Search Results for "silver"
Silvergate Loses Additional Ratings From Moody's
Cathy Wood's ARK Invest sold over 400,000 Silvergate Capital shares for $4.3 million. Reports say Silvergate Bank lost $718 million liquidating loans to meet $8.1 billion in withdrawals. Moody's Investors Service downgraded Silvergate and the bank due to the bank's predicament.
Silvergate Reports $1B Deficit In Q4 2022
Silvergate Bank reported a $1 billion net loss attributable to common shareholders in Q4 2022. The FTX and Alameda Research class-action lawsuit is against the corporation. Silvergate CEO Alan Lane said the business still believes in the digital asset market and would keep its financial sheet liquid.
Silvergate Bank Hires Aave General Counsel Rebecca Rettig as Board of Director
Rettig’s experience includes more than 15 years of experience in the legal arena, having worked for major firms including Cravath, Swaine & Moore LLP, Manatt, Phelps & Phillips LLP, among others.
Stakeholders in the Crypto Ecosystem Want US Regulator to Increase Bank's Crypto Capabilities
Stakeholders including the Silvergate Bank have responded to the OCC call recommending the regulator to improve US bank’s crypto capabilities.
Blockchain Association Seeks Information on De-banking of Crypto Companies
The Blockchain Association has filed Freedom of Information Law requests to the Federal Housing Finance Agency and the New York Department of Financial Services, seeking more information on the de-banking of crypto companies after the closure of Signature Bank and the failure of Silvergate Bank.
Binance converts remaining $1 billion in Industry Recovery Initiative to native crypto amidst concerns around stablecoins
Binance co-founder and CEO, Changpeng Zhao, announced on March 13 that the exchange will be converting the remaining $1 billion funds in its Industry Recovery Initiative to native crypto amid concerns surrounding stablecoins. This decision was made following the depegging of the USD Coin (USDC) stablecoin caused by the failure of three major crypto-friendly banks - Silicon Valley Bank (SVB), Silvergate Bank, and Signature Bank.
Federal Reserve Gives Consent Order to Silvergate Capital Corporation for Voluntary Self-Liquidation
The Federal Reserve Board announced a consent order against Silvergate Capital Corporation and its subsidiary Silvergate Bank on Thursday, providing the necessary regulatory supervision for the financial institution's voluntary self-liquidation.
Marathon Digital Overclocks To Get An Edge
North America's biggest Bitcoin mining business is overclocking its machines. Overclocking increases a computer's CPU clock speed above its manufacturer's limit. Marathon Digital mined 4,144 BTC in 2022, including 475 in December.
Is the Crypto Market about to Burst? Mark Cuban Compares Crypto Downtrend to Internet Stock Bubble
Shark Tank investor Mark Cuban says that the current crypto market is similar to the internet stock bubble of 1990 but that BTC and ETH will thrive regardless.
WallStreetBets and Telegram Group Plan Coordinated Buying Attack on Ripple's XRP For February
WallStreetBets (WSB) along with a Telegram group are apparently planning a new coordinated attack on XRP which is set to be executed around 8:20EST.
Bitcoin is Teaching Generation Z How to Properly Save, says 10T Holdings Co-Founder
Dan Tapiero, the co-founder of digital asset firm 10T Holdings, has disclosed that Bitcoin is playing an instrumental role in teaching Gen Z how to save.
A Brief History of US National Credit Defaults
Which nation’s credit is the most reliable? Many casual economic observers would say “America” without hesitation. But do the United States really have a stellar-credit record? No actually, not really at all. In fact, a conscientious look over the last few centuries would reveal that the nation’s brief history is riddled with national credit defaults.