Several United States senators have reportedly penned a letter requesting answers from Silvergate Capital — the parent company of Silvergate Bank — related to the collapse of cryptocurrency exchange F...
Tag: silvergate
US Senators Interrogate Silvergate on FTX Insider Knowledge
A cohort of the United States Senate is questioning crypto bank Silvergate about its knowledge of the FTX fraud, after finding responses to prior questioning “evasive” and “incomplete.” The senators s...
US senators write to Silvergate Capital for answers on FTX collapse
It has been reported that a number of senators from the United States have sent a letter to Silvergate Capital, which is the parent business of Silvergate Bank, in which they ask for explanations rega...
Silvergate Dangles Dividends: Preserving a Liquid Balance Sheet
Announced halting dividends on 5.375% fixed rate of series A stock on January 27, 2023. They laid off 40% of employees on January 5, 2023. The stock has been down by 60% in 12 months. The crypto bank...
Silvergate suspends dividends to preserve ‘highly liquid balance sheet’
California-based crypto bank Silvergate has suspended dividend payouts to preserve its “highly liquid balance sheet.” In a Jan. 27 announcement, the firm stated that it is halting “the payment of divi...
Silvergate Bank Suspends Dividend Payments to Preserve Liquidity
Silvergate, a cryptocurrency bank located in California, has temporarily halted dividend distributions in order to protect its “very liquid balance sheet.” The company declared on January ...
Crypto-Friendly Bank, Silvergate, Suspends Dividend Payouts
Silvergate, a California-based crypto bank whose shares are listed on the New York Stock Exchange, is suspending dividend payout to remain highly liquid as the digital currency market tries to pull it...
FTX linked bank Silvergate suspends dividend
Silvergate, a bank favored by Sam Bankman-Fried, recently announced the suspension of a preferred stock dividend. Suspension of Series A preferred stock dividend In a recent press statement, Silverg...
Silvergate Capital announces the suspension of Series A preferred stock dividends
Silvergate Capital, the parent company to the crypto bank Silvergate, has announced it will be suspending Series A preferred stock dividends as it hopes to restructure following heavy loses and FUD su...
American Express, Intel, Silvergate Capital and more
American Express, Visa and Mastercard signage are displayed in a shop window in New York. Scott Eells | Bloomberg | Getty Images Check out the companies making headlines in midday trading. American Ex...
Ether below $1,600, Silvergate down on dividend deferral, Coinbase pops 10%
Crypto prices remain relatively steady, with most of the major coins flat or marginally higher. Silvergate sank after suspending a preferred dividend. Bitcoin was trading at $23,000 by 11:50 a....
Intel, Chevron, American Express, Silvergate and more
Intel said April 5, 2022 that it has suspended all business operations in Russia. Paco Freire/Sopa Images | Lightrocket | Getty Images Check out the companies making headlines before the bell: Intel —...
Bitcoin, mining stocks rise while Silvergate shares soar
Crypto prices were in the green as the market continued to rally on Monday. Equities related to blockchain and cryptocurrencies were also higher. Bitcoin traded up about 0.5% during the day, fli...
Silvergate shoots up 11%, Coinbase dips and MicroStrategy trades flat
Silvergate shares soared after the open, and Coinbase traded down as the Nasdaq 100 was higher. Shares in the crypto-friendly bank were up 11% to $15.25 by 11:30 a.m. EST, according to Nasdaq d...
Silvergate Bank’s Parent Company Reported Massive 1Bn USD Loss in Q4 2022
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Silvergate Has ‘Minimal’ $2.5M Exposure to Bankrupt Genesis
Leading crypto bank Silvergate revealed that its exposure to the bankrupt crypto lender Genesis was less than $2.5 million as of Jan. 19, according to an official statement. Silvergate said the bankru...
Crypto bank Silvergate reveals $2.5M exposure to Genesis
Silvergate Capital, the parent company of Silvergate Bank, revealed limited exposure to Genesis Global Capital in a press release published on Jan. 20. Silvergate said it had less than $2.5 million de...
Silvergate Capital Incurs Loss of $1 Billion in Q4 of 2022 – Finance Bitcoin News
Silvergate Capital Corporation, the parent firm of the crypto-focused bank Silvergate Bank, has attributed the $1 billion loss it incurred in the fourth quarter of 2022 to the confidence crisis that p...
Crypto-Backer Silvergate Bank Slips To $1 Billion Loss –
Join Our Telegram channel to stay up to date on breaking news coverage Silvergate Capital Corp reported a net loss of $1 billion in Q2 of 2022 after a revelation earlier in January that investors shak...
Silvergate Stock Surges 20% Despite $1B Quarterly Earnings Loss
Silvergate lost $1 billion during the fourth quarter — enduring significant outflows of deposits as the industry spiraled from several high-profile bankruptcies. The loss came as the crypto indu...
Silvergate Books $1 B Losses in Q4
Per reports released Tuesday, Crypto bank Silvergate suffered $1 billion in losses in Q4. The reason was massive asset liquidation. The bank is under legal troubles with its connection with FTX. Cry...
Crypto Bank Silvergate Reports Q4 Loss of $1B
Silvergate’s results for the latest quarter were foreshadowed at the start of January when the company said it had $8.1 billion in outflows of customers’ deposits of digital assets during ...
Silvergate Capital reports massive net loss in 2022, amounting to…
California-based cryptocurrency bank Silvergate Capital reported a net loss of $1 billion in Q4 2022. Silvergate shares have lost over 70% of their value following the FTX exchange’s meltdown. Califo...
Silvergate Reports $1B Deficit In Q4 2022
A class-action lawsuit is now being brought against Silvergate Bank because of its interactions with FTX and Alameda Research. Silvergate Bank has declared that it expects to report a net loss of $1 b...
Silvergate reports $1B net loss in the fourth quarter of 2022
Silvergate Bank, which currently faces a class-action lawsuit over its FTX and Alameda Research dealings, has announced a $1 billion net loss attributable to common shareholders in the fourth quarter ...
Silvergate Capital Announced a $1 Billion Net Loss for Q4, 2022
The cryptocurrency-focused bank – Silvergate Capital – reported a net loss of $1 billion for the last quarter of 2022 due to the turmoil reigning in the digital asset sector. The firm recently laid of...
Crypto Bank Silvergate Capital Posts Staggering $1,000,000,000 Loss Last Quarter Due to Bear Market
A digital asset-friendly bank known for serving crypto firms is announcing tremendous losses from the last quarter of 2022. Silvergate Capital, which became a publicly traded company in 2019, is known...
Silvergate reports a loss of nearly $1b to the SEC
Silvergate Capital, a leading global virtual asset bank, announced its Q4 results, leading to a yearly loss of $949 million. This is a bad sign for the firm compared to 2021 when it created a $75.5 mi...
Silvergate Reveals Positive Financial Data, Shares Rebound
Silvergate, the financial institution oriented to the crypto industry, released data related to its fourth quarter, 2022. Following the collapse of one of its partners, crypto exchange FTX, the bank s...
Bitcoin stays above $21,000; Silvergate, Coinbase pare earlier gains
Silvergate and Coinbase popped at the open after the crypto-friendly bank reported earnings as traditional markets were mixed. Bitcoin was trading at $21,300 at 10 a.m. EST, up 2.3% over the pas...