Silvergate Bank
Brian Brooks Reacts to Silicon Valley Bank, Silvergate Implosions
The collapse of Silvergate, Signature, and Silicon Valley Bank has prompted crypto advocates to question whether regulators in the country are using a banking crisis to unfairly target the crypto industry, inspiring the hashtag #OperationChokePoint2. Brian Brooks, Bitfury Board Member and former CEO, Valor Capital Group Partner and former Acting Comptroller of the Currency, reacts to the fall of three crypto-friendly U.S. banks and the implications for the state of crypto.
When Will Crypto Learn From the Mistakes of Banks?
It’s time to bring the lessons of TradFi to crypto’s shadow banks, unregulated custodians and offshore exchanges before another FTX or Silvergate failure.
Crypto Must Do Better to Be Banked, Say Industry Executives
The downfall of Silvergate, Signature and Silicon Valley banks have wounded digital assets. But crypto might one day work with big banks if the industry can mature, WAX CEO William Quigley and Maicon CEO Alex Liu suggested.
Should I Keep My Money in Bitcoin or a Bank?
The U.S. government is in the business of bailing out banks. But some people prefer to keep cash under the mattress.
Silicon Valley Bank Collapse: Crypto Impact and What's Next
The abrupt collapse of the Silicon Valley Bank and Signature Bank prompted U.S. regulators to impose emergency measures to protect depositors. This comes on the heels of crypto-friendly Silvergate Bank’s shutdown in the same week. Here’s a look at how SVB’s closure is sending ripple effects across the crypto industry, and what’s to come.
Signature Bank’s Signet Platform Still Works, but Some Clients Have Moved On
The real-time payments platform, popular with crypto businesses, will continue to be offered under the newly established Signature Bridge Bank entity, a source told CoinDesk.
Banking Crisis Won’t Kill Crypto Banking Despite Short-Term Pain
From alternative banks to on-chain banking, crypto banking still has plenty of options, experts say.
Bitcoin Was Built for This Moment
Amid a U.S. banking crisis, value is flowing into bitcoin. Is this the beginning of the “Great Reset?” investor and author Tatiana Koffman asks.
BlockTower Capital Funds Had Exposure to Silvergate, Signature Bank
Silvergate Bank announced a voluntary liquidation last week. Signature Bank was taken over by regulators on Sunday.
IMF Had Warned G-20 That Widespread Crypto Use Could Impact Banking Sector
The International Monetary Fund's report on "Macrofinancial Implications of Crypto Assets," given to the G-20 in February during a meeting in India, was made public on Monday, days after the collapse of crypto-friendly banks Signature Bank, Silicon Valley Bank, and Silvergate Bank. "The Hash" panel discusses the significance of the report, as the IMF had warned the Group of 20 (G-20) nations that the widespread proliferation of crypto assets could lead to banks losing deposits and curtailing lending.