BitGo hires Ben Reynolds, former Silvergate Bank president, as managing director to expand its USD Standard stablecoin globally.
BitGo appoints ex-Silvergate president to its stablecoin division amid expanding USD-pegged market.
2023 marked a significant year for the crypto and stablecoin markets, with challenges faced by BUSD and USDC, and bank collapses adding instability. Binance lost its BUSD license due to Silvergate's issues.
The article discusses the evolution of stablecoins in 2023, highlighting their growth and potential impact on the financial world despite challenges faced by BUSD and USDC. The instability from central bank collapses affected Binance and Silvergate's operations.
The closure of crypto-focused banks like Silvergate during the 2023 crisis was politically mandated, raising concerns about open financial access, says Nic Carter.
Kamala signals support for crypto. Memecoins add $10bn in a week. MOODENG hits $180m with 11x growth. SUI & SEI lead in price & TVL growth. Revolut & Robinhood consider stablecoin. Visa launches tokenisation for banks. PayPal allows business crypto accounts. Biden may have forced Silvergate’s closure.
Nic Carter from Castle Island Ventures attributes the collapse of Silvergate Bank to regulatory pressure.
Ether surpasses Bitcoin in performance amid regulatory changes, highlighted by remarks from Kamala Harris and Silvergate analysis.
The SEC and Fed have charged Silvergate for misleading investors and failing to monitor $1 trillion in transactions.
Silvergate Capital Corp. will pay $63 million to settle U.S. and California regulators' charges over anti-money laundering violations.
Silvergate: la banca crypto-friendly patteggia con la SEC e paga la penale di $63 milioni per un programma antiriciclaggio inadeguato.
Silvergate Capital Corporation settles with the SEC after being accused of false statements about its AML procedures, failing to detect nearly $9 billion in suspicious activities.
The Silvergate SEC settlement addresses charges that the bank and its former executives failed to maintain a proper anti-money laundering program.
SEC filed a lawsuit against Silvergate for allegedly failing to detect $9 billion in suspicious transfers linked to FTX.
