Bitcoin jumps more than 9% as U.S. acts to protect deposits at crypto-linked banks

Bitcoin and Ether led a rebound in cryptocurrencies in Asia morning trading as U.S. regulators backstopped banks with ties to the crypto industry.

• 2023-03-13
• Silicon Valley Bank USD Coin banking industry Signature Bank Silvergate Capital

How Silvergate’s Crypto Collapse Differed From Silicon Valley Bank’s: No Bailout

For all the angst this week about how troubles in the crypto industry are fueling a banking crisis, the reality, so far, is actually something else: Of the two banks that went under, the one squarely focused on crypto – Silvergate Capital – escaped the black mark of a federal bailout.

• 2023-03-11
• Silicon Valley Bank Silvergate Capital FDIC Federal Reserve Silvergate rising interest rates

Crypto Traders Suffer Over $300M of Losses in Liquidations Amid Market Crash

The largest long liquidation in at least a month suggests that Thursday’s crash in crypto prices caught traders off-guard. Bitcoin traders suffered the most losses, some $112 million in the past 24 hours, while ether liquidations surpassed $73 million, per data from Coinglass.

• 2023-03-10
• traders Silvergate Capital liquidations

Silvergate Capital shares tumble amid crypto fallout and Asana stock surges on upbeat guidance

Among Thursday's top moving U.S. stocks are Silvergate Capital, Signature Bank, Asana, Credit Suisse and more.

• 2023-03-09
• premarket trading Silvergate Capital Uber Technologies Inc Stock gainers fourth quarter stock

Silvergate’s Story Is About Fundamentals, Not Just Crypto

The lender’s problems stemmed partly from age-old banking risks such as concentration and matching assets and liabilities

• 2023-03-09
• Silvergate core banking Silvergate Capital mortgage-backed securities credit risk

Crypto stocks slide after Silvergate decides to shut down

Shares of Signature Bank, which uses blockchain technology, fell 9%. Miners Riot Blockchain and Marathon Digital slid 3.5% and 4%, respectively. Silvergate's announcement also adds to a list of high-profile collapses of crypto market players since last year.

• 2023-03-09
• premarket trading Silvergate Capital Signature Bank blockchain technology Silvergate

Bitcoin steadies near lows hit after fall of Silvergate

Bitcoin steadied on Thursday near its lowest since mid-February, after U.S. crypto-focused bank Silvergate said it would voluntarily liquidate, the latest in a series of high-profile crypto collapses triggered by the collapse of the FTX exchange. Silvergate Capital Corp said on Wednesday it planned to close and voluntarily liquidate, after warning last week that it was evaluating its ability to operate as a going concern. The California-based company, which was a key banking partner for crypto

• 2023-03-09
• Silvergate Silvergate Capital

Crypto-focused bank Silvergate plans to wind down following blow from FTX

(Reuters) -Crypto-focused bank Silvergate Capital Corp said on Wednesday it planned to wind down operations and voluntarily liquidate after it was hit with losses following the dramatic collapse of crypto exchange FTX, sending its shares down 35% in after-hours trade. The decision to shutter the bank comes after the company warned last week that it was evaluating its ability to operate as a going concern, disclosing that it had sold additional debt securities this year at a loss and that furthe

• 2023-03-09
• FTX Silvergate Capital Silvergate

Market Rally Stuck At Key Levels, Tesla Extends Slide; Crypto Bank Silvergate Shutting Down

The market rally is right at critical levels, though Nvidia and chips look strong Tesla extended Investor Day losses. Crypto bank Silvergate Capital is shutting down.

• 2023-03-09
• American Express Silvergate Capital Dow Jones market rally stock market Tesla stock Monolithic Power NVDA stock MPWR stock AXP stock

Silvergate Talking With FDIC About How to Save Crypto-Focused Bank: Bloomberg

FDIC examiners met with Silvergate management at its headquarters in California last week.

• 2023-03-08
• Bloomberg Silvergate Capital FDIC Federal Deposit Insurance Corp Silvergate citing sources