Silvergate Capital, SVB failures weigh on Bitcoin price
Bitcoin finds support at $20k Many cryptocurrency companies had exposure to SVB Bitcoin investors should keep an eye on the S&P 500 and the Fed Cryptocurrency investors had a rough…
Silvergate shares tumble after company says it’s shutting down crypto bank
Silvergate shares fell sharply after news the crypto-friendly bank would be winding down operations. The company says it will issue full repayments of all customer deposits. Silvergate has been in…
Silvergate stock just crashed again: explore why
Silvergate Capital Corp says it has decided to wind down operations. The crypto company will liquidate the Silvergate Bank as well. Silvergate stock is now down close to 75% versus…
Bitcoin price prediction: BTC outlook after Silvergate and Tether news
Bitcoin price outlook after this week’s Silvergate and Tether news. BTC is hovering around $22,400 with key resistance near $23k amid a potential technical breakout to YTD highs. The $20k…
Circle moves its USDC reserve deposits out of troubled Silvergate Bank
Silvergate bank in a filing on Wednesday said losses might leave it with less capital than it needs. The bank recently closed its SEN Platform which institutions used to move…
Silvergate stock crashed 50% on Thursday: here’s why
Silvergate Capital delayed submission of its annual 10-K report. JPMorgan downgraded Silvergate stock to underweight today. Silvergate Capital is now down 65% versus its year-to-date high. Silvergate Capital Corp (NYSE:…
Is Silvergate stock a ‘buy’ after it suspended preferred stock dividend?
Silvergate Capital Corp suspends dividend on its preferred stock. Wedbush Securities analyst reiterates his neutral rating on “SI”. Silvergate stock is currently down over 85% since mid-August. Silvergate Capital Corp ended…
Crypto bank Silvergate suspends preferred stock dividend
Crypto-friendly bank Silvergate announced its suspended payment of dividends on its series A preferred stock. The company’s shares fell more than 11% pre-market after the announcement. Silvergate reported a $1…
Silvergate plunges after crypto meltdown triggered deposit run
Silvergate held deposits for FTX units and Alameda Research Silvergate appears to be most at risk from what happened to FTX Shares plunged by more than 40% Shares…