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SILVERGATE CAPITAL
7 points: What caused the sinking of Signature Bank?Signature Bank had total assets of about $110.36 billion and total deposits of roughly $88.59 billion as of December 31. While a run on the...
Crypto stocks slide after Silvergate decides to shut downSilvergate's latest move only highlights high-profile collapses among crypto market players since last year. Shorting in shares of Silverga...
Bitcoin steadies near lows hit after fall of SilvergateSilvergate Capital Corp said on Wednesday it planned to close and voluntarily liquidate, after warning last week that it was evaluating its...
Crypto-focused bank Silvergate plans to shut down following blow from FTXThe decision to shutter the bank comes after the company warned last week that it was evaluating its ability to operate as a going concern,...
Silvergate short bets amass $780 million payday as crypto bank sinksWagers against the stock surged in recent months as crypto contagion spread across the market and setbacks for the bank accumulated. About ...
Silvergate's deepening crisis jolts crypto stocksSeveral crypto stocks also closed in negative territory. Crypto lending peer Signature Bank was down 2.5%.
Silvergate suspends crypto payments network; shares fall after-hoursSilvergate shares on Friday slumped more than 2% in after-hours trading, after closing up 0.9% at $5.77 in regular trade. The shares on Thu...
Bitcoin sinks to two-week low as Silvergate fallout hurts cryptoThe largest token sank as much as 6% before paring some of the slide to trade 4.4% lower at $22,380 as of 8:30 a.m. Friday in London. Small...
Coinbase, Galaxy, Paxos stop accepting transfers via Silvergate NetworkThe exodus threatens Silvergate’s SEN network, the bank’s key source of deposits and a platform for crypto participants to transfer money a...
Moody's downgrades Silvergate Bank's long-term deposit ratingSeveral brokerages downgraded or cut their price targets on the bank's stock after a preliminary earnings report in which crypto-focused Si...
Crypto firms off to rocky start in 2023 with outflows, layoffs and a lawsuitThe fallout from the collapse of crypto exchange FTX and criminal charges leveled against its founder Sam Bankman-Fried weighed heavily on ...
Silvergate’s ‘worst-case scenario’ fuels wider concern on CryptoThe stunning collapse of Sam Bankman-Fried’s FTX crypto empire, followed by his arrest in the Bahamas and extradition to the US last month,...
MicroStrategy scotches 'margin call' fears, says can withstand volatilityMicroStrategy, an aggressive investor in the highly volatile cryptocurrency bitcoin, borrowed $205 million from crypto bank Silvergate Capi...
Bitcoin hovers near MicroStrategy 'margin call' priceMictroStrategy, an aggressive investor in bitcoin, said it borrowed $205 million from crypto bank Silvergate Capital in March, with the thr...
Bitcoin nears MicroStrategy 'margin call' priceIf the bitcoin price dropped below about $21,000 that would trigger a "margin call" or a demand for extra capital, MicroStrategy President ...
No let up in crypto slide as Celsius halt leaves investors 'panicking'The world's largest cryptocurrency, Bitcoin, is down over 50% year to date and 28% since Friday.
Facebook's cryptocurrency venture to wind down and sell tech assetsMeta, formerly Facebook Inc, first unveiled plans for Diem, known as Libra earlier, in June 2019, as part of an effort to expand beyond soc...