According to a U.S. Securities and Exchange Commission filing released Tuesday (Aug. 15), the chief executives of failed Silvergate Capital are leaving the company. Silvergate Capital President and Chief Executive Officer Alan J. Lane and Chief Legal Officer John M. Bonino will both depart from their positions effective Tuesday....
Cryptocurrency companies have widened their search for banking partners after the collapse of two crypto-friendly banks. Some regional banks in the United States, payment service providers in the United Kingdom, and Swiss and Asian banks are filling the gap left after the collapse of Silvergate...
Crypto, once the cool kid, is now the one no one wants to play with. A lot has changed over the course of the past year, none of it very good for the digital asset industry. Now, the sector increasingly finds itself without the critical...
The American partner of Binance is reportedly struggling to find a bank for its customers. The problem began following the downfall of Signature Bank and Silvergate Capital, two banks that catered to the cryptocurrency industry, The Wall Street Journal reported Sunday (April 9), citing sources...
March 08, 2023
One crypto bank is no more — and one wonders what’s next for the crypto banking business model itself. To that end, Silvergate Capital said Wednesday night (March 8) that it would wind down operations and voluntarily liquidate Silvergate Bank. And in the release announcing the wind-down, the company said it is “considering how to best […]
November 03, 2023
With technology increasing the risk of bank runs, central banks must ensure that banks maintain appropriate liquidity insurance. So said Andrew Hauser, executive director for markets at the Bank of England, during a Friday (Nov. 3) speech at King’s College London. As an example of that risk, Hauser pointed to the bank runs seen in […]
August 16, 2023
According to a U.S. Securities and Exchange Commission filing released Tuesday (Aug. 15), the chief executives of failed Silvergate Capital are leaving the company. Silvergate Capital President and Chief Executive Officer Alan J. Lane...
June 09, 2023
Cryptocurrency companies have widened their search for banking partners after the collapse of two crypto-friendly banks. Some regional banks in the United States, payment service providers in the United Kingdom,...
April 09, 2023
The American partner of Binance is reportedly struggling to find a bank for its customers. The problem began following the downfall of Signature Bank and Silvergate Capital, two banks that...
