Cryptocurrency Market

Cryptocurrency Market

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  • Market Cap: $2,381,601,043,822.09
  • 24h Vol: $53,873,105,693.41
  • BTC Dominance: 56.52%

Coinbase

silvergate-bank-announces-voluntary-liquidation-as-crypto-industry-woes-persist

Silvergate Bank Announces Voluntary Liquidation as Crypto Industry Woes Persist

Leave a Comment / asset preservation, bank operations, banking giant JPMorgan, Bitcoin, Circle, Coinbase, crypto exchange FTX, Crypto Hacked, crypto-friendly banking, Crypto.com, Cryptocurrency, deposit repayment, Ethereum, Financial Troubles, Gemini, industry developments, large crypto firms, liquidation plan, News, Paxos, payment platform, proprietary technology, regulatory scrutiny, residual value, SEC, SI, SI stock, Silvergate Bank, Silvergate Capital Corporation, stock downgrade, tax assets, US Securities and Exchange Commission, USD value, voluntary liquidation, wind down plan / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

At 4:30 p.m. Eastern Time, Silvergate Bank announced its intention to wind down the crypto-friendly bank’s operations and voluntarily liquidate the company’s assets. The news follows significant financial troubles the bank faced, and the firm’s stock plummeted in value. Details of Silvergate’s Wind Down and Liquidation Plan Over the last six months, Silvergate Capital Corporation’s […]

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Coinbase Acquires One River Digital to Expand Institutional Access to Crypto Assets

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Cryptocurrency exchange Coinbase has acquired One River Digital Asset Management, an institutional digital asset manager and registered investment adviser with the Securities and Exchange Commission (SEC). This acquisition allows Coinbase “to expand institutional access to digital assets,” the crypto exchange said. Coinbase Expanding Institutional Access to Crypto Coinbase (Nasdaq: COIN) announced Friday that it has

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Coinbase Severs Ties With Silvergate Bank Amidst JPMorgan Downgrade and Delayed SEC Filing

Leave a Comment / 10-K filing, Accessibility, announcement, bankruptcy proceedings, Bitcoin, caution, client funds, cnbc, Coinbase, corporate exposure, Crypto Hacked, crypto-friendly, Cryptocurrency, derivatives platform, Developments, Downgrade, Ethereum, financial institution, ftx, jpmorgan, LedgerX, neutral, News, payment, safety, SEC, shares, Signature Bank, Silvergate, Silvergate Bank, Silvergate Shares, trading session, transactions, underweight, Volatile, Wall Street, wire transfers / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

On March 2, 2023, the cryptocurrency exchange Coinbase announced that, in light of recent developments, the company is “no longer accepting or initiating payments to or from Silvergate Bank.” The news follows the crypto bank’s delay of its annual 10-K filing with the U.S. Securities and Exchange Commission (SEC) and JPMorgan’s downgrade of the company’s

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Coinbase to Suspend Trading of BUSD Amid Regulatory Crackdown

Leave a Comment / Binance, Bitcoin, BUSD, BUSD Coinbase, circulating supply, Coinbase, Coinbase BUSD, Crypto Hacked, Crypto Supporters, Cryptocurrency, Cryptocurrency Exchange, cryptocurrency market, Delist, delisting, Ethereum, Impact, listing standards, March 13, Market Capitalization, News, NYDFS, Paxos, regulatory crackdown, reserve portfolio, SEC, Stablecoin, suspension, timing, token contract, Trade Suspension, trading, USDC, valuation, Value, Wallets, wells notice, wider market / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Cryptocurrency exchange Coinbase announced it will suspend trading and delist the Paxos-managed stablecoin asset BUSD. The decision follows Paxos’ revelation that the New York State Department of Financial Services directed the firm to stop issuing the U.S. dollar-pegged token BUSD. Coinbase to Suspend BUSD Stablecoin on March 13 On Feb. 27, 2023, Coinbase announced that

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Custodia CEO Slams US Government Over Broad Crackdown, Lack of Regulatory Clarity in Crypto Industry

Leave a Comment / Bitcoin, Blog Post, Brian Armstrong, Broad Crackdowns, Caitlin Long, ceo, CFTC, Coinbase, collapse, Congress, Crackdown, Crypto Hacked, crypto industry, Cryptocurrency, Custodia, do kwon, enforcement actions, Ethereum, Fraud, ftx, FTX collapse, Jesse Powell, Kraken, misconduct, offshore, overregulation, policymakers, red flags, Regulation, regulatory clarity, Sam Bankman-Fried, sbf, SEC, securities regulator, spaghetti, terraform labs, Twitter, US government, White house / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Caitlin Long, CEO of crypto bank Custodia, criticized the U.S. government for its handling of a massive crypto fraud that occurred months before the company’s collapse. She made her remarks in a blog post after disclosing evidence to law enforcement. Long’s post followed Custodia’s unsuccessful application to become a member of the Federal Reserve System,

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Coinbase Argues Its Staking Services Are Not Securities, Criticizes SEC Regulatory Approach

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Coinbase, one of the biggest cryptocurrency exchanges in the U.S., has stated that the staking services offered on its platform do not constitute securities. The statements, made in the wake of the $30 million settlement that Kraken, another U.S.-based crypto exchange, completed with the U.S. Securities and Exchange Commission (SEC), also criticize the institution’s approach

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JPMorgan Estimates Ethereum Shanghai Upgrade Might Bring More Investors to Stake in the Protocol

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JPMorgan, one of the biggest financial institutions in the world, estimates that the arrival of the next Ethereum upgrade, codenamed Shanghai, will bring more investors to stake their funds in the protocol. The firm believes that this number might reach 60% of the ether issued, a number already staked in other blockchain networks. JPMorgan Expects

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Coinbase CEO Brian Armstrong Expresses Concern Over Rumors of SEC Ban on Crypto Staking for Retail Customers

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Brian Armstrong, CEO of Coinbase, expressed concern about rumors that the U.S. Securities and Exchange Commission (SEC) may eliminate cryptocurrency staking for retail customers in the United States. Armstrong insisted that “staking is not a security” and that the trend allows users to “participate directly in running open crypto networks.” Coinbase CEO Vocalizes Worry Over

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Ethereum Liquid Staking Trend Continues to Swell; 5 Platforms Control 97% of Market

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As of Feb. 7, 2023, the value locked in 11 Ethereum-based liquid staking protocols has risen above $11 billion, with Lido, Coinbase, and Rocket Pool recording 4-10% gains over the past month. Lido holds more than 73% of the total value locked (TVL) out of the 6.87 million ether held by the 11 liquid staking

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US Judge Dismisses Customer Lawsuit Against Crypto Exchange Coinbase

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A U.S. district judge has dismissed a lawsuit against Coinbase and its CEO Brian Armstrong filed by customers of the crypto exchange. The lawsuit alleges that Coinbase sold 79 crypto tokens that are unregistered securities. Customer Lawsuit Against Coinbase Dismissed A proposed class action lawsuit filed in Manhattan by customers of cryptocurrency exchange Coinbase (Nasdaq:

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