Crypto bank Silvergate to close, return all deposits; becomes latest victim of 2022 crypto turmoil
Silvergate Capital said Wednesday it will cease operations and liquidate its bank unit.
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Bitcoin crashes through US$22,000 floor as failure of Silvergate crypto bank hits market
The shuttering of Silvergate Bank was not unexpected, but it still drove Bitcoin and most of the top 10 non-stablecoin cryptocurrencies lower on Thursday morning in Asia.
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Voyager gains court approval to sell assets to Binance U.S. in US$1.3 bln deal
Bankrupt crypto lender Voyager Digital received court approval from bankruptcy Judge Michael Wiles on Tuesday to sell its assets and transfer its customers to Binance’s U.S. arm, in a US$1.3 billion deal.
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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.
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Kraken to launch U.S. crypto bank amid regulatory headwinds
U.S.-based cryptocurrency exchange Kraken is working on establishing its own bank, despite the recent regulatory headwinds
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Singapore police begin probe linked to Do Kwon’s Terraform Labs: Bloomberg
Singapore’s police have begun investigations linked to Terraform Labs that was co-founded by fugitive Do Kwon, according to a Bloomberg report.
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What Web3 must do if it wants to attract 1 billion users
Web3 is growing more rapidly than the early internet, writes Ken Timsit of Cronos Labs. But to achieve mainstream success, the following issues must be addressed.
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Bybit suspends U.S. dollar bank transfers, possible link to Silvergate shuttering crypto banking network
Bybit suspended U.S. dollar deposits and withdrawals via wire and bank transfers due to “service outages from a partner.”
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Circle joins Crypto.com, Coinbase in cutting ties with embattled crypto bank Silvergate
USDC issuer Circle said Friday that it is withdrawing from “certain services that involve” California-based cryptocurrency bank Silvergate.
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Bitcoin falls below US$23,000, Ether slides in crypto price slump across the board
Bitcoin and Ether prices slumped in Friday morning trading in Asia, along with all other top 10 non-stablecoin cryptocurrencies.