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The Latest Breaking News from Silvergate

Future of Finance: Paolo Ardoino on Tether proving crypto critics wrong and how ‘Bitfinex is a different company compared to Binance’

Ardoino talked about his early career and why it's mostly been "business as usual" after recently becoming Tether's CEO.

Fortune

EXCLUSIVE: Crypto-Friendly Bank CEO Defines ‘The Only Thing That Makes Sense’ In Stablecoin Rules

Caitlin Long notes that Custodia Bank, a non-loan-making institution, has been encountering regulatory challenges for a while

Zenger

Is the US banking crisis over?

The US banking crisis triggered worries about the global banking system earlier in the year. Three mid-sized US banks, Silicon Valley Bank, Silvergate and Signature, fell in quick succession, driving down bank share-prices across the world.

The Conversation

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U.S. crypto banking is under frontal assault. Here’s what it will take for the regulatory freeze to thaw, according to a former Fed examiner

Even prior the recent crypto scandals, bank failures, and tighter regulatory scrutiny, regulators were cooling to crypto banking.

Fortune

Federal Reserve orders defunct crypto bank Silvergate to carry out wind-down process

As part of the agreement, Silvergate will have to preserve all records, from emails to ephemeral messaging applications.

Fortune

How crypto can reshape the $130 billion remittance market in Latin America

After years of setbacks, Bitso CEO Daniel Vogel says that crypto remittances have finally broken through.

Fortune

First Republic's failure may lead to other woes

Struggling banks — even if they're not failing — are bad news for economic growth.

Axios

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Is Silvergate the Newest Meme Stock?

Shares of Silvergate Capital (SI) have plummeted more than 95% over the past six months. The company recently announced its plans to shut down operations and liquidate after the crypto industry’s meltdown sapped its financial strength. Amid this, traders are increasingly placing bearish bets on the stock. With mounting short…

StockNews.com

The curious tale of Elizabeth Warren and the short-seller

There is a juicy rumor in Washington, D.C., that Sen. Warren's crypto policy has been informed by a short-seller. But is it true?

Fortune

Bitcoin, Ether, Coinbase fall after CFTC sues Binance

The stocks of several crypto mining companies also took a dive.

Fortune

The collapse of major US banks leads to bills calling for more regulation

When Silicon Valley and Signature banks failed in early March 2023, government regulators rushed in to guarantee deposits and protect bank customers. Under current banking regulations, though, there was no obligation for the government to step in.

The Conversation

The Fed was too late on SVB even though it saw problem after problem

Just over a year before Silicon Valley Bank’s collapse threatened a generation of technology startups and their backers, the Federal Reserve Bank of San Francisco appointed a more senior team of examiners to assess the firm. They started calling out problem after problem.

Tribune News Service

SVB collapse may be start of ‘slow-rolling crisis’, warns BlackRock boss

Larry Fink tells investors more ‘shutdowns and seizures’ in US possible and predicts inflation and interest rates to rise

The Guardian - UK

'Nothing to do with crypto': Regulators pour cold water on Barney Frank's claim Signature Bank was targeted

The failure of the crypto-friendly bank has spurred rampant speculation.

Fortune

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Fortune

What the collapse of crypto banks could mean for stablecoins

Providers like Circle are searching for solutions to fill the void.

ABC News

Will Silicon Valley Bank's collapse spark a US recession with ripple effects across the globe?

Based in California and with about $US200 billion in assets, Silicon Valley Bank (SVB) was the 16th-largest in America, making it the biggest bank failure since the global financial crisis of 2008. The implications for financial markets and the global economy are big.

Fortune

Signature Bank takeover could leave crypto firms scrambling

The Treasury, Federal Reserve, and FDIC jointly announced that depositors would be made whole.

Tribune News Service

As banks topple, regulators face reckoning on week of mayhem

On Monday, the head of the Federal Deposit Insurance Corp. warned a gathering of bankers in Washington about a $620 billion risk lurking in the U.S. financial system.

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news in one place.

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Fortune

Could Silicon Valley Bank contagion spread to the crypto industry?

The stunning failure of the tech behemoth comes on the heels of Silvergate Bank.

Fortune

Why regulators have a banking crisis, not a crypto one

SVB is 20 times bigger than Silvergate. Its collapse points to a much bigger problem than crypto.

Fortune

Top Fed official compares crypto assets to tulip frenzy

Michael Barr called for crypto guardrails in a speech at the Peterson Institute for International Economics.

The Guardian - UK

Crypto bank Silvergate announces liquidation amid sector turmoil

Wind-down and liquidation plan follows mass withdrawal of deposits after collapse of FTX exchange

The Guardian - UK

Crypto bank Silvergate collapses; HS2 delayed; US jobless claims jump – as it happened

Rolling coverage of the latest economic and financial news, as crypto turmoil leads to an “‘orderly wind down’ and ‘voluntary liquidation’ of Silvergate bank

The Times of India

Silvergate bet everything on crypto, then watched it evaporate

NEW YORK: Silvergate Capital Corp spent its final days under siege.

Fortune

Top crypto bank collapses as Silvergate announces plans to wind down operations

The volatile sector's banking options are dwindling.

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