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Extreme Market Turbulence: Critics Call Warren’s Silvergate Take ‘Terribly Misinformed,’ SVB Collapses, Vitalik’s Token Sell-Off Moves Markets, and More — Week in Review
12.3.2023
It’s been a turbulent week in finance with the so-called crypto-friendly Silvergate Bank announcing its liquidation, U.S. Senator Elizabeth Warren blaming the event on “crypto risk,” and individuals on social media pointing out that Warren is “terribly misinformed.”...
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...
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....
Silvergate Bank Becomes Most Shorted Stock in US, but Sees Boost With Citadel Securities Stake
14.2.2023
Recent data shows that Silvergate Bank, a crypto-friendly financial institution, has become the most shorted stock in the United States, according to the Financial Industry Regulatory Authority. On Tuesday, Silvergate’s stock saw a rise after it was discovered that Citadel Securities holds...
Crypto-friendly bank ends loans backed by crypto mining rigs
1.2.2023
After a bullish 2021 crypto miners sought out loans to allow them to expand, a move which has since backfired following difficult market conditions in 2022
Crypto-friendly Stripe weighs public offering: Report
26.1.2023
In 2021, Stripe raised $600 million from a group of investors at a valuation of $95 billion, making it one of Silicon Valley's most valuable startups
First Mover Asia: Hong Kong FinTech Chair Praises Crypto Friendly Policy Statement; Dogecoin Outshines Bitcoin, Ether
1.11.2022
Neil Tan said that the statement by the Financial Services and Treasury Bureau acknowledged the importance of retail investors and would help clarify regulatory issues similar to other countries recent frameworks
Crypto-Friendly Rishi Sunak to Become UK Prime Minister Following Truss Exit
24.10.2022
During his time as finance minister, Sunak unveiled plans to turn the country into an international hub for crypto
Crypto-friendly game provider SOFTSWISS partners with Barbara Bang
17.10.2022
Barbara Bang is young yet determined to partner with the best players in the industry. A recent partnership includes Barbara Bang joining SOFTSWISS as a part of its expansion plan. The venture is yet to explore the territories of Europe and LatAm, among other regions. This partnership will make...
Portugal Makes U-Turn On Crypto-Friendly Taxes
11.10.2022
Though widely considered to be one of the most crypto-friendly countries, Portugal is increasingly shifting its position on taxing cryptoasset gains – and now plans to tax gains on crypto held for less than a year....
Read More: Portugal Makes U-Turn On Crypto-Friendly Taxes
Why the US is one of the most crypto-friendly countries in the world
8.10.2022
The United States is making strides on crypto regulation, and it's home to the largest number of Bitcoin and Ethereum nodes in the world
Crypto-friendly Ray Dalio steps back from Bridgewater’s $150 million fund
5.10.2022
Dalio's views on cryptocurrencies have evolved throughout his tenure at Bridgewater Associates
Set Brave as Default Browser from Command Line
26.9.2022
I’ve been a huge fan of the Brave web browser for years. They’re crypto-friendly, provide native ad-blocking features, and even provide Tor integration. Whenever I set up new systems, I automate Brave as the default browser. You can use the following shell command to set Brave as...
This Crypto-Friendly Bank is Suing the Fed and Why a Win Would Be Hugely Price-Positive for Digital Assets
23.9.2022
U.S. digital asset-focused bank Custodia has filed a lawsuit against the Federal Reserve (FED) Board of Governors and the Federal Reserve Bank of Kansas City over “unlawfully” delaying its application for a master account with the FED. The bank received major backing earlier this week after seven...
Coinbase U-Turns on Politics With New Tool to Promote Crypto-Friendly Politicians
16.9.2022
Coinbase has launched a new tool on its app that enables users to learn about how their elected officials view cryptocurrency. The tool is intended to help the exchange's customers reach out to US lawmakers and potentially exert an influence on how they vote with regards to crypto-...
What New UK Prime Minister Liz Truss Says About Cryptocurrencies
6.9.2022
Liz Truss, Britain’s new prime minister, previously said: “We should welcome cryptocurrencies in a way that doesn’t constrain their potential.” Truss beat former Chancellor of the Exchequer Rishi Sunak, who had a plan to make the U.K. a crypto-friendly nation. Liz Truss...
Nigeria, Binance in early-stage talks for crypto-friendly economic zone
5.9.2022
The proposed partnership aims to build a crypto-friendly digital city similar to the virtual free zone in Dubai
China’s Ant Group to help Malaysia launch crypto-friendly 'super app'
24.8.2022
Expected to launch in early 2023, Kenanga’s crypto-friendly super app will feature digital investment management, e-wallet, FX, stock trading and other services
Portuguese Banks Close Accounts of Crypto Exchanges, Media Reveals
5.8.2022
Major Portuguese banks have started closing or refusing to open accounts for cryptocurrency platforms such as exchanges, according to media reports. The move threatens to tarnish the country’s image as one of Europe’s most crypto-friendly destinations, a haven for bitcoin enthusiasts....