Tags : Silvergate


Executives Of Crypto-Pleasant Financial institution Silvergate Step Down As Lawsuits,

In a current flip of occasions, a number of executives of the embattled California-based cryptocurrency financial institution Silvergate Capital have introduced that they are going to be stepping away from their roles on the financial institution. The announcement comes because the financial institution stays deep within the throes of liquidation whereas battling a number of […]Read More


Silvergate CEO Departs With Advantages as Financial institution Shutdown Continues

Silvergate CEO Alan Lane and Chief Authorized Officer John Bonino left the corporate on Tuesday because the agency, as soon as recognized for its crypto-friendly financial institution, continues to wind down operations. Their departures from the California-based firm—which entered into voluntary liquidation in March—are efficient instantly and symbolize the most recent section of the shutdown […]Read More


Microstrategy Repays Silvergate Mortgage As It Expands Bitcoin Holdings

Amid the current crypto market restoration, MicroStrategy, a enterprise intelligence software program firm identified within the crypto neighborhood for its accumulation of Bitcoin (BTC), has introduced its first Bitcoin buy of the yr.  Alongside its newest acquisition of Bitcoin, the software program firm additionally introduced in a kind 8-Ok filing with the United States Securities […]Read More


MicroStrategy repays Silvergate Financial institution mortgage, purchase 6,455 BTC

MicroStrategy founder Michael Saylor introduced the corporate had repaid the $205 million mortgage at a 22% low cost. The corporate additionally purchased 6,455 bitcoins price $150 million. Saylor’s firm presently holds greater than 138,900 bitcoins. MicroStrategy, the world’s largest company holder of Bitcoin, has revealed it just lately bought extra BTC.  The enterprise intelligence firm, […]Read More


This Week in Cash: Silvergate, Silicon Valley Financial institution Collapse,

This week in cash. Illustration by Mitchell Preffer for Decrypt. It was the third consecutive week of market-wide depreciation in 2023. The repercussions of the introduced “wind down” of Silvergate Financial institution  have been nonetheless unfolding when Silicon Valley Financial institution failed. Market leaders Bitcoin and Ethereum noticed heavy losses, however they weren’t the one […]Read More


Peter Thiel-Backed Block.one Says it Bought Off Silvergate Stake

Block.one, the Peter Thiel-backed crypto startup that famously raised $4 billion in an ICO for Ethereum competitor EOS, stated in a press launch Wednesday that it has bought its complete Silvergate Financial institution fairness place. In a statement, Block.one stated that it “exited” its fairness place following Silvergate’s announcement final week that it might not […]Read More


Signature Financial institution’s Inventory Sinks 10% as Silvergate Prepares to

Shares of Signature Financial institution fell Thursday after Silvergate, one other main financial institution for crypto companies, mentioned it plans to wind down operations. Signature’s inventory worth fell upwards of 10% to round $92.40 per share, its lowest worth in over two years. Silvergate’s inventory worth plummeted over 20% to round $3.88.  Silvergate Capital Company, […]Read More


Bitcoin, Ethereum Down 8% on the Week as Silvergate Financial

Bitcoin (BTC) is down 1.7% over the previous day and eight.4% within the week, because the main cryptocurrency slid to a three-week low of $21,640 within the early hours on Thursday, knowledge from CoinGecko reveals. The world’s largest cryptocurrency final traded beneath $22,000 in mid-February earlier than a surge of curiosity in NFTs minted by […]Read More