Silvergate Capital

Report: US Prosecutors Looking Into What Silvergate Knew of FTX
Report: US Prosecutors Looking Into What Silvergate Knew of FTX
February 02, 2023  |  Cryptocurrency

U.S. prosecutors are reportedly examining Silvergate Capital’s hosting of accounts for FTX and Alameda Research. Bloomberg reported Thursday (Feb. 2) that the probe centers on...

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Crypto Bank Silvergate Says Genesis Exposure ‘Minimal’
Crypto Bank Silvergate Says Genesis Exposure ‘Minimal’
January 22, 2023  |  Cryptocurrency

Crypto-centric bank Silvergate said its exposure to bankrupt lender Genesis has been limited. The bank made this announcement in an update Friday (Jan. 20), one...

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Silvergate and Signature Banks Tap FHLB Funds for Crypto Lending
Silvergate and Signature Banks Tap FHLB Funds for Crypto Lending
January 22, 2023  |  Cryptocurrency

Two cryptocurrency-sector banks have turned to the federal mortgage system to ease customer withdrawals. Silvergate Capital and Signature Bank have borrowed billions from Federal Home...

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US Seizing Shares and Accounts Linked to FTX
US Seizing Shares and Accounts Linked to FTX
January 04, 2023  |  Cryptocurrency

The United States is seizing assets that are linked to bankrupt crypto exchange FTX. The Wall Street Journal (WSJ) reported Wednesday (Jan. 4) that the...

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Crypto Winter Causes Crypto-Friendly Bank Deposits to Drop
Crypto Winter Causes Crypto-Friendly Bank Deposits to Drop
December 26, 2022  |  Cryptocurrency

This year’s crypto winter has begun to impact banks that deal with digital assets. That’s according to a recent report by S&P Global, which said...

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Senators Ask Regulators About Bank-Crypto Firm Ties
Senators Ask Regulators About Bank-Crypto Firm Ties
December 08, 2022  |  Cryptocurrency

Two senators are asking regulators about links between banks and cryptocurrency firms.  In letters sent Wednesday (Dec. 7) to the heads of the Federal Reserve...

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Signature Bank Tries to Distance Itself From Crypto
Signature Bank Tries to Distance Itself From Crypto
December 06, 2022  |  Cryptocurrency

Signature Bank is reportedly reducing its cryptocurrency exposure after having courted the industry.  The Financial Times reported Tuesday (Dec. 6) that while 23% of the...

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Alameda Bank Accounts Linked FTX to Customers
Alameda Bank Accounts Linked FTX to Customers
November 28, 2022  |  Cryptocurrency

FTX mingled customer and business funds to access regulated banks, according to a new report. When now-bankrupt FTX couldn’t access regulated banks because the banks...

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Facebook Unloads Crypto Unit Diem to Silvergate Capital for $200M
Facebook Unloads Crypto Unit Diem to Silvergate Capital for $200M
January 27, 2022  |  Facebook

Facebook is unloading its cryptocurrency unit, Diem Association, to Silvergate Capital for an estimated $200 million, The Wall Street Journal (WSJ) reported Thursday (Jan. 27), citing...

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