Tag: Silvergate
Why You Should (Still) Care About Silvergate
And then there’s Silvergate. Silvergate was never sold, but rather voluntarily liquidated by management. None of its executives have since dared speak [...]
U.S. SEC Sues Crypto-Friend Silvergate Bank, Alleging ‘Misleading’ Statements Around AML Program
"On several occasions prior to November 2022, Lane and Fraher – and through them SCC – became aware that the Bank had serious deficiencies in its BSA/ [...]
Fed inspector blames crypto focus, nepotism for Silvergate Bank collapse
Crypto-friendly Silvergate Bank ultimately collapsed this year due to over-dependence on risky crypto deposits and nepotism that led to ineffective ma [...]
Silvergate Bank Got Fatally Ensnared in Crypto While Examiners Shrugged
“Examiners should have taken more aggressive and decisive supervisory action to escalate several issues in light of the bank’s unchecked growth; its v [...]
Silvergate CEO to depart amid ongoing liquidation and investor suits
Silvergate CEO Alan Lane and two other key executives are set to depart from their positions amid a wind-down of the once crypto-friendly bank.Lane an [...]
Binance sold USDC for BTC & ETH after Silvergate bank collapse: PoR report
Cryptocurrency exchange Binance released its latest proof-of-reserves (PoR) on Aug. 1, offering transparency into its crypto reserves. However, the mo [...]
Fed board issues order to Silvergate Bank as part of self-liquidation plan
The Federal Reserve Board of the United States has issued a consent order to Silvergate Bank and its parent company as part of the institution’s plans [...]
Silvergate begins NYSE delisting process as it readies to cut 230 staff
The parent company of the collapsed Silvergate Bank will be delisted from the New York Stock Exchange (NYSE) and 230 staff will be let go, Silvergate [...]
Multiple Silvergate lawsuits over alleged FTX ties combined by judge
A California judge has combined three investor lawsuits against defunct crypto bank Silvergate Bank involving the bankrupt crypto exchange FTX.On Apri [...]
Michael Saylor’s MicroStrategy repays Silvergate loan and buys 6.5K BTC
MicroStrategy, a business intelligence firm and a major Bitcoin (BTC) investor, is acquiring more BTC amid the recent cryptocurrency market recovery.M [...]
MicroStrategy Pays Off Silvergate Loan, Buys More Bitcoin
The company in March 2022 had borrowed $205 million from Silvergate Bank.
www.coindesk.com [...]
Kraken to suspend Plaid withdrawals and deposits via ACH Silvergate
Major cryptocurrency exchange Kraken is experiencing difficulties with the withdrawal and deposit channel related to the automated clearing house (ACH [...]
Kraken to Suspend ACH Deposits and Withdrawals Following Silvergate Shutdown
“As of March 27, 2023, Kraken clients will no longer be able to use ACH deposits and withdrawals through Silvergate,” the company told CoinDesk in an [...]
Looking at Some Unanswered Signature and Silvergate Bank Questions
I think it’s safe to assume people want certainty. Companies want to know they'll be able to tap banking services. For that to happen, banks need to b [...]
Collapse of Silvergate and Silicon Valley Bank represent a challenge for crypto
The collapse of Silicon Valley Bank (SVB) and Silvergate Capital, some of the most crypto-friendly banks in the industry, has forced many crypto firms [...]