Tagged: Silvergate Bank

Binance.US Struggles to Find a Bank Following Collapse of Silvergate, SVB: Report

Binance.US is having a hard time parking cash in a bank following the collapse of Silvergate Bank and Silicon Valley Bank (SVB). According to a report by WSJ.com, Binance.US is working with a “middleman” to manage cash for dollar deposits – said to be Prime… Read More

Moody’s Downgrades or Withdraws Ratings on Seven Banks

Moody’s Investors Service have downgraded or withdrawn its ratings from seven different banks. The decision follows the collapse of multiple banks. Last week, Silicon Valley Bank (SVB) and Silvergate Bank were taken over by the Federal Deposit Insurance Corporation (FDIC). On Sunday, Signature Bank in… Read More

Silicon Valley Bank Aftershocks: More Collateral Damage as Bank Failure Rattles All, Questions Remain

The demise of Silicon Valley Bank (NASDAQ:SIVB) has shocked everyone. Last week, SVB announced that it was raising both debt and equity capital to shore up its balance sheet.  The bank that provides services to almost half of all venture-backed tech firms gave the all-clear… Read More

No Surprise: Moody’s Downgrades Silvergate Bank

Rating service Moody’s has downgraded Silvergate Capital (NYSE:SI) following the revelation that deposits rapidly declined during Q4 of 2022, and the bank had to shore up its balance sheet. Moody’s downgraded the ratings of Silvergate Capital and its bank subsidiary Silvergate Bank, following the downgrade… Read More

San Diego’s Silvergate Bank Now has Over 800 Crypto-related Business Clients: Report

San Diego-based Silvergate Bank, which notably counts major digital assets exchanges Coinbase, Gemini and Kraken as its customers, has revealed that it had 804 crypto-related business clients (as of December 2019). The bank, which is well-known for its innovative businesses in Fintech, reportedly added 48… Read More

Kraken Pro Customers Can Now Fund Accounts Via Silvergate Bank’s Exchange Network

Kraken’s highest-tiered and verified ‘pro’ customers will now be able to use Silvergate Bank’s Exchange Network (SEN) to fund their cryptocurrency trading accounts. An announcement on the Kraken blog states: “We are pleased to announce that Kraken has joined the Silvergate Exchange Network (SEN)…a proprietary internal… Read More

Shares of Crypto/Fintech Friendly Silvergate Bank Now Available for Trading on New York Stock Exchange

Shares of San Diego-based Silvergate Bank, a leading bank for innovative businesses in Fintech and cryptocurrency, are now available for trading on the New York Stock Exchange (NYSE:SI). Silvergate Capital (NYSE:SI) a California-headquartered commercial bank currently focused on crypto-related businesses, has now been officially listed on… Read More

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