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In the wake of Silvergate’s collapse, Silicon Valley Bank entering receivership and another bank following in SVB’s footsteps, startups and other companies directly affected by these events are struggling to manage their payroll and other obligations while credit facilities are frozen. [read post]
12 Mar 2023, 9:29 am by Tom Smith
This came days after Silvergate Capital announced it is liquidating its bank. [read post]
12 Mar 2023, 4:35 pm by lennyesq
The stock had fallen nearly 40% this year after its crypto banking peer Silvergate Capitalliquidated its bank. [read post]
28 Mar 2023, 8:11 am by Silver Law Group
Silvergate and Signature were two of the main banks for the cryptocurrency industry in the US. [read post]
13 Sep 2023, 4:03 am by Kevin LaCroix
(If you include the securities suit that was filed against Silvergate Bank in December 2022, you could say there have been eight securities suits arising out of the banking crisis). [read post]
28 Sep 2023, 7:21 pm by Sabrina I. Pacifici
Finally, management’s ineffective communication about the bank’s financial moves, coupled with news of Silvergate Bank’s liquidation, led to a $40 billion run on deposits with additional withdrawal requests totaling $100 billion that SVB could not meet. [read post]
12 Mar 2023, 1:25 pm by Jack Bogdanski
Silvergate had run into similar trouble around the first of the year. [read post]
12 Mar 2023, 5:54 pm by Jack Bogdanski
I can't seem to find any update on how much help, if any, this week's other failed bank, Silvergate, will get. [read post]
6 Aug 2023, 6:33 am by Kevin LaCroix
(If you include the securities suit that was filed against Silvergate Bank in December 2022, you could say there have been seven securities suits arising out of the banking crisis). [read post]
12 Mar 2023, 6:42 am by Kevin LaCroix
While it has been about two and a half years since a U.S. bank has failed, SVB’s closure comes close on the heels after the announcement earlier last week that the crypto bank Silvergate was winding down operations and voluntarily liquidating. [read post]
27 Mar 2023, 9:05 pm by renholding
” Customers fled, with the bank run quickly followed by a free-fall bankruptcy. [read post]
25 Oct 2023, 9:01 pm by renholding
Bank supervision is critically important for the stability of the banking sector. [read post]
14 Aug 2010, 6:33 am by Norm Pattis
We're enraged, most of us, that these banking bandits pulled this off and still got a free ride from the government. [read post]
5 Nov 2016, 7:07 am by Arina Shulga
  WeFunder is working with BitPay and Silvergate Bank to facilitate this process, and has already had over $50,000 worth of Bicoin come in. [read post]
29 Mar 2023, 11:15 am by Guest Author
Banks like SVB and Signature, and the much-smaller Silvergate, smartly focused on fast-growing, underserved, politically salient sectors and regions, and cultivated a political base alongside their customer base. [read post]
10 Dec 2023, 9:36 am by Jonathan Bench
Silvergate, a crypto-centric bank, led the way with its shutdown announcement on March 8. [read post]
30 Mar 2023, 8:30 am by Silver Law Group
But other lesser-known cryptocurrency platforms have also failed in the last year: Blockfi Celsius Network Core Scientific Genesis Global Capital Three Arrows Capital Voyager Digital This doesn’t include the recent failures of Signature Bank, Silicon Valley Bank, and Silvergate Bank, which were also heavily invested in crypto. [read post]
8 Nov 2022, 1:03 pm by Adam Levitin
They are either held at Prime Trust, LLC, a Nevada trust company, for the benefit of Binance's customer or in an omnibus BAM Fiat Wallet account at Silvergate Bank, which is supposed to be eligible for FDIC pass-through insurance. [read post]
14 May 2021, 7:51 am by Kristian Soltes
Government to Cap Bank Interchange Fees for Businesses in New LawRadio New Zealand – May 12, 2021 The government is introducing regulations to reduce the fees banks charge businesses when customers use credit or debit cards. [read post]