Silvergate Bank

Where Is Diem Creator David Marcus Headed Next?

David Marcus, co-founder of the Diem project (formerly Libra) originally launched from Meta (formerly Facebook), tweeted Tuesday, predicting that bitcoin will be the No. 1 ass...

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Feb 3, 2022 at 1:11 a.m. UTC

Feb 3, 2022

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Diem Confirms Shutdown as Silvergate Acquires the Project's Assets

Video

Libra

Diem Confirms Shutdown as Silvergate Acquires the Project’s Assets

CoinDesk’s Nikhilesh De weighs in on Silvergate Bank confirming Monday it’s purchasing the technology and other assets from Diem, the stablecoin project from Meta Platforms (f...

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Feb 1, 2022 at 10:14 p.m. UTC

Feb 1, 2022

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Meta Joins Block’s Crypto Open Patent Alliance as Diem Reportedly Winds Down

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Facebook

Meta Joins Block’s Crypto Open Patent Alliance as Diem Reportedly Winds Down

Meta (formerly Facebook) is joining the Crypto Open Patent Alliance (COPA), a consortium of tech and crypto companies led by Jack Dorsey’s payments company, Block (formerly Sq...

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Feb 1, 2022 at 12:45 a.m. UTC

Feb 1, 2022

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Finance

Banking

Silvergate Took $4.3B in Deposits From Digital Currency Customers in Q2

The majority of the bank’s new deposits came from cryptocurrency exchange clients.

By Nate DiCamillo

Jul 20, 2021 at 2:42 p.m. UTC

Jul 20, 2021

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Video

Binance

Silvergate Bank to Discontinue Binance USD Deposits, Withdrawals

Crypto-friendly Silvergate Bank has discontinued Binance deposits and withdrawals. “The Hash” weighs in on the state of the crypto banking sector and what may be going on with...

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Jun 11, 2021 at 10:09 p.m. UTC

Jun 11, 2021

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Finance

Silvergate bank

Silvergate Bank to Discontinue Binance USD Deposits, Withdrawals

“We are working hard to provide an alternative USD solution,” the exchange told traders in a widely shared email whose authenticity CoinDesk confirmed.

By Tanzeel Akhtar

Jun 10, 2021 at 10:32 p.m. UTC

Jun 10, 2021

Silvergate BankBinance

Markets

Libra

Facebook-Backed Diem Partners With Silvergate Bank to Issue US Dollar Stablecoin

Diem is moving its "primary operations" from Switzerland to the U.S.

By Nikhilesh De

May 12, 2021 at 8:26 p.m. UTC

May 12, 2021

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Finance

Banking

Signature Bank Goes Head-to-Head With Silvergate in Bitcoin-Backed Lending

Signature’s CEO said on an earnings call Wednesday the bank wants it to be a “no-loss business.”

By Nate DiCamillo

Apr 21, 2021 at 5:54 p.m. UTC

Apr 21, 2021

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Markets

Silvergate bank

Silvergate Execs Pressed by Analysts on Yield From Crypto Customer Deposits

In a low interest rate environment, CEO Alan Lane said he is more focused on keeping the Silvergate Exchange Network liquid with readily available deposits than in juicing sho...

By Nate DiCamillo

Apr 20, 2021 at 11:08 a.m. UTC

Apr 20, 2021

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