stock market, stablecoin getty While stocks gained ground this week and many seemed to be recovering from the late February sell-off, these 3 well-known names slumped to new 52-week lows. CVS Health (...
Tag: silvergate
Silvergate suspends Silvergate Exchange Network as company reels from crises
Silvergate suspended its Silvergate Exchange Network on Friday, the result of what it called “a risk-based decision.” The network shutdown comes after Moody’s downgraded Silvergate’...
The Weekend Shift: Tether, Silvergate, and more
Welcome to the 108th Weekend Shift! What’s the deal? Over the weekend, we’ll update this post with some of the most interesting articles, podcasts, charts, and opinion pieces we’re too busy to write a...
Moody’s sees ‘significant governance deficiencies’ in Silvergate
Moody’s downgraded Silvergate for the second time in less than two weeks, citing a lack of capitalization as well as “governance deficiencies,” after the company Wednesday told the U...
Silvergate Bank Terminates Crypto Payments Network as Shares Plunge to Record Low – Featured Bitcoin News
Silvergate Bank has discontinued its cryptocurrency payments network. The decision to shut down Silvergate Exchange Network followed the withdrawal of banking relationships by several major cryptocurr...
Silvergate Bank to release nearly $9.9 million to BlockFi
A bankruptcy judge has ordered Silvergate Bank to release nearly $9.9 million to crypto lender BlockFi, days after the bank said it was “reevaluating its business” and could be “less than well-c...
Coinbase, Paxos halt business with Silvergate Bank
Coinbase (NASDAQ: COIN) has announced it is discontinuing its business relationship with Silvergate (NYSE: SI), a crypto-friendly bank that is looking increasingly in trouble following the crypto wint...
SHIB prices decline sharply following Silvergate implosion
After news surfaced that Silvergate, a crypto-favored bank, has financial problems, SHIB lost massive value. SHIB price declines Shiba Inu is among the top token to suffer severe losses in the past f...
Crypto’s favorite bank is on the brink. What happens if Silvergate fails?
After FTX’s collapse in November, experts warned of contagion, or the systemic damage that the crypto exchange’s failure could have on the broader sector. The biggest loser after FTX itself may be Sil...
Flurry of Additional Crypto Companies Back Away From Silvergate As Crypto Markets Dip Across the Board
More crypto firms are distancing themselves away from the crypto-friendly bank Silvergate as digital asset markets dip across the board. Recently, Silvergate’s stock plummeted by over 60% in just a fe...
Coinbase is no longer accepting, initiating payments with Silvergate
Coinbase said it was no longer accepting or initiating payments to or from Silvergate after the troubled crypto bank said yesterday that it may be “less than well capitalized and was “reev...
Silvergate warns investors it may not survive the year, shares drop 30%
Struggling Silvergate Capital, owner of crypto-friendly bank Silvergate, has warned investors that it expects to record further losses for 2022 that have significantly impacted its “ability to continu...
Billionaire Ken Griffin hit as Silvergate stock price plunges
It is tough being a crypto-focused bank. Silvergate (NYSE: SI) stock price plunged to a historic low as concerns about the bank continued. The shares ended the day at $13.5 on Wednesday and then crash...
Crypto bank Silvergate evaluating ability to survive as going concern
Shares of crypto-focused bank Silvergate plunged in after-hours trading on Wednesday after the lender said it was evaluating its ability to survive as a going concern. California-based Silvergate, one...
Stocks moving in after-hours: Tesla, Salesforce, Snowflake, Silvergate
Tesla shares are down about 3% as of 5:30 p.m. ET as the EV giant’s Investor Day is underway at its Gigafactory in Austin. CEO Elon Musk, dressed in his customary black t-shirt and black pants, ...
Silvergate Loses a Bull as KBW Analyst Downgrades on Limited Visibility
However, the downgrade doesn’t mean the analyst is giving up completely on the stock. “As SI’s shares have fallen, we have defended the bank’s management, operating platform, r...
Crypto Bank Silvergate Plunges After It Says Examining Viability, Delays Annual Report
(Bloomberg) — Cryptocurrency-friendly bank Silvergate Capital Corp. is studying whether it’s still viable and reviewing its financial controls, following the collapse of Sam Bankman-Fried’s FTX....
Silvergate down by 89.58% Since Last Year, KBW Analyst Downgrades
When a huge financial institution, like the crypto-focused Silvergate bank, has its name in the list of accomplices, it knowingly or unknowingly affects its image and, therefore, shares prices fall dr...
Silvergate may be poorly capitalized, reevaluating strategy in light of ‘regulatory challenges’
Silvergate Capital Corporation told the U.S. Securities and Exchange Commission that it may be “less than well-capitalized” and said it was “reevaluating its business” in a filing with the agenc...
Crypto Firm LedgerX Tells Clients to Send Funds to Signature Bank, Not Silvergate
(Bloomberg) — Crypto derivatives platform LedgerX, one of the few solvent pieces of the bankrupt FTX empire, will no longer use embattled Silvergate Bank to receive domestic wire transfers begin...
Bitcoin inches higher as prices continue in narrow range, Silvergate whipsaws after downgrade
Markets • March 1, 2023, 10:28AM EST Crypto prices were slightly higher halfway through the week, with most trading within a narrow range. Crypto stocks dipped after the open. Bitcoin was tradin...
Crypto-Friendly Bank Silvergate Is Most Shorted Stock
Crypto-friendly Silvergate Bank has clinched the title of most shorted stock on Wall Street—a strong indication that traders think the beleaguered bank’s stock price will continue to go down. Of all t...
Silvergate Short Squeeze Looks Inevitable — But How Likely Is It?
Crypto bank Silvergate (SI) has attracted a ton of short sellers over the past few months, opening up possibility of a short squeeze that could drag its share price upward. Silvergate stock, which had...
Coinbase inches higher ahead of earnings as Silvergate slips after downgrade
Coinbase climbed higher shortly after the open today, while Silvergate and other crypto-related stocks dipped. Shares in the crypto exchange traded up by 1% to about $66 by 10:45 a.m. EST, acco...
Moody’s downgrades Silvergate, with outlook still negative even as big firms buy shares
Moody’s downgraded the ratings of Silvergate Capital and its bank subsidiary Silvergate Bank following the downgrade of its standalone Baseline Credit Assessment to b2 from ba3. Silvergate...
New Lawsuit Accuses Silvergate Bank of Assisting SBF And FTX Fraud
Join Our Telegram channel to stay up to date on breaking news coverage What – The legal case involving the co-founder and former CEO of FTX, Sam Bankman-Fried (SBF), is still ongoing. Why – In a new d...
Silvergate Bank as defendants in a proposed class-action lawsuit from an FTX user
In a newly proposed class-action lawsuit, Silvergate Bank and its CEO Alan Lane have been accused of “aiding and abetting” a “multibillion-dollar fraudulent scheme orchestrated by Sa...
Crypto Giant Binance Moved over $400M from Silvergate in 2021
Binance, the largest crypto exchange by volume, is facing increased scrutiny over a secret channel it used to transfer funds. Over a few months, more than $400 million from Binance.US was shifted betw...
Silvergate Stock surged 28.57%,Crypto bank turnaround possible?
Silvergate Capital(SI) stock price skyrocketed after several prominent firms disclosed their holding in the crypto bank NYSE: SI stock price is up by 48.80% on a weekly basis and formed bullish revers...
Silvergate hurtles back above $20 with crypto stocks in the green across the board
Markets • February 15, 2023, 5:10PM EST Crypto-related stocks soared in trading on Wall Street today. Silvergate, Coinbase, and MicroStrategy led the way with double-digit gains. Silvergate rose...
Ken Griffin’s Citadel Securities Discloses 5.5% Stake in Crypto Bank Silvergate
A person familiar with Citadel Securities told CoinDesk that the filing is a result of the firm’s options market making activities rather than a directional investment or stake in Silvergate. Ci...