contagion

Coindesk placeholder image
Crypto Bank Silvergate Shutdown: 3 Key Takeaways
The crypto meltdown has claimed its first big casualty in the mainstream financial system. California-based Silvergate Bank plans to "voluntarily liquidate" its assets and wind down operations. Here are three key things to know about the company’s unwinding and what it means for the crypto industry and beyond.
Coindesk placeholder image

CDCROP: Paraguay's parliament (Eliza Gkritsi/CoinDesk)
Bitcoin Miners’ High Hopes for Latin America Dented by Paraguay
The industry’s potential in the region was touted at a conference in Cancun, Mexico, last month, but a crypto mining-friendly bill in Paraguay was shot down last week.
CDCROP: Paraguay's parliament (Eliza Gkritsi/CoinDesk)

CDCROP: Hand up stop no more halt (Nadine Shaabana / Unsplash)
FTX Contagion Revives Dreaded 2022 Crypto Knell – the ‘Withdrawal Halt’
The downfall of the FTX exchange has caused a domino effect: a growing list of crypto firms, such as BlockFi and Genesis, halting withdrawals. CoinDesk counted 16 of these announcements just this year.
CDCROP: Hand up stop no more halt (Nadine Shaabana / Unsplash)

CDCROP: Wildfires Return to Southern California (David McNew/Getty Images)
Crypto Markets Are Suffering – but Is It Really ‘Contagion’?
Sure, this crypto credit contagion is bad, but it’s unlikely to spread to other markets.
CDCROP: Wildfires Return to Southern California (David McNew/Getty Images)

(Brooks Kraft/Getty Images, modified by CoinDesk)
The State of Play in Fed Commentary and the Crypto Contagion
The Federal Reserve is throwing cold water on the two-week market rally.
(Brooks Kraft/Getty Images, modified by CoinDesk)

(zhuweiyi49/Getty Images, modified by CoinDesk)
Genesis and Gemini Earn Halt Withdrawals as FTX Contagion Spreads
Plus, a look at Apple’s plans to move semiconductor manufacturing onshore.
(zhuweiyi49/Getty Images, modified by CoinDesk)

(Alex Wong/Getty Images, modified by CoinDesk)
The State of Post-FTX and Alameda Research Market Contagion
More hedge funds announced significant losses today.
(Alex Wong/Getty Images, modified by CoinDesk)