Cryptocurrency Market

  • Market Cap: $2,452,701,059,087.15
  • 24h Vol: $88,077,077,404.76
  • BTC Dominance: 51.19%

Diem

silvergate-capital-incurs-loss-of-$1-billion-in-q4-of-2022

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

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 the current environment, according to the CEO Alan Lane, the […]

Silvergate Capital Incurs Loss of $1 Billion in Q4 of 2022 Read More »

report:-confirmation-of-silvergate’s-$8-billion-deposit-plunge-sees-stock-price-drop-by-more-than-40%

Report: Confirmation of Silvergate’s $8 Billion Deposit Plunge Sees Stock Price Drop by More Than 40%

The price of the crypto-focused bank Silvergate Capital’s shares fell by over 40% after it reported a more than $8 billion drop in customer deposits. The share price plunge came just days after U.S. prosecutors reportedly seized collapsed crypto exchange FTX’s accounts held at the bank. Alan Lane, the CEO of Silvergate, denied allegations that

Report: Confirmation of Silvergate’s $8 Billion Deposit Plunge Sees Stock Price Drop by More Than 40% Read More »