Silvergate Bank

Finance

The Peter Thiel-backed company made a contrarian bet on Silvergate in November when its exposure to FTX’s collapse first became known.

By Helene BraunMar 9, 2023

Opimas LLC CEO and founder Octavio Marenzi discusses the crypto market impact of the Silvergate Bank turmoil saying, "the markets reacted with a big yawn." He adds that the macroeconomic backdrop, with U.S. Federal Reserve Chair Jerome Powell saying interest rate hikes are not finished, "is definitely having a bigger effect on crypto markets more generally."

Mar 9, 2023

Silvergate Bank is planning to wind down its operations, roughly a week after the crypto-friendly bank said it would have to delay filing its annual 10-K report due to questions from its auditors. Bianco Research, LLC President and Macro Strategist Jim Bianco weighs in on these developments. "Silvergate had to be perfect because of the industry they were in," Bianco said. "They weren't and they've paid a heavy price for it."

Mar 9, 2023

CoinDesk Global Policy and Regulation Managing Editor Nikhilesh De discusses the impact of Silvergate Bank’s collapse on Signature Bank, another crypto-friendly bank in the space. This comes as Coinbase recently said it would no longer use Silvergate to facilitate dollar payments for its institutional customers and will now use Signature Bank for payments.

Mar 9, 2023

Bitcoin slipped below $22,000 as investors grow anxious of Silvergate Bank’s decision to wind down operations amid worsening macroeconomic conditions. Opimas LLC CEO and founder Octavio Marenzi discusses the market reaction to Silvergate Bank’s liquidation plans.

Mar 9, 2023

Silvergate Bank will "voluntarily liquidate" its assets and wind down operations, its holding company, Silvergate Capital (SI), said Wednesday. Bianco Research, L.L.C. President and Macro Strategist Jim Bianco discusses the latest blow to the crypto industry and its impact on the markets. Plus, his reaction to CoinDesk reporting that JPMorgan is ending its banking relationship with Gemini, the cryptocurrency exchange owned by Cameron and Tyler Winklevoss.

Mar 9, 2023

Markets

The latest price moves in crypto markets in context for March 9, 2023.

By Lyllah Ledesma, Omkar GodboleMar 9, 2023

Finance

The bank was a major player in the business of moving money in and out of crypto.

By Will CannyMar 9, 2023

Finance

The exchange’s current EUR banking partner is only accessible to users based in the European Economic Area (EEA).

By Sam ReynoldsMar 9, 2023

Policy

The bank revealed last Wednesday it would have to delay filing its annual 10-K report due to questions from its auditors.

By Nikhilesh DeMar 9, 2023