Silvergate Bank


Політика

Was Silvergate on Borrowed Time as Regulators Backed Banks Away From Crypto?

As customers abandon the prominent California-based crypto bank, its future gets increasingly murky.

(Peter Dazeley/Getty Images)

Фінанси

MicroStrategy Says It Doesn’t Have Any Assets Custodied With Silvergate

The company did receive a $205 million loan from Silvergate in March 2022, but MicroStrategy said the loan terms wouldn’t change in case of insolvency.

MicroStrategy Executive Chairman Michael Saylor (Marco Bello/Getty Images)

Думки

Before Silvergate and After Silvergate

The once critically important part of the crypto economy disclosed ugly projections.

Silvergate CEO Alan Lane (Silvergate)

Відео

How Crypto Markets Are Reacting to Silvergate Bank Warning

Silvergate Bank announced it would delay the filing of its annual report as it may face regulatory probes. This sent the crypto-friendly bank's stock plunging. Wave Financial Head of Protocol and Treasury Management Nauman Sheikh reacts, saying, "I'm surprised that crypto hasn't reacted more strongly to the news."

Recent Videos

Відео

Bitcoin Holds Above $23K as Concerns Loom for Silvergate Bank

Crypto bank Silvergate Bank announced it would postpone the filing of its annual report on Wednesday, sending its stock price plunging. Wave Financial Head of Protocol and Treasury Management Nauman Sheikh discusses what this means for the crypto markets and why he's "surprised" the crypto markets have not reacted more strongly to the news just yet. Plus, the potential impact of the upcoming Shanghai upgrade on the Ethereum community.

Recent Videos

Відео

Silvergate Stock Tumbles After Bank Says It May Face Certain Regulatory Probes

Silvergate Bank announced it would delay the filing of its annual report on Wednesday, sending its stock price plunging. "The Company is currently analyzing certain regulatory and other inquiries and investigations that are pending with respect to the Company," the filing stated in part. CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De shares the latest developments.

Recent Videos

Ринки

Crypto Bank Silvergate Stock Tumbles 45% After 'Going Concern' Filing

The ominous language came in an 8-K filing with the SEC Wednesday evening, in which the troubled lender requested more time before filing its 2022 annual report.

(CoinDesk)

Фінанси

Crypto Bank Silvergate Downgraded by JPMorgan, Canaccord Amid Doubts of Firm’s Solvency

JPMorgan cut its rating on the stock to "underweight" from "neutral" and withdrew its price target.

(CoinDesk)

Фінанси

Host of Crypto Firms, Including Coinbase, Paxos and Galaxy, Jump Ship From Silvergate Bank

Coinbase's change is specific to banking in U.S. dollars and doesn't affect payment instructions in pounds or euros.

(Unsplash)

Відео

Binance Reportedly Moved Funds From US Affiliate’s Silvergate Bank Account in 2021; CleanSpark Update

Crypto exchange Binance moved around $400 million in funds from Binance US's Silvergate Bank account to a trading firm called Merit Peak, according to a Reuters report. Plus, CleanSpark took advantage of the distressed state of the crypto mining industry to buy 20,000 new rigs at below-market rates, according to a Thursday press release.

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