Silvergate Capital Corp

Silvergate Capital Corp. is a holding company, which engages in the provision of banking and loan services. It focuses on the financial infrastructure solutions and services for participants in the nascent and digital currency industry. The company was founded in 1988 and is headquartered in La Jolla, CA.

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Silvergate Capital Corp. SI, +0.87% stock fell 9.7% in premarket trades Monday after the company announced it's shutting down its crypto currency payments network called the Silvergate Exchange Network (SEN), just days after the company said it has doubts about its ability to continue as a viable business. Wedbush on Monday downgraded Silvergate to underperform from neutral and cut its price target to $4 from $9 a share.

Silvergate downgraded to underperform at Wedbush on prospects for liquidation after its shuts down its exchange network

Shares of cryptocurrency-related companies fell in premarket trading on Monday after Silvergate Capital Corp pulled the plug on its crypto payments network, following its doubts about keeping its business viable.

Crypto stocks fall as Silvergate crisis deepens

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Coinbase (NASDAQ: COIN) has announced it is discontinuing its business relationship with Silvergate (NYSE: SI), a crypto-friendly bank that is looking increasingly in trouble following the crypto winter and the collapse of FTX.

Coinbase, Paxos halt business with Silvergate Bank

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While stocks gained ground this week and many seemed to be recovering from the late February sell-off, these 3 well-known names slumped to new 52-week lows.

Stock Market Losers: New Lows For CVS, Hormel And Silvergate

Bitcoin fell to a roughly two-week low on Friday amid the latest decline in the broader crypto market after key crypto bank Silvergate Capital warned it might not survive the storm.

Crypto Market Down 3.8% as Silvergate Fallout Intensifies

Silvergate Capital Corp said on Friday it made a "risk-based decision" to discontinue the Silvergate Exchange Network, its crypto payments network, two days after the digital asset-focused bank raised doubts about its viability.

Silvergate suspends crypto payments network; shares fall after-hours

Global ratings agency Moody's downgraded Silvergate Capital Corp's deposit rating to 'Caa1' from 'Ba3' on Friday, after the crypto-focused bank raised going concern doubts earlier this week.

Moody's downgrades Silvergate's rating after going concern warning

After delaying its annual report to the SEC, shares of Silvergate Capital SI, +0.79% , a cryptocurrency-focused lender, slumped 29% in premarket trading on Thursday. Since then, the bank has been making headlines as the news reverberated around the crypto industry and crypto prices dropped.

What is Silvergate Capital, and why does it matter?

Major cryptocurrencies tumbled Friday as concerns over Silvergate Capital Corp.'s ability to continue its operation keep brewing.

Bitcoin tumbles as Silvergate angst continues to weigh on crypto

Silvergate Capital Corporation stock has been downgraded to ‘Hold' by analysts at Canaccord Genuity (TSX:CF, LSE:CF) after the crypto-focused US bank delayed the filing of its annual 10K earnings report in a move that saw its share price slump 58% on Thursday.  The analysts also reduced their price target for the company which had exposure to collapsed crypto exchange FTX to $9 from $25.

Silvergate Capital receives a downgrade and reduced price target from Canaccord following 10K filing

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A delayed 10K filing by Silvergate Capital sent the stock cratering 58%Thursday and shook crypto markets overnight. Andrew Rocco breaks down the latest in crypto news.

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Bitcoin saw its largest one-hour drop since the blowup of FTX in November, as the crypto industry's once go-to bank faces a slew of financial woes.

Bitcoin falls to its lowest price in weeks as crypto markets tumble amid Silvergate troubles

Silvergate Capital Corp, one of the most cryptocurrency-friendly financial institutions in the US, continues to plummet on the New York Stock Exchange, causing other high-profile crypto-related companies to distance themselves from the beleaguered firm. Silvergate's market valuation has now fallen over 60% since the bank told US regulators on Wednesday it was “unable” to file its annual earnings report as expected, even after receiving an extension until March 16, citing “certain regulatory and other inquiries and investigations” in the group.

As Silvergate tanks even further, Microstrategy, Coinbase and others jump ship

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Signature Bank pivoted away from the cryptocurrency industry after FTX's collapse—a move that looks smart as peer Silvergate faces a financial crisis.

Signature Bank Got Hit By Silvergate's Crisis. Wall Street Is Now a Bit More Cautious.

Shares in the banker to the cryptocurrency industry plunged on Thursday after filings raised worries over the group's survival.

Silvergate Stock Slows Slide Despite Coinbase, Circle, and More Exiting

Some of the biggest names in crypto have backed away from lender Silvergate Capital after the key digital-currency player warned it's having to evaluate its ability to survive.

Coinbase, Gemini and other big crypto names have rushed to ditch Silvergate after the bank warned of building troubles

Hello! Welcome back to Distributed Ledger. This is Frances Yue, crypto reporter at MarketWatch.

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The bank said late Wednesday that it was at risk of being ‘less than well-capitalized.'

Crypto Firms Ditch Silvergate, a Favorite Bank Partner

Silvergate Capital stock halved on Thursday as financial woes forced the crypto lender to delay annual results, crypto firms jump ship. The post Silvergate Stock Dives 55% As Financial Woes Delay Earnings, Scare Crypto Firms appeared first on Investor's Business Daily.

Silvergate Stock Dives 55% As Financial Woes Delay Earnings, Scare Crypto Firms

The crypto bank might not be a "going concern."

Why Silvergate Capital Stock Crashed 55% Today

Four crypto-related firms said Thursday (March 2) that they are cutting ties with Silvergate Capital.

Four Crypto-Related Firms Cut Ties with Silvergate Capital

A mixed market kept investors on their toes Thursday.

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A slew of cryptocurrency heavyweights including Coinbase Global Inc and Galaxy Digital ditched Silvergate Capital Corp as their banking partner after the lender's latest filing raised questions about its ability to stay in business.

News for Silvergate Capital Corp Stock (SI)