#SILVERGATE News, Headlines and Posts

#SILVERGATE News

Massachusetts Watchdog Investigating FRC Insider Stock Trades

247wallst.com According to a Thursday report, Massachusetts regulators have opened an investigation into the stock sales made by First Republic Bank’s insiders prior to its failure. First…

Crypto Market March Roundup: Bitcoin Rises Amid Banking Uncertainties, Macro Headwinds

coindesk.com Hear Alex Thorn share his take on "Bitcoin and Inflation: It’s Complicated” at Consensus 2023. Hear Alex Thorn share his take on "Bitcoin and Inflation: It’s Complicated” at…

The safety net for banks

npr.org In the first half of March, three banks - Silicon Valley Bank, Signature Bank, and Silvergate - all had relatively classic bank runs and collapsed. Which sparked some major…

Crypto Markets Rally on Bets Fed Will Slow Pace of Rate Hikes

thedefiant.io Crypto and stocks rallied Friday after the publication of data that show inflation in the U.S. cooling in February. Bitcoin and Ether are up just over 2% after U.S.…

Stocks bounced back this quarter, but it's too early to celebrate

cnn.com After a stormy 2022, US stocks gained during the first quarter of 2023 in a surprise show of resilience despite a banking crisis, cryptocurrency meltdowns and uncertainty…

Explodes 20% Unfazed by Binance-CFTC Lawsuit, Bitcoin Consolidates: This Week’s Crypto Recap

cryptopotato.com The past seven days made for quite an exciting week in the cryptocurrency field, despite the fact that some of the events weren’t particularly positive. However, the market…

First Republic Bank: Fed Strikes Back

seekingalpha.com If a week ago there were still questions about whether First Republic Bank (NYSE:FRC) would be able to avoid a liquidity crisis, then the expansion of various emergency…

DOGE Co-Founder Slams Senator Warren for Building 'Anti-Crypto Army'

u.today IT engineer Billy Markus, who created the original meme token Dogecoin together with Jackson Palmer and is now a major crypto influencer has taken to Twitter to share his…

Widespread Liquidity Woes Threaten Bitcoin, Ethereum's Future

benzinga.com Despite Bitcoin's BTC/USD recent price recovery — crossing the 29,000 mark earlier this week — the cryptocurrency market is still facing challenges. One major issue is the…

1 Year until the Bitcoin halving

cryptoslate.com In this week’s episode of BitTalk, your weekly bite-sized Bitcoin news, we look at CFTC coming after Binance, the potential for Bitcoin ETFs, rate hikes, and Bitcoin…

Questionable Citigroup Loans from FHLB and Credit Suisse's Impending Impact on Eurodollar Network Raises Concerns

themacrolist.com Here is what we will be getting into today: • None How Unrealized Bond Losses are Pushing Regional Banks to the Brink. Title: Citigroups Citibank Took the Largest Amount of…

Crypto Price Alert: BlackRock Issues Stark Fed Warning After Huge Bitcoin And Ethereum Boom

forbes.com Bitcoin , ethereum and other major cryptocurrencies have rocketed higher in the first three months of 2023—with some predicting the huge price rally could just be getting…

The Financial Crisis of 2023: Protecting Big Finance, Coming and Going

nakedcapitalism.com Yves here. Gerald Epstein, who has written regularly about bank regulation and the inadequacy of “reforms” since the 2008 financial crisis, weighs in with his take on the…

Binance FUD Grows as Experts Cry ‘Operation Chokepoint 2.0’

247wallst.com Multiple news stories have simultaneously emerged about the world’s largest crypto exchange – Binance. In what light should investors view them given the ‘Operation…

Banking Sector Wary of Crypto After Silvergate, Signature Closures

cryptopotato.com The United States banking sector is hesitant to do business with crypto firms following the closures of the nation’s most crypto-supportive financial institutions earlier…

Research Firm Breaks Down Impact Of MicroStrategy Purchases On Bitcoin Price

bitcoinist.com A research firm has broken down how the Bitcoin price has reacted to purchases Michael Saylor’s MicroStrategy has made over the years. MicroStrategy’s Bitcoin Purchases Have…

Cryptocurrency Outlook Picks Up Amid Bank Crisis; The Markets Lifting Bitcoin Price Might Surprise You

investors.com After a roller-coaster year filled with arrests, speculation, scams, bankruptcies and billions in value lost, cryptocurrency market experts could hardly wait for boring…

Deception At Its Finest: The Truth Behind The Smoke

datadriveninvestor.com Deception At Its Finest: The Truth Behind The Smoke Over the weekend, a statement was released regarding the critical situation at Credit Suisse, stating that all central…

‘Shop Till You Drop’: Rich Dad Poor Dad Author Explains Why Now’s A Great Time To Buy Bitcoin

zycrypto.com Robert Kiyosaki, the best-selling author of Rich Dad Poor Dad and American businessman, has pinpointed key reasons for purchasing bitcoin right now. In a March 29 Twitter…

FDIC Chair Grilled Over Crypto-friendly Bank Takeovers

blockworks.co Around $4 billion in deposits tied to Signature Bank’s crypto business are set to be returned next week amid growing scrutiny around the Federal Deposit Insurance…

Amid the Failures, Who Is Providing Banking Services to Crypto?

financemagnates.com p>The banking industry is facing instability, and in the US, problems became clearly visible when three crypto-friendly banks ran into trouble earlier this month. These…

Signature’s Crypto Clients Told to Close Accounts by FDIC Before April 5th

247wallst.com According to a Tuesday report, Signature Bank’s cryptocurrency clients were told by the Federal Deposit Insurance Corporation to close their accounts by April 5th. All…

FDIC Seeks Buyer for Signature’s Signet Crypto Platform

pymnts.com Federal regulators want to sell Signet, the failed Signature Bank’s real-time cryptocurrency payment network. A Federal Deposit Insurance Corp. (FDIC) spokesperson told…

Why is Silvergate Bank still listed on the NYSE?

protos.com Silvergate Bank announced its voluntary liquidation and said that it would soon be closing as a bank — so why is it still trading on the New York Stock Exchange (NYSE) and…

The Short-Sightedness of Run-Amok Regulators

coindesk.com And if they are, the nation’s federal and state regulators are doing a huge disservice to investors, hindering American innovation and inflicting long-term damage on the U.S…

Signature Bank Gets April 5th Deadline From FDIC for Crypto Clients to Withdraw Funds

watcher.guru Following the bank’s closure last month, Signature Bank has set an April 5 deadline for crypto clients to withdraw funds. Specifically, the FDIC will begin account closures…

Signature Bank Crypto Clients Rush Against Time As FDIC Sets Deadline For Account Closure

bitcoinist.com Signature Bank has given cryptocurrency companies and depositors a deadline of April 5 to withdraw their funds, as their deposits were not included in a rescue deal recently…

Stablecoins are solution to crypto’s banking problem, exec says

cointelegraph.com The collapses of banks like Silvergate have certainly impacted cryptocurrency exchanges but there are ways for the industry to survive without the support of banks, one…

Crypto Interest in Singapore Remains Strong Despite Layoffs and MAS Restrictions

beincrypto.com Despite high-profile bankruptcies and a weak overall market, many crypto investors in Singapore remain steadfast. However, overall confidence has taken a hit, according to a…

Bitcoin climbs 5% above $28,000 as investors shrug off regulatory crackdowns

cnbc.com Bitcoin is up 50% so far in 2023, beating major commodities and stock indexes. Industry insiders said the bank collapses have sent investors looking for alternatives to the…

Bitcoin price rally may not last now, but should in the long run, Wintermute CEO says

theblock.co Bitcoin prices are heading higher as equities lag and U.S. banks weather a crisis, but it’s too soon to say how long the rally will last, according to Wintermute CEO Evgeny…

Signature Bank’s Crypto Clients Must Close Accounts Within A Week

cryptopotato.com The notice comes after NYCB’s purchase of most of Signature’s deposits and loans. After Signature was placed in receivership by the FDIC, the process of bidding for its…

Analysis

washingtonpost.com When Signature Bank of New York was taken into receivership this month, depositors as far away as Arkansas, Georgia and Ohio took fright. That’s because there are four…

'Dr. Doom' economist Nouriel Roubini says the crypto industry is a 'total criminal enterprise' riddled with market manipulation

businessinsider.com Nouriel Roubini economics professor at New York University attends 48th edition of Economic Forum of Cernobbio on September 02, 2022 in Cernobbio, Italy. Photo by Pier Marco…

Crypto Banking Rules Could Be Modified If Market Reacts, Basel Committee Chair Says

coindesk.com Explore the policy fallout from the 2022 market crash, the advance of CBDCs and more. Explore the policy fallout from the 2022 market crash, the advance of CBDCs and more.…

The U.S. drops the hammer on Binance: What it means and what we still don't know

fortune.com The feds sued Binance on Monday, and the lawsuit is a doozy. In a 74-page complaint, the Commodities and Futures Trading Commission accused the world’s biggest…

9 questions about Silicon Valley Bank’s collapse, answered

vox.com The bank is closed. | Justin Sullivan/Getty Images Tech’s favorite bank just failed. What does that mean for you? If you work in tech, you had probably heard of Silicon…

Circle Stablecoin USDC Launches On Cosmos

blockworks.co Shortly after coming out of stealth, token protocol Noble has announced it has partnered with Circle to bring USD Coin (USDC) natively to the Cosmos ecosystem. USDC is the…

Banking Regulators Prepare for Tough Questions from Lawmakers

nytimes.com Three top officials will testify in Congress about the turmoil caused by the collapse of Silicon Valley Bank, and their role in it. Starting on Tuesday, representatives from…

UK government drops plans for NFT made by Royal Mint

theguardian.com The UK government has dropped its plans to produce a non-fungible token for sale through the Royal Mint, just under a year after it first announced the project. In response…

Cathie Wood’s Ark continues its Coinbase and Block buying spree

theblock.co Cathie Wood's Ark Invest continued its Coinbase and Block buying spree, scooping up tens of thousands of shares in the tech growth names on Monday. The firm — which is known…

First Mover Asia: China’s State-Owned Banks Are Soliciting Hong Kong Crypto Business, but Opening an Account Is Hard

coindesk.com The question on the traders' minds is how much of a going concern Binance is now that the CFTC has struck this blow. On the one hand, Binance’s CEO called the CFTC complaint…

Michael Saylor's MicroStrategy snaps up another 6,455 bitcoin as token rallies, bringing its total holdings to $3.88 billion

businessinsider.com MicroStrategy bought 6,455 bitcoins for about $150 million in the last five weeks, an SEC filing showed. • That brings the firm's total bitcoin holdings to 138,955 tokens,…