DCG losses top $1B on the back of 3AC collapse in 2022
The crypto conglomerate reported that falling crypto prices and the fallout from Three Arrows Capital’s loan default to Genesis affected its results. Go to Source Powered by WPeMatico
Q4 2022
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Coinbase beats Q4 earnings estimates amid falling transaction volume
Transaction volume on the exchange fell 12% in 2022’s fourth quarter, but the firm still beat forecast earnings despite a 57% year-on-year revenue drop. Go to Source Powered by WPeMatico
Silvergate Bank Becomes Most Shorted Stock in US, but Sees Boost With Citadel Securities Stake
Recent data shows that Silvergate Bank, a crypto-friendly financial institution, has become the most shorted stock in the United States, according to the Financial Industry Regulatory Authority. On Tuesday, Silvergate’s stock saw a rise after it was discovered that Citadel Securities holds a 5.5% stake in the bank, according to a Schedule 13G filing with … Read more