Silvergate Capital Dives On Crypto Exodus, Fed Seizures
Silvergate Capital reported more than $8 billion in crypto-asset withdrawals in the fourth quarter; Feds move to seize assets.
Next: Crypto losses in 2022 dropped 51% year on year to $4B
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January 23, 2023Binance said that they are looking for an alternative partner and only “0.01% of our average monthly users are serviced by Signature Bank".
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January 06, 2023(Bloomberg) -- Silvergate Capital Corp. made one of the US banking world’s biggest bets on crypto. Now it’s reeling from a run on deposits and a massive loss, intensifying fears the collapse of crypto exchange FTX may seep elsewhere into the financial sys
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January 06, 2023The stocks of business software company MicroStrategy (MSTR) and bitcoin miner Marathon Digital (MARA) fell close to 5% on Thursday after their lender Silvergate's (SI) shares plunged more than 40% amid large-scale layoffs and a near $200 million write-of