CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data

silvergate

Kraken to Suspend ACH Deposits and Withdrawals Following Silvergate Shutdown

The exchange says no other services will be affected by this change.

By Helene Braun

Mar 22, 2023 at 9:11 p.m. UTC

Mar 22, 2023

SilvergateKraken

SVB Collapse Shows the Rot in U.S. Banking and Dollars

Bank balances and money itself are effectively illusions. Reserve co-founder Nevin Freeman considers an alternative.

By Nevin Freeman

Mar 17, 2023 at 3:15 p.m. UTC

Mar 17, 2023

OpinionBankSvbSilvergateStablecoin

The Scrumptious Irony of the Silicon Valley Bank Collapse

Crypto companies are scrambling to find new banking partners after last weekend’s collapse. Plus: A conversation with photographer Dave Krugman on the “attention economy.” [reward]ed9c347a-6504-43ce-87fe-727e135499f8[/reward]

By Ben Schiller Danny Nelson Cam Thompson

Mar 16, 2023 at 2:57 p.m. UTC

Mar 16, 2023

ConsensusPodcastSilvergateSilicon valley bankSignature BankNFTs

Silhouette of business people negotiating at meeting table

Finance

Opinion

Stop Blaming Crypto for Traditional Finance Failures

After the recent collapse of three banks – Silicon Valley Bank, Silvergate Bank and Signature Bank – many pointed fingers at crypto as the cause. But crypto may actually be the solution, not the problem.

By DJ Windle

Mar 16, 2023 at 12:45 p.m. UTC

Mar 16, 2023

OpinionNewslettersCrypto for AdvisorsSilvergateSignature BankSilicon valley bankcrypto bankingcrypto-bankBlockchain Adoption

Brian Brooks: ‘My View About Navigating the US Waters Is a Little Bit Different From CZ's’

Policy

Bitfury

Brian Brooks: U.S. Government Using Crisis to Choke Off Crypto Access to Banks

The former acting head of the OCC said federal regulators are working together to keep crypto assets out of the U.S. banking system.

By Fran Velasquez

Mar 15, 2023 at 7:46 p.m. UTC

Mar 15, 2023

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Policy

Silvergate

Silvergate Wasn't Cut Off From Loans, Lender Says

Silvergate Bank said previously it had to accelerate the sale of securities to be able to repay advances from the Federal Home Bank of San Francisco.

By Helene Braun

Mar 15, 2023 at 4:57 p.m. UTC

Mar 15, 2023

SilvergateSilvergate BankMarketsBanking

Finance

Silvergate bank

Crypto Must Do Better to Be Banked, Say Industry Executives

The downfall of Silvergate, Signature and Silicon Valley banks have wounded digital assets. But crypto might one day work with big banks if the industry can mature, WAX CEO William Quigley and Maicon CEO Alex Liu suggested.

By Sam Reynolds

Mar 15, 2023 at 2:14 a.m. UTC

Mar 15, 2023

Silvergate BankSilvergateSignature BankSilicon ValleySilicon valley bankBinanceTaiwan

Finance

Gibraltar

Gibraltar's Xapo Bank Enables GBP Payments, Prepares USDC Option Amid U.S. Crypto Banking Crisis

The retail-focused bank will be allowing users to make GBP payments directly to and from their U.K. accounts or wallets.

By Eliza Gkritsi

Mar 14, 2023 at 4:46 p.m. UTC

Mar 14, 2023

GibraltarXapoBankingSilvergateSilicon valley bankSignature BankUSDCExclusive

Video

Circle

Silicon Valley Bank Collapse: Crypto Impact and What's Next

The abrupt collapse of the Silicon Valley Bank and Signature Bank prompted U S regulators to impose emergency measures to protect depositors This comes on the heels of crypto friendly Silvergate Bank’s shutdown in the same week Here’s a look at how SVB s closure is sending ripple effects across the crypto industry and what’s [...]

By CoinDesk Staff

Mar 14, 2023 at 3:30 p.m. UTC

Mar 14, 2023