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The Latest Breaking News from Silvergate

Bitcoin falls 5% overnight to $22,300—after touching $25,000 last month—as Silvergate troubles weigh on price

The cryptocurrency briefly broke $25,000 just last month.

Near 50% fall in Silvergate’s shares over FTX exposure prompts survival doubts

Near 50% fall in Silvergate’s shares over FTX exposure prompts survival doubts

Stock price of crypto-focused US bank plummeted in Thursday trading and it is assessing its ability to keep going

The Guardian - UK

Coinbase ends relationship with crypto bank Silvergate

Coinbase ends relationship with crypto bank Silvergate

After delaying its annual report, Silvergate’s share price opened more than 40% lower on Thursday.

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Binance suspends bank transfers of U.S. dollars

The world’s biggest crypto exchange says only 0.01% of customers will be affected.

DOJ questions Silvergate for dealings with FTX, Alameda

The fraud probe follows the crypto-focused bank’s announcement two weeks ago of a net loss of $1 billion in the fourth quarter of 2022.

The banking industry is turning its back on crypto, adding insult to injury for the reeling sector

Signature is the latest crypto bank to pull back its services.

Crypto bank Silvergate reports $1 billion loss

The company's share price has plummeted following the collapse of its client, FTX.

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Silvergate forced to cover $8bn worth of crypto-related withdrawals

Silvergate forced to cover $8bn worth of crypto-related withdrawals

The US bank was forced to sell $5.2bn worth of assets for cash and booked a loss of $718m on those sales

The Guardian - UK

Silvergate Capital faces questions from lawmakers amid FTX crypto exchange collapse

San Diego's Silvergate Capital made its name in recent years as one of a few traditional banks providing deposit, fund transfer, security and other services for the cryptocurrency trading market.

Tribune News Service

FTX's implosion raise questions about Genesis, Crypto.com, and Silvergate

FTX's implosion raise questions about Genesis, Crypto.com, and Silvergate

BlockFi is likely the just first of some big dominoes to fall in the wake of the FTX collapse. Here are some others to watch.

Stablecoin issuers seek bank licenses to reassure customers

WASHINGTON — Firms that issue or trade stablecoins are looking to secure banking licenses, largely as a signal to customers that the coins are safe as bank deposits.

Tribune News Service

Stablecoin issuers seek bank licenses to reassure customers - Roll Call

Stablecoin issuers seek bank licenses to reassure customers - Roll Call

Firms that issue or trade stablecoins are looking to secure banking licenses, largely to signal that the coins are safe as bank deposits.

Facebook Libra: the inside story of how the company’s cryptocurrency dream died

Facebook Libra: the inside story of how the company’s cryptocurrency dream died

It had the blue-chip partners, the tech and the right players. None of which could save it

Financial Times

This Cathie Wood Portfolio Company Is Buying The Tech Of Facebook's Diem As Latter Abandons The Crypto Project: WSJ

This Cathie Wood Portfolio Company Is Buying The Tech Of Facebook's Diem As Latter Abandons The Crypto Project: WSJ

Meta Platforms Inc. (NASDAQ: FB) is winding down its Diem cryptocurrency project and selling its technology to cryptocurrency-focused bank Silvergate Capital Corp. (NYSE: SI) for about $200 million, the Wall

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