CryptoX – Cryptocurrency Analysis and News Portal Wells Fargo skips the neutral rating, downgrading Silvergate to underweight from overweight. Source The post Crypto Bank Silvergate Capital's Shares Fall After Wells Fargo Downgrade appeared first on CryptoX. CryptoX Portal
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io – Entre na lista de espera para a próxima turma da Mentoria do Mil ao Milhão 4.0: – #shorts ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version
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ENS price continues its bullish structure after a reclaim of the $15 region as the price stays on track to retest major resistance. ENS trades above key support as price reclaim 8 and 20-day EMA. The price of ENS aims to continue its rally as the price shows bullish strength after breaking out of the descending triangle. Ethereum Name Service (ENS) has looked more decent in price action against tether (USDT) after breaking out of a descending triangle to set up a more bullish sentiment. The price of Ethereum Name…
A third quarter industry report from DappRadar citing on-chain metrics suggests cryptocurrency markets are showing signs of recovery from ongoing bearing market conditions. A number of factors played their part in a busy third quarter of 2022, with Ethereum’s Merge marking a successful shift to proof-of-stake having a notable influence on layer 2 activity before the event. The report also highlights a slight recovery in the overall cryptocurrency market capitalization, which still sits below the $1 trillion mark. Third-quarter data reflected an 8.5% increase in the total crypto market cap…
Blackbird will offer a Web3 hospitality platform connecting restaurants with guests through membership and loyalty programs Source
Silvergate’s growth plans rely on a recovery in cryptocurrency markets or rapid stablecoin adoption, the note said, and its two main initiatives are the launch of stablecoin- and bitcoin-backed lending via its SEN Leverage platform. However, said Shaw and team, with stablecoin regulation taking longer than expected and little news on the bank’s planned launch, this initiative may prove to be a “significant drag” on profitability in the medium-term. Source
In times of fear of a WWIII, inflation, recession and energy shortage most of the investment instruments suffer substantial losses. Stocks, gold and mostly cryptocurrencies are greatly affected by the troublesome atmosphere around the world. With Ether down approximately 64% year-to-date, followed by Bitcoin down approximately 58% year-to-date, BestBrokers analyst team decided to look into blockchain transaction data and find out how this drop affects crypto users in actuality. The raw data, queried from Dune Analytics clearly shows a great increase in interest in Ether as the number of active Ethereum users…
However, the miner said its King Mountain and Wolf Hollow sites are not directly subject to Compute North’s bankruptcy process. Marathon said it didn’t face any significant impact at its King Mountain site, however, there were some delays at Wolf Hollow, unrelated to the bankruptcy process, according to the statement. Original
In a statement released on Oct. 6, the European Union introduced another set of sanctions against Russia due to the prolonged and recently escalated conflict in Ukraine. The new sanctions include a complete ban on cross-border crypto payments between Russians and the EU. This statement includes the prohibition of, “all crypto-asset wallets, accounts, or custody services, irrespective of the amount of the wallet.” New sanctions were installed as a response to Russia’s illegal annexation of Ukrainian territory as the result of what the EU calls a “sham” referendum, along with troop…