The dip in share value was accompanied by broader losses across the space as names like Signature Bank, MicroStrategy, and Canaan and Ebang International also saw their stocks take a hit. Silvergate took a $1 billion loss in its Q4 earnings report.
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Silvergate’s $1B Loss Sends Ripples Through Crypto Sector
Shares of Silvergate Capital dropped precipitously after its crypto payments network was suspended amid questions over the company’s viability. So reports Reuters.
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