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Silvergate Bank, which currently faces a class-action lawsuit over its FTX and Alameda dealings, has announced a $1 billion net loss attributable to common shareholders in the fourth quarter of 2022. In a report published by the United States Securities and Exchange Commission (SEC), the digital asset bank highlighted that it
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The Tesla stock has fallen 44% in December and more than 59% during the fourth quarter of this year.It seems that there’s no end to the free fall in the price of Tesla Inc (NASDAQ: TSLA) stock. On Tuesday, December 27, the TSLA stock ended another 11% in red with
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4th Quarter Market Outlook: The CryptoX DeFi Index (DCF) Source
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Among the constituent indexes making up our main market measure (CMIX), the CNE performed worst, losing 35% over the period. Original Source
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4th Quarter Market Outlook: The CoinDesk Smart Contract Platform Index (SMT) Original Source
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Bitcoin and the entire crypto market bleed due to many challenges that have befallen the industry. From the Terra crash and continuous interest rate hikes to FTX implosion, the market hasn’t enjoyed a whole month of positive price trend. As the investors cry about the loss of investment funds, the miners
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Of the 2,000 voters surveyed by Grayscale (which, like CryptoX, is owned by Digital Currency Group), 37% said they would factor candidates’ policy positions on crypto before casting a vote. However, another poll released last week by the Crypto Council for Innovation revealed that crypto is unlikely to be a
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Any growth in gross domestic product might be negative for the bitcoin market, since the Federal Reserve will have to keep raising interest rates to bring down inflation – typically bad for prices of risky assets. Source
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“While travel and retail were again the largest contributors to growth, Google did see a pullback in spend in the financial services vertical from insurance, loan, mortgage, and crypto advertisers,” Canaccord Genuity analyst Maria Ripps said in a note to clients. “Network and YouTube also faced difficult comps and FX
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Russian revenues from the minting of bitcoin saw a multifold increase in the past few years before declining significantly since this past spring. The findings come from a new study which also established that the sector was growing during both ups and downs in the crypto market. $1.4 Billion in Turnover
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