Stocks making the biggest premarket moves: Silvergate, Etsy, SVB Financial, Uber & more
— The mortgage lender's shares shed over 10% after its fourth-quarter earnings report missed analysts' expectations.
The company reported a loss of 46 cents per share and revenue of $169.7 million. Analysts polled by FactSet had estimated an earnings loss of 27 cents per share and revenue of $190.9 million.
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Silvergate shutting down operations and liquidating bankSilvergate Capital announced on Wednesday that it will wind down operations and liquidate Silvergate Bank.
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Silvergate Capital Corporation will ‘voluntarily liquidate’ Silvergate BankThe company behind Silvergate Bank said it is considering how best to resolve claims and preserve the residual value of its assets.
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Marathon ends its credit facilities with Silvergate, prepays loanThe news comes shortly after Silvergate Capital Corporation announced it was voluntarily liquidating Silvergate Bank.
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GBTC discount narrows, bitcoin trades above $22,000 as Silvergate leads drop in stocksCrypto prices sank while GBTC continued to benefit from what some perceived as a positive day in court.
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Impact of the Silvergate collapse on crypto — Watch The Market Report liveThe Market Report with Cointelegraph is live! Tune in to watch Cointelegraph’s resident experts discuss the impact of the Silvergate collapse on crypto.
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Stablecoins Could Benefit From Silvergate's Struggles: ReportThe death of Silvergate's SEN could play a major role in driving stablecoin adoption among crypto traders, according to the study.
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