US regulators step in to save troubled bank Silvergate
Summary by NewsWall Mar 09 23
- Silvergate is in talks with FDIC regulators to find a way to avoid collapse as its problems worsen.
- According to Bloomberg, one way to help Silvergate stay afloat discussed at the FDIC meeting was to gather crypto investors to help the bank boost its liquidity.
- The bank scrapped its Silvergate Exchange Network on Friday, which was interpreted as another sign that it was considering winding down its operations.
- Unlike traditional bank wires, which typically take a few days to complete, the payment service made instant transfers between investors and crypto exchanges possible at any time.
Story Details
| Last Updated | Mar 12 23 |
| Total Articles | 37 |
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Crypto's bedrock bank implodes: Silvergate underpinned almost every American crypto company.
axios.com/2023/03/11/cryptos-bedrock-bank-implodes
What explains this unlikely rebound? Cryptocurrencies might be the Wild West of asset-trading, but they do follow some basic market principles
Silvergate is the latest victim of the crypto meltdown: Digital assets have had a good start to the year. It may not last
economist.com/graphic-detail/2023/03/09/silvergate-is-the-latest-victim-of-the-crypto-meltdown
Crypto-focused bank Silvergate plans to wind down following blow from FTX: Crypto-focused bank Silvergate Capital Corp (SI.N) said on Wednesday it planned to ...
reuters.com/technology/crypto-focused-bank-silvergate-plans-wind-down-operations-2023-03-08/
More news on this subject
Previous
Crypto's bedrock bank implodes: Silvergate underpinned almost every American crypto company.
axios.com/2023/03/11/cryptos-bedrock-bank-implodes
What explains this unlikely rebound? Cryptocurrencies might be the Wild West of asset-trading, but they do follow some basic market principles
Silvergate is the latest victim of the crypto meltdown: Digital assets have had a good start to the year. It may not last
economist.com/graphic-detail/2023/03/09/silvergate-is-the-latest-victim-of-the-crypto-meltdown
Crypto-focused bank Silvergate plans to wind down following blow from FTX: Crypto-focused bank Silvergate Capital Corp (SI.N) said on Wednesday it planned to ...
reuters.com/technology/crypto-focused-bank-silvergate-plans-wind-down-operations-2023-03-08/
Crypto crash: Bitcoin, Ethereum, Dogecoin prices plummet after Silvergate Bank collapse
fastcompany.com/90863912/crypto-crash-bitcoin-price-dogecoin-tank-silvergate-svb
Bitcoin steadies near lows hit after fall of Silvergate: Bitcoin steadied on Thursday near its lowest since mid-February, after U.S. crypto-focused bank ...
reuters.com/technology/bitcoin-steadies-near-lows-hit-after-fall-silvergate-2023-03-09/
The tech sector's go-to banks are getting squeezed on all sides: A day after Silvergate Bank said it's closing, Silicon Valley Bank acknowledged problems of its ...
qz.com/the-tech-sectors-go-to-banks-are-getting-squeezed-on-al-1850209710
Crypto bank Silvergate is winding down, becoming another domino in the FTX collapse
qz.com/crypto-bank-silvergate-is-winding-down-becoming-anothe-1850205067
Why Silvergate Bank is Winding Down… and Why It's a Big Blow to Crypto: When mainstream banks were closing traders' accounts, Silvergate embraced cryptocurrency ...
coinmarketcap.com/alexandria/article/why-silvergate-bank-is-winding-down...-and-why-it's-a-big-blow-to-crypto
4 Potential Winners of the Silvergate Unwind: The collapse of crypto's most visible bank could be an opportunity for stablecoins and other ...
coindesk.com/consensus-magazine/2023/03/09/4-potential-winners-of-the-silvergate-unwind/
Crypto’s Banking Problem Is Not Ironic: Call it Choke Point 2.0, debanking or whatever, the crypto industry’s problems with the banking industry show why the ...
coindesk.com/consensus-magazine/2023/03/06/cryptos-banking-problem-is-not-ironic/
How Silvergate’s Crypto Collapse Differed From Silicon Valley Bank’s: No Bailout: A deep-dive into regulatory filings shows how Silvergate Bank's collapse ...
coindesk.com/tech/2023/03/10/how-silvergates-crypto-collapse-differed-from-silicon-valley-banks-no-us-government-bailout/
Silvergate has collapsed: Silvergate, a bank heavily tied to the US crypto economy, announced it’s shutting down after FTX’s collapse sparked a massive run on ...
theverge.com/2023/3/8/23631320/silvergate-wind-down-liquidiation-announcement
Silvergate Bet Everything on Crypto, Then It All Evaporated: Silvergate Capital Corp. spent its final days under siege.
bloomberg.com/news/articles/2023-03-09/silvergate-bet-everything-on-crypto-then-watched-it-evaporate
Replacing Silvergate’s Network Is a Challenge for Crypto Industry: JPMorgan: Some of the services provided by Silvergate will migrate to other banks such as ...
coindesk.com/business/2023/03/10/replacing-silvergates-network-is-a-challenge-for-crypto-industry-jpmorgan-jpmorgan/
Silvergate Bank 'Had to Be Perfect' but Now Pays a Heavy Price: Strategist: Crypto adoption by TradFi companies “got just that much harder in the last 24 hours ...
coindesk.com/business/2023/03/09/silvergate-bank-had-to-be-perfect-but-now-pays-a-heavy-price-strategist/
Why Financial Analysts Missed Silvergate’s Red Flags: There were numerous signs of the crypto bank’s problems, but nobody seemed to notice ...
coindesk.com/consensus-magazine/2023/03/09/why-silvergate-failed-and-why-nobody-noticed-its-problems-coindesk/
Bitcoin and other crypto assets fall as Silvergate Bank to liquidate: Bitcoin, ether, and shares of Coinbase were among the crypto assets that tumbled Thursday ...
markets.businessinsider.com/news/stocks/bitcoin-ether-cryptocurrencies-silvergate-bank-liquidation-ftx-deposits-coinbase-assets-2023-3
Silvergate failure: Elizabeth Warren, Mike Novogratz, 8 experts in quotes: Silvergate has failed, and debate is raging over whether volatile crypto or usual ...
markets.businessinsider.com/news/currencies/crypto-silvergate-bank-collapse-elizabeth-warren-novogratz-cz-binance-fix-2023-3
BREAKING: Silvergate Bank Enters Voluntary Liquidation: The crypto-friendly bank was a vital cog in the industry's ecosystem, serving as a fiat on-ramp for many ...
coinmarketcap.com/alexandria/article/breaking:-silvergate-bank-enters-voluntary-liquidation
Block.one Exits Silvergate Stake, Says Portfolio Firm Has No Exposure: The Peter Thiel-backed company made a contrarian bet on Silvergate last November when its ...
coindesk.com/business/2023/03/09/blockone-exits-silvergate-stake-says-portfolio-firm-has-no-exposure/
First Mover Americas: Silvergate Shutters in Latest Blow to Crypto: The latest price moves in crypto markets in context for March 9, 2023.
coindesk.com/markets/2023/03/09/first-mover-americas-silvergate-shutters-in-latest-blow-to-crypto/
Silvergate short-sellers make $780 million as the crypto bank shuts down: Bets against Silvergate have paid off, as shares sink 45% after the embattled ...
markets.businessinsider.com/news/stocks/crypto-silvergate-short-sellers-780-million-gain-bank-failure-2023-3
Digital Asset Inflows Will Slow Without On-Ramps Between Fiat and Crypto: Morgan Stanley
coindesk.com/business/2023/03/09/digital-asset-inflows-will-slow-without-on-ramps-between-fiat-and-crypto-morgan-stanley/
Crypto crash: Key bank Silvergate to close after FTX collapse: The crypto-friendly financial institution has felt the brunt of rising interest rates and FTX's ...
markets.businessinsider.com/news/stocks/crypto-crash-silvergate-bank-shut-down-liquidate-stock-market-news-2023-3
Silvergate Collapse Dragging Down Bitcoin Volume: Data from CryptoQuant shows that active addresses and transfer volume have seen significant declines as ...
coindesk.com/markets/2023/03/09/silvergate-collapse-dragging-down-bitcoin-volume/
Crypto Stakeholders Say No Exposure to Shuttered Silvergate: Binance, Coinbase, OKX, and Paxos have all released statements regarding their exposure to ...
coindesk.com/business/2023/03/09/crypto-stakeholders-say-no-exposure-to-shuttered-silvergate/
Bitcoin Miner Marathon Digital Terminates Credit Facility With Crypto Bank Silvergate
coindesk.com/business/2023/03/08/bitcoin-miner-marathon-digital-terminates-credit-facility-with-crypto-bank-silvergate/
Crypto Bank Silvergate Announces 'Voluntary Liquidation': The bank revealed last Wednesday it would have to delay filing its annual 10-K report due to questions ...
coindesk.com/policy/2023/03/08/crypto-bank-silvergate-announces-voluntary-liquidation/
US regulators swoop in to help troubled bank Silvergate stay afloat: Crypto bank Silvergate is talking to FDIC regulators to find a way to avoid collapse as its ...
markets.businessinsider.com/news/currencies/crypto-silvergate-bank-avoid-collapse-regulators-fdic-swoop-talks-insurance-2023-3
Silvergate's Collapse May Spell Regulatory Trouble for Crypto: Silvergate’s woes are an ill omen for the broader crypto industry.
coindesk.com/policy/2023/03/07/silvergates-collapse-may-spell-regulatory-trouble-for-crypto/
Silvergate Talking With FDIC About How to Save Crypto-Focused Bank: Bloomberg: FDIC examiners met with Silvergate management at its headquarters in California ...
coindesk.com/policy/2023/03/07/silvergate-talking-with-fdic-about-how-to-save-crypto-focused-bank-bloomberg/
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