Tag: silvergate bank

Apr 20 2022

Crypto-focused Silvergate Bank Reports Stellar Q1 Earnings, Stock Shoots 14%

On Tuesday, April 19, crypto-focused Silvergate Bank (NYSE: SI) reported stellar earnings for the first quarter of 2022. As the result, the bank's SI stock registered the highest surge in more than a month's time. The Silvergate Bank (SI) stock gained a staggering 13.21% on Tuesday making its biggest single-day jump since March 9. On...

Apr 19 2022

Silvergate Bank Saw Over $14 Billion in Bitcoin, Crypto Deposited In Q1 2022

Apr 19 2022 Published at Bitcoin Magazine under tags  bitcoin business coinbase ftx news

Silvergate saw customers deposit an average of $14.7 billion worth of bitcoin and cryptocurrency to the firm’s platform during the first quarter of this year.Silvergate’s cryptocurrency services have gathered increased traction over the past quarter. With increases in net income, customer acquisition, leveraged commitments and deposits, Silvergate managed to combat a downturn of overall...

Mar 29 2022

MacroStrategy Closes $205 Million Bitcoin-Collateralized Loan From Silvergate Bank To Buy BTC

MacroStrategy, subsidiary of MicroStrategy, closed on a $205 million loan through Silvergate Bank, collateralized by bitcoin in order to purchase more bitcoin.MacroStrategy, subsidiary of MicroStrategy, closed a $205 million bitcoin-collateralized loan from Silvergate Bank. Through the Silvergate Exchange Network (SEN) Leverage program, the loan will be custodied through mutual-authorization...

Jan 26 2022

Mark Zuckerberg And Co. Consider Selling Diem / Libra, Their Stablecoin Project

Another one bites the dust. The Diem project is dead, according to Bloomberg. The report comes from anonymous sources and does its best not to assure anything. However, considering the project’s head David...

Feb 19 2021

Even Skeptics May Need to Consider Crypto Exposure: WSJ’s Heard on the Street

Cryptocurrency's viability as an investment may not be in its value as an asset but in the way the financial world is evolving because of it.

Jan 21 2021

Signature Bank Crosses $10B in Deposits From Crypto Customers

Signature's $10 billion in deposits from crypto businesses is now double that of rival Silvergate.

Silvergate Took Nearly $3B in Deposits From Digital Currency Customers in Q4 2020

The majority of the new deposits came from cryptocurrency exchange clients.

Nov 09 2020

Binance.US Joins SEN, Silvergate’s 24/7 Crypto Trading Club

Binance.US has joined the Silvergate Exchange Network (SEN), a 24/7 instant settlement network operated by Silvergate Bank.

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