Silvergate
There are a total of 37 articles associated with Silvergate.
Monday’s SEC filing shows the company purchased 6,455 BTC over the past several weeks
Bitcoin was introduced to the world right after the 2008 financial crash, and fifteen years later, we’re witnessing anew the failure of reserve banking and a debt-based system
The falls of Silvergate, Silicon Valley Bank and Signature have left the crypto banking segment in flux, industry watchers say, though other options exist
US politicians have branded Silvergate’s collapse as a crypto-specific problem, but the industry isn’t buying it
Silvergate execs managed to time the top of the bull market pretty well — as did insiders at other major crypto firms
About 3.7 million new Silvergate shares, worth roughly $20 million, sold short in the past 30 days, S3 Partners data shows
With regulatory headwinds, US banks are probably not making payments systems a priority
An overwhelming majority of the Silvergate float has been shorted, but a delayed SEC filing means a short squeeze is now further from reality
Silvergate’s share price “moved in line” with bitcoin’s performance for “most of 2021-22,” according to Kaiko analysts
Silvergate short interest is astronomically high, opening real possibility for a squeeze on bearish traders
World’s largest asset manager owned 7.2% stake in crypto bank, while one of the largest custody banks owns even more of the stock
One month into 2023, its share price has continued its stiff downtrend in the face of skepticism stemming from poor quarterly earnings
Crypto bank attributes loss in part to an industry-wide “crisis in confidence” at end of 2022 that spurred significant outflows of deposits
Hive Blockchain and Marathon Digital hit daily gains of 37% and 31%, respectively, as markets closed Thursday
Ex-head of State Street Digital lands CEO role at blockchain startup, while Zodia Custody and BitDAO add execs
Potential buyers of the crypto bank may be weighing the prospects of a further decline before putting in bids
The bank revealed it weathered a run that saw customers withdraw more than $8 billion from accounts
Silvergate Capital was up about 27% on the day, with bitcoin miners likewise rallying
Silvergate, said to be FTX’s primary bank, has been asked to supply records of any financial ties to the collapsed crypto exchange by Dec. 19
Silvergate touts “resilient balance sheet” as its stock price drops following a Morgan Stanley downgrade
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