Silvergate Bank


Vídeos

Circle Becomes First Stablecoin Issuer to Get MiCA License; Polymarket Hits $100M of Volume in June

"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines in the crypto industry today, as Circle became the first global stablecoin issuer to comply with the EU's MiCA regulatory framework. Plus, Polymarket recorded over $100 million of volume in June on U.S. election enthusiasm. And, Silvergate Bank's $63 million settlement with regulators.

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Regulación

Crypto-Friendly Silvergate Bank Pays $63M to Settle Charges With SEC, Fed, California Regulator

Silvergate's executives were aware of 'critical deficiencies' in the bank's anti-money laundering protections, the SEC alleged.

Silvergate Bank collapsed in 2023. (Will Foxley/CoinDesk)

Regulación

Fed Report: Silvergate Bank Got Fatally Ensnared in Crypto While Examiners Shrugged

The Federal Reserve's inspector general studied the bank’s collapse and concluded the Fed’s examiners failed to quickly flag its problems and managers were “ineffective.”

(Jesse Hamilton/CoinDesk)

Finanzas

The Short-Sightedness of Run-Amok Regulators

Ric Edelman, founder of the Digital Assets Council of Financial Professionals, talks about a key reason why crypto’s future looks bleaker: an apparent effort to cut it off from U.S. banks.

(EschCollection/GettyImages)

Vídeos

CFTC Sues Binance and Founder Changpeng Zhao; Microstrategy Pays off Silvergate Loan

Crypto exchange Binance and founder Changpeng Zhao are being sued by the Commodity Futures Trading Commission (CFTC) over allegations that the company knowingly offered unregistered crypto derivatives products in the U.S. against federal law. Separately, a filing with the SEC shows that MicroStrategy (MSTR) prepaid the remaining principal on its $205 million loan from failed Silvergate Bank.

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Regulación

U.S. Bank Regulators Investigating Leaders of the Failed Tech Banks

FDIC chief Martin Gruenberg said a probe is underway as he and Fed Vice Chairman Michael Barr get set to tell U.S. senators what went on at Silicon Valley Bank, Signature Bank and Silvergate Bank.

Martin Gruenberg, chairman of the Federal Deposit Insurance Corp.  (Alex Wong/Getty Images)

Opinión

Bank Consolidation Threatens Freedom, Makes Case for Bitcoin

The biggest threat from the banking crisis triggered by this month’s collapse of Silicon Valley Bank might not lie in the potential for depositors to lose their savings but in the censorship power that massive banks are now accumulating as customers move their money.

(Too Big to Fail/ HBO Films)

Finanzas

Crypto Is the Solution to Bank Runs, Not the Cause

Self-custody, transparency and immediate settlement are just a few ways that crypto could prevent loss of funds.

(Mitshu/Getty Images)

Mercados

Bitcoin Emerges as Safe Haven as Traditional Finance Faces Turmoil

Conflicting data creates the question of how the Fed will react to both rising inflation and failing banks - and whether bitcoin will be a lifeboat.

(Rob Pumphrey/Unsplash)