Archive: silvergate bank
Crypto Insider: Behind the Bank Runs
By Early Investing on March 22, 2023
Banks are having a rough month. First Silvergate Bank collapsed, with the company announcing its liquidation on March 8. Then Silicon Valley Bank collapsed two days later on March 10. And then two days after that, on March 12, Signature Bank was shut down by regulators. By the numbers, Signature Bank’s collapse is the third-largest failure in U.S. banking history. Silicon Valley Bank is the second-largest failure, right behind Washington Mutual’s collapse in 2008. So banks…
Where Silvergate, SVB and Signature Went Wrong
By Vin Narayanan on March 17, 2023
For people my age, Han Solo telling Luke Skywalker “Great, kid! Don’t get cocky!” after Luke shot down a ship for the first time is a seminal movie moment. As a kid, I didn’t even know what “cocky” meant! But I…
Crypto Monitor: Silvergate and Silicon Valley Bank Implode
By Early Investing on March 10, 2023
It’s been a crazy week for the markets. Silvergate Bank announced its “voluntary liquidation” earlier this week. And Silicon Valley Bank (SVB) appears to be following in its footsteps. SVB is a major part of the tech and startup economy. It’s also America’s 16th largest bank. Its implosion…