Silvergate shares have seen a sharp drop in pre-market trading following the news that US officials have launched a probe into the crypto bank’s dealings with fallen crypto giants FTX and Alameda Research. … Read More: Silvergate Bank Stock Plunges After Report of DOJ Investigation into Ties with FTX and Alameda Read more »Sign up for…
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The crypto bank hasn’t been accused of wrongdoing, but prosecutors want to see how deep the dealings between the crypto bank and FTX went. Crypto bank Silvergate is reportedly being probed by the United States Department of Justice fraud unit over its involvement with the bankrupt FTX exchange and its affiliates. The probe is investigating…
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BlackRock, a global investment company managing over $10 trillion of assets as of January 2022, has increased its stake in Silvergate Bank, a crypto-friendly bank, to 7.2%, according to a filing with the United States Securities and Exchange Commission (SEC) on January 31 shows. Silvergate Share Price Rising Following the announcement, Silvergate Bank’s stock prices rose by…
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Silvergate, a California-based crypto bank whose shares are listed on the New York Stock Exchange, is suspending dividend payout to remain highly liquid as the digital currency market tries to pull itself out of the liquidity crisis of 2022. In a press release on January 27, Silvergate, a state-chartered bank that went public in 2019, said…
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January has been a rough month for Silvergate, with the dividend halts coming just a few weeks after it announced a Q4 2022 loss of $1B and laid off 200 employees. California-based crypto bank Silvergate has suspended dividend payouts to preserve its “highly liquid balance sheet.” In a Jan. 27 announcement, the firm stated that…
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Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________… Read More: Today in Crypto: Bitzlato Exchanged $1 Billion in Crime-linked Assets, SEBA Launches Three-tiered Membership Program, China’s Blockchain Network to be the Swift of Stablecoins & CBDCs Read more »Sign up for…
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Signature Bank and Silvergate, two of the biggest crypto banks, have received billions in loans from the Federal Home Loan Banks, a system originally designed to support housing finance and community investment. According to a Saturday report from The Wall Street Journal, Signature Bank received nearly $10 billion in loans from its local home-loan bank in the…
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Federal authorities have confiscated approximately $700 million worth of assets belonging to the disgraced FTX founder Sam Bankman-Fried, including three accounts at Silvergate Bank that held U.S. dollars…. Read More: Federal Prosecutors Seize Sam Bankman-Fried Assets Worth $700m, Including Silvergate Bank Accounts Read more »Sign up for e-EUR – the progressive stablecoin
Silvergate Capital, a crypto-focused bank, suffered a bank run following the collapse of cryptocurrency exchange FTX, which forced the company to sell assets at a significant loss in order to honor $8.1 billion worth of customer withdrawals…. Read More: Silvergate Bank Suffers Run on Deposits as $8.1 Billion is Withdrawn – Will it Go Bust?…
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Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________… Read More: Today in Crypto: Crypto Hackers & Fraudsters Stole $1.62 Billion in Q4 Alone, Silvergate Cuts 40% of Workforce, US SEC Brings Charges in CoinDeal Investment Scheme Read more »Sign up for…
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