The recently failed financial institutions were confronted with a variety of issues that had an impact on their operations. For instance, Silvergate was subject to a number of regulatory actions as a result of its business interactions with the defunct FTX exchange, the exchange’s founder Sam Bankman-Fried, and Alameda Research, Silvergate’s sister company. It also … Read more
Last week, Silicon Valley Bank (SVB) said it would be closing its doors, which sent shockwaves across the banking industry and forced the top US authorities, including the Fed and the FDIC, to take action. Even while the Fed successfully prevented the contagion from extending further, recent information on insider stock sales has brought up … Read more
The value of Dogecoin (DOGE) on the cryptocurrency market has dropped as widespread panic and anxiety followed the collapse of Silicon Valley Bank on Friday morning, the second-largest commercial bank collapse in U.S. history. Market sell-offs have been spurred by the collapse (1) of crypto-friendly bank Silvergate, with the current valuation of top meme tokens … Read more