Silvergate Bank


Finance

Crypto Stakeholders Say No Exposure to Shuttered Silvergate

Binance, Coinbase, OKX, and Paxos have all released statements regarding their exposure to Silvergate.

(CoinDesk)

Finance

Signature Bank, Stablecoins Might Benefit From Silvergate Exchange Network's Demise

The bank’s exchange network, SEN, had a simple premise and played a crucial role from its inception in 2018 through its shutdown on Friday. Analysts and experts are handicapping what might fill the void.

(Kevin Ross/CoinDesk)

Videos

White House ‘Aware Of’ Silvergate Situation, Spokeswoman Says

White House press secretary Karine Jean-Pierre said the Biden administration is monitoring Silvergate Bank's (SI) situation, comparing it with those at other crypto companies and saying President Joe Biden has called on Congress to take action in this area. CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De discusses Jean-Pierre's comments.

Recent Videos

Finance

Dapper Removes ACH Withdrawal Option, Citing Circle

Wire transfer and USDC remain an option for Dapper users.

Circle CEO Jeremy Allaire (Danny Nelson/CoinDesk)

Opinion

Crypto’s Banking Problem Is Not Ironic

Call it Choke Point 2.0, debanking or whatever, the crypto industry’s problems with the banking industry show why the banking industry needs reform.

(Getty Images)

Markets

21.co CEO Sees ‘No Material’ Impact on Bitcoin Following Silvergate’s SEN Platform Closure

Hany Rashwan, co-founder of the Zug, Switzerland-based ETP provider, says bitcoin’s price is being driven by more macroeconomic factors, including inflation and East Asian traffic.

(White.Rainforest ™︎ ∙ 易雨白林./Unsplash)

Videos

Bitcoin Trading Flat as Silvergate Closes SEN Platform

Bitcoin (BTC) hovered above $22,400 as Silvergate Bank, which warned last week about its ability to remain in business, discontinued its SEN platform that institutions used to move money to crypto exchanges. 21.co co-founder and CEO Hany Rashwan joins "First Mover" to discuss. Plus, insights on the macroeconomic conditions as investors are “not out of the woods" regarding inflation just yet.

Recent Videos

Finance

Crypto Banking Firm BCB Prepares U.S. Dollar Payments to Plug Silvergate Gap

BCB Group CEO Oliver von Landsberg-Sadie said he hopes to have dollar fiat-to-crypto rails in place and ready to go live early in the second quarter.

BCB Group founder and CEO Oliver von Landsberg-Sadie (BCB Group)

Policy

The Rise and Fall of Silvergate’s Crypto Business

The bank’s own data shows the rapid acceleration of its novel crypto-banking business and how leaning into digital assets made it vulnerable to the industry’s drama.

(Charlotte Harrison/Unsplash, modified by CoinDesk)

Markets

First Mover Americas: Crypto Markets Sinking on Silvergate

The latest price moves in crypto markets in context for March 3, 2023.

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