Regulation
Crypto Bank Silvergate Shutdown: 3 Key Takeaways
The crypto meltdown has claimed its first big casualty in the mainstream financial system. California-based Silvergate Bank plans to "voluntarily liquidate" its assets and wind down operations. Here are three key things to know about the company’s unwinding and what it means for the crypto industry and beyond.
HSBC Subsidiary to Acquire Silicon Valley Bank's UK Unit for 1 British Pound
Depositors will be protected, the U.K. government said, as it seeks to limit wider economic fallout from the bank's collapse.
Bitcoin Rises on Report Government Weighing Plan to Protect All Silicon Valley Bank Depositors
The price of the largest cryptocurrency briefly rose back above $21,500 before giving back some gains.
Ether a Security? That Could Have Huge Ramifications for Crypto, Legal Expert Says
The outcome of the New York Attorney General's lawsuit against KuCoin could prompt federal regulatory action against the second-largest crypto asset, says Penn State University Dickinson Law professor Tonya Evans.
How U.S. Judges Might Save Crypto From the SEC
Separation-of-powers offers hope to an industry under attack from unchecked executive power, says Michael Casey, CoinDesk's chief content officer.
4 Potential Winners of the Silvergate Unwind
The collapse of crypto's most visible bank could be an opportunity for stablecoins and other financial-services providers.
Morgan Stanley Sees More Regulatory Scrutiny of Crypto On-Ramps as Silvergate Falters
The bank was a major player in the business of moving money in and out of crypto.
Lido’s LDO Token Sinks 10% Following Rumors Crypto Staking Service Received SEC Notice
Crypto podcaster David Hoffman spread (and then retracted) a rumor that the SEC had delivered a Wells Notice to the decentralized staking service. A spokesperson for Lido declined to comment.
The Rise and Fall of Silvergate’s Crypto Business
The bank’s own data shows the rapid acceleration of its novel crypto-banking business and how leaning into digital assets made it vulnerable to the industry’s drama.
