Signature Bank


Videos

Crypto Bank Silvergate Shutdown: 3 Key Takeaways

The crypto meltdown has claimed its first big casualty in the mainstream financial system. California-based Silvergate Bank plans to "voluntarily liquidate" its assets and wind down operations. Here are three key things to know about the company’s unwinding and what it means for the crypto industry and beyond.

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Finance

OKX-Affiliated Okcoin Pauses USD On-Ramp Due to Signature Bank’s Collapse

CEO Hong Fang tweeted that customer deposits are safe and USD withdrawals aren't affected.

(Pixabay)

Finance

TrueUSD Says ‘Small Number’ of Users Impacted by Signature Bank Closure

Stablecoin issuer says USD funds held at Signature bank are now fully backstopped by Fed.

Signature Bank logo (SignatureNY.com)

Policy

Circle Scrambles to Right USDC After Signature Bank Failure

Circle Internet Financial is racing to find new banking partners for its USDC stablecoin.

CEO Jeremy Allaire's Circle is part of the consortium behind USDC. (Danny Nelson/CoinDesk)

Policy

Crypto-Friendly Signature Bank Shut Down by State Regulators

Signature said it intended to limit its crypto exposure last year.

(SignatureNY.com, modified by CoinDesk)

Markets

Scrutiny Falls on $43B USDC Stablecoin’s Cash Reserves at Failed Silicon Valley Bank

Circle’s USDC, the second-largest stablecoin, with $43 billion market capitalization, held an undisclosed part of its $9.8 billion cash reserves at failed Silicon Valley Bank.

(Sandali Handagama/ CoinDesk)

Opinion

How U.S. Judges Might Save Crypto From the SEC

Separation-of-powers offers hope to an industry under attack from unchecked executive power, says Michael Casey, CoinDesk's chief content officer.

(Rachel Sun/CoinDesk)

Markets

Signature Bank Stock Down 12% in Volatile Action as Sell-Off Continues

The broader banking sector is down another 4% on Friday.

(SignatureNY.com, modified by CoinDesk)

Videos

Silvergate Bank's Collapse Explained

Former Paxos Head of Portfolio Management and Columbia Business School Adjunct Professor Jesse Austin Campell joins “All About Bitcoin” to discuss the circumstances that caused the collapse of Silvergate Bank and what the liquidation process means for its customers. Plus, insights on how Signature Bank may be impacted by the fallout of its biggest competitor.

Recent Videos

Opinion

4 Potential Winners of the Silvergate Unwind

The collapse of crypto's most visible bank could be an opportunity for stablecoins and other financial-services providers.

Is there a silver lining to the fall of Silvergate? (Pawel Czerwinski/Unsplash)