Generative Data Intelligence

Tag: Silvergate Bank

This Week in Coins: Market Crashes as SEC Slams Binance and Coinbase – Decrypt

Crypto markets crashed hard this week on news that the U.S. Securities and Exchange Commission had launched enforcement actions against Binance on Monday, followed...

Bitcoin, Ether rise amid ‘swoon-soar’ trading after SEC lawsuits against Binance, Coinbase

Bitcoin prices rose in Friday morning trading in Asia, but failed to break back above US$27,000 after a rollercoaster week in crypto markets following...

SEC intensifies crackdown on Binance

The U.S. Securities and Exchange Commission (SEC) has submitted a new court filing to support its lawsuit against the world’s largest cryptocurrency exchange, Binance....

CFTC Sees ‘Significant Risks’ From Digital Assets

US Regulator Seeks To Reassess Risk Frameworks To Keep Pace With Evolving Markets The Commodity Futures Trading Commission is seeking public comment to reassess its...

Crypto Biz: Six months on from FTX, Tether mines BTC, and Nvidia’s AI superchips

Just over six months after FTX’s dramatic collapse, the crypto industry can finally begin analyzing the effects of the debacle. The quick ripple effect...

Cryptocurrency Regulatory and Legislative Analysis #10

Cryptocurrency Regulatory and Legislative Analysis #10June 2, 2023Demetrios TseasRegulatory and Legislative Analysis – GLOBALTransparency International publishes report on illicit use of cryptoOn May 3,...

Federal Reserve Gives Consent Order to Silvergate Capital Corporation for Voluntary Self-Liquidation

The Federal Reserve Board announced a consent order against Silvergate Capital Corporation and its subsidiary Silvergate Bank on Thursday, providing the necessary regulatory supervision...

SBF’s Fraud Defense Centered Around Legal Advice from Old Law Firm

Sam Bankman-Fried’s lawyers plan to argue that their client was acting on the advice of a Silicon Valley law firm with regards to...

A Stablecoin Bank Run Could Pose “Systemic Risk” to the Financial System: EU Watchdog

The European Systemic Risk Board (ESRB) published a report on Thursday outlining the top 3 nightmare scenarios in which a crypto industry crisis...

Binance Accused of Commingling Customer Funds and Revenue, Says Reuters Report

Binance, the world's largest cryptocurrency exchange, is facing allegations of having commingled customer funds with company revenue in 2020 and 2021, violating U.S. financial...

Binance Jumbled Customer Funds with Company Revenue: Report

Binance, the largest cryptocurrency exchange by trading volume, mixed up customer funds with company revenue between 2020 and 2021, Reuters reports on Tuesday, citing “three sources...

Binance Refutes Reuters’ Claims of Commingling: “Story is so weak”

Key Takeaways Reuters published an article on May 23 that stated that Binance allegedly commingled customer money based on an insider scoop. Binance denies the allegations,...

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