Silvergate Capital Corporation, a leading provider of innovative financial infrastructure solutions and services for the digital currency industry, saw its stock drop over 50% in a single day following the company’s announcement of its financial results for the fourth quarter…
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Silvergate – Cryptocurrency-focused Bank is in a Pickle
Shares of Silvergate Capital, a crypto-focused bank, fell by 46% to $11.76 on Thursday after the company announced plans to lay off 40% of its staff, or approximately 200 employees. Silvergate has also halted its plans to launch a digital…
Crypto and Its Important Role in the US Presidential Election
Whether we like it or not, any policy coming out from the US will affect any industry. And the policies coming out of the world’s biggest economy are dictated by whoever is holding the reigns in the Whitehouse. Not a…
Crypto 2023 Recap and Possibilities for the New Year 2024 !
2023 has been a rollercoaster ride for the crypto sector. Believers who held during the coldest part of the crypto winter now see a presumably early phase of the bull market. Let us look at the highs and lows of…
Robert Kiyosaki’s Warning: Why Bitcoin and Safe Haven Assets Are Crucial in Today’s Financial Landscape
Renowned finance expert and author of the influential book “Rich Dad Poor Dad,” Robert Kiyosaki, has recently issued a crucial warning to his millions of followers on the X social media network. In light of the current economic climate, Kiyosaki…
North America Continues as the Largest Crypto Market Fueled by Institutional Activity – Chainalysis Report
Amidst the ever-evolving world of cryptocurrencies, North America emerges as a beacon of resilience in the face of stringent regulations. This article delves into the 2023 North American cryptocurrency landscape, highlighting its triumphs, challenges, and notable shifts. Despite regulatory storms,…
Jim Cramer and Bank of America Skeptical About Coinbase Stock
Despite a 30% decline, Jim Cramer remains uninterested in investing in Coinbase, while BofA maintains its underperform rating on the stock. Key Point 2: Coinbase’s Q1 transaction volumes remain flat and app downloads decline, raising concerns for investors. Jim Cramer’s…
Tim Draper Advises Businesses to Hold Two Payrolls Worth of Cash in Crypto as a Hedge
Bitcoin as a Hedge Against Economic Collapse Billionaire venture capitalist Tim Draper suggests that businesses should maintain “at least two payrolls worth of cash” in Bitcoin (BTC) and other cryptocurrencies. While Draper didn’t specify the allocation between Bitcoin and altcoins,…
CFTC Files Complaint Against Binance and Executives – What we know so far
The Commodity Futures and Trading Commission (CFTC) has filed a complaint against cryptocurrency exchange Binance, its co-founder Changpeng Zhao, and former chief compliance officer Samuel Lim. The filing accuses them of soliciting U.S. users and circumventing the exchange’s own compliance…
Tether’s Robust Growth: Excess Reserves Reach $1.6 Billion to Back USDT Stablecoin
Tether, the company behind the widely-used USDT stablecoin, has recently announced an estimated $700 million profit for the March quarter, pushing its total excess reserves to approximately $1.6 billion. This impressive growth underlines the company’s commitment to maintaining a strong…
High Stakes Trial of Avi Eisenberg Involves Alleged 110 Million Dollar Theft from Mango Markets Crypto Exchange
In the high-stakes trial of Avi Eisenberg, a 28-year-old trader, federal jurors in New York…
Bitcoin’s Long-Term Investors Now Possess More Than 76% of All BTC for the First Time. Details below
In the ever-fluctuating world of cryptocurrencies, Bitcoin, affectionately known as BTC, is currently undergoing a…
