Banking
Silvergate Capital bank forced to sell assets at loss, fires 40% of staff
Silvergate Capital faced a $8.1 billion bank run and was forced to sell assets at a loss, resulting in a $718 million loss.
Josh O'Sullivan 2 min read Banking News
Follow crypto banking news, de-risking, stablecoin rails, fintech partnerships, and how traditional finance is adapting to digital assets.
Coverage footprint 2.7%
7D News sentiment 50 /100
Top Banking Stories
Josh O'Sullivan 2 min read 
More Banking News & Analysis
Banking
New York authority lays out conditions for banks to offer crypto-related services
New York regulated banks will need to inform the Department of Financial Services about their intentions to offer crypto services at least 90 days before their commencement.
Banking
Bitcoin Group set to acquire German’s oldest Bank for over $15M
The takeover of Bankhaus von der Heydt will see the Bitcoin Group own two banking licenses from Germany, following its earlier acquisition of the Futurm digital bank.
Banking
Signature Bank shrinks crypto-tied deposits by $8-10B
Signature has been one of the most crypto-friendly banks on Wall Street but is reducing its exposure.
Banking
Silvergate addresses FTX’s exposure, reassure stakeholders
Silvergate CEO wrote that the financial institution conducted significant due diligence on FTX and Alameda Research before onboarding them as clients.
Banking
SilverGate CEO says “This type of volatility is not new to us,” as crypto market continues to struggle
The current financial conditions are challenging for all financial markets, including Bitcoin, according to SilverGate CEO Alan Lane
CBDCs
Bitcoin’s current stability stems from market manipulation, ECB report
After reiterating the need for crypto regulation in the EU, the ECB is back at it with allegations of price manipulation.
Latest Banking News Headlines
Bankruptcy
BitGo to take custody of FTX assets in bankruptcy procedure
Banking
What’s going on with Silvergate, the bank that props up the U.S. crypto market?
CBDCs
Indian central bank on track to launch retail CBDC pilot next month
Crime