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CNBC: What the failures of Signature Bank, SVB and Silvergate mean for the Crypto Sector News

CNBC: What the failures of Signature Bank, SVB and Silvergate mean for the Crypto Sector

WASHINGTON — Plans announced Sunday to fully reimburse deposits made in the collapsed Silicon Valley Bank and the shuttered Signature Bank will rely on Wall Street and large financial institutions — n...
03/12CommentsFinancial Crisis 2023 Silicon Valley Bank
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The Rise and Fall of Silvergate’s Crypto Business Investing

The Rise and Fall of Silvergate’s Crypto Business

Silvergate Bank lost more than $8 billion in deposits from its crypto customers in the final months of 2022 as its core block of business crumbled under the industry’s implosion – just as the bank’s r...
03/04CommentsCrypto Silvergate
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Silvergate Capital shares plunge as bank reveals doubts about its viability Investing

Silvergate Capital shares plunge as bank reveals doubts about its viability

New York CNN  —  Silvergate Capital, a dominant lender to cryptocurrency firms, is spiraling. The bank’s shares fell more than 55% Thursday after it told the Securities and Exchange Commission in a...
03/04CommentsSilvergate
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Silvergate Suspends Crypto Payments Network Investing

Silvergate Suspends Crypto Payments Network

March 3 (Reuters) - Silvergate Capital Corp (SI.N) said on Friday it made a "risk-based decision" to discontinue the Silvergate Exchange Network, its crypto payments network, two days after the di...
03/04CommentsCrypto Silvergate
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