Tags: Silvergate

An investigation into Silvergate Bank found that its collapse was brought about by a dependency on crypto deposits and “ineffective” senior management.

Today in Crypto: Stellar Buys Minority Stake in MoneyGram, Adidas and BAPE Reveal Limited Sneakers Auctioned via NFT Passes, Three Key Silvergate Execs Set to Leave the Company

Silvergate is losing its CEO Alan Lane and two other top executives as part of an ongoing wind-down of the once crypto-friendly bank.

Binance’s depleting USDC reserves has become a hot topic in the crypto ecosystem, especially after Coinbase CEO’s quip during the company’s Q2 earning call.

Crypto Industry Turns to Customers Bank as Preferred Partner Amidst Collapse of Silvergate, Signature

As Traditional Banks Step Back, New Players Fill Gap in Crypto Banking

‘Large Amounts of Money’ Flowed in Binance Related Accounts: SEC Accountant Says

This investigation could prove that Binance has tight controls over the subsidiary.

Stablecoins could help crypto firms to remove themselves from the banking system — and prevent the U.S. government from cutting off their financial lifelines.

Today in Crypto: Elon Musk Accused of DOGE-Related Insider Trading, Xapo Integrates with the Single Euro Payments Area Network, US CFTC Mulls Rules Change to Include Crypto Risk

Silvergate Capital Corporation and its crypto-friendly bank will have 10 days to submit a self-liquidation plan in compliance with California and federal requirements.

Former Signature Bank Chairman Said the Bank Cut Back on Digital Asset Deposits in Wake of Volatility

Today in Crypto: Silvergate to Delist from NYSE & Fire 230 Staff, US Trains Ukraine to Target Russian Oligarchs’ Crypto, LG NFT TV

Job Cuts at Silvergate as Crypto-Friendly Bank Winds Down After FTX Collapse

The parent company of the defunct Silvergate Bank disclosed significant staff cuts and the delisting of its securities in an SEC filing.

The CIO of JPMorgan Asset Management said it’d be “naive to say that this is just limited to First Republic.”

Internal reviews of the supervision of Silicon Valley Bank and Signature Bank have been released, showing weaknesses on the part of the banks’ regulators as well as management.

The CEO of Gemini says things would’ve been handled differently if First Republic was a "crypto" bank.

Today in Crypto: SG-FORGE Reveals the EUR CoinVertible Stablecoin, Three Silvergate FTX-related Lawsuits Combined, Voyager Strikes Deal with US Government to Sell Assets to Binance.US

Plaintiffs seeking damages from Silvergate’s collapse have joined forces with their respective lawsuits.

The crypto advocacy group wants clarity on recent regulatory action against digital asset-friendly banks.

The account services for crypto firms come at a time when U.S.-based firms are struggling to find local banking partners and are frequently looking abroad.