Silvergate
A former Silvergate exec said the shuttering wasn’t due to the bank being ill-equipped to deal with bank runs post-FTX, but rather because of the regulatory environment
Plus, Kamala Harris finally talked about crypto
Plus, what Fed Chair Jerome Powell said about interest rates and inflation
The summary report was published on Sept. 27 and includes the Fed’s recommendations on how to avoid a similar situation in the future
Portfolio managers for Royal Bank of Canada funds indeed trade crypto stocks, but they don’t seem bullish on many right now
Linda Yaccarino will become Twitter chief executive, while Musk steps back into CTO role
Silvergate had more than 90% of deposits coming from crypto clients, while Signature Bank had only 20%, a report found
38% of crypto holders surveyed by Morning Consult said that they’re turning to cold wallets, up from 24% last year
Calls are growing for transparency over how the FDIC assumed control of crypto-friendly banks Signature and Silicon Valley Bank
Monday’s SEC filing shows the company purchased 6,455 BTC over the past several weeks
Bitcoin was introduced to the world right after the 2008 financial crash, and fifteen years later, we’re witnessing anew the failure of reserve banking and a debt-based system
The falls of Silvergate, Silicon Valley Bank and Signature have left the crypto banking segment in flux, industry watchers say, though other options exist
US politicians have branded Silvergate’s collapse as a crypto-specific problem, but the industry isn’t buying it
Silvergate execs managed to time the top of the bull market pretty well — as did insiders at other major crypto firms
About 3.7 million new Silvergate shares, worth roughly $20 million, sold short in the past 30 days, S3 Partners data shows
With regulatory headwinds, US banks are probably not making payments systems a priority
