Silvergate

Banks Welcome Crypto Firms After Signature/Silvergate Downfall
Banks Welcome Crypto Firms After Signature/Silvergate Downfall
March 27, 2023  |  Cryptocurrency

Cryptocurrency firms left bankless following the downfall of two industry lenders have found new homes. That’s according to a Monday (March 27) report by the Wall Street...

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Bankman-Fried’s Billions Mirror the Oversight Gaps Torching the Banking Sector 
Bankman-Fried’s Billions Mirror the Oversight Gaps Torching the Banking Sector 
March 16, 2023  |  Cryptocurrency

At least one person might be relieved, if not exactly happy, that the banking system is melting. All of a sudden, Sam Bankman-Fried’s alleged misdeeds...

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For Banks, Guaranteeing 100% of Everyone’s Money Threatens Moral Hazard 
For Banks, Guaranteeing 100% of Everyone’s Money Threatens Moral Hazard 
March 15, 2023  |  Regulation

There are no guarantees in life, except for insuring bank deposits up to $250,000. Or maybe more. In just about a week, three banks have...

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SVB and Signature Bank Passed KPMG Audits Days Before Collapses 
SVB and Signature Bank Passed KPMG Audits Days Before Collapses 
March 14, 2023  |  Digital-First Banking

When it comes to banking, compliance is king. That makes proper accounting and internal controls queen, at the very least. This, as the collapse of Silicon...

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First Republic Bank Says It’s Seeing ‘Business as Usual’
First Republic Bank Says It’s Seeing ‘Business as Usual’
March 13, 2023  |  Digital-First Banking

First Republic Bank is reportedly seeing “business as usual” after bank failures of recent days. CNBC reported Monday (March 13) that First Republic Bank Executive Chairman Jim Herbert...

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Crypto Firms Seek Non-US Banks After SVB/Signature Collapses
Crypto Firms Seek Non-US Banks After SVB/Signature Collapses
March 13, 2023  |  Cryptocurrency

Cryptocurrency firms are seeking banking services outside the U.S. following the collapse of three major lenders. “The two biggest crypto friendly banks are gone,” crypto hedge fund executive Marco...

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Ongoing Crypto Crackdown Foreshadows Industry’s Uncertain Future
Ongoing Crypto Crackdown Foreshadows Industry’s Uncertain Future
March 03, 2023  |  Cryptocurrency

The cryptocurrency sector has yet to pull the proverbial magic rabbit from its top hat. The audience, having purchased tickets to the show, are now...

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Silvergate’s Crisis Gives Regulators Ammunition to Keep Crypto from Mainstream Banking 
Silvergate’s Crisis Gives Regulators Ammunition to Keep Crypto from Mainstream Banking 
March 02, 2023  |  Cryptocurrency

Silvergate’s existential crisis may give regulators the ammunition they need to keep crypto and mainstream banking separate. As reported here, Silvergate Capital said in a U.S. Securities...

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Report: Signature Bank Puts $100K Minimum on Crypto Transactions
Report: Signature Bank Puts $100K Minimum on Crypto Transactions
January 23, 2023  |  Cryptocurrency

Signature Bank has reportedly placed a new threshold on the cryptocurrency transactions it will handle. According to crypto exchange Binance, the bank will stop supporting...

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