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Bitcoin Dips Below $21K to Reach Lowest Level In 7 Weeks as Silvergate Bank Shutdown Shakes Investors
9.3.2023
Bitcoin, ether and other major cryptocurrencies turned red as the crypto-focused lender’s crisis continued to unfold
Why Financial Analysts Missed Silvergate’s Red Flags
9.3.2023
There were numerous signs of the crypto bank’s problems, but nobody seemed to notice. Angelo Calvello says you shouldn't use traditional investment metrics to assess a non-traditional company
4 Potential Winners of the Silvergate Unwind
9.3.2023
The collapse of crypto's most visible bank could be an opportunity for stablecoins and other financial services providers
US Fed Standing Up New Squad of Crypto Specialists, Says Supervision Chief Barr
9.3.2023
The U.S. Federal Reserve is putting together a “specialized team of experts” to enhance its supervision of the crypto sector, said Michael Barr, the central bank’s vice chairman for supervision
Elizabeth Warren Blames ‘Crypto Risk’ for Silvergate Bank’s Liquidation, Critics Dismiss Senator’s Claims as ‘Terribly Misinformed’
9.3.2023
After Silvergate Bank announced its voluntary liquidation, U.S. senator Elizabeth Warren is attributing the financial institution’s downfall to “crypto risk.” According to Warren, she had previously warned about Silvergate. However, some critics are dismissing Warren’s...
Block.one Exits Silvergate Stake, Says Portfolio Firm Has No Exposure
9.3.2023
The Peter Thiel-backed company made a contrarian bet on Silvergate last November when its exposure to FTX’s collapse first became known
Bitcoin, Ethereum Technical Analysis: BTC Moves to Fresh Multi-Week Low Following Silvergate Liquidation Announcement
9.3.2023
Bitcoin continued to trade lower on March 9, as prices fell to a fresh multi-week low in today’s session. The decline came as crypto bank Silvergate confirmed that it will be winding down operations. Ethereum also edged lower. Bitcoin Bitcoin (BTC) fell for a fourth straight session...
First Mover Americas: Silvergate Shutters in Latest Blow to Crypto
9.3.2023
The latest price moves in bitcoin (BTC) and crypto markets in context for March 9, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets
Crypto Options Market Flashes Bitcoin Warning as Silvergate Winds Down Operations
9.3.2023
Bitcoin's options skew favors bearish put options by the most in two months
Crypto.com Struggles to Maintain Fiat On-Ramps in the Face of Crypto Banking Crisis
9.3.2023
The exchange’s current banking partner is only accessible to users based in the European Economic Area (EEA)
Silvergate Collapse Dragging Down Bitcoin Volume
9.3.2023
Data from CryptoQuant shows that active addresses and transfer volume have seen significant declines as Silvergate weighs heavy on the market
Kryptobanka Silvergate končí, slibuje vyplatit všechny vklady
9.3.2023
Největší kryptobanka zavírá brány. Společnost Silvergate Capital Corporation oznámila, že se stáhne z bankovního bvyznysu a banku Silvergate uzavře. „Likvidace banky zahrnuje plné vyplacení všech vkladů,“ slibuje firma v tiskovém prohlášení
Silvergate downfall sparks debate over whose fault it actually was
9.3.2023
The demise of the crypto-friendly bank has prompted discussion about who tipped the first domino, and where crypto firms can turn for their banking needs
Crypto Stakeholders Say No Exposure to Shuttered Silvergate
9.3.2023
Binance, Coinbase, OKX, and Paxos have all released statements
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