MicroStrategy, a business intelligence firm and major bitcoin investor, has announced that it has repaid its Silvergate loan of $205 million at a 22% discount.
Michael Saylor, MicroStrategy co-founder and former…
Kraken crypto exchange has reportedly informed its customers that as of March 27, deposits and withdrawals via ACH Silvergate and Plaid will no longer be available.
Kraken cuts ties with Silvergate
Jesse…
The collapse of Signature Bank and Silvergate Bank, two of the most crypto-friendly lenders in the U.S., has left many cryptocurrency firms in a state of uncertainty and desperation.
As regulators…
According to research from Coinbase and CES Insights, the U.S. government has taken swift steps to avert a system-wide bank run among mid-tier banks after the failure of Silicon Valley…
Marathon Digital Holdings said that its sales for the fourth quarter of the year came in at $28.4 million, a decrease of 58% compared to the same time a year…
Reports indicate that the number of people downloading crypto applications has increased massively following the dawn of problems in the US banking system.
Based on recent reports, the number of downloads…
Despite the collapse of major crypto-focused banks, bitcoin has surged by 50% this year, outperforming major stock indexes and commodities.
Bitcoin price surges despite setbacks
Starting the year at just over $16,500,…
Bitcoin (BTC) is recovering after a plunge amid the troubles at Silicon Valley Bank and Silvergate that caused investor panic. As US regulators announced support to help customers recover lost funds,…
Last week was mainly bearish as several macro events had a detrimental effect on the industry. Major developments, such as the voluntary liquidation of Silvergate and the crash of Silicon…
Silicon Valley Bank (SVB), representing the United States information technology hub, Silicon Valley, went bankrupt due to a bank run, massive deposit withdrawals, in under 14 hours.
SVB’s bankruptcy is the…