• US regulator sues top crypto exchange Binance CEO for ‘intentional evasion’

    CFTC accuses Binance of ‘deliberate evasion’ of federal law Binance’s compliance was ‘ineffective’ under CEO – CFTC CFTC cites practices first reported by Reuters last year March 27 (Reuters) – The world’s largest crypto exchange Binance and its CEO and founder Changpeng Zhao were charged on Monday by the US Commodity Futures Trading Commission (CFTC) […]

  • 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 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 […]