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NYSE Launches Shares of Pro Crypto Silvergate Bank for Trading

NYSE Launches Shares of Pro Crypto Silvergate Bank for Trading

American Commercial bank Silvergate Capital, a bank focused on digital currencies, is now officially established on the New York Stock Exchange (NYSE), with an opening of $12.75. Parallel to the event was the celebration of its initial public offering (IPO), as per NYSE.

Silvergate Bank Contemplates Crypto-Lending

Silvergate Bank Contemplates Crypto-Lending

Silvergate Bank seeks to become a crypto lender based on the considerable demand witnessed in this sector.

Stakeholders in the Crypto Ecosystem Want US Regulator to Increase Bank's Crypto Capabilities

Stakeholders in the Crypto Ecosystem Want US Regulator to Increase Bank's Crypto Capabilities

Stakeholders including the Silvergate Bank have responded to the OCC call recommending the regulator to improve US bank’s crypto capabilities.

Kraken Halts ACH Deposits and Withdrawals via Silvergate

Kraken Halts ACH Deposits and Withdrawals via Silvergate

Kraken has notified its users that it will no longer support ACH deposits and withdrawals via Silvergate starting from March 27, citing difficulties with the automated clearing house. Kraken has advised its users to use alternative funding options until ACH funding is available again.

Hong Kong Monetary Authority Announces 5.00% Interest Rate for Silver Bond Series Due 2026

Hong Kong Monetary Authority Announces 5.00% Interest Rate for Silver Bond Series Due 2026

The Hong Kong Monetary Authority has set the annual interest rate for the second interest payment of the Silver Bond Series due 2026 at 5.00%.

Hong Kong Monetary Authority Sets 4.00% Interest Rate for Silver Bond Series

Hong Kong Monetary Authority Sets 4.00% Interest Rate for Silver Bond Series

The Hong Kong Monetary Authority announced a 4.00% interest rate for the fourth payment of the Silver Bond Series due 2025.

Silvergate Faces Another Securities Law Class-Action Suit

Silvergate Faces Another Securities Law Class-Action Suit

Silvergate Capital, owner of Silvergate Exchange Network and Silvergate Bank, was sued in a class action. The complaint says Silvergate's platform missed $425 million in money laundering. The action argues the class might comprise hundreds or thousands of New York Stock Exchange-traded Silvergate shares.

MicroStrategy Acquires More Bitcoin Amid Market Recovery

MicroStrategy Acquires More Bitcoin Amid Market Recovery

MicroStrategy has acquired 6,455 Bitcoin for $150 million and repaid its $205 million loan to Silvergate at a 22% discount, according to a filing with the US SEC. The company now holds a total of 138,955 BTC, bought for $4.1 billion at an average price of $29,817 per coin. MicroStrategy also sold class A common stock worth $500 million and acquired BTC between Feb. 16, 2023 and March 23, 2023.

Silvergate Bank Voluntary Liquidation Sparks Controversy in Crypto Industry

Silvergate Bank Voluntary Liquidation Sparks Controversy in Crypto Industry

The recent announcement of Silvergate Bank’s voluntary liquidation has led to a heated debate in the crypto industry, with some lawmakers labeling the sector as “risky” and “volatile.” Crypto executives and commentators have criticized these remarks and suggested that government investigations and legal attacks hastened the bank’s collapse. As Silvergate winds down, some crypto firms are seeking alternative banking partners amid concerns of regulatory crackdowns and proposed tax law changes.

Australian Bankers Association cost of living probe shows bank pressure

Australian Bankers Association cost of living probe shows bank pressure

The Australian Bankers Association (ABA) has launched a cost of living review to determine how the COVID-19 epidemic, global supply chain restrictions, geopolitical tensions, and other factors have raised Australia's already high cost of living. The research will examine Australia's economic policies and ways to cut living costs.

Binance Accused of Commingling Customer Funds and Revenue, Says Reuters Report

Binance Accused of Commingling Customer Funds and Revenue, Says Reuters Report

Binance, the world's largest cryptocurrency exchange, is facing allegations of having commingled customer funds with company revenue in 2020 and 2021, violating U.S. financial rules that mandate the segregation of customer money, according to a special report by Reuters.

US Bank Failures Shock Regulators

US Bank Failures Shock Regulators

The New York Department of Financial Services and the US Federal Reserve Board have published their internal reviews on the handling of Signature Bank and Silicon Valley Bank's failures. The string of bank failures, including Silvergate Bank's voluntary liquidation, has prompted regulators to re-evaluate their supervision.

Silvergate Loses Additional Ratings From Moody's

Silvergate Loses Additional Ratings From Moody's

Cathy Wood's ARK Invest sold over 400,000 Silvergate Capital shares for $4.3 million. Reports say Silvergate Bank lost $718 million liquidating loans to meet $8.1 billion in withdrawals. Moody's Investors Service downgraded Silvergate and the bank due to the bank's predicament.

Silvergate Reports $1B Deficit In Q4 2022

Silvergate Reports $1B Deficit In Q4 2022

Silvergate Bank reported a $1 billion net loss attributable to common shareholders in Q4 2022. The FTX and Alameda Research class-action lawsuit is against the corporation. Silvergate CEO Alan Lane said the business still believes in the digital asset market and would keep its financial sheet liquid.

Blockchain Association Seeks Information on De-banking of Crypto Companies

Blockchain Association Seeks Information on De-banking of Crypto Companies

The Blockchain Association has filed Freedom of Information Law requests to the Federal Housing Finance Agency and the New York Department of Financial Services, seeking more information on the de-banking of crypto companies after the closure of Signature Bank and the failure of Silvergate Bank.

Binance converts remaining $1 billion in Industry Recovery Initiative to native crypto amidst concerns around stablecoins

Binance converts remaining $1 billion in Industry Recovery Initiative to native crypto amidst concerns around stablecoins

Binance co-founder and CEO, Changpeng Zhao, announced on March 13 that the exchange will be converting the remaining $1 billion funds in its Industry Recovery Initiative to native crypto amid concerns surrounding stablecoins. This decision was made following the depegging of the USD Coin (USDC) stablecoin caused by the failure of three major crypto-friendly banks - Silicon Valley Bank (SVB), Silvergate Bank, and Signature Bank.

Federal Reserve Gives Consent Order to Silvergate Capital Corporation for Voluntary Self-Liquidation

Federal Reserve Gives Consent Order to Silvergate Capital Corporation for Voluntary Self-Liquidation

The Federal Reserve Board announced a consent order against Silvergate Capital Corporation and its subsidiary Silvergate Bank on Thursday, providing the necessary regulatory supervision for the financial institution's voluntary self-liquidation.

Marathon Digital Overclocks To Get An Edge

Marathon Digital Overclocks To Get An Edge

North America's biggest Bitcoin mining business is overclocking its machines. Overclocking increases a computer's CPU clock speed above its manufacturer's limit. Marathon Digital mined 4,144 BTC in 2022, including 475 in December.

Silvergate Bank Unaffected by Crypto Market Fall: Growth QTD Report

Silvergate Bank Unaffected by Crypto Market Fall: Growth QTD Report

Silvergate Bank, a division of Silvergate Capital Corp, which provides financial services to entities in the digital currency ecosystem, has come off as one of the most impressive crypto-linked stocks in the Quarter-to-Date (QTD) period.

IBC Group Chairman: Cryptocurrency Replacing Bullion Market Just a "Matter of Time"

IBC Group Chairman: Cryptocurrency Replacing Bullion Market Just a "Matter of Time"

IBC Group Chairman, Khurram Shroff, believes that cryptocurrency will one day replace the bullion market which is continuously being thrashed by inflationary headwinds.

MacroStrategy Secures Collateral Loan, Worth $205m from Silvergate Bank for Purchasing Bitcoin

MacroStrategy Secures Collateral Loan, Worth $205m from Silvergate Bank for Purchasing Bitcoin

MacroStrategy, a subsidiary of US-based MicroStrategy, has shown further interest in continuing buying and holding more Bitcoin. The company closes a $205 million Bitcoin-collateralized loan with Silvergate bank to purchase Bitcoin.

Marathon Digital Refinances $100m Credit Facility from Silvergate Bank

Marathon Digital Refinances $100m Credit Facility from Silvergate Bank

Marathon Digital secured another loan deal of $ 100 million to sustain its operations amid the crypto market rout.

Warren Buffett Ditches US Dollar, Bitcoin Price Set to Soar

Warren Buffett Ditches US Dollar, Bitcoin Price Set to Soar

As the US dollar keeps plummeting, Max Keiser revealed that Warren Buffett has moved his assets out of the US market, setting Bitcoin for its next surge.

Bitcoin Outperforms than Commodities in 2021 Amid Dormant BTC Circulation Going a Notch Higher

Bitcoin Outperforms than Commodities in 2021 Amid Dormant BTC Circulation Going a Notch Higher

Bitcoin is the best-performing asset compared to commodities this year BTC with a return of 96%.

Silvergate Bank Earns Nearly $60m in Q1, Net Income Hits $24.7m

Silvergate Bank Earns Nearly $60m in Q1, Net Income Hits $24.7m

American Commercial bank Silvergate Capital, a bank focused on digital currencies, reports financial results for the first quarter of 2022.

Crypto Bank Silvergate Capital Receives Bullish Rating from Wells Fargo

Crypto Bank Silvergate Capital Receives Bullish Rating from Wells Fargo

Despite the plunge in the crypto market, Wells Fargo is confident in Silvergate’s digital assets business. The Wall Street said that strengths in Silvergate should help its shares rise and business grow.

Morgan Stanley Sees Crypto-Focused Bank Silvergate Shares Gain Up To 52% Rise on Positive Business Update

Morgan Stanley Sees Crypto-Focused Bank Silvergate Shares Gain Up To 52% Rise on Positive Business Update

Morgan Stanley believes that the shares of crypto-focused bank Silvergate bank are underrated and gives a fresh valuation of the stocks owned by Silvergate.

Rich Dad Recommends Bitcoin Instead of Real Estate

Rich Dad Recommends Bitcoin Instead of Real Estate

Robert Kiyosaki, popularly known as Rich Dad, has come out openly to denounce real estate as an investment alternative in support of Bitcoin.

Silvergate Bank Hires Aave General Counsel Rebecca Rettig as Board of Director

Silvergate Bank Hires Aave General Counsel Rebecca Rettig as Board of Director

Rettig’s experience includes more than 15 years of experience in the legal arena, having worked for major firms including Cravath, Swaine & Moore LLP, Manatt, Phelps & Phillips LLP, among others.

COVID-19 Pandemic-Induced Crisis is Pushing CBDC Adoption, says Bank of Russia

COVID-19 Pandemic-Induced Crisis is Pushing CBDC Adoption, says Bank of Russia

Financial regulators are keeping a keen eye on central bank digital currencies (CBDCs) because they see them as silver linings.

Cyberport’s flagship VC event returns to guide investors and entrepreneurs in the new normal of tech venturing

Cyberport’s flagship VC event returns to guide investors and entrepreneurs in the new normal of tech venturing

Cyberport Venture Capital Forum (CVCF), Cyberport’s annual tech investment event, will return on 3-4 November. This year’s event will be held in a virtual and interactive format for the first time, covering how the tech venture ecosystem has been reshaped under the new normal for investors, enterprises and technopreneurs. The two-day virtual forum will gather more than 50 global venture capital (VC) experts to examine key silver linings through a plethora of illuminating keynotes and panel discussions. Furthermore, over 80 virtual booths will be set up for start-ups to showcase innovative tech solutions as part of a comprehensive platform to connect start-ups with investors for power pitching and provide extensive opportunities to explore tech venturing dynamics.

First in the World? Lithuania Central Bank Approved Blockchain-based Digital Collectible

First in the World? Lithuania Central Bank Approved Blockchain-based Digital Collectible

Implementing a unique new idea will be the Bank of Lithuania in introducing the world’s first blockchain – based digital coin collectible.

Bank of Lithuania Launches First Blockchain-Based Digital Collector's Coin As Test for CBDC

Bank of Lithuania Launches First Blockchain-Based Digital Collector's Coin As Test for CBDC

The Bank of Lithuania has launched the first central bank-produced digital collectors coin dubbed “LBCOINS” as part of its trial of blockchain technology and testing in its development of central bank digital currencies.

Ethereum Whales are on a Spending Spree as Addresses with at least 10,000 ETH Hit All-Time High

Ethereum Whales are on a Spending Spree as Addresses with at least 10,000 ETH Hit All-Time High

New data by on-chain data provider Santiment reveals that the number of Ethereum addresses with more than 10,000 ETH has broken the record at 1,225.

Litecoin Outperformed Bitcoin in the Recent Crypto Rally: What’s Behind the LTC Price Surge?

Litecoin Outperformed Bitcoin in the Recent Crypto Rally: What’s Behind the LTC Price Surge?

Litecoin, currently ranked the fifth by market capitalization, has recently reached three figures for the first time last week in 16 months.

The Digital Dollar Continues to be Pushed by Former CFTC Chair

The Digital Dollar Continues to be Pushed by Former CFTC Chair

The former US Commodity and Futures Trading Commission (CFTC) Chairman continues to fight for the U.S Dollar to become a digital global force.

German Finance Minister Calls for Speedy Interventions in the Rollout of a Digital Euro

German Finance Minister Calls for Speedy Interventions in the Rollout of a Digital Euro

German Finance Minister, Olaf Scholz, sees the digital euro as an ideal innovation to meet the high demand for digital money from businesses and consumers in Europe.

Bitcoin is in a Temporary Low, Crypto Whales Buy the Dip

Bitcoin is in a Temporary Low, Crypto Whales Buy the Dip

Bitcoin is most likely in a temporary low in but BTC whales are taking advantage of the situation by accumulating more coins.

Bitcoin Futures Open Interest Hit ATH Again as BTC Price Soars by 900% Since 2018

Bitcoin Futures Open Interest Hit ATH Again as BTC Price Soars by 900% Since 2018

Bitcoin futures open interest is back to all-time high once again based on the present price surge which has seen the BTC price gain over 900% since 2018.

Solid Bull Run: Why Ethereum Is Up 50% in 10 Days

Solid Bull Run: Why Ethereum Is Up 50% in 10 Days

Ethereum faced a flash crash on August 1, where it plummeted by approximately $90 from $415 in 5 minutes.

Why Uniswap's First Governance Proposal Failed, Although 98% Were in Favor

Why Uniswap's First Governance Proposal Failed, Although 98% Were in Favor

The first governance vote for decentralized exchange Uniswap has ended in defeat, although the proposal has attracted 98 percent of supporting votes.

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