Crypto Trades at Risk After Bank Shutdowns
The digital-asset market is coming off of a turbulent year featuring a number of high-profile blow ups. Now, two shutdowns in the banking industry – SVB Financial Group’s Silicon Valley…
The Fed Is Putting together a team to keep tabs on Crypto/Bitcoin
Michael Barr, the Federal Reserve’s vice chair for supervision, tells an audience at the Peterson Institute for International Economics that the Fed is assembling “a specialized team of experts” to…
Silvergate to Wind Down Bank Operations
Silvergate Capital Corp. plans to wind down operations and liquidate its bank after the crypto industry’s meltdown sapped the company’s financial strength. The bank’s ties to FTX were being looked at…
Jobless Claims Rise to Highest Level Since December
US initial unemployment claims increased by 21,000 to 211,000 in the week ended March 4, Labor Department data showed. Mike McKee takes a look at the numbers on “Bloomberg Surveillance.” Follow…
What to Expect From the February Jobs Report
US payroll growth has topped estimates for 10 straight months. But what will the numbers from February show us and how will the Federal Reserve react? Bloomberg’s Mike McKee has…
Powell Says Fed Urging Banks to Be Careful With Crypto
“We’re watching what’s been happening in the crypto space and what we see is quite a lot of turmoil,” Federal Reserve Chair Jerome Powell says during his semiannual monetary report…
Silvergate Shuts Crypto Payments Network; Shares Fall
Analysts are downgrading Silvergate Capital Corp. following the bank’s decision to shut its cryptocurrency-focused payments network. Su Keenan reports on Bloomberg Television. Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and…
Silvergate’s Troubles Hurting Crypto | Bloomberg Crypto 03/07/2023
“Bloomberg Crypto” covers the people, transactions, and technology shaping the world of decentralized finance. Nic Carter, Founding Partner of Castle Island Ventures, discusses Silvergate’s mounting troubles and Grayscale’s legal battle…
Silvergate Is at Center of Storm, Says Nic Carter
Nic Carter, Castle Island Ventures founding partner, says Silvergate Capital is at the “center of the storm” when it comes to regulating the crypto industry. He’s on “Bloomberg Crypto.” ——–…
Silvergate’s Mounting Woes Are Hurting Crypto Traders
Silvergate Capital has stopped using a payment network that is critical to crypto traders. Bloomberg’s Sonali Basak explains why it’s so important on “Bloomberg Crypto.” ——– Follow Bloomberg for business…