Silvergate Capital Stock News

Crypto Bank Silvergate''s Acquisition Of Diem Assets A "Significant Positive", Analysts Say One of our favorite stocks, crypto friendly bank Silvergate, has officially acquired the Diem stablecoin assets that once belonged to Facebook. And despite the appearance that it could have marked the end of Diem''s road of progress, the move could actually be just the opposite: a net positive for the stablecoin, CoinDesk wrote this week, citing Wedbush. Wedbush commented on the acquisition by Silvergate this week, calling it a "significant positive". Per CoinDesk , here are some of the key points of Wedbush''s analysis of the acquisition: The distinction about who controls the payment network is a significant positive, Wedbush said, and it puts Silvergate in "pole position" to develop distribution partnerships with marquee consumer brands, including Meta. The purchase price represents good value for Silvergate given the sophisticated technology that is being acquired, and the acquisition should accelerate the launch of its stablecoin," the report said.

The crypto-focused bank disappointed in its latest update.

The stock price of Silvergate Capital (NYSE: SI) increased by 2.91% in the most recent trading session. This is why it happened.

The Meta-backed cryptocurrency venture Diem said late Monday that it had sold off its assets to Silvergate Capital, a crypto-focused bank in California.

Silvergate Capital Corp. has acquired Facebook's Diem Group's blockchain payment network, the California-based provider of financial solutions for the emerging digital currency industry announced Mond

Silvergate Capital Corp - Class A (SI) shares closed today 12.1% higher than it did at the end of yesterday. The stock is currently down 35.2% year-to-date, up 3.3% over the past 12 months, and up 667.6% over the past five years. Today, the Dow Jones Industrial Average rose 1.1%, and the S&P 500 rose 1.8%. Trading Activity Shares traded as high as $109.80 and as low as $89.00 this week.Shares closed 55.0% below its 52-week high and 33.4% above its 52-week low.Trading volume this week was 29.9% lower than the 10-day average and 37.6% lower than the 30-day average.Beta, a measure of the stocks volatility relative to the overall market stands at 3.6. Technical Indicators The Relative Strength Index (RSI) on the stock was between 30 and 70.MACD, a trend-following momentum indicator, indicates a downward trend.The stock closed below its Bollinger band, indicating it may be oversold. Market Comparative Performance The company's share price beats the S&P 500 Index today, lags it on a 1-year basis, and beats it on a 5-year basis The company's share price beats the Dow Jones Industrial Average today, lags it on a 1-year basis, and beats it on a 5-year basis The company share price beats the performance of its peers in the Financials industry sector today, lags it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by -1534.7% The company's stock price performance over the past 12 months lags the peer average by -88.6% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 996.2% higher than the average peer. This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to [email protected]. © 2020 Kwhen Inc.

"Mad Money" host Jim Cramer interviewed Silvergate Capital CEO Alan Lane on Monday's episode of the show.

Rising interest rates could play to Silvergate Capital's favor.

Diem Association, the consortium founded in 2019 to build a payment network linked to the cryptocurrency promoted by Meta Platforms Inc (NASDAQ:FB) has reached an agreement to sell its technological assets to Silvergate Capital Corp (NYSE:SI) for $200 million. Silvergate focuses on bitcoin and blockchain companies. Q4 2021 hedge fund letters, conferences and more Foiled []

The Diem Association, a consortium of companies working on a blockchain-based payment system, is selling its technology assets to Silvergate Capital for $200 million, according to a report from the WSJ. Meta, the company formerly known as Facebook, is one of the founding members of the association. Diem represented Facebooks most ambitious bet on cryptocurrencies. []

The Diem Association, a consortium of companies working on a blockchain-based payment system, is selling its technology assets to Silvergate Capital for $200 million, according to a report from the WSJ. Meta, the company formerly known as Facebook, is one of the founding members of the association. Diem represented Facebooks most ambitious bet on cryptocurrencies. []

Facebook is unloading its cryptocurrency unit, Diem Association, to Silvergate Capital for an estimated $200 million, The Wall Street Journal (WSJ) reported Thursday (Jan. 27), citing unnamed sources

The Diem Association, the social network-based payments tech project founded by Meta (FB) in 2019, is selling its technology to Silvergate Capital (SI), a small bank that had agreed

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