City Silvergate Financial News
03.03 / 05:47
markets
Bitcoin
Bitcoin Price
Bitcoin price slides 5% in 60 minutes amid Silvergate uncertainty
The price of Bitcoin (BTC) has fallen over 5% from $23,500 to $22,240 in just over 60 minutes, amid a wave of uncertainty concerning crypto-friendly bank Silvergate Capital.
02.03 / 22:41
Taro
FGHT
CCHG
Best Crypto to Buy Today 2 March – FGHT, MKR, CCHG, CFX, TARO
On Thursday, the crypto market has experienced a significant downturn following signals of distress from Silvergate Capital, a prominent banker in the digital asset industry. Bitcoin's price has slipped by 1.99% in the past 24 hours, and is currently at $23,269.
02.03 / 21:05
Provident
Lowe's
SEC
coinbase
Silvergate Capital Delays Annual Report Pending Investigation, Stock Tanks 45%
Shares of cryptobank Silvergate Capital (SI) sank as much as 45% Thursday morning after the company said it would delay filing its annual report.
02.03 / 20:33
02.03 / 19:09
markets
coinbase
inflation
Bitcoin
Bitcoin Price
Coinbase stock
Bitcoin price risks $23K rerun as Coinbase stock falls over Silvergate
Bitcoin (BTC) erased early-month gains on March 2 as fresh market uncertainty erupted over solvency of crypto bank Silvergate.
02.03 / 17:27
business
regulation
coinbase
banking
Coinbase no longer accepts payments via Silvergate Bank
Cryptocurrency exchange Coinbase announced that it had terminated its partnership with Silvergate Bank as its United States dollar banking partner, citing an ongoing investigation. In a tweet, the exchange said:
02.03 / 16:19
02.03 / 01:37
15.02 / 20:49
15.02 / 20:13
Digital
ETF
SEC
coinbase
Software
MicroStrategy
Bitcoin
Q4
Citadel Securities and Soros Fund Management Made Crypto-Related Bets in Q4 2022
As the crypto industry stands at the cusp of a regulatory reckoning, Ken Griffin's Citadel Securities and George Soros' investment fund reported crypto-related bets during the last three months of 2022. The timing is curious given FTX's November collapse, but there is no way to determine if these bets were made before or after the crypto-exchange failed.
13.02 / 19:44
COST
UPS
Digital
Action
Fallout
Gemini
dividend
Digital Currency Group Halts Dividend Amid Genesis Crisis
Cryptocurrency conglomerate Digital Currency Group (DCG) said it halted dividend payments, telling shareholders that it's focused on strengthening its balance sheet by cutting costs as it copes with fallout from the FTX meltdown that was itself triggered by reporting by one of its own units.
13.02 / 18:20
31.01 / 19:59
regulation
FTX
Congress
lawmakers
US lawmakers
US lawmakers renew request for answers from Silvergate on FTX: Report
Several United States senators have reportedly penned a letter requesting answers from Silvergate Capital — the parent company of Silvergate Bank — related to the collapse of cryptocurrency exchange FTX.
13.01 / 14:19
Waves
Kraken
Huobi
Crypto.com slashes 20% of global workforce
Marszalek’s announcement published on the company site reads that despite the company growing to over 70 million users globally, the confluence of negative economic developments, ambitious growth, and the recent collapse of FTX have led to the decision to reduce employee numbers. He stated that the FTX collapse “significantly damaged trust in the industry.”
12.01 / 01:51
business
Southern
Nov
banking
Time
Silvergate hit with another class-action suit, this time for securities law violations
A class-action suit was filed against Silvergate Capital, operator of the Silvergate Exchange Network and parent company of Silvergate Bank, in United States District Court of Southern California on Jan. 10. The suit was filed on the behalf of all purchasers of Silvergate securities between November 9, 2021, and January 5, 2023, claiming violations of the Securities Exchange Act of 1934.
07.01 / 00:39
06.01 / 13:55
FTX
Silvergate Bank Suffers Run on Deposits as $8.1 Billion is Withdrawn - Will it Go Bust?
Silvergate Capital, a crypto-focused bank, suffered a bank run following the collapse of cryptocurrency exchange FTX, which forced the company to sell assets at a significant loss in order to honor $8.1 billion worth of customer withdrawals.
05.01 / 17:39
Withdrawals
How Silvergate rushed to cover $8bn in withdrawals as FTX crashed
The collapse of crypto exchange FTX sparked a run on Silvergate Capital, forcing the bank to sell assets at a steep loss to cover some $8.1bn in withdrawals.
05.01 / 16:53
cryptocurrency
Silvergate Capital shares sink as crypto-related deposits plunge, to cut workforce by 40%
Silvergate Capital Corp reported a sharp drop in fourth-quarter crypto-related deposits on Thursday and said it would cut its workforce by 40%, or about 200 employees, as withdrawals surged following the collapse of industry major FTX.
26.12 / 15:13
Adoption
FTX
Bitcoin
Early Amazon Investor Bill Miller is Still Bullish on Bitcoin Despite the Recent Crash – What Does he Know?
Bill Miller, a famed American investor, fund manager, and philanthropist, is still bullish on Bitcoin despite the recent crypto meltdown that has seen the price of the flagship cryptocurrency plunge by around 75% compared to its all-time high.
29.11 / 23:15
markets
Ethereum
Kraken
Ethereum derivatives look bearish, but traders believe the ETH bottom is in
Ether (ETH) rallied 5.5% in the early hours of Nov. 29, reclaiming the critical $1,200 support. However, when analyzing a broader time frame, the 24% negative performance in the past 30 days significantly impacts investors' sentiment. Moreover, investors’ mood worsened after BlockFi filed for bankruptcy on Nov. 28.
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