Silvergate
Goldman to Spend Big on Crypto After FTX Fallout; Silvergate Slides Further After Letter From Sen. Warren
Investment banking giant Goldman Sachs (GS) is looking to spend tens of millions of dollars on crypto firms whose valuations have been hit after the implosion of FTX, Reuters reported Tuesday. Senators Elizabeth Warren (D-Mass.), John Kennedy (R-La.) and Roger Marshall (R-Kan.) asked crypto-friendly bank Silvergate (SI) for answers over its supposed role in facilitating transfers between bankrupt exchange FTX and its sister firm Alameda Research.
Bitcoin’s Role in Institutional Strategy
Silvergate Director of Digital Asset Lending Jon Melton and Fidelity Digital Assets' Product Manager Terrence Dempsey join bitcoiner Nolan Bauerle at Consensus 2022 to discuss how institutions can integrate the emerging asset class, specifically bitcoin, into a strategy that will support growth and evolving business needs.
Market Bottom Being Tested? Zipmex In Buyout Talks
Silvergate CEO warns crypto market pain will continue, but still bullish on Bitcoin lending. DeFi total value locked plunged 67% in Q2. Zipmex in talks with potential buyers. FTX proposes liquidity plan for Voyager Digital customers. FTX reportedly in talks to buy South Korean crypto exchange Bithumb.
MicroStrategy, EU Parliament, and Other Possible Drivers of BTC’s Volatile Week
The “Week in Review” panel discusses possible catalysts for bitcoin’s recent price volatility, noting MicroStrategy's $205 million loan from Silvergate to amass even more BTC. Plus, Managing Editor for Tech Christie Harkin explains why Chris Larsen’s planned “Change the Code, Not the Climate” campaign is already facing stiff opposition from the bitcoin community.
Is the Bitcoin Market in Danger of Being Overleveraged?
The market is bullish on bitcoin, but some are starting to worry that the industry might become overleveraged. Silvergate CEO Alan Lane joins "All About Bitcoin" to discuss risks to the crypto markets, the benefits of crypto-backed fiat loans and his outlook on the future of the bitcoin market.
