The Latest Breaking News from Silvergate

Crypto’s favorite bank is on the brink. What happens if Silvergate fails?

Silvergate's collapse is a cautionary tale to the industry—and to regulators.

Fortune · Mar 4, 2023

Bitcoin falls 5% overnight to $22,300—after touching $25,000 last month—as Silvergate troubles weigh on price

The cryptocurrency briefly broke $25,000 just last month.

Fortune · Mar 3, 2023

Bitcoin sinks to two-week low as Silvergate fallout hurts crypto

NEW YORK: Bitcoin dropped to the lowest level in about two weeks, part of a wider retreat in crypto markets as investors digested the unraveling of a key industry payments network.

The Times of India · Mar 3, 2023

The banking industry is turning its back on crypto, adding insult to injury for the reeling sector

Signature is the latest crypto bank to pull back its services.

Fortune · Jan 23, 2023

Crypto bank Silvergate reports $1 billion loss

The company's share price has plummeted following the collapse of its client, FTX.

Fortune · Jan 17, 2023

Silvergate forced to cover $8bn worth of crypto-related withdrawals

The US bank was forced to sell $5.2bn worth of assets for cash and booked a loss of $718m on those sales

The Guardian - UK · Jan 5, 2023

Silvergate Capital faces questions from lawmakers amid FTX crypto exchange collapse

San Diego's Silvergate Capital made its name in recent years as one of a few traditional banks providing deposit, fund transfer, security and other services for the cryptocurrency trading market.

Tribune News Service · Dec 13, 2022

FTX's implosion raise questions about Genesis, Crypto.com, and Silvergate

BlockFi is likely the just first of some big dominoes to fall in the wake of the FTX collapse. Here are some others to watch.

Fortune · Nov 21, 2022

Stablecoin issuers seek bank licenses to reassure customers

WASHINGTON — Firms that issue or trade stablecoins are looking to secure banking licenses, largely as a signal to customers that the coins are safe as bank deposits.

Tribune News Service · Apr 5, 2022

Stablecoin issuers seek bank licenses to reassure customers - Roll Call

Firms that issue or trade stablecoins are looking to secure banking licenses, largely to signal that the coins are safe as bank deposits.

Roll Call · Apr 5, 2022