Yahamba njani iSilvergate

Inkonzo yokurhweba ikopi. I-Algo yethu ivula ngokuzenzekelayo kwaye ivale urhwebo.

I-L2T Algo inikezela ngemiqondiso enengeniso ephezulu kunye nomngcipheko omncinci.

24/7 urhwebo cryptocurrency. Ngelixa ulalayo, siyarhweba.

Ukuseta imizuzu eli-10 kunye neenzuzo ezinkulu. Incwadi yesikhokelo ibonelelwe ngokuthenga.

79% izinga lempumelelo. Iziphumo zethu ziya kukuvuyisa.

Ukuya kuthi ga kwi-70 yorhwebo ngenyanga. Kukho ngaphezu kwe-5 izibini ezikhoyo.

Imirhumo yenyanga iqala kwi-£58.

L2T Into

IINKCUKACHA

IINKCUKACHA

Yasekwa ngo-1986, iSilvergate (SI) yibhanki ekurhwetywa ngayo esidlangalaleni, kangangamashumi eminyaka, yayiyibhanki encinci yoluntu eLa Jolla, eCalifornia.

Ngendlela, iLa Jolla yindawo ethandwayo yokuthenga ikhaya leholide ukuba ukwizinto ezifana neziyobisi kunye nokurhweba ngabantu.

Ngenxa yokuba ikufuphi neTijuana, iLa Jolla ibe yindawo yokulahla imali amashumi eminyaka.

(Ngubani owaziyo... oku kunokungqina ukuba kufanelekile kwiintsuku nakwiiveki ezizayo njengoko iSilvergate saga isenzeka.)

Kwaye kwafika i-crypto.

Ngokulindela i-2020-2021 ye-crypto bull market, i-Silvergate yavelisa i-platform ye-tech proprietary - i-Silvergate Exchange Network (SEN).
I-SEN yaqhayisa i-24/7 ixesha lokuphumla kunye nokudluliselwa kwe-fiat ngokukhawuleza, okwenza kube yibhanki ye-crypto.

Yaba linyathelo lobulumko.

Ngo-2021, i-SEN yayisetyenziselwa ukudibanisa ngaphezu kwe-1,600 yokutshintshiselana kwe-crypto, amaziko emali, iimali ze-hedge, kunye nabathathi-nxaxheba bokuthengisa.

Bakhula ngokukhawuleza.

Iidipozithi zizonke ze-SI zisuka kwi-2 yeebhiliyoni zeedola kwi-Q1 2020 ukuya kwi-14.3 yeebhiliyoni zeedola kwi-Q4 2021.

Kwaye yayisisivumelwano esimnandi seSilvergate.

Abagcini be-Crypto babekulungele ukubamba i-fiat yabo kunye ne-Silvergate ngaphandle kweendleko zokubuyisela ukufikelela kwinethiwekhi ye-SEN.

KODWA, kulapho izinto zaba muncu...

Yintoni eyangalunganga
Ngo-2021, njengoko ibhalansi ye-Silvergate ibhalansi ngexesha le-crypto bull, ibhanki yathenga iibhiliyoni kwiibhilidi zexesha elide likaNondyebo wase-US.

Ngelishwa, bakwenza oko ngexesha lenzala ephantsi ngokwembali.
Xa i-Fed yonyuka amaxabiso, ezo Nondyebo ziye zaba nexabiso eliphantsi kwi-bond market. Ngapha koko, ekupheleni kwe-Q3 2022, iSilvergate yayinemali engaphezulu kwe-1 yeebhiliyoni zeerandi kwilahleko engazange ibonwe.

Yayingalunganga, kodwa yayiza kubonisa intlekele kuphela ukuba iSilvergate yayinyanzelwa ukuba ithengise.

Kodwa uyazi ukuba kwenzeka ntoni emva koko: FTX.

Ewe, iSilvergate yanyanzeleka ukuba ithengise.

Ukubaleka kweBhanki
Ngomhla we-11 kuNovemba ka-2022, i-FTX yafaka isicelo sokubhanga kwiSahluko se-11.

Zathi zakufika iindaba zokuba iSilvergate ityhilekile, abagcini bemali baye bothuka.

Bothukile, barhoxisa iimali zabo kwaye iidiphozithi zinqabile i-8 yeebhiliyoni zeedola, phantsi kwe-68% kwikota enye.

I-Silvergate yanyanzelwa ukuba ikhuphe i-6 yeebhiliyoni zeerandi ezithengileyo kwiminyaka emibini edlulileyo nge-7 yeebhiliyoni zeedola.

Yiyo loo nto kukho i ~$1 yebhiliyoni yomngxuma kwiphepha lomncono.
Into ehlekisayo kukuba...

Oku kwakulula ukukuphepha.

Ukuba bebehleli nje kwimali kunye nobutyebi bexeshana elifutshane, ngebelungile.

Yile ndlela i-USDC - i-stablecoin yesibini ngobukhulu - inokuthembisa ngokutshintshiselana kwe-1 ukuya kwi-1 yeedola zase-US nangexesha lokugijima kwi-stablecoin.

Isangqa, umkhuphi we-USDC, ugcina i-20% yemali kunye ne-80% ye-liquid kakhulu ye-T-bill yeenyanga ezi-3.

(I-USDC's reserve i-conservative ngaphezu kwazo zonke iibhanki ezinkulu.)

Abantu baya kugxeka i-crypto ngokubhubha kukaSilvergate, kodwa nantsi inyani:

I-Silvergate yayingenanto yakwenza ne-crypto kunye nayo yonke into yokwenza nolawulo olubi lwebhayibhile lomngcipheko.

Elula njengoko.

umbhali: UChris Campbell
umthombo: AltucherIyimfihlo