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Silvergate Bank
Silvergate Bank's Q1 Net Income Nearly Doubles to $24.7M
The first-quarter earnings per share of $0.79 was also an increase of over 40% compared with the $0.55 figure of a year ago.

Goldman Downgrades Robinhood to Sell Amid Tough Environment for Crypto Brokerages
The investment bank also sees headwinds for Coinbase and Silvergate Capital to show up in first-quarter results.

MicroStrategy Unit Gets $205M Collateral Loan From Silvergate to Buy Bitcoin
The term loan can also be used for general corporate purposes.

BofA Initiates Coverage of Silvergate With ‘Buy’ Rating, Sees 50% Potential Upside
The crypto bank is one of the best positioned companies to benefit from the expanding use of stablecoins, the report said.

Aave General Counsel Rebecca Rettig Joins Silvergate’s Board
The lawyer says “there will be lots of opportunities” for Silvergate to serve as a partner to those building in DeFi.

Silvergate to Continue Working With Regulators Ahead of Stablecoin Pilot Launch
The lender recently bought Meta’s stablecoin tech and assets.

Where Is Diem Creator David Marcus Headed Next?
David Marcus, co-founder of the Diem project (formerly Libra) originally launched from Meta (formerly Facebook), tweeted Tuesday, predicting that bitcoin will be the No. 1 asset in the next 20 years, while the No. 2 asset is yet to be determined. This comes as Silvergate Bank confirmed Monday Diem is shutting down.

Silvergate's Acquisition of Diem's Assets Positive for Stablecoin Launch, Analysts Say
The crypto-focused bank plans to launch a stablecoin by the end of the year.

Diem Confirms Shutdown as Silvergate Acquires the Project’s Assets
CoinDesk’s Nikhilesh De weighs in on Silvergate Bank confirming Monday it’s purchasing the technology and other assets from Diem, the stablecoin project from Meta Platforms (formerly Facebook) announced as Libra in June 2019.

Diem Confirms Shutdown as Silvergate Acquires the Project's Assets
Facebook (now Meta) is officially winding down the stablecoin project it announced in June 2019.
