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Crypto-Friendly Silvergate Bank Pays $63M to Settle Charges With SEC, Fed, California Regulator

[Jul 1 2:03 PM] The U.S. Securities and Exchange Commission filed a complaint against Silvergate Bank's parent entity and its former executives on Monday.

Silvergate begins NYSE delisting process as it readies to cut 230 staff

[May 11, 2023 7:32 PM] The parent company of the defunct Silvergate Bank disclosed significant staff cuts and the delisting of its securities in an SEC filing.

Silvergate Bites The Dust, Down 35% As Crypto-Friendly Bank Ceases Operations

[Mar 8, 2023 5:03 PM] Silvergate Capital Corporation, the holding company for crypto-friendly Silvergate Bank, announced on Wednesday its decision to cease operations and voluntarily liquidate its bank.  Shares of Silvergate (SI) have taken a significant hit, trading…

Bitcoin Backpedals To $22,000 Region Amid Worries About Silvergate

[Mar 7, 2023 8:29 AM] Key on-chain measures provided resistance throughout the first week of March, thus dampening the excitement of Bitcoin traders. Over the course of the previous week leading up to the beginning of February, Bitcoin (BTC) had been trading at roughly…

Silvergate Bank Becomes Most Shorted Stock in US, but Sees Boost With Citadel Securities Stake

[Feb 14, 2023 1:00 PM] Recent data shows that Silvergate Bank, a crypto-friendly financial institution, has become the most shorted stock in the United States, according to the Financial Industry Regulatory Authority. On Tuesday, Silvergate’s stock saw a rise after…

Silvergate Capital Incurs Loss of $1 Billion in Q4 of 2022

[Jan 20, 2023 3:30 AM] Silvergate Capital Corporation, the parent firm of the crypto-focused bank Silvergate Bank, has attributed the $1 billion loss it incurred in the fourth quarter of 2022 to the confidence crisis that permeates the entire crypto ecosystem. While…

Report: Confirmation of Silvergate’s $8 Billion Deposit Plunge Sees Stock Price Drop by More Than 40%

[Jan 6, 2023 3:30 PM] The price of the crypto-focused bank Silvergate Capital’s shares fell by over 40% after it reported a more than $8 billion drop in customer deposits. The share price plunge came just days after U.S. prosecutors reportedly seized collapsed…

Silvergate CEO calls out 'short sellers' spreading misinformation

[Dec 6, 2022 1:00 AM] In the statement, Lane also took the opportunity to "set the record straight” about its investment relationship with FTX and the firm's “robust risk management approach.”