Silvergate – DIGIT INFO

Former Silvergate Bank CTO and Trump’s ‘Crypto Czar’ David Sacks Speak Out on Operation Choke Point

DIGIT — Sat, 07 Dec 2024 21:10:44 +0000

Operation Choke Point 2.0, a campaign of regulatory pressure against cryptocurrency firms, has sparked a fresh wave of criticism from notable industry figures, including former Silvergate Bank Chief Technology Officer Chris Lane and entrepreneur David Sacks, recently appointed “Crypto Czar” by President-elect Donald Trump. Operation Choke Point 2.0 Under Fire from Industry Voices and Trump’s […]

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Silvergate Capital files for Chapter 11 bankruptcy in Delaware

DIGIT — Wed, 18 Sep 2024 17:45:00 +0000

The parent company of Silvergate Bank has listed assets ranging from $100 million to $500 million and liabilities between $10 million and $50 million.

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Federal Reserve Board drops enforcement action against Silvergate

DIGIT — Fri, 26 Jul 2024 17:16:10 +0000

Silvergate Bank, a former crypto-friendly bank, collapsed in March 2023 due to the fallout created by the implosion of the FTX exchange.

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SEC, Fed Charge Silvergate for Misleading Investors, Failing to Monitor $1 Trillion in Transactions

DIGIT — Wed, 03 Jul 2024 00:36:52 +0000

The U.S. Securities and Exchange Commission (SEC), the Federal Reserve Board (FRB), and the California Department of Financial Protection and Innovation (DFPI) have taken action against Silvergate Capital Corp., the holding company for Silvergate Bank, and its former executives for misleading investors and failing to monitor significant transactions. Silvergate has agreed to pay penalties without […]

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SEC files lawsuit against FTX-linked bank, alleging fraud

DIGIT — Mon, 01 Jul 2024 21:34:42 +0000

Enforcement director Gurbir Grewal said Silvergate allegedly “failed to detect nearly $9 billion in suspicious transfers among FTX and its related entities.”

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BTC bull market began in March, more will realize in a year: Arthur Hayes

DIGIT — Tue, 05 Sep 2023 08:30:05 +0000

The BitMEX co-founder says Bitcoin’s been on a bull run since the Fed’s $25 billion dollar program aimed at stabilizing the U.S. banking system.

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Silvergate CEO to depart amid ongoing liquidation and investor suits

DIGIT — Wed, 16 Aug 2023 00:45:15 +0000

Silvergate is losing its CEO Alan Lane and two other top executives as part of an ongoing wind-down of the once crypto-friendly bank.

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Binance sold USDC for BTC & ETH after Silvergate bank collapse: PoR report

DIGIT — Tue, 08 Aug 2023 09:20:00 +0000

Binance’s depleting USDC reserves has become a hot topic in the crypto ecosystem, especially after Coinbase CEO’s quip during the company’s Q2 earning call.

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Fed board issues order to Silvergate Bank as part of self-liquidation plan

DIGIT — Thu, 01 Jun 2023 21:00:00 +0000

Silvergate Capital Corporation and its crypto-friendly bank will have 10 days to submit a self-liquidation plan in compliance with California and federal requirements.

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Fed, NYDFS assess their supervisory performance after March’s big bank failures

DIGIT — Fri, 28 Apr 2023 21:50:00 +0000

Internal reviews of the supervision of Silicon Valley Bank and Signature Bank have been released, showing weaknesses on the part of the banks’ regulators as well as management.

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