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Silvergate is not a systematic risk for the United States banking system, but it could have a significant impact on the crypto markets, multiple sources told Cointelegraph. These may include increasing banking concentration in a few partners and challenges for venture capital firms seeking to establish banking relationships in the
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At 4:30 p.m. Eastern Time, Silvergate Bank announced its intention to wind down the crypto-friendly bank’s operations and voluntarily liquidate the company’s assets. The news follows significant financial troubles the bank faced, and the firm’s stock plummeted in value. Details of Silvergate’s Wind Down and Liquidation Plan Over the last six months,
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The world of Web3 has opened up new opportunities for individuals to participate in a more open and transparent internet, and to create wealth. However, despite the potential benefits of this emerging technology, women face unique challenges in the Web3 space. From the lack of diversity in the industry to
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Silver prices have been hovering just below the $21 per troy ounce mark over the last 24 hours, after jumping above the $24 range in mid-January. While long-term and modest forecasts expect silver to hit $30 by 2025 and $40 by 2027, Keith Neumeyer, CEO of First Majestic Silver, thinks
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The organization representing Russia’s crypto and blockchain sector has urged Vladimir Putin to spur regulatory efforts. The association fears the Russian Federation may lag behind other nations if it maintains its conservative approach towards new financial technologies. Russian Crypto Businesses Want Putin to Engage With Regulatory Process The Russian Association of Cryptoeconomics,
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There is a tripartite dynamic in the Web3 ecosystem that encompasses the investor, the project and the community. But what does each player get for being on the launchpad? The most important benefit for the startup listing on a launchpad is the capital it gets from investors and community
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The CEO of Ripple Labs has warned of the harm to the crypto industry if the U.S. Securities and Exchange Commission (SEC) is able to prevail in its lawsuit against Ripple over xrp. He cautioned that the SEC’s enforcement-centric approach to regulating crypto “is not a healthy way to regulate
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The United States Securities and Exchange Commission's (SEC) regulation through “enforcement,” as opposed to “doing the work,” is not a “healthy way” to regulate an industry, and may result in the U.S. being a less attractive location for crypto firms, suggests Ripple’s CEO.In a Mar. 3 Bloomberg interview, Brad Garlinghouse,
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“It's not something that's prescriptive, because you do need, in this industry, to be slightly flexible, insofar as it’s a fast-paced, fast-moving industry. So if you're very prescriptive in nature, you could probably expect it to be something that was out of date as soon as you wrote it,” Swartz
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The reported first-ever annual profit by Revolut follows the fintech giant’s January decision to suspend launching RevCoin. British-Lithuanian neobank and fintech platform Revolut recently reported its first-ever annual profit due to increased user engagement. The London-based fintech giant revealed it raked in a net profit of £59.1 million for 2021. According to Revolut,
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