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Cryptocurrencies: 28005
Markets: 116055
Market Cap: $3,052,473,135,211     
24h Vol: $86,926,750,486
Bitcoin.com 2023-01-20 09:30:02

Silvergate Capital Incurs Loss of $1 Billion in Q4 of 2022

Silvergate Capital Incurs Loss of $1 Billion in Q4 of 2022
Silvergate Capital Corporation, the parent firm of the crypto-focused bank Silvergate Bank, has attributed the $1 billion loss it incurred in the fourth quarter of 2022 to the confidence crisis that permeates the entire crypto ecosystem. While Silvergate has taken steps to help it navigate the current environment, according to the CEO Alan Lane, the
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