The United States Securities and Exchange Commission (SEC) filed on Monday a lawsuit against Silvergate Capital Corp., the parent company of Silvergate Bank, over its failure to meet the Bank Secrecy Act/anti-money laundering regulations. Silvergate allegedly told its customers that it was...
Former CEO of now-defunct Silicon Valley Bank Gregory Becker will say in a congressional testimony set for May 16 that he and the bank's top brass made their decisions "in good faith and in the best interests of SVB, its employees, and its clients."
Remarks released on Monday ahead of his...
Binance CEO Changpeng "CZ" Zhao stated that the company does not have any assets tied to Silvergate Capital Corporation after it announced it will discontinue operations on Wednesday.
Zhao tweeted that Binance lost no assets at Silvergate, stressing that the cryptocurrency exchange's funds are...
Silvergate Capital Corporation, the parent company of the crypto lending bank, announced on Wednesday it will discontinue operations and liquidate the Bank given the recent "industry" and "regulatory" developments.
"The Company is also considering how best to resolve claims and preserve the...
Silvergate Capital Corporation notified its clients it has suspended its crypto instant payment network that allowed users to initiate transactions at any time.
"Effective immediately Silvergate Bank has made a risk-based decision to discontinue the Silvergate Exchange Network (SEN)," the company...
Crypto.com is the latest on the list of cryptocurrency exchanges that have decided to "temporarily" block any USD deposits and withdrawals through Silvergate Exchange Network (SEN), the former revealed in a statement given to Watcher.Guru.
"Funds transferred via Silvergate will be rejected...
Cryptocurrency exchange Bitstamp announced on Thursday that it is temporarily withdrawing Silvergate Exchange Network (SEN) services for all its users and all US dollar wire support via Silvergate Bank after Silvergate delayed the filing of its annual 10-K report with the United States Securities...
Coinbase Global Inc. announced on Thursday that all payments with California-based Silvergate Bank, will be suspended in the light of recent developments.
"Coinbase is no longer accepting or initiating payments to or from Silvergate," the American cryptocurrency exchange platform said in...
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