Powered by WPeMatico
Category: Silvergate Bank
Auto Added by WPeMatico
Silvergate Bank revenue soar in Q1 as institutional crypto trading activity falls
The bank facilitated $142 billion worth of transfers between crypto exchanges and financial institutions in Q1.
Powered by WPeMatico
Nasdaq-Listed Microstrategy Obtains $205 Million Bitcoin-Backed Loan to Buy More BTC
Powered by WPeMatico
MicroStrategy subsidiary will purchase Bitcoin after closing $205M crypto-collateralized loan
The price of Bitcoin is $47,806 at the time of publication, making MicroStrategy’s current 125,051 BTC holdings worth roughly $6 billion.
Powered by WPeMatico
Silvergate Capital Purchases Diem Operations to Develop Own Stablecoin
Powered by WPeMatico
Facebook-Backed Crypto Project Diem Moves to US, Unveils New Launch Plan
Powered by WPeMatico
10 Loan Providers Taking Crypto as Collateral, If You Think the Time Is Right for Hodling
If you are not ready to part with decentralized money, at a time when prices are relatively low, but need some fiat cash to cover costs in times of crisis, crypto-backed loans are a working solution. A number of platforms offer this type of service and their popularity is growing among cryptocurrency enthusiasts who are […]
The post 10 Loan Providers Taking Crypto as Collateral, If You Think the Time Is Right for Hodling appeared first on Bitcoin News.
Powered by WPeMatico
Silvergate Bank and Bitstamp Launch Bitcoin Collateralized Loans
U.S.-based Silvergate Bank has launched a bitcoin collateralized loan product with Bitstamp as its launch partner. The crypto exchange will act as the bank’s agent to manage and provide custody for bitcoin collateral. The product utilizes Silvergate Bank’s Exchange Network to fund loans and process repayments in real time. Also read: Regulatory Roundup: EU-Wide Crypto […]
The post Silvergate Bank and Bitstamp Launch Bitcoin Collateralized Loans appeared first on Bitcoin News.
Powered by WPeMatico
Big Banks Won’t Touch Crypto Clients – But These Smaller Banks Will
Cryptocurrencies undoubtedly bring new business opportunities. The expanding industry around digital assets and its customers need more and more services that traditional sectors can provide. Banking is often a bottleneck in the crypto space as most traditional institutions are still reluctant to get their feet wet. Smaller banks, however, are more willing to occupy this […]
The post Big Banks Won’t Touch Crypto Clients – But These Smaller Banks Will appeared first on Bitcoin News.
Powered by WPeMatico
Bitcoin-Friendly US Bank Silvergate Now Serves Over 500 Crypto Companies
Silvergate Bank, headquartered in San Diego as a California state-chartered bank, started its cryptocurrency-related business in 2013. Now over 500 companies from the digital assets industry are using its services as one of the very few “bitcoin-friendly” banks based in the U.S. Also Read: American Electronics Giant Avnet Now Accepts Bitcoin Cash Payments Silvergate Files […]
The post Bitcoin-Friendly US Bank Silvergate Now Serves Over 500 Crypto Companies appeared first on Bitcoin News.
Powered by WPeMatico