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    Tag: Silvergate Bank Crisis

    US Treasury Aims to Strengthen Regulations for Nonbank Entities Amidst Banking Crisis

    News
    Janet Yellen, United States Secretary of the Treasury, emphasized the need for increased regulation of nonbank entities, citing their potential to pose a systemic risk to the financial stability of the US.

    Bitcoin Surpasses the $28,000 Mark Thanks to Banking Crisis

    Analysis & prediction
    Turmoil in the banking sector has Bitcoin reaching levels not seen in about nine months.

    USDC Stablecoin Depegs From $1 After Silicon Valley Bank Collapse

    News
    The value of USDC fell off the $1 mark after the parent company Circle admitted to relating to Silicon Valley Bank.

    Because of Silvergate, Bitcoin and Crypto Markets Dyed Red Again

    News
    Bitcoin and many top altcoins continue to plunge on the latest news of Silvergate bank.

    Silvergate Bank to Liquidate Assets, Wind Down Operations

    Community
    Silvergate Bank was unable to turn the current crisis around and decided to downsize its operations.

    Silvergate Crisis Will Likely Boost Stablecoins’ Role in Crypto Trading

    Analysis & prediction
    Cryptory.net - Kaiko believes that the absence of Silvergate will make large investors come to stablecoins as an alternative, thereby boosting their role in crypto trading.

    What Could Happen Next to Silvergate Bank?

    Community
    One of the key partners of crypto companies, Silvergate Capital (SI) is on the verge of bankruptcy due to a series of financial troubles.

    Total Crypto Capitalization Lost $50 Billion Due to Silvergate Bank Crisis

    Community
    On March 3, the cryptocurrency market dyed red with the plunge of major coins. The reason is supposedly related to negative news of Silvergate Bank.