Shares of Silvergate Capital Corp fell 10 per cent in early trading on Monday after the bank suspended its crypto payments network and expressed doubts over the viability of its business.The crypto-focused bank said late on Friday that it had made a 'risk-based decision' to discontinue the Silvergate Exch
Shares of Silvergate Capital Corp fell 10 per cent in early trading on Monday after the bank suspended its crypto payments network and expressed doubts over the viability of its business.
The discontinuation could signal that Silvergate may consider winding down its operations, they added. Shares of Silvergate hit a record low of $4.86 on Friday, shedding nearly 98 per cent of their value since an all-time high close in November 2021 and wiping out more than $7 billion from the company's market capitalization.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Crypto stocks fall as Silvergate crisis deepensShares 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.The digital assets-focused bank said late on Friday that effective immediately it had made a '
Read more »
Prince Harry shares reason why he smothers his children with love and affectionPrince Harry says he 'smothers' his two children with love so they won't be doomed to experience his 'traumas'. The Duke of Sussex, 38, said he was showering his son Archie, three, and 20-month-old daughter Lilibet with love in a chat with trauma expert Dr Gabor Mate, 79, online on Saturday (March 4) in a discussion that took in his...
Read more »
Netizens blame tray-return policy after man shares video of birds eating from food trolleyA video of birds pecking away at leftover food at Teban Gardens Market and Food Centre has sparked some netizens to cry foul at the tray-return policy implemented at certain food outlets. TikTok user Toh Hong Chua uploaded the video on Saturday (Mar 4), showing...
Read more »
'So fast meh?': TikTok couple shares adorable videos of pregnancy announcement to family and friendsTikTok influencers Deborah and Fabian Gilbert, who got married in November last year, posted videos of themselves surprising their loved ones with the good news.
Read more »
SoftBank's Arm aims to raise at least $8 billion in US IPO, sources sayNEW YORK : Arm Ltd, the British chip designer owned by Japan's SoftBank Group Corp, is likely to aim to raise at least $8 billion from what is expected to be a blockbuster U.S. stock market launch this year, people familiar with the matter said on Sunday. Arm is expected to confidentially submit paperwork
Read more »
SoftBank's Arm aims to raise at least US$8 billion in US IPO, sources sayNEW YORK: Arm Ltd, the British chip designer owned by Japan's SoftBank Group Corp, is likely to aim to raise at least US$8 billion from what is expected to be a blockbuster US stock market launch this year, people familiar with the matter said on Sunday (Mar 5). Arm is expected to confidentially submit pap
Read more »