Silvergate Capital is down nearly 50% after cryptocurrency deposits plummet
Shares of Silvergate Capital, the holding company for Silvergate Bank, fell nearly 50% during Thursday’s session after the bank’s cryptocurrency-focused parent company, which has mostly corporate clients, reported preliminary fourth-quarter results. The main alarm signal was the recovery of assets held by the financial institution, which revealed bloodshed. Total deposits protected by Silvergate fell from … Read more