City Silvergate Financial News
29.11 / 13:33
Blockchain
regulation
Banks
Customer
FTX reportedly used Alameda's bank accounts to process customer funds
The FTX contagion saga sees new revelations around its misconduct every other day, and the latest one solidifies the collusion between the failed crypto exchange and its sister company Alameda Research from the very beginning.
29.11 / 08:07
business
Bankruptcy
FUD
Silvergate denies recent FUD, confirms minimal exposure to BlockFi
Institutional crypto services provider Silvergate Capital has confirmed its minimal exposure to the embattled BlockFi crypto lending firm.
24.11 / 18:09
EOS
stake
One of the Richest People in Crypto Just Bought a 9.3% Stake in Silvergate Capital, Becomes Largest Shareholder
Brendan Blumer, known as one of the creators of the EOS blockchain and one of the richest people in the crypto space, has bought a 9.3% stake in the crypto-friendly bank Silvergate Capital, a new SEC filing has revealed.
24.11 / 01:09
business
CEO
banking
Block.one and its CEO become largest Silvergate Capital shareholders
Brendan Blumer, CEO of Block.one, which developed the EOSIO blockchain platform and EOS (EOS) coin, has purchased a stake in Silvergate Capital, the holding company for Silvergate Bank, a crypto-fiat gateway network designed for financial institutions, according to an SEC filing. That document, dated Nov. 23, listed Nov. 16 as the date of the transaction.
21.11 / 11:03
Contagion fears emerge at crypto bank Silvergate Capital after FTX debacle
Earlier this month, Silvergate Capital gathered its staff to celebrate its transformation into the go-to bank for the crypto market. Then, the crypto market blew up.
21.10 / 18:39
business
Binance
Bankruptcy
Crypto Biz: Bear market claims another casualty
Three Arrows Capital. Celsius. Voyager Digital. The list of crypto bankruptcies, shutdowns and trading freezes has been endless in 2022. And the year isn’t over yet. This week, German crypto bank Nuri urged its users to withdraw funds ahead of the company’s planned shutdown in December — at least Nuri’s users were given proper notice.
06.10 / 20:39
15.08 / 13:39
UPS
Digital
Small banks are going on a wild ride thanks to crypto
When big banks steered clear of cryptocurrency companies, a handful of small lenders eagerly courted the booming businesses. Now, they are dealing with the bust.
11.08 / 03:13
26.07 / 19:23
Dogecoin
Cardano
Polkadot
avalanche
Crypto Price Today Live: Dogecoin, Avalanche, Cardano, Polkadot shed up to 5%
The crypto Fear & Greed index has improved over the past few days but fear is not over yet. On the other hand, all eyes are set on the US Federal Reserve's monetary policy meeting this week.
17.06 / 00:09
BTC
CEO
MicroStrategy
Bitcoin
MicroStrategy pushes away Margin Call rumours
MicroStrategy’s bank account now holds 129,218 Bitcoins. In fact, some believe the firm may be obliged to liquidate or pledge a significant portion of its Bitcoin reserves as collateral as a result of Bitcoin’s price fall.
15.06 / 10:57
cryptocurrency
Bitcoin news
Bitcoin
Bitcoin Price
Bitcoin hovers near MicroStrategy 'margin call' price
cryptocurrency markets on edge. MictroStrategy, an aggressive investor in bitcoin, said it borrowed $205 million from crypto bank Silvergate Capital in March, with the three-year loan mostly secured against some 19,466 bitcoins. If the bitcoin price dropped below about $21,000 that would trigger a «margin call» or a demand for extra capital, MicroStrategy President Phong Le said in webcast in May.
14.06 / 17:21
21.03 / 20:37
16.03 / 05:15
Blockchain
NFT
Metaverse
Meta Ceo
Instagram is adding NFTs soon says Mark Zuckerberg
Meta CEO Mark Zuckerberg has revealed that its video and photo sharing app, Instagram, is preparing to add non-fungible tokens (NFTs) to the platform.
16.03 / 05:15
business
Facebook
Libra
Blockchain
Diem team members raise $200M to launch blockchain derived from it
Former Meta employees and key players behind the firm’s defunc stablecoin project Diem have raised $200 million to expand a new project dubbed “Aptos.”
02.02 / 12:43
Facebook
Ethereum
cryptocurrency
Bitcoin
Death knell for Mark Zuckerberg's crypto dreams after regulators block Meta's Diem
A once-ambitious but now faltering Facebook-backed digital currency project known as Diem is dead, its assets sold to bank holding company Silvergate Capital.
01.02 / 18:17
CEO
Platform
coinbase
Gemini
Lost
Meta’s stablecoin project, Diem now sold – is it a lost cause or a new beginning?
As the regulatory hurdles were getting worse for Meta-backed Diem, Facebook-parent has now abandoned the project for good, as per a recent statement. And, Silvergate Capital has come in to acquire the asset and the intellectual property rights for the cryptocurrency project.
01.02 / 13:45
Blockchain
Silvergate Capital plans to buy some blockchain assets from Facebook’s Diem Group
Silvergate Capital shares surged in premarket trading on 1 February after announcing it was buying certain assets related to running a blockchain-based payment network from Diem Group, the Facebook-backed cryptocurrency project that is winding down.
01.02 / 11:41
Stablecoin
Payments
banking
Meta Says Adios to Diem – But Its Buyer Wants to Launch a Token of its Own
Meta, the company formerly known as Facebook, is set to wash its hands of its ill-fated Diem stablecoin plans once and for all – but there may yet be a twist in the tale as the firm that will buy the coin’s assets and intellectual property (IP) could yet launch a token of its own.
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