Silvergate News

MicroStrategy has increased its total Bitcoin holdings to 138,955 BTC, purchased for $4.1 billion at an average of $29,817 per coin.

Ethereum price is up today as an uptick in activity on the Ethereum network was followed by an ETH price rally to $1,850

Joining the Silvergate Exchange Network in 2019, Kraken is now looking for new ACH funding options.

The U.S. Treasury Secretary Janet Yellen said the federal government would intervene if necessary to protect other small lenders.

The banking coalition reportedly argued in a letter to federal regulators that it would bring stability to the banking industry and reduce the chances of “more bank failures.”

Cointelegraph breaks down the main events that led to the collapse of Silvergate, SVB and Signature Bank and explains what this all could mean for crypto.

The bailout of Silicon Valley Bank provided a significant advantage to BTC bulls on the weekly $1.2 billion BTC options expiry.

Breaking news and insightful views: Decentralize with Cointelegraph drops a new style of podcast curated for you by the Cointelegraph news team.

While Signature’s Barney Frank referred to the recent events with SVB as an “anti-crypto message,” Trezor’s Josef Tětek said they are “definitely good” for Bitcoin.

While two of the crypto industry’s biggest backers have fallen, crypto firms are not at a loss with a number of alternative and crypto-friendly support options available.

Some of the biggest firms in crypto have denied exposure to any of the failed banks in the United States.

Elizabeth Warren and Sherrod Brown didn’t miss a chance to attack the crypto industry after bank failures.

Fear and trepidation spread across the crypto market last week following the high-profile collapses of Silvergate Bank and Silicon Valley Bank.

Prominent members of the crypto community have expressed uncertainty after the loss of crypto friendly banks.

United States President Joe Biden said on Twitter that he is “firmly committed” to holding those responsible for the Silicon Valley Bank and Signature Bank collapse “fully accountable.”