Tag: Alan Lane
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Crypto Bank Silvergate Reports $1B Net Loss in Q4 Amid Industry’s ‘Crisis of Confidence’
Crypto bank Silvergate’s latest financials indicate the firm has been hit hard by the ongoing crypto crisis. The firm’s Q4 report indicated a $1 billion...
The Crypto Bloodbath: More Layoffs and Losses In 2023
Cryptocurrencies have been in the news lately due to the volatile prices of Bitcoin and other coins, along with numerous high-profile collapses such as...
Silvergate Faces Another Securities Law Class-Action Suit
On January 10, a class-action lawsuit was brought against Silvergate Capital, which is the parent corporation of Silvergate Bank and the operator of the...
Silvergate the Bank in the Middle of the Web
Coinbase has seen a most wonderful week in its stock price with Coin rising 20%, though still down some 80% since its all time...
Jim Cramer explains Silvergate’s failure on Mad Money
Shares are down by more than 90% from their all-time high in November 2021
Silvergate is a...
Bitcoin Miner Marathon Digital Paid Down $30M in Loans to Silvergate
Major Bitcoin mining firm Marathon Digital said it has taken proactive measures to strengthen its liquidity position.In a Jan. 5 update, Marathon Digital announced a...
Silvergate Debunks Rumours Of A Liquidity Crisis Despite BlockFi, FTX Exposure
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Silvergate bank has defended itself against allegations that it could be facing a liquidity crunch due to its close relationship with...
CryptoSlate Wrapped Daily: Brazil set to recognize Bitcoin for payment, Kraken layoffs 30% of workforce
The biggest news in the crypto-verse for Nov. 30 includes Kraken laying off 1,100 staff as crypto winter bits hard, Binance...
Silvergate Capital Reveals its Exposure to Bankrupt Crypto Lender BlockFi
Silvergate Capital Corporation – a digital asset bank based in California – revealed its deposit relationship to the troubled crypto firm BlockFi was...
Silvergate CEO Sees Short-Term Pain For Crypto, Remains Bullish On BTC
The Silvergate CEO Alan Lane sees some short-term pain for the crypto markets but still remains bullish on Bitcoin while his bank, posted strong...
Diem’s Downfall: From an Ambitious Single Global Digital Currency Idea to a Painful End
The once-promising cryptocurrency project Diem (Libra) ended up sold to Silvergate Capital less than three years later.
Silvergate Capital Purchases Diem Operations to Develop Own Stablecoin
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 of a Silvergate branded stablecoin. Silvergate Purchases Diem Operations Silvergate Capital, […]