Shares Financial News
09.03 / 19:29
shares
Silvergate short bets amass $780 million payday as crypto bank sinks
Silvergate Capital Corp.Shares have plunged roughly 98% from a November 2021 peak, earning bearish bettors about $780 million in mark-to-market profits in the process, including more than $190 million last week alone as questions about Silvergate’s viability surfaced, data from S3 Partners show.Wagers against the stock surged in recent months as crypto contagion spread across the market and setbacks for the bank accumulated. About 85% of Silvergate’s float is sold short, one of the highest rates among US stocks, S3 data show. Traders looking to increase short exposure are now hampered by a severe lack of stock available to borrow and rising financing costs, said Ihor Dusaniwsky, the head of predictive analytics at S3.
24.02 / 04:45
business
Lightning Network
shares
Bitcoin
Bitcoin Price
Mobile Payments
Q4
Block's Q4 Bitcoin revenue down 7% on crypto price decline
Jack Dorsey’s payment company Block Inc. reported $1.83 billion of Bitcoin (BTC) revenue from its Cash App business unit in the fourth quarter, representing a 7% fall from the same time last year.
27.01 / 08:29
business
Mining
regulation
NASDAQ
shares
Bitcoin
class action
Argo Blockchain accused of misleading investors in class action lawsuit
Investors of crypto mining firm Argo Blockchain have filed a class action lawsuit accusing the miner of making untrue statements and omitting key information during its initial public offering (IPO) in 2021.
23.01 / 09:25
business
coinbase
Analysis
stocks
exchanges
shares
analysts
Costs
Coinbase cut costs and bolstered rep, but profits remain challenged: Analysts
Cryptocurrency exchange Coinbase won’t escape from the profitability challenges it will face from the crypto market downturn, despite having a strong brand and credibility in the crypto market, according to investment analysts.
13.01 / 05:37
business
Bloomberg
shares
Crypto exchange WonderFi confirms merger talks with Coinsquare
Crypto exchange WonderFi, which is backed by crypto investor and billionaire Kevin O’Leary, has confirmed it is in preliminary discussions with fellow Canadian crypto exchange Coinsquare for a possible merger.
28.12 / 07:21
business
Court
Bankruptcy
shares
SBF borrowed $546M from Alameda to fund Robinhood share purchase
Sam Bankman-Fried, the disgraced founder of cryptocurrency exchange FTX, borrowed over $546 million from the exchange’s sister firm Alameda Research to fund his purchase of Robinhood shares.
29.11 / 04:09
business
Law
Court
shares
Fried
BlockFi sues FTX's Bankman-Fried over shares in Robinhood
Newly-bankrupt crypto lending platform BlockFi has filed a lawsuit against Sam Bankman-Fried’s holding company Emergent Fidelity Technologies seeking his shares in Robinhood that were pledged as collateral earlier in November.
23.09 / 19:49
Law
regulation
Investments
shares
Lawyers
Lawyers for Celsius investors file motion to have interests represented in court
An international law firm representing groups of Celsius investors has filed a motion to appoint a committee to represent their interests in the crypto lending firm’s bankruptcy case.
17.08 / 09:11
business
stocks
shares
Bitcoin Price
exit
Experts explain what 'Big Short' Michael Burry's stock exit means for crypto
Michael Burry, the investor who famously shorted the 2008 housing bubble, has dumped nearly all the stocks in his portfolio during Q2, suggesting there may be carnage ahead for stock and crypto markets.
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