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Silvergate Bank revenue soar in Q1 as institutional crypto trading activity falls
19.4.2022
The bank facilitated $142 billion worth of transfers between crypto exchanges and financial institutions in Q1
Silvergate Bank's Q1 Net Income Nearly Doubles to $24.7M
19.4.2022
Crypto-focussed Silvergate Bank recorded net income of $27.4 million in Q1 2022, more than doubling its income of $12.7 million for the corresponding quarter a year earlier
Nasdaq-Listed Microstrategy Obtains $205 Million Bitcoin-Backed Loan to Buy More BTC
30.3.2022
Nasdaq-listed Microstrategy has obtained a $205 million bitcoin-collateralized loan from Silvergate Bank through a subsidiary to buy more bitcoin. “The interest-only term loan is secured by certain bitcoin held in Macrostrategy’s collateral account.” Company to Use $205M...
MicroStrategy subsidiary will purchase Bitcoin after closing $205M crypto-collateralized loan
29.3.2022
The price of Bitcoin is $47,806 at the time of publication, making MicroStrategy's current 125,051 BTC holdings worth roughly $6 billion
Silvergate Capital Purchases Diem Operations to Develop Own Stablecoin
3.2.2022
Silvergate Capital, an investment firm that is the parent company of the Silvergate Bank, acquired the technology and assets of Diem, the formerly Facebook-backed stablecoin payment system. The payment totaled $182 million. The technology and assets acquired will reportedly be used for the launch...
Silvergate Bank Reportedly Aims to Buy Diem's Intellectual Property for USD 200M
27.1.2022
American chartered bank Silvergate reportedly aims to purchase Diem's intellectual property for USD 200m, The Wall Street Journal reported, citing people familiar with the matter.
The Diem Association (previously known as Libra Association) is a Meta-led project that initially aimed to create...
Mark Zuckerberg’s Meta in Talks to Sell Assets in Crypto Project Diem: Report
26.1.2022
Meta, formerly Facebook, is reportedly in talks with investment bankers to sell its assets in the cryptocurrency project Diem, formerly Libra. The diem USD stablecoin was supposed to be issued by Silvergate Bank but it failed to get regulatory approval. Meta Reportedly Seeking Buyers for Diem...
Silvergate Bank issues $100M credit line to mining firm Marathon Digital
4.10.2021
"We remain optimistic that we are well positioned to scale our hash rate to 13.3 EH/s by the middle of 2022,” said Marathon Digital CEO Fred Thiel
Facebook-Backed Crypto Project Diem Moves to US, Unveils New Launch Plan
13.5.2021
Facebook-backed cryptocurrency project Diem, formerly Libra, is moving from Switzerland to the U.S. In collaboration with Silvergate Bank, the association, which oversees the development of the diem cryptocurrency, has unveiled a new launch plan. Facebook-Backed Stablecoin Has New Launch Plan...
Diem parters with Silvergate bank to launch stablecoin in the US
13.5.2021
Facebook-initiated Diem Association announces a new model of its upcoming stablecoin that is set to be issued by California state-chartered bank Silvergate
Even Skeptics May Need to Consider Crypto Exposure: WSJ’s Heard on the Street
19.2.2021
Cryptocurrency's viability as an investment may not be in its value as an asset but in the way the financial world is evolving because of it
Signature Bank Crosses $10B in Deposits From Crypto Customers
21.1.2021
Signature's $10 billion in deposits from crypto businesses is now double that of rival Silvergate
Silvergate Took Nearly $3B in Deposits From Digital Currency Customers in Q4 2020
21.1.2021
The majority of the new deposits came from cryptocurrency exchange clients
Binance.US Joins SEN, Silvergate’s 24/7 Crypto Trading Club
9.11.2020
Binance.US has joined the Silvergate Exchange Network (SEN), a 24/7 instant settlement network operated by Silvergate Bank
Silvergate Bank Sees 40% Increase in Deposits From Digital Currency Customers
26.10.2020
Silvergate Bank added $586 million in new deposits from firms and individuals in the cryptocurrency industry in the third quarter of 2020
Stablecoin Growth Knocks Silvergate Exchange Network Volume Over $100B
6.10.2020
All-time transaction volume on the Silvergate Exchange Network (SEN), a fiat pathway into bitcoin markets, has reached $100 billion
Silvergate Bank: How Deep Is the Moat?
29.9.2020
Silvergate Bank has pioneered financial services for crypto startups. But now it faces new rivals. Can it deepen its competitive moat?
Silvergate’s Bitcoin-Backed Lending Product Grew 80% in the Last Quarter
27.7.2020
Silvergate Bank continued to add a steady drip of crypto customers in Q2 but its issuance of bitcoin-collateralized loans is what stood out
Institutional Trading House ErisX Joins Silvergate Exchange Network
21.7.2020
ErisX, a crypto exchange for institutional investors, has joined the payments network of bitcoin-friendly Silvergate Bank
CoinDesk 50: Silvergate – The Bank That Wasn’t Scared
14.5.2020
Silvergate was among the first U.S. financial institutions to embrace the crypto industry, and it's not letting go