[ad_1] Switzerland has created what they dub “Crypto Valley” in the region of Zug. Nurphoto | Nurphoto | Getty Images Crypto firms are scrambling to find institutions to bank with…
Tag: Silvergate Capital Corp
One country, two crypto systems: Hong Kong harbors crypto hub ambitions despite China’s crackdown
[ad_1] The crypto industry has had a rough year with digital currency markets crashing and companies collapsing across the board. In spite of the turmoil, Hong Kong is pushing to…
SVB crisis shows Fed needs to slow down or a ‘lot more stuff is going to break,’ Altimeter’s Gerstner says
[ad_1] As the fallout from Silicon Valley Bank‘s failure continues to unfold, the Federal Reserve needs to slow down before “a lot more stuff” breaks, Altimeter Capital’s Brad Gerstner told…
What the failures of Signature, SVB and Silvergate mean for the crypto sector
[ad_1] A man entering Signature Bank in New York City on March 12, 2023. Reuters Two of the banks that were friendliest to the crypto sector and the biggest bank…
Venture capitalists urge startups to withdraw funds from crisis-laden Silicon Valley Bank
[ad_1] Venture capital firms on both sides of the Atlantic have been urging their portfolio companies to move money out of embattled lender Silicon Valley Bank, deepening fears of a run…
Silvergate shutting down operations and liquidating bank
[ad_1] Omar Marques | Lightrocket | Getty Images Silvergate Capital announced on Wednesday that it will wind down operations and liquidate Silvergate Bank. The company’s stock is down more than…
Stocks making the biggest moves premarket: Intel, Chevron, American Express, Silvergate and more
[ad_1] Intel said April 5, 2022 that it has suspended all business operations in Russia. Paco Freire/Sopa Images | Lightrocket | Getty Images Check out the companies making headlines before…
Stocks making the biggest moves midday: Goldman Sachs, Morgan Stanley, Roblox, Alibaba and more
[ad_1] Brendan McDermid | Reuters Check out the companies making headlines in midday trading. Goldman Sachs — Shares of the Wall Street investment bank shed more than 7% after it…
Silvergate Capital tanks more than 40% after crypto bank discloses massive fourth-quarter withdrawals
[ad_1] Pavlo Gonchar | Lightrocket | Getty Images Shares of Silvergate Capital sank 42.7% on Thursday after the crypto-focused bank released preliminary fourth-quarter results that showed massive customer withdrawals. Total…