Crypto Bank Silvergate Reports $1B Net Loss in Q4 Amid Industry’s ‘Crisis of Confidence’
“Our mission has not changed,” said Silvergate CEO Alan Lane as the crypto bank announced hefty losses for Q4 2022.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Why this matters
This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on DecryptRelated market context
Strive Reports $509M Quarterly Profit as Bitcoin Buying Accelerates
TL;DR: Strive reported $509 million in third-quarter GAAP net income and said it purchased 8,136 BTC during the quarter, followed...
Bitcoin and USDT attract modest premiums in Paraguay as millions face banking crisis
Bitcoin and USDT have traded at premiums in Paraguay's peer-to-peer markets as a banking collapse unsettles the country's financia...
Paraguay Bank Collapse Shows Why Bitcoin Was Created as USDT Hits Premium
Paraguay bank crisis is showing why Bitcoin was created in the first place. USDT sellers reportedly demanded premiums of up to 13%...
IREN’s Bitcoin Mining Revenue Falls as AI Cloud Sales Nearly Triple
TL;DR: IREN reported $200 million in quarterly AI Cloud revenue, up from $71 million the previous quarter, while Bitcoin mining re...
China central bank probes Solana after Shanghai shutdown, report
China’s central bank has launched an investigation into Solana after authorities shut down an “illegal” promotional Solana event l...
Elizabeth Warren poised to lead Senate Banking Committee and target Wall Street, crypto
Warren's leadership could intensify regulatory scrutiny, potentially reshaping financial industry practices and impacting crypto m...