• Cryptoverse: Bitcoin passes bank stress test

    21 March (Reuters) – As the crisis haunts the traditional world of stocks and bonds, bitcoin suddenly looks like a safe haven. The notoriously volatile cryptocurrency seems positively healthy and savory, just as a banking collapse drives markets into the arms of a recession. Bitcoin is up 21% this month, while a choppy S&P 500 […]

  • Crypto-focused bank Silvergate plans to scale down after FTX’s blow

    March 8 (Reuters) – Crypto-focused bank Silvergate Capital Corp (SI.N) said on Wednesday it planned to wind down operations and voluntarily liquidate after it was hit with losses following the dramatic collapse of crypto exchange FTX, causing its shares to drop 35% in after hours trading. The decision to close the bank comes after the […]

  • Silvergate’s deepening crisis shocks crypto stocks

    Silvergate shares close 6.4% lower Bank suspends crypto payment network Fallout is dragging down several crypto stocks March 6 (Reuters) – Shares of Silvergate Capital Corp (SI.N) fell as much as 11% on Monday after the bank suspended its crypto payment network and cast doubt on the viability of its business. The stock closed the […]

  • Silvergate suspends crypto payments network; shares fall after hours

    March 3 (Reuters) – Silvergate Capital Corp (SI.N) said on Friday it has made a “risk-based decision” to shut down the Silvergate Exchange Network, its crypto payment network, two days after the digital asset-focused bank cast doubts had expressed his viability. “Effective immediately, Silvergate Bank has made a risk-based decision to discontinue the Silvergate Exchange […]

  • Silvergate collapses after annual report postponement, warning about viability

    Silvergate says it could be “less than well capitalized”. Stock drops 31% after hours March 1 (Reuters) – Cryptocurrency-focused lender Silvergate Capital warned it was delaying its annual report, saying it was evaluating its ability to operate as a going concern on Wednesday, causing its shares to fall more than a quarter in after-hours trading. […]

  • FTX’s Singh pleads guilty as pressure mounts on Bankman-Fried

    NEW YORK, Feb. 28 (Reuters) – Nishad Singh, the former technical director of now-bankrupt cryptocurrency exchange FTX, pleaded guilty to US criminal charges on Tuesday and agreed to cooperate with prosecutors’ investigation into FTX founder Sam Bankman Fried. “I’m incredibly sorry for my role in all of this,” Singh said, adding that in mid-2022 he […]

  • Cryptoverse: Tether tightens grip on the wobbling world of stablecoins

    21 February (Reuters) – The world of stablecoins is suddenly looking shaky. Seismic shifts may be taking place in the $137 billion market after New York-based Paxos Trust Company, which coins Binance’s stablecoin, said it would stop issuing new BUSD tokens after US regulators declassified the asset as a non-profit. registered effect. The US move […]

  • Binance’s American partner confirms that CEO Zhao’s company is active on the stock exchange

    LONDON, Feb. 17 (Reuters) – US affiliate of global cryptocurrency exchange Binance has confirmed that a trading firm led by Binance CEO Changpeng Zhao was operating as a market maker on its platform. Reuters reported on Thursday, citing bank records and corporate communications, that Binance secretly accessed a bank account belonging to its supposedly independent […]