White House ‘aware of the situation’ at Silvergate, says spokeswoman
The spokeswoman said that she won’t be commenting specifically on Silvergate, but the White House will be actively monitoring the situation. Go to Source Powered by WPeMatico
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Silvergate Bank Terminates Crypto Payments Network as Shares Plunge to Record Low
Silvergate Bank has discontinued its cryptocurrency payments network. The decision to shut down Silvergate Exchange Network followed the withdrawal of banking relationships by several major cryptocurrency firms, including Coinbase, Gemini, Paxos, and Circle. Silvergate Discontinues Crypto Payments Network Silvergate Bank announced Friday that its cryptocurrency payments network, the Silvergate Exchange Network (SEN), has been terminated. … Read more
Bitcoin price would retest $25K without Silvergate saga — analysis
Strong U.S. equities and a floundering dollar normally serve to boost BTC price action — but Silvergate is the elephant in the room. Go to Source Powered by WPeMatico
Total crypto market cap takes a hit amid Silvergate Bank crisis
The total crypto market cap slipped below $1.025 trillion as concerns over Silvergate Bank’s solvency triggered a sharp sell-off in BTC, ETH and altcoins. Go to Source Powered by WPeMatico
MicroStrategy, Tether adds to firms distancing from Silvergate as stock dives 57%
MicroStrategy confirmed that none of its 130,000 BTC is custodied by Silvergate. However, the firm does have a loan to pay off to the bank by Q1 2025. Go to Source Powered by WPeMatico
Coinbase Severs Ties With Silvergate Bank Amidst JPMorgan Downgrade and Delayed SEC Filing
On March 2, 2023, the cryptocurrency exchange Coinbase announced that, in light of recent developments, the company is “no longer accepting or initiating payments to or from Silvergate Bank.” The news follows the crypto bank’s delay of its annual 10-K filing with the U.S. Securities and Exchange Commission (SEC) and JPMorgan’s downgrade of the company’s … Read more
Coinbase no longer accepts payments via Silvergate Bank
Following the alleged troubles at Silvergate Bank, Coinbase announced that the crypto exchange will no longer accept or initiate payments with Silvergate. Go to Source Powered by WPeMatico
Silvergate stock plunges 31% after delayed filing raises doubts over future
Crypto-friendly bank Silvergate has delayed its 10-K filing, which reveals the financial health of the company. The news has sent its stock price down 31%. Go to Source Powered by WPeMatico
SBF and FTX fraud ‘aided and abetted’ by Silvergate Bank, alleges lawsuit
The filing is the latest proposed class action in a string of lawsuits aimed at Silvergate over the last two months about its links with Sam Bankman-Fried and defunct crypto exchange FTX. Go to Source Powered by WPeMatico
Silvergate faces DOJ investigation over FTX and Alameda dealings: Report
The crypto bank hasn’t been accused of wrongdoing, but prosecutors want to see how deep the dealings between the crypto bank and FTX went. Go to Source Powered by WPeMatico
