Silvergate

According to reports, the Blockchain Association has made a further request under the Freedom of Information Act (FOIA) to investigate allegations of de banking that may have impro

On April 5th, Tether reiterated in an official post that the company had not been in contact with Silvergate, SVB, and SignatureBank, while expressing its dissatisfaction with Bloo

It is reported that SilverGate, a cryptocurrency bank, received a letter from the New York Stock Exchange informing it of non-compliance with the 10K report. Interpretation of this information: Silvergate, a cryptocurrency bank, has received a letter from the New York Stock Exchange (NYSE) concerning the company’s non-compliance with the 10K report. The 10K report is an annual report that contains detailed financial information about a company and its performance. This report is important for investors, as it provides them with insight into the company’s financial health and stability. As…

According to reports, the San Francisco Federal Housing Loan Bank (FHLBank) provided $4.3 billion to Silvergate at the end of last year, and did not force Silvergate to repay the advance payment. This is rumored to be the reason why the cryptocurrency friendly bank entered voluntary liquidation. A spokesman for the bank said, “FHLBank San Francisco has not requested or forced Silvergate Bank to prepay its outstanding prepayment. Silvergate has decided to prepay the outstanding prepayment based on its own assessment of its own situation.” Interpretation of this information: The…

According to reports, IOSG Ventures issued a statement that it had never conducted any USDC transactions in the past 7 days, and its exposure to SVB and Silvergate was zero. Interpretation of this information: In a recent statement issued by IOSG Ventures, the venture capital firm confirmed that it had not engaged in any USDC (USD Coin) transactions over the past seven days. The firm also revealed that it had zero exposure to two major US banks, SVB (Silicon Valley Bank) and Silvergate. The statement can be interpreted in a…

According to reports, Alchemy Pay, a cryptopayment service provider, tweeted that it had no risk exposure to Silicon Valley Bank and Silvergate, and no funds were deposited in these institutions. Its cooperative banks fully complied with all regulations. Interpretation of this information: The message from Alchemy Pay, a crypto payment service provider, indicates that the company has no risk exposure to Silicon Valley Bank and Silvergate. It also states that no funds were deposited in these institutions, and that all its cooperative banks are fully compliant with the regulations. This…

It is reported that the US stock market of Silvergate rose by more than 19% before the market, and the stock fell by more than 42% overnight after announcing plans to end banking business and carry out voluntary liquidation. Interpretation of this information: The news about Silvergate is a perfect example of how the stock market can be unpredictable and volatile. According to reports, the US stock market of Silvergate rose by more than 19% before the market opened, which was a promising sign for the company. However, things took…

It is reported that Marathon Digital, a Bitcoin mining company, announced the termination of the credit arrangement with Silvergate, a cryptobank. Marathon said that on March 8, the prepayment of the term loan was completed, and the company’s credit line with Silvergate Bank was terminated. It is reported that the company reduced its debt by $50 million and released Bitcoin worth about $75 million as collateral. Marathon Digital also said that it has been taking measures to support its balance sheet by repaying part of its debts and releasing restricted…

21:00-7:00 Key words: interest rate increase, Silvergate, Mt.Gox, Voyager Interpretation of this information: The message suggests that there will be an increase in interest rates during the time period of 21:00-7:00. It also mentions three keywords: Silvergate, Mt.Gox, and Voyager. Interest rate increase is the first keyword in this message. It is a term that refers to the rise in the cost of borrowing money from financial institutions. This message suggests that there will be an interest rate increase within the given time frame. An increase in interest rates can…

It is reported that Silvergate (SI. N) announced its plan to end the bank’s business and voluntarily liquidate in an orderly manner and in accordance with applicable regulatory procedures. The stock fell 40% in the short term after the session. Silvergate said that it was considering how to best preserve the residual value of assets; The best way out is to end the banking business in an orderly manner and voluntary liquidation. Decides to terminate the Silvergate Exchange Network (SEN). All other deposit-related services remain operational during the liquidation of…

On March 9, Adam Cochran, partner of Cinneamhain Ventures, tweeted that the failure of Silvergate was not due to the risks or illegal acts related to cryptocurrency, but because it followed the rules of the United States Office of the Comptroller of the Currency (OCC) on some reserves, purchased low-liquidity municipal bonds, and then ran on banks. This is the failure of the banking industry, not the failure of cryptocurrency. Interpretation of this information: The failure of Silvergate, a cryptocurrency-friendly bank, has been a hot topic in the crypto community…

On March 9, following the announcement by Silvergate, a cryptofriendly bank, earlier today that it plans to end its banking business in an orderly manner and voluntarily carry out liquidation, the cryptocurrency trading platform Binance, Coinbase, OKX and the cryptoinfrastructure company Paxos issued relevant statements that are not affected by the liquidation of Silvergate: Interpretation of this information: The announcement made by Silvergate, a bank that is known for its pro-cryptocurrency stance, has caused some concern within the cryptocurrency community. On March 9, the bank announced that it plans to…

21:00-7:00 Key words: Grayscale, Silvergate, acquisition of Voyager Digital, MtGox Interpretation of this information: The message seems to be discussing an acquisition in the cryptocurrency industry during a specific time frame. The time frame mentioned is from 21:00 to 7:00, which is most likely referring to a specific day during those hours. There are three keywords mentioned in the message: Grayscale, Silvergate, and MtGox. One interpretation of this message is that Grayscale and Silvergate may have been involved in the acquisition of Voyager Digital, a cryptocurrency trading platform. Grayscale is…

It is reported that a new study by Kaiko, a digital asset data provider, found that Silvergate’s decision to close its real-time payment network may promote investors to use stable currency in cryptocurrency transactions. The study predicts that investors will not deposit US dollars in exchanges using Silvergate’s SEN and other bank tracks, but will deposit them in stable currency issuers to receive stable tokens before transferring them to the exchange. Interpretation of this information: The digital asset data provider, Kaiko, reports that Silvergate’s decision to terminate its real-time payment…

According to reports, Hany Rashwan, CEO of cryptocurrency company 21. co, said that the difficulties of Silvergate Bank, including the closure of its cryptolending platform SEN, would not necessarily affect the price of BTC. On the contrary, the recent price level is attributed to macroeconomic factors. The story of Silvergate has not yet been determined, but the price performance of BTC is now affected by macroeconomic factors, and inflation is still rampant. I think we haven’t got out of the trouble yet. We will continue to see interest rates rise,…

According to reports, Silvergate (SI. N) fell more than 6%. Wade Bush believed that the possibility of bankruptcy/liquidation of Silvergate was very high, and the liquidation value was $5 per share. Interpretation of this information: The news of Silvergate’s stock falling more than 6% has led some to believe that the possibility of bankruptcy or liquidation of the company is high. Wade Bush, who seems to be an industry insider or analyst, has come out with an estimate of the liquidation value of Silvergate shares which he puts at $5….

On March 1, according to the e-mail sent by the FTX encryption derivatives platform LedgerX to customers, the company will no longer use Silvergate to receive domestic wire transfers in the United States, and has established a cooperative relationship with Signature Bank. FTX and related entities have accounts in Silvergate and Signature. Since the bankruptcy of FTX, Silvergate has faced more stringent scrutiny from legislators. Interpretation of this information: The message informs customers of the FTX encryption derivatives platform that the company will no longer use Silvergate to receive domestic…

21:00-7:00 Key words: Do Kwon, Vista CEO, Silvergate, Compute North Interpretation of this information: The message is likely a reference to recent news involving Do Kwon, the co-founder and CEO of Terraform Labs, a blockchain-based payments company. Kwon has reportedly been appointed as an advisor to Vista CEO Robert F. Smith’s private equity firm, Vista Equity Partners. The move comes amid a broader effort by Vista to expand its presence in the cryptocurrency space. One potential implication of this news is that Vista may be exploring ways to leverage blockchain…