Silvergate Bank – DIGIT INFO

Biden admin deliberately killed off Silvergate to ‘decapitate’ crypto: Nic Carter

DIGIT — Thu, 26 Sep 2024 05:03:02 +0000

The now-bankrupt Silvergate Bank was forced to cap its crypto deposits at 15% under threat of being shut down by US regulators, claims to Castle Island Ventures partner Nic Carter.

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Fed inspector blames crypto focus, nepotism for Silvergate Bank collapse

DIGIT — Tue, 03 Oct 2023 07:00:10 +0000

An investigation into Silvergate Bank found that its collapse was brought about by a dependency on crypto deposits and “ineffective” senior management.

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Tether adds Bahamas-based private bank Britannia as partner: Report

DIGIT — Tue, 29 Aug 2023 22:56:21 +0000

Tether’s reported new partnership with Britannia Bank makes it the third Bahamas-based bank to join forces with the stablecoin issuer.

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Warren’s alleged work with short-seller shows anti-crypto army heating up

DIGIT — Sat, 03 Jun 2023 22:15:08 +0000

Elizabeth Warren reportedly took advice from Wall Street short-seller Marc Cohodes, who cashed in on the collapse of Silvergate and Signature banks.

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Stablecoins are a critical countermeasure to Operation Chokepoint

DIGIT — Fri, 02 Jun 2023 17:24:17 +0000

Stablecoins could help crypto firms to remove themselves from the banking system — and prevent the U.S. government from cutting off their financial lifelines.

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Silvergate begins NYSE delisting process as it readies to cut 230 staff

DIGIT — Fri, 12 May 2023 01:32:38 +0000

The parent company of the defunct Silvergate Bank disclosed significant staff cuts and the delisting of its securities in an SEC filing.

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JPMorgan Chase Assumes Control of First Republic Bank Following Seizure by California Regulators

DIGIT — Mon, 01 May 2023 12:35:28 +0000

On May 1, 2023, the California Department of Financial Protection and Innovation (DFPI) seized First Republic Bank, placing it into Federal Deposit Insurance Corporation (FDIC) receivership. According to reports, this move came after the bank’s financial troubles made it insolvent and unable to meet its obligations. Following the seizure, JPMorgan Chase submitted the winning bid […]

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Blackrock CEO Expects Inflation to Persist, but No Major US Recession in 2023

DIGIT — Sat, 15 Apr 2023 19:30:48 +0000

Blackrock’s CEO, Larry Fink, stated in an interview on Friday that he does not anticipate a “big recession” in the United States. However, he believes that “inflation is going to be stickier for longer.” In contrast to the U.S. central bank’s 2% goal, Fink predicts that “we’re going to have a 4ish floor in inflation.” […]

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US Bank Lending Drops by Record $105 Billion in Two Weeks, Trillions Moving to Money Market Accounts, Elon Musk Warns ‘Trend Will Accelerate’

DIGIT — Sun, 09 Apr 2023 15:30:37 +0000

The banking industry in the United States is still struggling after the collapse of three major banks. According to statistics, bank lending in the U.S. has dropped by close to $105 billion in the last two weeks of March, which is the largest decline on record. Additionally, Elon Musk, a Tesla executive and owner of […]

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Elizabeth Warren Explains Her ‘Anti-Crypto Army’ Stance; Waves of Democrats Oppose Her Bitcoin Criticism

DIGIT — Mon, 03 Apr 2023 16:04:59 +0000

Elizabeth Warren, the Democratic senator from Massachusetts, has recently launched a political campaign against cryptocurrencies as she seeks a third term in office in 2024. In a recent interview on “Meet the Press Reports” with NBC’s Chuck Todd, Warren likened buying bitcoin to “buying air.” Despite her stated distrust of banks, Warren told the show […]

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