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Nalezeno "Crypto bank": 219

Crypto Bank Silvergate Suspends Dividend on Preferred Stock

27.1.2023
The bank is looking to preserve capital as it navigates recent volatility in the crypto industry

Bank of America: ‘Digital Currencies Appear Inevitable’

22.1.2023
Bank of America says “digital currencies appear inevitable,” adding that central bank digital currencies (CBDCs) and stablecoins are “a natural evolution of today’s monetary and payment systems.” The bank expects “private sector beneficiaries to emerge in...

Silvergate Capital Incurs Loss of $1 Billion in Q4 of 2022

20.1.2023
Silvergate Capital Corporation, the parent firm of the crypto-focused bank Silvergate Bank, has attributed the $1 billion loss it incurred in the fourth quarter of 2022 to the confidence crisis that permeates the entire crypto ecosystem. While Silvergate has taken steps to help it navigate...

President Herbert Hoover Saves the Day for a Crypto Bank? Yeah, That’s Weird

15.1.2023
Silvergate got propped up by the Federal Home Loan Bank system created in 1932

Crypto Bank Juno Chooses Zero Hash to Be New Custodian

6.1.2023
The company's former custodian, Wyre, is scaling back its services

MicroStrategy, Marathon Digital Shares Fall Amid Crypto Bank Silvergate's Woes

5.1.2023
Silvergate also cut 40% of its staff and has written off the $196 million related to its Diem acquisition

Silvergate in Trouble: Crypto Bank Cuts Staff by 40% Amid a 68% Decline in Crypto Deposits

5.1.2023
Trouble is brewing for crypto bank Silvergate as the company cuts staff by 40% and sells assets at a loss to cover $8.1 billion worth of customer withdrawals. Furthermore, the company's crypto-related deposits saw a 68% decline in the fourth quarter of last year. According to a Thursday report by...

Crypto Bank Juno Tells Customers to Self-Custody or Sell Amid Custodian Wyre's Turmoil

5.1.2023
Juno's current custodian, Wyre, will liquidate in January

Approach with caution: US banking regulator’s crypto warning

9.12.2022
The Office of the Comptroller of the Currency (OCC) said the digital asset industry was maturing but was “not yet robust” in its risk management

Crypto Bank Signature Suffers Another Analyst Downgrade; Shares Fall

7.12.2022
Raymond James is the latest Wall Street firm to cut its rating on the stock, following Morgan Stanley’s move earlier this week

Crypto Bank Silvergate Slides Further After Letter from US Sen. Warren

6.12.2022
Senator Elizabeth Warren (D-Mass) and two GOP senators have asked crypto-friendly bank Silvergate (SI) for answers over its supposed role in facilitating transfers between bankrupt exchange FTX and its sister firm Alameda Research, NBC reported Tuesday

Crypto Bank Silvergate Cut to Underweight at Morgan Stanley Following FTX Collapse

5.12.2022
Already down more than 50% over the past month, the bank’s shares are lower by another 3% in premarket action Monday morning

Silvergate denies recent FUD, confirms minimal exposure to BlockFi

29.11.2022
Silvergate Capital has been quick to distance itself from the now-bankrupt crypto lender BlockFi

Crypto Bank Silvergate Says Its BlockFi Digital Asset Deposit Exposure Totals Less Than $20M

29.11.2022
The bank's shares closed down 11% to $25.90 on Monday, after BlockFi bankruptcy filing

Founder of EOS Developer Block.One Buys 9.3% of Crypto Bank Silvergate

23.11.2022
The purchase make Brendan Blumer the largest holder of Silvergate

Bank of England Deputy Governor: FTX Collapse Highlights Urgent Need for Tighter Crypto Regulation

23.11.2022
Bank of England’s deputy governor for financial stability, Sir Jon Cunliffe, says the collapse of cryptocurrency exchange FTX has highlighted the urgent need for tighter crypto regulation. “We should not wait until it is large and connected to develop the regulatory frameworks necessary...