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Nalezeno "Crypto-Bank": 201

Bogus Crypto Bank Chief Jailed for 10 Years After Duping Investors out of $181m

9.2.2023
The CEO of a bogus South Korean crypto bank has been handed a 10-year jail term – after cheating investors out of a total of $181 million. The news outlets Chosun and Newsis reported that the CEO (surnamed Ko) led a firm named QRC Bank. Ko was convicted of fraud and other charges. Two other...

Aspiring Crypto Bank’s Plight Shows Binance’s Issues Are Just Part of the Story

8.2.2023
Custodia Bank’s membership rejection by the Federal Reserve Board is more alarming for crypto banking than the recent troubles of Binance, Juno and Signature Bank combined

Don't Call It 'Britcoin': Digital Pound Nothing Like Crypto, Bank of England Official Says

7.2.2023

Crypto Bank Juno Resumes Services After Pause

7.2.2023
The firm paused services last month amid its former crypto custodian Wyre's turmoil

Crypto Bank Silvergate Shares Move Higher After BlackRock Boosts Stake

31.1.2023
The troubled crypto bank gained nearly 10% in Tuesday's session

US Senators Press Crypto Bank Silvergate on Ties to FTX: Bloomberg

31.1.2023
The lawmakers said in a letter that Silvergate’s previous responses to queries were “evasive and incomplete.”

Crypto Bank Custodia Denied Membership in US Federal Reserve System

29.1.2023
The U.S. Federal Reserve Board has rejected the attempt of Custodia Bank to become member of the Federal Reserve System. According to the decision announced Friday, the application submitted by the digital asset bank is inconsistent with legal requirements. Federal Reserve Board Says Business Model...

Crypto Bank Silvergate Suspends Dividend on Preferred Stock

27.1.2023
The bank is looking to preserve capital as it navigates recent volatility in the crypto industry

Is The Federal Home Loans Bank System Carrying Out a Stealth Rescue of the 2 Biggest Crypto Banks?

22.1.2023
Signature Bank and Silvergate, two of the biggest crypto banks, have received billions in loans from the Federal Home Loan Banks, a system originally designed to support housing finance and community investment. According to a Saturday report from The Wall Street Journal, Signature Bank received...

U.S. home-loan banks lent billions of dollars to crypto banks: Report

21.1.2023
Signature Bank and Silvergate reportedly borrowed over $13 billion from the federal home loan system

Silvergate Capital Incurs Loss of $1 Billion in Q4 of 2022

20.1.2023
Silvergate Capital Corporation, the parent firm of the crypto-focused bank Silvergate Bank, has attributed the $1 billion loss it incurred in the fourth quarter of 2022 to the confidence crisis that permeates the entire crypto ecosystem. While Silvergate has taken steps to help it navigate...

President Herbert Hoover Saves the Day for a Crypto Bank? Yeah, That’s Weird

15.1.2023
Silvergate got propped up by the Federal Home Loan Bank system created in 1932

Crypto Bankruptcies Are Very Complicated

13.1.2023
The FTX, Voyager, Celsius and BlockFi bankruptcy proceedings are proving how complicated they really are

Crypto Bank Juno Chooses Zero Hash to Be New Custodian

6.1.2023
The company's former custodian, Wyre, is scaling back its services

MicroStrategy, Marathon Digital Shares Fall Amid Crypto Bank Silvergate's Woes

5.1.2023
Silvergate also cut 40% of its staff and has written off the $196 million related to its Diem acquisition

Silvergate in Trouble: Crypto Bank Cuts Staff by 40% Amid a 68% Decline in Crypto Deposits

5.1.2023
Trouble is brewing for crypto bank Silvergate as the company cuts staff by 40% and sells assets at a loss to cover $8.1 billion worth of customer withdrawals. Furthermore, the company's crypto-related deposits saw a 68% decline in the fourth quarter of last year. According to a Thursday report by...