Signature Bank

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 win...

By CoinDesk Staff

Mar 13, 2023 at 1:00 p.m. UTC

Mar 13, 2023

CirclebankingCoinbasePaxosRegulationFTXExplainerSilvergateSilvergate BankSignature BankhearingcontagionAlameda

Finance

Signature bank

OKX-Affiliated Okcoin Pauses USD On-Ramp Due to Signature Bank’s Collapse

CEO Hong Fang tweeted that customer deposits are safe and USD withdrawals aren't affected.

By Sam Reynolds

Mar 13, 2023 at 9:28 a.m. UTC

Mar 13, 2023

Signature BankSilvergate BankOKXOkbOKCoin

Finance

Trueusd

TrueUSD Says ‘Small Number’ of Users Impacted by Signature Bank Closure

Stablecoin issuer says USD funds held at Signature bank are now fully backstopped by Fed.

By Sam Reynolds

Mar 13, 2023 at 4:16 a.m. UTC

Mar 13, 2023

TrueUSDSignature BankStablecoins

Circle CEO Jeremy Allaire (Danny Nelson/CoinDesk)

Policy

Regulations

Circle Scrambles to Right USDC After Signature Bank Failure

Circle Internet Financial is racing to find new banking partners for its USDC stablecoin.

By Danny Nelson

Mar 13, 2023 at 1:55 a.m. UTC

Mar 13, 2023

RegulationsUSDCCircleSignature BankSilicon Valley BankUSStablecoinsbanking

Policy

Regulations

Crypto-Friendly Signature Bank Shut Down by State Regulators

Signature said it intended to limit its crypto exposure last year.

By Nikhilesh De

Mar 12, 2023 at 10:25 p.m. UTC

Mar 12, 2023

RegulationsSignature BankNew Yorkbanking

Markets

Stablecoin

Scrutiny Falls on $43B USDC Stablecoin’s Cash Reserves at Failed Silicon Valley Bank

Circle’s USDC, the second-largest stablecoin, with $43 billion market capitalization, held an undisclosed part of its $9.8 billion cash reserves at failed Silicon Valley Bank.

By Krisztian Sandor

Mar 10, 2023 at 7:35 p.m. UTC

Mar 10, 2023

StablecoinCircleUSDCReservesMarketsTradingInvestingSilvergate BankSilicon Valley BankSignature Bank

Consensus Magazine

Money reimagined

How U.S. Judges Might Save Crypto From the SEC

Separation-of-powers offers hope to an industry under attack from unchecked executive power, says Michael Casey, CoinDesk's chief content officer.

By Michael J. Casey

Mar 10, 2023 at 5:00 p.m. UTC

Mar 10, 2023

Money ReimaginedNewslettersOpinionSECCongressGovernmentRegulationSilvergate BankSignature BankSilicon Valley BankBinanceGrayscale

Markets

Signature bank

Signature Bank Stock Down 12% in Volatile Action as Sell-Off Continues

The broader banking sector is down another 4% on Friday.

By Jamie Crawley

Mar 10, 2023 at 3:56 p.m. UTC

Mar 10, 2023

Signature BankSilvergatebanks

Video

Paxos

Silvergate Bank's Collapse Explained

Former Paxos Head of Portfolio Management and Columbia Business School Adjunct Professor Jesse Austin Campell joins “All About Bitcoin” to discuss the circumstances that cause...

By CoinDesk Inc

Mar 9, 2023 at 9:23 p.m. UTC

Mar 9, 2023