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Silvergate capital
Videos
Crypto Bank Silvergate Reports Q4 Loss of $1B; Hashkey Capital Raises $500M for 3rd Crypto Fund
Crypto bank Silvergate Capital (SI) reported a net loss of $1 billion for Q4, compared with a net income of $40.6 million for Q3. HashKey Capital, the investment arm of HashKey Group, has closed its third fund with $500 million in committed capital. Fidelity Investments-backed crypto exchange OSL is reportedly cutting staff and reducing its overall costs by about a third.
Cathie Wood's ARK Invest Buys Almost $6M of COIN, Sells Silvergate Stock
The firm sold about $5 million of Silvergate Capital shares.
Videos
Silvergate Shares Plunge Amid $8B in Withdrawals, Job Cuts
Shares of crypto bank Silvergate Capital (SI) plunged after announcing it has cut 40% of its staff, or about 200 employees. This comes after the bank was forced to sell assets at a steep loss to cover some $8.1 billion in withdrawals. "The Hash" panel discusses the latest fallout of crypto winter.