boom

Silvergate: From Small Local Lender to Bank Behind the Crypto Boom

Silvergate: From Small Local Lender to Bank Behind the Crypto Boom

“The life of a crypto business can be split between pre-Silvergate and post-Silvergate,” Sam Bankman-Fried wrote in a quote posted on the San Diego bank website he used to transfer client funds. to its digital asset exchange FTX. “It’s hard to overstate how much this has revolutionized banking for blockchain businesses.” Silvergate was an unlikely …

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Home prices plunge in pandemic boom towns as market crashes

Home prices plunge in pandemic boom towns as market crashes

Foreigners with big budgets have helped drive up home prices in Phoenix. Getty Home price growth has slowed fastest in cities booming from the pandemic, including Phoenix, Austin, Texas and Boise, Idaho, as high mortgage rates and an uncertain economy deter potential buyers. That’s according to a new report from Redfin, a tech-focused real estate …

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M&A boom may not lead to US shale drilling frenzy

M&A boom may not lead to US shale drilling frenzy

The last two energy crises that have threatened hundreds of energy companies with bankruptcy have rewritten the playbook of oil and gas mergers and acquisitions. Previously, oil and gas companies made many aggressive tactical or cyclical acquisitions following a price crash after many distressed assets became available on the cheap. However, the 2020 oil price …

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