This week we've seen crypto firms cut ties with Silvergate, revelations about Dapper Labs and Visa's crypto plans questioned.
in a regulatory filing that it may be “less than well-capitalized” and was"re-evaluating its business."that they were winding down their relationships with Silvergate on some level.
The bank has been under close inspection by regulators and politicians. Silvergate CEO Alan Lane has been blasted for his"evasive” responses to a previous letter by a group of bipartisan U.S. senators. The group also demanded more information about a $4.3 billion advance the firm took from the Federal Home Loan Bank of San Francisco in the fourth quarter.its Silvergate Exchange Network, a popular product that offers quick transfers between investors and crypto exchanges.
News of his excessive travel budget and luxury lifestyle was probably a bit of a gut punch for the staff, who haveLast week began with a report from Reuters that Visa was
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Before Silvergate and After SilvergateSam Bankman-Fried once separated life 'before Silvergate and after Silvergate,' lauding the premier crypto bank later damaged by FTX's fall. DanielGKuhn writes about Silvergate's comeuppance and whats next for crypto banks Opinion for The Node newsletter
Read more »
Silvergate suspends Silvergate Exchange Network as company reels from crisesSilvergate’s Silvergate Exchange Network (SEN) will shut down as part of a “risk based decision,” the bank said.
Read more »
Crypto exchange Coinbase ditches embattled lender SilvergateCryptocurrency exchange Coinbase Global Inc on Thursday cut financial ties with Silvergate Capital Corp and said it had minimal exposure to the lender, whose latest filing raised questions about its ability to stay in business.
Read more »
Silvergate Stock Drops Over 50% as Crypto Clients Flee Beleaguered BankShares of silvergatebank fell more than 50%, to an all-time-low on Thursday, after its banking clients including coinbase, circle and Gemini said they are severing ties with the crypto bank amid uncertainties. by nikhileshde
Read more »
Silvergate shares drop to record low as crypto companies sever tiesSilvergate Capital Corp. shares lost more than half their value Thursday to trade at a record low of $6.15 as several crypto companies ceased payment...
Read more »
Silvergate discloses uncertain future, and senators dub Binance 'hotbed' for crime: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Ben McMillan, founding partner and CIO of IDX Digital Assets, discusses his market outlook amid the backdrop of a crypto crackdown.
Read more »