#silvergate bank

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Digital Currency Group Invests in Bitcoin-Friendly Silvergate Bank - CoinDesk

Cryptocurrency VC firm Digital Currency Group has confirmed an investment in bitcoin startup-friendly Silvergate Bank.

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Fed inspector blames crypto focus, nepotism for Silvergate Bank collapse

An investigation into Silvergate Bank found that its collapse was brought about by a dependency on crypto deposits and “ineffective” senior management.

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Warren’s alleged work with short-seller shows anti-crypto army heating up

Elizabeth Warren reportedly took advice from Wall Street short-seller Marc Cohodes, who cashed in on the collapse of Silvergate and Signature banks.

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Breaking: Binance Commingled User Funds Daily In Silvergate Bank Accounts – Reuters | Coingape

The world’s largest crypto exchange Binance commingled billions in user funds with its revenue in 2020 and 2021, three sources familiar with the matter. The exchange earlier admitted to mistakenly mixing consumer funds with B-token reserves. The commingling of funds happened almost daily in accounts held at US-based crypto-friendly bank Silvergate Bank. The sums of The post Breaking: Binance…

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US Bank Failures Shock Regulators

The New York Department of Financial Services and the US Federal Reserve Board have published their internal reviews on the handling of Signature Bank and Silicon Valley Bank’s failures. The string of bank failures, including Silvergate Bank’s voluntary liquidation, has prompted regulators to re-evaluate their supervision. (Read More)

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Crypto-friendly Cross River Bank under fire from FDIC, details inside

New Jersey-based crypto-friendly Cross River Bank has received a consent order from FDIC even as reportedly, the action isn’t tied to its crypto activities.

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Crypto firms Turn to Swiss Banks After Silvergate and Signature Fall

Two of the biggest crypto-friendly banks were shut down earlier this month in the US – Silvergate Capital and Signature Bank. As the US regulators tighten their grip on banking institutions, crypto firms have been looking for banking partners elsewhere. As per the latest CNBC report, most of these crypto firms have turned to crypto-friendly Swiss banks while flooding them with requests for…

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Australian Bankers Association cost of living probe shows bank pressure

The Australian Bankers Association (ABA) has launched a cost of living review to determine how the COVID-19 epidemic, global supply chain restrictions, geopolitical tensions, and other factors have raised Australia’s already high cost of living. The research will examine Australia’s economic policies and ways to cut living costs. (Read More)

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