Search results: Silvergate

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Who should be held responsible for the Silvergate Bank and SVB crises?

As bank after bank topples, fingers are pointing everywhere. But crypto is not to be blamed for this unfolding crisis, writes Winston Hsiao of XREX.

Weekly Market Wrap: Bitcoin falls below US$20,000 as Silvergate collapse, rate hike concerns rise

Bitcoin fell below US$20,000 for the first time since Jan. 13 on the back of crypto bank Silvergate’s collapse and the U.S. Fed signaling higher than expected interest rate hikes.

Silvergate teeters as regulators circle and crypto firms cut ties

Top blockchain and crypto news: Silvergate woes spark bankruptcy talk. LDO dips on false enforcement rumors. Chinese leaders push digital development.

Binance faces legal battle as US regulator gets ready to rumble

Top blockchain and crypto news: Binance targeted in CFTC lawsuit. Law catches up with Do Kwon. Chinese banks bet on Hong Kong crypto.

Is our banking system obsolete?

For long, people could only put cash into a bank account or under the mattress, writes Eric Johnson. Will blockchain technology offer a viable alternative?

Weekly Market Wrap: Bitcoin hovers around US$28,000 as banking concerns return. Will it hit US$30,000?

As banking contagion worries reignited, Bitcoin traded firmly above US$28,000 for most of the week. Considering that Bitcoin was made for a potential banking crisis, industry experts are eyeing the US$30,000 mark for BTC.

Bitcoin buoyed as bank busts spook investors

Top blockchain and crypto news: Banking woes boost Bitcoin. Arbitrum counts down to launch. Chinese billionaire faces US crypto scam charges.

Crypto needs to look abroad as US exchanges go unbanked

The fall of Silvergate, SVB and Signature has left crypto firms scrambling for new banks. Will crypto banking head offshore for the long term?

Weekly Market Wrap: Bitcoin rises above US$26,000, as ‘store of value’ narrative strengthens amid bank failures

As the U.S. banking system stared into the pit of bank runs and collapsing share prices, the authorities acted swiftly to try and pull everything back from the edge. However, Bitcoin seemed unperturbed. Is this what a safe haven looks like?

Another Crazy Week For Bitcoin

Bitcoin and other cryptocurrencies bounce back after a turbulent week for banks in the US and Switzerland.

Circle’s USDC bounces back after Silicon Valley Bank bust

Top blockchain and crypto news: USDC stabilizes after SVB collapse. Silvergate closes shop. China tightens financial supervision.

Circle’s Disparte speaks on de-risking crypto from banking risks

The recent U.S. banks fallout is a stress test for both traditional finance and digital assets but to weather the storm side by side is a powerful opportunity, says Circle Chief Strategy Officer Dante Disparte.

Crypto banking crisis?

As the U.S. tries to head off a bank run, crypto is quickly running out of places to bank with.

Circle’s USDC stablecoin regains parity as regulators act to stop bank run risk

Circle said its $3.3 billion of USDC cash reserves at the collapsed Silicon Valley Bank will be available Monday after regulators stepped in to backstop deposits.

Worst week of 2023

Crypto markets slammed by Fed, Silvergate, lawsuits.

Bank bust

Contagion, regulation worries grow after crypto bank’s demise

Market bottom being tested?; Zipmex in buyout talks.

Silvergate issues warnings about the crypto winter. Meanwhile, Zipmex considers a buyout by FTX and Alameda Research.

Questions over Circle’s USDC reserves linger despite assurances

Fresh claims that emerged over the weekend about the status of Circle’s USDC reserves cast doubts on the ability of the so-called stablecoin to maintain its peg. In a deep dive, Forkast examined the allegations and reached out to the company for its version of events.

Will Mt. Gox Bitcoin eruption smother hopes of rapid crypto recovery?

Top blockchain and crypto news: Payback time for Mt. Gox investors. USDC issuer strikes back as critics circle. Chinese bank fiasco hits a nerve.

Stablecoins, USDC and the ‘Circle of trust’

Investor confidence in stablecoins has plummeted since the Terra fiasco. Circle’s chief of finance assesses how they’re holding up amid a barrage of “FUD”.

Circle says customers could redeem all of USDC in one day

In an exclusive interview with Forkast Editor-in-Chief Angie Lau, Circle Chief Financial Officer Jeremy Fox-Geen said reserves backing the so-called USDC stablecoin are ring-fenced from any potential fallout from the contagion engulfing crypto markets.

Lessons learned from my five years of building blockchain

DLT projects are defined by their network effects, writes Donald Thibeau of HBAR Foundation. Here’s why open networks and community are critical for success.

FastForkast headlines

Bitcoin, Ether slump in broad sell-off amid Fed red flags on rates, Silvergate Bank failure

Bitcoin, Ether fall amid interest rate hike fears, Silvergate liquidation; Forkast NFT 500 index slips 0.79%

Crypto bank Silvergate to close, return all deposits; becomes latest victim of 2022 crypto turmoil

Bitcoin crashes through US$22,000 floor as failure of Silvergate crypto bank hits market

Bitcoin gains, all other top 10 cryptos in the red amid Silvergate fallout

Bybit suspends U.S. dollar bank transfers, possible link to Silvergate shuttering crypto banking network

Circle joins Crypto.com, Coinbase in cutting ties with embattled crypto bank Silvergate

Silvergate probed by US prosecutors over FTX, Alameda accounts: Bloomberg

Silvergate reports US$1 billion loss, attributes to “crisis of confidence” in crypto sector

Silvergate cuts 40% of staff after facing US$8.1B in withdrawals amid FTX collapse

Crypto market pain will continue but still bullish on Bitcoin lending: Silvergate

Asia leads crypto regulations, innovation may leave the US, says Ripple’s Long

Bitcoin, other crypto fall as U.S. sues Binance; U.S. equities gain as banks stabilize

MicroStrategy buys 6,555 Bitcoin worth US$150 mln

Bitcoin rebounds above US$28,000 as equities gain in U.S. on Treasury easing bank worries

Bitcoin rises past US$28,000, most other top 10 cryptos gain

New York Community Bancorp unit to assume Signature Bank deposits, FDIC says

Bitcoin, Ether rise; relief for investors as major banks get liquidity lifeline

Bitcoin, Ether drop, other top cryptocurrencies retreat as bank liquidity concerns rise

Anchorage Digital lays off 20% of staff amid low NFT demand, says bank unit not affected

New York regulator says Signature Bank closure ‘nothing to do’ with cryptocurrencies: Reuters

Bitcoin jumps above US$24,000, leading crypto gains as U.S. acts to backstop banks

Bitcoin, Ether gain after U.S. regulators take charge to shield deposits across crypto-related banks

Bitcoin jumps more than 9% as U.S. acts to protect deposits at crypto-linked banks

U.S. regulators shutter Signature Bank, lender to Paxos, Coinbase, citing systemic risk

Bitcoin, Ether, Forkast 500 NFT index close lower on the day

Forkast 500 NFT index dips, Vitalik-linked NFT token gains momentum

Voyager gains court approval to sell assets to Binance U.S. in US$1.3 bln deal

Bitcoin dips, Ether little changed, with top 10 crypto mixed following U.S. equity slump

Bitcoin, Ether little-changed in downtrend day; Forkast NFT 500 index dips

Kraken to launch U.S. crypto bank amid regulatory headwinds

Bitcoin treads water below US$22,500, Ether dips with other top 10 cryptocurrencies

Bitcoin, Ether fall; Litecoin is biggest loser of day

Bitcoin falls below US$23,000, Ether slides in crypto price slump across the board

U.S.-based cryptocurrency exchange Bittrex lays off 83 employees

Markets: Bitcoin, Ether fall on U.S. economy worries, hawkish Fed comments on interest rates

Markets: Bitcoin, Ether rise further; Dogecoin leads gains in top 10 cryptos

Crypto exchange Huobi latest firm to slash staff: Reuters

Animoca Brands slashes Web3 fund target to US$1B: Bloomberg

Markets: Bitcoin, Ether little changed; Polygon, XRP lead losers; Cardano holds onto gains

Cathie Woods buys the dip as Ark Invest scoops up Coinbase, GBTC shares: Bloomberg

Goldman Sachs launches crypto explainer, trend tool for institutional clients

Bitcoin, Ether trade lower ahead of FOMC meeting

Aptos raises US$150 mln from FTX Ventures, Jump Crypto

Circle’s reserve breakdown shows US$13.58B cash and US$42.12B U.S. Treasurys

Michael Saylor, MicroStrategy stick to their guns on Bitcoin

Samsung Asset to list blockchain ETF in Hong Kong: report

Goldman Sachs offers first Bitcoin-backed loan

Meta sells stablecoin Diem project for $182M

First NFT exchange-traded fund falls in NYSE debut