hostages to cover...