Stock


Finance

Galaxy Digital's Strong Earnings Will Carry Into Current Quarter, Analyst Says

Improved crypto market conditions due to anticipation of spot bitcoin ETF approval helped boost earnings, Stifel Canada said in a report.

Mike Novogratz, Founder and CEO, Galaxy Digital (Shutterstock/CoinDesk)

Finance

Payments Firm Nuvei’s Ties With FTX Questioned in Spruce Point Capital Report

Nuvei's shares fell by as much as 6% in premarket trading after Spruce Point warned of a 50% downside, but rebounded into positive territory mid-morning.

(Nuvei)

Finance

Silvergate Stock Drops Over 50% as Crypto Clients Flee Beleaguered Bank

Silvergate's clients Coinbase, Circle, Paxos, Crypto.com, Bitstamp, Cboe Digital Markets, Galaxy and Gemini said they will suspend business with the bank.

Casa central de Silvergate Bank. (CoinDesk)

Finance

Silvergate Loses a Bull as KBW Analyst Downgrades on Limited Visibility

The analyst slashed the investment bank's price target by about 36% to $16.

Morgan Stanley rebajó la calificación de las acciones del banco de criptomonedas Silvergate Capital para infraponderar desde igual valoración. (Unsplash)

Finance

Crypto Bank Silvergate Downgraded by Wall Street Banks, Moody's After Q4 Results, Shares Slump

J,P. Morgan cut its rating on the stock to neutral from overweight and slashed its price target to $14 from $30.

Casa central de Silvergate Bank. (CoinDesk)

Finance

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.

Casa central de Silvergate Bank. (CoinDesk)

Finance

Cowen Downgrades Coinbase Stock, Citing Trading Volume Declines

The firm said it's not clear whether trading will recover after the collapse of FTX.

(Unsplash)

Finance

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.

(CoinDesk)

Finance

Mizuho Cuts Crypto Exchange Coinbase to Underperform, Trims Price Target

The bank’s analysis shows that 2023 revenue estimates for the crypto exchange are overly optimistic.

(Chesnot/Getty Images)

Finance

Founder of EOS Developer Block.One Buys 9.3% of Crypto Bank Silvergate

The purchase makes Brendan Blumer the largest holder of Silvergate Capital.

Brendan Blumer (Wikimedia)

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