Exchange News The lawsuit accuses Silvergate of playing a part in the collapse of FTX. Joewy Gonzalez filed the action on behalf of himself and others in a similar position. In the Southern District C...
Tag: silvergate
Silvergate faces class-action lawsuit over FTX and Alameda dealings
A class-action lawsuit against Silvergate Bank, Silvergate Capital Corporation and Silvergate CEO Alan Lane was filed at the California Southern District Court concerning accounts held by embattled cr...
Why Coinbase and Silvergate Shares Are Dropping Like Flies
The price of Coinbase (COIN) and Silvergate Capital Corporation (SI) have decreased by more than 90% since their respective all-time highs. The steep downtrend became worse in Nov. 2021, after the FTX...
Leading U.S. law firm Pomerantz files lawsuit against Silvergate Capital
Pomerantz LLP has filed a class action lawsuit against Silvergate Capital Corporation for its alleged involvement in a multi-million dollar money laundering scheme, making misleading statements concer...
Silvergate stock plummets below the two-year low
Silvergate, a crypto-friendly bank based in San Diego, becomes the latest victim of the crypto downfall. The company released a public statement pleading to have been exposed to the FTX debacle. Silve...
Bitcoin, crypto prices buoyant, while Coinbase hits all-time low as Silvergate sinks 12%
Bitcoin and other crypto prices are holding onto gains after better-than-expected inflation data ahead of the Fed’s last rate decision of the year. Crypto stocks didn’t fare so well,...
Silvergate Shares Drop to Fresh 2-Year Low Amid FTX Testimony
“Traders don’t want to hold Silvergate Capital this week as fears that any testimony from FTX could be damning,” said Edward Moya, senior market analyst of the Americas at Oanda. “Lawmakers are ...
Bitcoin up over the week, while Coinbase and Silvergate plummet, GBTC discount widens
Bitcoin and ether are trading higher ahead of U.S. inflation data and the Fed’s latest interest rate decision. Crypto stocks sank throughout the week. Bitcoin was changing hands at about $...
Silvergate CEO Tackles ‘Misinformation’, Short Sellers Amid Stock Downgrade
Silvergate Capital Corp (NYSE: SI) shares have plummeted 8.49% to $24.24 during Monday’s trading after Morgan Stanley slapped the stock with a rating downgrade. Weak Q3 performance coupled with the FT...
Bitcoin, crypto assets drop, Silvergate shares hit two-year low as stocks trend lower
Crypto and related assets slumped alongside traditional markets. Bitcoin slid 1% below the $17,000 mark to $16,845 at 10:15 a.m. EST, according to data via TradingView. Ether slipped 1.4% in th...
US lawmakers request answers from Silvergate over ties to FTX: Report
Three members of the United States Senate have penned a letter to Silvergate Bank demanding answers about the bank’s role in the loss of billions of customer dollars in the collapse of FTX. According ...
Coinbase slips 7%, Silvergate sinks over 4% as equities have another down day
Bitcoin and ether were little changed amid a plunge in equities. Bitcoin was trading just below $17,000, up about 0.2% by 4:00 p.m. EST, according to TradingView data. The leading cryptocurrency...
Silvergate Debunks Rumours Of A Liquidity Crisis Despite BlockFi, FTX Exposure ⋆ ZyCrypto
Advertisement     Silvergate bank has defended itself against allegations that it could be facing a liquidity crunch due to its close relationship with cash-beleaguere...
Analysis of Silvergate Capital’s FTX and BlockFi Public Letters
December 6, 2022, 12:06PM EST • 4 min read Quick Take December 5, 2022 Silvergate CEO Alan Lane releases public letter addressing FTX, Alameda and the recent market turmoil Closed December 5, 2022 tr...
Senators want more info on Silvergate’s ‘egregious failure’ on FTX
A bipartisan group of senators want more information from Silvergate Bank, a bank that caters to crypto and fintech clients, about the bank’s current financial wellbeing, while also taking the c...
Litecoin, dogecoin lead declines in crypto prices, Silvergate plummets pre-market
Altcoins led the drop in crypto markets as bitcoin and ether also slid. Silvergate sank over 11% in pre-market trading despite the CEO’s efforts to reassure the market. Bitcoin slipped 1....
Silvergate CEO says short-sellers spreading misinformation
Silvergate Capital Corporation (NYSE: SI) CEO Alan Lane has said short sellers and other people looking to capitalize on the latest uncertainty in crypto are the ones behind a lot of the speculation a...
Silvergate addresses FTX’s exposure, reassure stakeholders
Silvergate CEO Alan Lane wrote a Dec. 5 public letter to reassure stakeholders that the firm employs the best due diligence process and has a robust risk management control. Silvergate addresses FTX, ...
Silvergate CEO calls out ‘short sellers’ spreading misinformation
Silvergate Capital CEO Alan Lane has slammed “short sellers” and “other opportunists” for spreading misinformation over the last few weeks — just to score themselves a quick buck. In a Dec. 5 public ...
Silvergate CEO Attempts to Address Concerns in Public Letter
Citing “speculation – and misinformation – being spread by short sellers and other opportunists trying to capitalize on market uncertainty,” Silvergate Capital (SI) CEO Alan Lane in a publ...
Silvergate CEO seeks to reassure investors over crypto contagion
Silvergate Bank, which specializes in service to fintech and crypto clients including failed crypto exchange FTX and its sister hedge fund Alameda Research, published a letter from its CEO to reassure...
Cryptocurrencies rise as shares of Block and Silvergate decline with traditional markets
Crypto prices were in the green on Monday while stocks declined across the board. Grayscale’s ether trust hit a new low. Bitcoin has been trading above $17,000 since about noon EST on Sun...
Silvergate Capital, MGM Resorts, Bilibili, Murphy Oil & more
A United Airlines terminal at John F. Kennedy International Airport in New York January 24, 2011. Jessica Rinaldi | Reuters Check out the companies making headlines in premarket trading Monday. United...
Bitcoin dips under $17,000, Block and Coinbase see mixed fortunes and Silvergate sinks
Crypto prices traded down on Thursday as bitcoin flipped either side of $17,000 just 24 hours after reaching a two-week high. Meanwhile, crypto stocks traded in a wide range during the day’...
Howard G. Smith law firm launches investigations into Silvergate Capital
The law offices of Howard G. Smith have begun investigations into possible federal securities law violations by Silvergate Capital Corporation, according to a press release by the law firm on November...
Silvergate refuses the latest FUD, verifies the least exposure to BlockFi
Silvergate has verified a least exposure to a digital asset lender BlockFi. Silvergate has been a topic of many FUD (fear, uncertainty, and doubt) or wrong and confusing statements Relationship betwe...
Hibbett, Silvergate Capital, Chemours and more
Take a look at some of the biggest movers in the premarket: Hibbett (HIBB) – The sporting goods retailer’s stock slid 5.7% in the premarket after it missed top and bottom line estimates for its ...
Silvergate Capital has minimal exposure in bankrupt BlockFi
Silvergate Capital has made it clear via a press release on November 28, 2022, that it had very little exposure to the now-bankrupt BlockFi. Silvergate claims its funds in the distressed company is le...
Bitcoin, ether tick higher as Silvergate stock dips, GBTC discount widens
Cryptocurrencies traded higher, while some crypto-related stocks dipped over contagion fears. Bitcoin rose 1.6% from yesterday, trading at $16,448 at 8:30 a.m. Eastern, according to CoinGecko. ...