Tag: Silvergate
JPMorgan Says Finding Silvergate Substitutes a Challenge in Crypto Markets
JPMorgan Reports After Leading Crypto Bank Silvergate Announces Suspension of Services The crypto market will face big challenges. Silvergate is a gateway to institutional clients in the crypto industry, with…
Crypto Industry Prepares for Impact of Silvergate Shutdown – Bitcoin Addict
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Bitcoin Drops 6%, Hits Seven-Week Low as Investors Concern Silvergate Impact
Radius Expert in writing news articles related to Bitcoin, Cryptocurrencies and Blockchain both in Thailand and abroad, updating prices, investment perspectives. latest every day source site
Silvergate Capital Corporation Announces Closure of Silvergate Bank Operations
Silvergate Capital Corporation said it would voluntarily cease operations and liquidate Silvergate Bank in accordance with relevant regulatory procedures. In an announcement on March 8, Silvergate Capital Corporation said The…
Silvergate shuts down its crypto payment network, claiming it is “Risk Based Decisions”
Crypto bank Silvergate announced on March 3 that it was phasing out its crypto payment network, citing the termination as “a scam”. The move comes after the bank’s shares have…
Bankruptcy Court Judge Orders Silvergate to Return $9.9 Million to BlockFi
A bankruptcy judge has ordered Silvergate Bank to return nearly $9.9 million to crypto lender BlockFi, coming days after the bank said it was “dissolving the issue.” “Reevaluating their business”…
Coinbase Announces It Will No Longer Accept Silvergate Bank Payments
Coinbase announceIt has ended its partnership with Silvergate Bank as a banking partner. citing ongoing investigations At Coinbase all client funds continue to be safe, accessible & available. In light…
MicroStrategy has confirmed that it does not have any assets maintained by Silvergate.
MicroStrategy (MSTR) said it has no assets held by Silvergate Capital (SI) and is not financially connected to the bank in any other way. In addition to loan repayments in…
Silvergate Reports $1 Billion in Net Investment in Q4 2022
Silvergate Bank, which is facing class action lawsuits over the FTX deal and Alameda Research, has posted a net loss of $1 billion. In the fourth quarter of 2022 inreport…
Silvergate Stocks Drops 41%, Cuts Over 200 Employees, Cuts Bad Debt After Tough Crypto Winter
Shares of Silvergate Capital (SI), a crypto-focused bank, tumbled more than 41% after announcing more than 200 job cuts, bringing its stock price to about $12.89. The bank is considering…