Silvergate Capital Corporation – a digital asset bank based in California – revealed its deposit relationship to the troubled crypto firm BlockFi was limited to less than $20 million of its total depo...
Tag: silvergate
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. On Nov. 28, Silvergate announced that its deposit relationshi...
Silvergate Provides Statement on Minimal Exposure to BlockFi
LA JOLLA, Calif.–(BUSINESS WIRE)–Silvergate Capital Corporation (the “Company” or “Silvergate”) (NYSE: SI), the leading provider of innovative financial infrastructure solutions to the digital asset i...
Silvergate Capital reports less than $20 million in BlockFi deposit exposure
Crypto bank Silvergate Capital said that less than $20 million of its total deposits from crypto customers come from lender BlockFi, adding that it has “minimal” exposure to the company no...
Founder of EOS Developer Block.One Buys 9.3% of Crypto Bank Silvergate
Brendan Blumer, the founder and CEO of EOS developer Block.One, has bought 9.3% of crypto bank Silvergate Capital (SI), while Block.One bought an additional 7.5%, according to Securities and Exchange ...
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 ...
Block.one Along With CEO Bought 3M Shares of Silvergate Capital
The paperwork, dated Nov. 23, indicated Nov. 16 as the date of the transaction. This transaction will make them Silvergate’s biggest stakeholder. According to a filing with the SEC, Brendan Blumer, CE...
Block.one and CEO Blumer amass 17% stake in Silvergate
Block.one CEO Brendan Blumer has acquired a 9.3% stake in Silvergate with the Nov. 16 purchase of 2.9 million shares of the company’s stock, according to documents filed with the U.S. Securities...
Silvergate, Provident Bancorp, and Signature Suffer FTX Effect
Several major traditional banks with varying degrees of crypto exposure now find themselves unsure of their next move in the wake of the FTX collapse. Most banks are suffering a reduction in deposits ...
Coinbase, Silvergate rise in pre-market trading, GBTC lifts off fresh lows
Most major cryptocurrencies were lower on Tuesday morning, but some altcoins bucked the downward trend. Bitcoin was down 0.9% over the past 24 hours, trading at $16,003. Meanwhile, ether droppe...
FalconX resumes use of Silvergate’s payment network
FalconX, the crypto prime broker, resumed use of Silvergate’s payment network after pressing pause on the partnership last week. “Due to the heightened risk environment and Silvergate’s wire pay...
Coinbase Stock Hits All-time Low as Markets Scream ‘Risk-off’
Coinbase stock took a beating Monday, setting a new low-price point after dropping 8% on the day toward the end of the trading session in New York as investors dial down crypto-related risk in the wak...
Silvergate Stumbles, CZ’s Fund, And More
The market is still fumbling in the aftermath of the FTX debacle. However, CZ’s recovery fund announcement boosted morale on the pricing charts. Let’s find out more. Bitcoin According to recent data,...
What’s going on with Silvergate, the bank that props up the U.S. crypto market?
Earlier this week, cryptocurrency bank Silvergate announced that its exposure to FTX was limited to its deposits. The U.S. bank, which services the majority of the crypto industry in the country, said...
Markets Jittery As Silvergate Capital Faces Potential Bank Run
The crypto market continues to struggle in the wake of the stunning collapse of the FTX exchange. The latest casualty seems to be crypto bank Silvergate Capital. The crypto bank has seen a significan...
Is Silvergate In Trouble? Why Didn’t KYC And AML Prevent The FTX Fiasco?
Did Silvergate let FTX and Alameda share funds and bank accounts? Isn’t that illegal? Also, if one of the objectives of KYC and AML procedures is to stop money laundering, why didn’t Sam Bankman-Fried...
Bitcoin Will Always Have Buyers, Says Silvergate CEO
Bitcoin’s highest trading price was around $70K, recorded in 2021. Silvergate’s margin profit decreased by 4 percent in Q3 of 2023. The Chief Executive Officer of Silvergate, Alan Lane, believes tha...
Shares of Crypto Bank Silvergate Continue to Fall Despite CEO’s Remarks
Both institutional and retail investors have been on edge since FTX’s collapse as they attempt to anticipate the effects of a third market-disrupting contagion on the crypto market and the crypto indu...
Coinbase, Silvergate and crypto stocks tick lower, Grayscale trusts hit new lows
Crypto prices traded up marginally on Friday, while shares in Coinbase and Silvergate continued to trade lower. Bitcoin was up 0.1% over the past 24 hours, trading at $16,693. Meanwhile, ether ...
Stock of Crypto Bank Silvergate Tanks 17% After FTX Collapse
The shares of crypto bank, Silvergate, were down around 7%. Additionally, the other crypto-linked stocks rallied on November 15, 2022. Amid Silvergate Bank’s exposure to FTX, Goldman Sachs has cut dow...
The Block: Silvergate CEO sees silver lining for bitcoin: ‘There are always buyers’
Silvergate CEO Alan Lane said that bitcoin stands out from other digital currencies even amid the ongoing turmoil in crypto markets. He pointed, as evidence, to the breakdown of volumes of the S...
Silvergate Provides Mid-Quarter Update and Announces Participation in Oppenheimer’s 5th Blockchain & Digital Assets Summit
LA JOLLA, Calif.–(BUSINESS WIRE)–Silvergate Capital Corporation (“Silvergate” or the “Company”) (NYSE: SI), the leading provider of innovative financial infrastructure solutions to the digital asset i...
Silvergate stock sinks 12% on FTX links
Crypto bank Silvergate shares tanked 12% as the ripple effects of FTX’s collapse continue. Last week, the La Jolla-based crypto bank said its exposure to FTX was limited to deposits, but ...
Crypto Bank Silvergate Bucks Market Rally as FTX Exposure Is Questioned
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Silvergate Provides Statement on FTX Exposure
LA JOLLA, Calif.–(BUSINESS WIRE)–Silvergate Capital Corporation (the “Company” or “Silvergate”) (NYSE: SI), the leading provider of innovative financial infrastructure solutions to the digital asset i...
Crypto Bank Silvergate Capital Surges on Lack of FTX Exposure
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Silvergate Capital says FTX reflects less than 10% of its total deposits from digital asset customers
Silvergate Capital issued a statement to inform the public of its exposure to FTX and its related entities. The provider of financial infrastructure solutions to the digital asset industry adds to the...
Silvergate Capital Shares Pressured by FTX Debacle
Count Silvergate Capital among the publicly-traded crypto names hit by plunging stock prices triggered by this week’s sudden market downturn. Silvergate, a digital assets-focused, registered US bank,...
Silvergate Provides Statement on Digital Asset Market Volatility
LA JOLLA, Calif.–(BUSINESS WIRE)–Silvergate Capital Corporation (the “Company” or “Silvergate”) (NYSE: SI), the leading provider of innovative financial infrastructure solutions to the digital asset i...
Crypto bank Silvergate announces management shuffle
Crypto-focused bank Silvergate promoted a new president and chief risk officer just a few weeks after it posted earnings that missed estimates. The firm—which banks for a wide-range of crypto t...
Silvergate Shares Plummet 20% Amid Bearish Q3 Performance, Stablecoin Delays
Silvergate Capital Corp (NYSE: SI) shares have plummeted 19.5% over the past five days after the crypto-focused bank reported a rather bleak Q3 performance. As of this writing, Silvergate shares are t...
Silvergate Capital Stock Price Plummets 19.5% Post Q3 Report
27 mins ago | 2 mins read Bitcoin News The current crypto bear market also had a negative impact on SEN. Silvergate Exchange Network (SEN) volumes were lower than the industry average. The stock price...