Amid the crisis surrounding Silvergate, the parent company of Silvergate Bank, Silvergate Capital Corporation, has revealed plans to shut down operations and “voluntarily liquidate” the bank. The cryp...
Tag: Bank
Signature Bank plummets in share price pre-market, after news of Silvergate halting operations
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Silvergate Capital Corporation Voluntarily Liquidates Bank Assets
31 seconds ago | 2 mins read Bitcoin News Silvergate winds down and is in process of voluntary liquidation. Bank plans to repay all the deposits after the liquidation. Silvergate, the crypto-friendly ...
Silvergate Bank Remains Doubtful About its Future, Says Analyst
DeFi Surfer published a blog detailing the fall of Silvergate Bank. Though the bank saw its peak in 2021, it started falling, currently reaching a phase of decline by 97%. The content creator also ana...
Silvergate Capital to Liquidate Bank Amid Regulatory Crackdown
Silvergate Capital, a central lender to the cryptocurrency industry, has announced the winding down of its operations and the liquidation of its bank. The company is one of the two primary banks for c...
Bitcoin Dives Below $22,000 As Crypto-Friendly Bank Silvergate Prepares to Shut Down
Crypto-friendly bank Silvergate says it’s decided to wind down operations and liquidate, making it the latest company to be leveled by the collapse of FTX. The news triggered a 36% after hours crash i...
Silicon Valley Bank launches $2.25bn share sale to shore up capital base
Silicon Valley Bank has launched a $2.25bn share sale after suffering a large loss on its portfolio of US Treasuries and mortgage-backed securities, as the technology-focused lender grapples with risi...
Marathon Digital terminates credit facilities with Silvergate Bank
Bitcoin mining firm Marathon Digital has paid off its term loan and terminated its credit facilities with crypto-friendly Silvergate Bank, just as the bank announced it will be winding down operations...
Crypto-Friendly Silvergate Bank to Wind Down Operations
On Wednesday, March 8, Silvergate Corporation (NYSE: SI) – the parent firm of troubled crypto-friendly bank Silvergate Capital, announced its intentions to wind down the operations as well as liquidat...
Crypto Bank Silvergate Will Shut Down Amid Financial Peril
Topline California crypto banking giant Silvergate Capital announced Wednesday it is ending operations and liquidating its Silvergate Bank, sending its stock price plummeting, following a months-long ...
Silvergate Capital will liquidate after crypto collapse wipes out bank
Silvergate Capital (SI) said Wednesday afternoon it will wind down operations and voluntarily liquidate its bank after a collapse in the crypto market saw billions in deposits leave the bank in recent...
Silvergate Short Bets Amass $780 Million Payday as Crypto Bank Sinks
(Bloomberg) — Short sellers are making a fortune by loading up on bets against struggling crypto-friendly bank Silvergate Capital Corp. Most Read from Bloomberg Shares have plunged roughly 98% f...
‘Crypto Friendly’ Bank Silvergate to Wind Down Operations
Blaming “recent industry and regulatory developments,” crypto-friendly bank Silvergate announced today that it is winding down operations. According to a Wednesday press release by Silverg...
Bitcoin Miner Marathon Digital Terminates Credit Facility With Crypto Bank Silvergate
Marathon said that on March 8, the term loan prepayment was completed, and the company’s credit facilities with Silvergate Bank were terminated, reducing its debt by $50 million, according to a statem...
Crypto-focused Silvergate Bank to shut down operations
Silvergate Bank decides to liquidate its assets and close shop The bank claims it will make full repayment on deposits The cryptocurrency market sees another player close business. Silvergate Bank, th...
Silvergate Bank Announces Voluntary Liquidation as Crypto Industry Woes Persist – Bitcoin News
At 4:30 p.m. Eastern Time, Silvergate Bank announced its intention to wind down the crypto-friendly bank’s operations and voluntarily liquidate the company’s assets. The news follows significant finan...
Silvergate Bank will halt operations and undergo liquidiation
Ad Silvergate Bank will wind down operations and undergo liquidation, according to a March 8 press release from its holdings company, Silvergate Capital. Silvergate to shut down bank Silvergate said t...
Silvergate To Close Bank, Wind Down Operations
Per several reports, crypto-friendly bank Silvergate will liquidate the financial institution and reduce its operations. The bank faced issues following the collapse of one of its major partners, cryp...
Silvergate Capital Corporation will ‘voluntarily liquidate’ Silvergate Bank
The parent company of Silvergate Bank, known to many in the space as one of the major crypto banks, has announced plans to “wind down operations” and liquidate the bank. In a March 8 announcement, Sil...
Crypto Bank Silvergate Announces ‘Voluntary Liquidation’
As a result, major crypto clients announced they would suspend their relationship with the bank, and its stock price fell 58% in intraday trading to an all-time low of $5.72 – down over $115 over the ...
Silvergate will liquidate bank, wind down operations
Silvergate Capital Corporation said it will wind down operations and voluntarily liquidate the Silvergate Bank in accordance with applicable regulatory processes. “In light of recent indus...
A Comprehensive Guide to Central Bank Digital Currency (CBDC)
Retail CBDC is intended for use by the general public for everyday transactions. CBDC is a cutting-edge technology that has the potential to revolutionize how we conduct business. Digital fiat money, ...
Silvergate In Talks With FDIC In Bid To Salvage Bank
United States Federal officials are meeting with Silvergate management to discuss ways in which to save the troubled bank. FDIC Helping Silvergate Silvergate Capital Corp is on the verge of shutdown,...
Brazil Central Bank Kicks Off Digital Currency Pilot Test
Brazil has started a pilot program for its Central Bank Digital Currency, or CBDC, becoming the latest country to experiment with the digital version of its national currency. The move is part of the ...
Failing bank Silvergate and FDIC are discussing recovery plans
Ad Failing crypto bank Silvergate is exploring ways to make a recovery with U.S. regulators, according to a report from Bloomberg on March 7. Officials have visited Silvergate HQ Bloomberg reported th...
On Track To Launch A Crypto-Friendly Bank
Why wait when you can start your own bank? U.S. exchange Kraken is reportedly set to establish its own bank. In the latest episode of The Scoop, a podcast series backed by The Block, Kraken’s Chief Le...
Might Binance be at the risk of an ‘epic bank run’ after latest round of FUD
Three U.S lawmakers have raised concerns about theft, money laundering, and terrorist financing within crypto-exchanges Binance may face an ‘epic bank run,’ claimed John Reed Stark, a former SEC attor...
Signature Bank, Stablecoins Might Benefit From Silvergate Bank Crypto Exchange Network’s Demise
Now, the network has been shut down – closed last week as the bank’s parent company, Silvergate Capital Corp., acknowledged there were questions about its ability to continue as a “going concern,” and...
White House Will ‘Continue Monitoring’ Silvergate Bank Reports: Press Secretary
White House Press Secretary Karine Jean-Pierre has said that the White House is “aware of the situation” regarding troubled crypto bank Silvergate, and will “continue monitoring the reports.” “I...
Bank of America CEO predicts most people won’t even notice ‘slight’ recession, but warns interest rates won’t come down for at least a year
Those hoping that interest rates might come down sooner rather than later are likely to be disappointed, according to the CEO of Bank of America, who predicts the figure won’t begin to dip for a...
Meme Coins Helped Tons of People Make Bank: David Gokhshtein
Yuri Molchan Crypto enthusiast and entrepreneur responds to critics of meme coins on Twitter – FLOKI, SHIB, DOGE David Gokhshtein, former U.S. congressional candidate, founder of Gokhshtein Medi...
Powell’s comments slammed markets. Here’s what one bank sees for stocks, bonds.
The market really took Federal Reserve Chair Jerome Powell’s words at face value on Tuesday. Short-term yields rose, and the stock market slumped, with this comment: recent data suggest “the ultimate ...