Bitcoin continued to trade lower on March 9, as prices fell to a fresh multi-week low in today’s session. The decline came as crypto bank Silvergate confirmed that it will be winding down operations. ...
Tag: silvergate
Silvergate Shutters in Latest Blow to Crypto
The collapse of Silvergate Bank is dragging down bitcoin volume. CryptoQuant data shows that transfer volume, denominated in BTC, is down 35% over the last 24 hours. At the same time, the total number...
Signature Bank stock drops sharply after Silvergate announces winddown
Signature Bank SBNY, -1.47% stock is down 11% in premarket trades as carnage from the announced wind-down of digital currency financial services company Silvergate Capital Corp. SI, -5.76% impacted th...
Silvergate, Etsy, SVB Financial, Uber and more
Pavlo Gonchar | Lightrocket | Getty Images Check out the companies making headlines before the opening bell: Etsy — Shares fell more than 6% in premarket after Jefferies double-downgraded the online ...
Silvergate failure draws attention of government exes and crypto community
The failure of the crypto-friendly bank Silvergate has sparked a conversation about who was responsible for the fall of the first domino and where crypto companies might go for their banking requireme...
Marathon terminates credit facilities with Silvergate
In the same week that crypto-friendly Silvergate Bank said it would close operations, bitcoin mining company Marathon Digital paid off its term loan. It terminated its credit facilities with the bank....
Game Over: Silvergate Bank in Liquidation
The threat of bankruptcy has extended and nothing else could save the crypto bank except itself. Silvergate announced today it would shut down operations and liquidate its bank in an effort to cope wi...
Silvergate troubles affecting crypto’s USD market depth
Ad Crypto’s US Dollar market depth has significantly dropped over the past month following Silvergate’s struggles, according to Kaiko data. US exchanges are becoming less liquid. Kaiko said U.S.-based...
Mike Novogratz Claps Back At Sen. Warren Over Silvergate Criticism
In a recent development, a crypto investor jabbed Senator Elizabeth Warren for criticizing Silvergate bank. Warren shared a Twitter post, reacting to the recent collapse of the bank and reminding the ...
Silvergate to wind down operations and liquidate the bank
Amid the crisis surrounding Silvergate, the parent company of Silvergate Bank, Silvergate Capital Corporation, has revealed plans to shut down operations and “voluntarily liquidate” the bank. The cryp...
Silvergate shares go down 43.8% in after-hours trading
Silvergate Capital shares have gone down 43.8% in after-hours trading. The company is in the process of liquidation and winding down its operations. Silvergate had almost a billion-dollar loss when F...
Signature Bank plummets in share price pre-market, after news of Silvergate halting operations
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Silvergate Announces Voluntary Liquidation: What Does it Mean for Bitcoin?
Following the collapse of FTX – and the subsequent inquiries into just how much Silvergate knew about the business dealings of the FTX Group – trouble began brewing for the bank. Looming Trouble These...
Marathon Digital Pays Off Term Loan, Cuts Credit Facilities With Silvergate
Marathon Digital Holdings has announced the repayment of its term loan and the termination of its credit facilities with Silvergate Bank, resulting in a $50 million reduction of debt, according to a s...
Silvergate Bet Everything on Crypto, Then Watched It Evaporate
(Bloomberg) — Silvergate Capital Corp. spent its final days under siege. Most Read from Bloomberg Bombarded by shortsellers, deserted by depositors and shunned by business partners, executives a...
Silvergate Capital Corporation Voluntarily Liquidates Bank Assets
31 seconds ago | 2 mins read Bitcoin News Silvergate winds down and is in process of voluntary liquidation. Bank plans to repay all the deposits after the liquidation. Silvergate, the crypto-friendly ...
Silvergate (SI) Stock Tanks 11% Amid Talks With U.S. FDIC
– Advertisement – Silvergate Capital’s share price slumped more than 11% earlier today. Officials from the U.S. Federal Deposit Insurance Corp are currently in talks with the crypto bank....
Silvergate Bank Remains Doubtful About its Future, Says Analyst
DeFi Surfer published a blog detailing the fall of Silvergate Bank. Though the bank saw its peak in 2021, it started falling, currently reaching a phase of decline by 97%. The content creator also ana...
Silvergate Capital to Liquidate Bank Amid Regulatory Crackdown
Silvergate Capital, a central lender to the cryptocurrency industry, has announced the winding down of its operations and the liquidation of its bank. The company is one of the two primary banks for c...
Silvergate Working Out a Rescue Plan with FDIC Officials
FDIC officials are reportedly looking at the books and records of Silvergate Bank and could provide a remedy for bank to come out of the turmoil. Crypto-focused bank Silvergate Capital is facing a maj...
Silvergate downfall sparks debate over whose fault it actually was
The voluntary liquidation of crypto-friendly bank Silvergate has sparked many to share their thoughts about the source of its troubles and the broader impact of the bank’s collapse on crypto. From la...
Silvergate Corp., to Liquidate and Wind Down Operations as Regulatory Pressure Mounts
Silvergate Corporation, the parent firm of Silvergate Bank, has announced that it plans to wind down operations and liquidate the bank voluntarily. This decision follows the collapse of the crypto exc...
Bitcoin Dives Below $22,000 As Crypto-Friendly Bank Silvergate Prepares to Shut Down
Crypto-friendly bank Silvergate says it’s decided to wind down operations and liquidate, making it the latest company to be leveled by the collapse of FTX. The news triggered a 36% after hours crash i...
Silvergate Contrarian Bet Soured for Peter Thiel-Backed Block.one, Bill Miller
(Bloomberg) — Just months before Silvergate Capital Corp. announced that it was winding down, banking’s first casualty from the crypto industry’s implosion, a company called Block.one was boosti...
Marathon Ends Credit Facilities with Silvergate, Prepays Loan
Marathon Digital, a leading Bitcoin miner, cuts ties with Silvergate Bank in the latest development aired on March 09. This development came at a time when Silvergate Capital Corporation (the parent c...
Marathon Digital terminates credit facilities with Silvergate Bank
Bitcoin mining firm Marathon Digital has paid off its term loan and terminated its credit facilities with crypto-friendly Silvergate Bank, just as the bank announced it will be winding down operations...
Crypto-Friendly Silvergate Bank to Wind Down Operations
On Wednesday, March 8, Silvergate Corporation (NYSE: SI) – the parent firm of troubled crypto-friendly bank Silvergate Capital, announced its intentions to wind down the operations as well as liquidat...
Marathon says it has repaid Silvergate loan, terminated credit facility
Ad Marathon Digital said that it has repaid a term loan and terminated its credit facilities with Silvergate Bank, according to a press release published on March 8. Marathon reduces debt, strengthens...
Crypto Bank Silvergate Will Shut Down Amid Financial Peril
Topline California crypto banking giant Silvergate Capital announced Wednesday it is ending operations and liquidating its Silvergate Bank, sending its stock price plummeting, following a months-long ...
Silvergate Capital will liquidate after crypto collapse wipes out bank
Silvergate Capital (SI) said Wednesday afternoon it will wind down operations and voluntarily liquidate its bank after a collapse in the crypto market saw billions in deposits leave the bank in recent...
Silvergate Short Bets Amass $780 Million Payday as Crypto Bank Sinks
(Bloomberg) — Short sellers are making a fortune by loading up on bets against struggling crypto-friendly bank Silvergate Capital Corp. Most Read from Bloomberg Shares have plunged roughly 98% f...