Category: Silvergate

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.

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.

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 United States arm of global crypto exchange Binance has been facing challenges in establishing a new bank partner.

Tether supply across cryptocurrency exchanges has dropped 28% in 2023, however, hinting at an overall decline in demand for stablecoins.

The stablecoin provider denied the allegations that began to surface in regard to its exposure to the now-collapsed Signature Bank.

The U.S. Federal Reserve could be competing with commercial banks due to a facility called the “overnight reverse repurchase agreement facility,” which has currently drawn in more than $2 trillion…

Stablecoins are seen as a potential solution to crypto’s banking problem, but some of them are currently not immune to banking issues.

MicroStrategy has increased its total Bitcoin holdings to 138,955 BTC, purchased for $4.1 billion at an average of $29,817 per coin.