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SILVERGATE CAPITAL CORP
Banks warier of serving crypto clients after blowups, regulatory scrutinyCross River Bank, for example, received requests from more than 100 new clients not all of whom were crypto companies seeking a safe harbor...- The 11 days of turmoil that brought down four banks and left a fifth teeteringSilvergate Capital Corp. was the first US bank to collapse, done in by its exposure to the crypto industry’s meltdown. With Silvergate’s ob...
- Moody's changes outlook on U.S. banking system to 'negative' after SVB collapseBank runs at Silicon Valley Bank, Silvergate Capital Corp and Signature Bank have deteriorated the operating environment for the sector tha...
- Crypto exchange Huobi says withdrew funds from failed US banksFunds that had been placed with Signature were also withdrawn and sent to other financial institutions, the spokesperson added.
- How is the Fed maneuvering the second largest banking failure in the USUS lenders were recently sent into a tailspin after SVB Financial Group, which specialises in venture-capital financing, announced a stock ...
- 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...
- Facebook's cryptocurrency venture to wind down after asset sale to SilvergateIt also throws into question how Meta plans to handle commerce in the metaverse, a futuristic digital environment that Chief Executive Mark...
- Facebook's cryptocurrency venture to wind down after asset sale to SilvergateThe sale was the culmination of several years of struggle for Meta's fintech unit, which lost most of its leadership, including director Da...
- 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...
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