2023-1-6 16:13 |
The collapse of FTX sparked a bank run on Silvergate, forcing the financial institution to sell assets at a steep loss to cover some $8.1 billion in withdrawals. origin »
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Silvergate has reportedly laid off 200 members of its staff, which is around 40% of its total number of employees.
2023-1-6 15:35 | |
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The recent Chinese ban on crypto transactions and crypto miners has caused the Huobi mining pool to transfer $4.21 billion in Bitcoin
2021-9-28 15:06 | |
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The Singapore-based cryptocurrency exchange KuCoin released a statement regarding detecting large withdrawals on September 26, 2020, at 03:05:37 (UTC+8). The exchange has reportedly lost $150 million worth of funds, although KuCoin hasn’t declared it yet but released “suspicious addresses,” which are constantly updated.
2020-9-27 15:48 | |
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Bitfinex and Tether’s legal counsel has written a response to the New York Attorney General’s (NYAG) ex parte order, which claims that Bitifinex used Tether’s reserves to cover some $850 million in losses.
2019-5-1 01:22 | |
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The New York Office of the Attorney General (AG) wants to take a closer look into the business operations of Bitfinex and related stablecoin issuer Tether (USDT). According to a legal petition filed with the Supreme Court of New York, the NY Attorney General Office of Letitia James is applying for a court order to investigate Bitfinex’s suite of interrelated companies (including its umbrella firm iFinex and Tether Holdings Limited) for “ongoing fraud” to the tune of $850 million.
2019-4-27 01:30 | |
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Top-20 cryptocurrency exchange Coinbene announces deposits and withdrawals are paused for maintenance, while users suspect a cover for a possible hack
2019-3-27 18:44 | |
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1Broker has enough funds to cover all withdrawals, which will start when the SEC and CFTC permit, the company has explained.
2018-9-28 18:46 | |
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The crypto world is welcoming its newest digital currency exchange. Known as BTSE, it’s a platform designed primarily to look after markets and OTC trading. The system is unique in the sense that it offers multiple currencies through one book, and entities like the U.
2018-9-21 00:05 | |
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Venture Capitalist Nic Carter returns with a new article that explores at-length how the Biden administration allegedly imposed an informal mandate for banks to cap their crypto deposits at 15%, leading to the downfall of Silvergate, Signature and Silicon Valley…
Venture Capitalist Nic Carter updates his findings on Operation Choke Point 2.0 after Silvergate executive’s testimony that sheds light on how US financial regulators tried to crackdown on banks involved in the crypto industry, known as Operation Choke Point 2.0.…
The United States Securities and Exchange Commission (SEC) has sued Silvergate Capital Corporation, the firm behind the crypto-friendly Silvergate Bank. According to a July 1 filing, the commission alleges that Silvergate, along with its former CEO Alan Lane and former…
The BitMEX co-founder says Bitcoin has been on a bull run since the Fed’s $25 billion dollar program aimed at stabilizing the U.S. banking system.
Silvergate, a major crypto-friendly bank, announced the departure of three top executives as part of its liquidation process following its collapse due to a domino effect triggered by the failure of cryptocurrency exchange FTX.
Binance’s depleting USDC reserves has become a hot topic in the crypto ecosystem, especially after Coinbase CEO’s quip during the company’s Q2 earning call.
Regulatory crackdown on Silvergate Capital and Silvergate Bank continues as the Federal Reserve and California's DFPI issue a cease and desist order, halting operations.