2023-3-13 13:37 |
NvirWorld's INNODEX might offer a solution amid failure of Silvergate, Silicon Valley Bank, and FTX origin »
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Silvergate shares plummeted 46% as the company announced to lay off 40% of its workforce, equating to approximately 200 employees. Silvergate struggles to remain in business Silvergate, a publicly traded crypto banking company, has had its share price fall 46%…
2023-1-6 13:00 | |
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Silvergate also cut 40% of its staff and has written off the $196 million related to its Diem acquisition.
2023-1-6 21:08 | |
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Silvergate today announced it was cutting down 40% of staff, amid major outflows from its platform.
2023-1-6 19:25 | |
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The crypto-friendly bank announced earlier this month that it was a “victim” of the failed crypto exchange.
2022-12-14 20:32 | |
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The investment bank also sees headwinds for Coinbase and Silvergate Capital to show up in first quarter results.
2022-4-8 20:12 | |
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Silvergate is among the few US-based banks that cater to crypto-traders among other crypto-related service providers. This situation provides them with a great source of revenue for the bank amid the growing interest of the public in the crypto space.
2020-5-1 20:48 | |
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Venture Capitalist Nic Carter returns with a new article that explores at-length how the Biden administration allegedly imposed an informal mandate for banks to cap their crypto deposits at 15%, leading to the downfall of Silvergate, Signature and Silicon Valley…
Venture Capitalist Nic Carter updates his findings on Operation Choke Point 2.0 after Silvergate executive’s testimony that sheds light on how US financial regulators tried to crackdown on banks involved in the crypto industry, known as Operation Choke Point 2.0.…
The United States Securities and Exchange Commission (SEC) has sued Silvergate Capital Corporation, the firm behind the crypto-friendly Silvergate Bank. According to a July 1 filing, the commission alleges that Silvergate, along with its former CEO Alan Lane and former…
The BitMEX co-founder says Bitcoin has been on a bull run since the Fed’s $25 billion dollar program aimed at stabilizing the U.S. banking system.
Silvergate, a major crypto-friendly bank, announced the departure of three top executives as part of its liquidation process following its collapse due to a domino effect triggered by the failure of cryptocurrency exchange FTX.
Binance’s depleting USDC reserves has become a hot topic in the crypto ecosystem, especially after Coinbase CEO’s quip during the company’s Q2 earning call.
Regulatory crackdown on Silvergate Capital and Silvergate Bank continues as the Federal Reserve and California's DFPI issue a cease and desist order, halting operations.