Silvergate bank
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MicroStrategy Fully Repays Silvergate Bank Loan: What Does It Mean for the Company and the Cryptocurrency Market?
It is reported that according to the disclosure submitted to the SEC of the United States, MicroStrategy has signed a prepayment, waiver, and repayment credit and guarantee agreeme
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The Alleged Connection between FHLBank and Silvergate’s Voluntary Liquidation
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.” FHLBank: Silvergate did not stop lending Analysis based on this information:Reports have emerged stating that the San Francisco Federal Housing Loan Bank (FHLBank) provided Silvergate Bank with a $4.3 billion advance payment at the end of last year, without demanding repayment. This action is speculated to have triggered Silvergate’s decision to enter voluntary liquidation, which was announced recently. According to FHLBank, they did not request or pressure Silvergate to repay the advance payment, and the…
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Chip Cash CEO Clarifies Rumors of Sale
On March 15th, it was reported that in response to rumors that the payment company Chip Cash would be considered for sale in the market, the CEO of the company, Ham Serunjogi, issued a clarification statement on its official website, stating that although the collapse of Silicon Valley Bank and Silvergate Bank caused chaos, the impact on Chip Cash was “insignificant”. Although Silicon Valley Bank is the investor of the company, they have very limited funds in their Silicon Valley bank accounts, Only about $1 million, and Chip Cash has not contacted Silvergate Bank, and “has never sought to be acquired.”. Chipper Cash clarifies that banks in Silicon Valley have only about $1 million in funds and have never sought an acquisition Analysis based on this information:In recent weeks, rumors have spread regarding the potential sale of payment company Chip Cash. However, on March 15th, CEO Ham Serunjogi issued a statement on the company’s official website to clarify the situation….
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Valor Confirms No Risk Exposure with Major Banks and SEBA Bank
It is reported that Valor, the trading product provider of the crypto trading platform, confirmed today that the company and all its operating subsidiaries had no risk exposure with Silvergate Bank, Signature Bank and Silicon Valley Bank. The company also confirmed that SEBA Bank AG, one of its strategic investors, had no risk exposure with Silvergate Bank, Silicon Valley Bank and USDC. (prnewswire) Valor: No risk exposure with Silvergate Bank, Signature Bank and Silicon Valley Bank Analysis based on this information:The recent statement made by Valor, the trading product provider of the crypto trading platform, confirmed that the company and its operating subsidiaries do not have any risk exposure with major banks including Silvergate Bank, Signature Bank, and Silicon Valley Bank. In addition, Valor also confirmed that SEBA Bank AG, one of its strategic investors, also had no risk exposure with Silvergate Bank, Silicon Valley Bank, and USDC. This announcement is of great significance to Valor, as it assures the…
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Bittrex Transfers Customer Deposits following Silvergate Bank Closure
It is reported that Bittrex, a cryptocurrency exchange headquartered in Seattle, announced that, in view of the recent announcement by Silvergate Bank that the…
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Sygnum Bank Prepares to Diversify Banking Partners as the Volume of Customer Consultation Increases from Hedge Funds
According to reports, Martin Burgherr, the chief customer officer of the Swiss-based Sygnum Bank, said in an interview that after Silvergate Capital Corporatio…
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Blockchain Company Withdraws Equity from Silvergate Bank Due to Annual Report Failure
According to reports, Block.one, a blockchain software company supported by Peter Thiel, said that after Silvergate Bank failed to submit its annual report las…
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Paxos and Silvergate Bank: A Break In Connection?
It is reported that Paxos, the issuer of the US dollar stable currency BUSD, released a statement on Silvergate Bank on social media, which said that Paxos had…
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Silvergate Bank Voluntarily Starts Liquidation Process
It is reported that the California State Financial Protection Agency announced today that Silvergate Bank, a state chartered bank regulated by DFPI, has volunt…
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Silvergate Bank in Talks with FDIC on Potential Bailout
It is reported that market news: Silvergate is talking with officials of the Federal Deposit Insurance Corporation of the United States on the way to save the …
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Silvergate Bank Difficulties may not Affect BTC Price, says CEO of Cryptocurrency Firm
According to reports, Hany Rashwan, CEO of cryptocurrency company 21. co, said that the difficulties of Silvergate Bank, including the closure of its cryptolen…
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Silvergate Bank’s Investment Strategy and Losses
It is reported that Silvergate Bank, a cryptofriendly bank, invested most of its new funds into longer-term bonds. Before its deposits began to shrink rapidly …
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Short Investor Predicts Closure of Silvergate Bank
It is reported that Marc Cohodes, a short investor who has been short of Silvergate since last year, said that Silvergate Bank is expected to close within a we…
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US Bankruptcy Judge Orders Return of Funds to Crypto Lending Institution
It is reported that according to a court document on Friday, Michael B. Kaplan, a US bankruptcy judge, said that Silvergate Bank must return US $9.85 million t…
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Circle transfers USDC reserve deposits due to Silvergate Bank uncertainty
According to the report, the official website of Circle, the issuer of stable currency, said that due to the continued uncertainty of Silvergate Bank, today Ci…
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Silvergate Bank Seeks Separation of FTX Customer Litigation Cases
It is reported that Silvergate Bank said that it requested the court to separate the FTX customer litigation cases. In the previous federal lawsuit, Silvergate…
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Gemini Suspends Deposits and Withdrawals through ACH amid Monitoring of Silvergate Bank
According to reports, Gemini, the cryptocurrency exchange, said on Twitter that it was actively monitoring the situation of Silvergate Bank, but it did not dep…
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LedgerX Chooses Signature Bank as Telegraphic Transfer Fund Receiver, Avoiding Silvergate Bank
It is reported that both Yahoo and Bloomberg disclosed that LedgerX has chosen to use Signature Bank as its telegraphic transfer fund receiver in order to keep…
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Silvergate Bank’s Delay in Annual Report Submission Shakes the Crypto Market
It is reported that Silvergate Bank announced on Wednesday that it would postpone the submission of its annual report, which led to its share price plummeting …
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Paxos assures protection of customer funds through banking partnerships
It is reported that Paxos, the issuer of the US dollar stable currency BUSD, released a statement to Silvergate Bank on social media. Paxos said that it had no…