Tag: Silvergate
Microstrategy Repays Silvergate Loan As It Expands Bitcoin Holdings
Amid the recent crypto market recovery, MicroStrategy, a business intelligence software company known in the crypto community for its accumulation of Bitcoin (BTC),...
MicroStrategy Offloads Silvergate Loan, Buys More Bitcoin
Enterprise software developer MicroStrategy has paid off a $205 million loan to collapsed crypto bank Silvergate Bank.
The Tyson’s Corner, Virginia, company voluntarily paid...
Silvergate & Silicon Valley Woes Further US Banking Bunkum
As if things weren’t bad enough for the crypto industry, an impending U.S. banking crisis could be the tip of the iceberg.
Two major...
Marathon Ends Credit Facilities with Silvergate, Prepays Loan
Marathon Digital, a leading Bitcoin miner, cuts ties with Silvergate Bank in the latest development aired on March 09. This development came at...
Silvergate Insolvency Concerns Raise Hopium for Stablecoins
Stablecoin volume is rising as the latest crypto bank fallout – Silvergate – continues to worsen.
Silvergate, the crypto-friendly bank, is facing a customer...
Silvergate Bank Shutters SEN Network to Reduce Risk
Silvergate Capital has shuttered its Silvergate Exchange Network (SEN) as a “risk-based” decision following a second downgrade by rating agency Moody’s.
The firm added...
Crypto Markets Tank Following Silvergate Report Fallout
Crypto markets are currently crashing with billions of dollars leaving the sector over the past hour or so.
Total market capitalization has shrunk by...
Crypto-friendly Bank Silvergate Delays Filing of Annual 10-K Report
Silvergate Bank is one of the leading names fallen prey to the crypto contagion from the collapse of FTX.
In a filing dated March 01, Silvergate...
Crypto Giant Binance Moved over $400M from Silvergate in 2021
Binance, the largest crypto exchange by volume, is facing increased scrutiny over a secret channel it used to transfer funds. Over a few...
Silvergate Bank Caught Up in Money Laundering Probe by DOJ
Silvergate Bank, the crypto lender that recently received a $200 million investment from Peter Thiel’s Founders Fund, is under investigation by the United...
Silvergate Tries to Dodge US Senators’ Questions About FTX
Silvergate Capital Corp, a cryptocurrency-friendly bank, is facing pressure from a bipartisan group of US senators over its connection to collapsed cryptocurrency exchange...
Silvergate Has ‘Minimal’ $2.5M Exposure to Bankrupt Genesis
Leading crypto bank Silvergate revealed that its exposure to the bankrupt crypto lender Genesis was less than $2.5 million as of Jan. 19,...
Metropolitan Bank Drops Crypto Following Silvergate Scare
Metropolitan Holding Corp will shutter its crypto vertical as banks’ crypto business lines face increasing scrutiny.
The New York-based bank anticipates ending its relationships...
Silvergate Slashes 40% of Jobs as Further FTX Contagion Spreads
Silvergate Capital has been forced to take drastic action as a consequence of its association with FTX and its collapse.
In addition to paring...
Silvergate Faces Lawsuit for ‘Aiding and Abetting’ FTX Fraud
Leading crypto bank Silvergate was slammed by a class-action lawsuit from investors who invested in the collapsed FTX.
Joewy Gonzalez filed the Dec. 14...
Why Coinbase and Silvergate Shares Are Dropping Like Flies
The price of Coinbase (COIN) and Silvergate Capital Corporation (SI) have decreased by more than 90% since their respective all-time highs. The steep...