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Silvergate
MicroStrategy, Marathon Digital Shares Fall Amid Crypto Bank Silvergate's Woes
Both companies were sizable borrowers from the lender, though Marathon late last year moved to pay down some of its debt.
Bitcoin Miner Marathon Digital Pays Off Silvergate Revolving Credit
The company also reiterated its expectation to have 23 exahash per second of computing power around the middle of 2023.
Crypto Bank Silvergate Shares Plunge 46% After $8.1B Withdrawal in Q4 Prompts 200 Job Cuts
The company also said it is writing off its investment in former Facebook stablecoin project Diem.
Silvergate Shares Drop to Fresh 2-Year Low Amid FTX Testimony
The crypto-friendly bank announced earlier this month that it was a “victim” of the failed crypto exchange.
Goldman to Spend Big on Crypto After FTX Fallout; Silvergate Slides Further After Letter From Sen. Warren
Investment banking giant Goldman Sachs (GS) is looking to spend tens of millions of dollars on crypto firms whose valuations have been hit after the implosion of FTX, Reuters reported Tuesday. Senators Elizabeth Warren (D-Mass.), John Kennedy (R-La.) and Roger Marshall (R-Kan.) asked crypto-friendly bank Silvergate (SI) for answers over its supposed role in facilitating transfers between bankrupt exchange FTX and its sister firm Alameda Research.
Silvergate CEO Attempts to Address Concerns in Public Letter
Shares of the crypto-focused bank have been reeling in part due to links with failed crypto exchange FTX and sister company Alameda Research.
Crypto Bank Silvergate Cut to Underweight at Morgan Stanley Following FTX Collapse
Already down more than 50% over the past month, the bank’s shares are lower by another 3% in premarket action Monday morning.
Founder of EOS Developer Block.One Buys 9.3% of Crypto Bank Silvergate
The purchase makes Brendan Blumer the largest holder of Silvergate Capital.
Crypto Bank Silvergate Capital Surges on Lack of FTX Exposure
The lender said it has no outstanding loans nor investments in the bankrupt crypto exchange.
Crypto Bank Silvergate’s Stock Defended By Analysts Amidst FTX Concerns
Shares have fallen this week on broader crypto market worries, including the fact that FTX is a customer.