Day: January 17, 2023

Silvergate reports $1B net loss in the fourth quarter of 2022

boss

Silvergate Bank, which currently faces a class-action lawsuit over its FTX and Alameda Research 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 saw significant outflows of deposits in the last quarter of 2022 and made actions to maintain cash liquidity, including wholesale funding and selling debt securities. The company also highlighted a “transformational shift” in the digital asset space. It…

Spanish Airline Vueling to Accept Cryptocurrency as Means of Payment – Blockchain Bitcoin News

boss

Vueling, a low-cost Spanish airline, has announced it is exploring the functionality of blockchain and NFT (non-fungible token) technology to accept cryptocurrency as a means of payment for its services. The company enlisted the aid of Criptan, a registered Spanish cryptocurrency exchange, and aims to open this payment option for users by Q3 2023. Vueling to Collect Payment in Crypto Vueling, one of the Spanish budget airlines that has grown after the Covid-19 travel restrictions ended, is taking its first steps to accepting crypto as payment for its services. The…

Bitcoin Price Spike May Push Rally To This Amount, Top Analyst Predicts

boss

The recent surge in the price of Bitcoin has revived hope in crypto assets. To this point, pseudonymous crypto analyst Cheds stated that a massive rally might not be far-fetched for BTC soon. The crypto market struggled with rising inflation rates and other negative factors in 2022. However, in 2023, BTC has picked up positive price momentum, with some investors believing the worst days are over. Ched’s prediction is bullish on the performance of BTC in the future. $BTC visual of this potential bull thesis on daily https://t.co/eUfkmAOx5N pic.twitter.com/UVOCTjctZl — Cheds…

Bank of America Says CBDCs Are the Future of Money and Payments

“CBDCs do not change the definition of money, but will likely change how and when value is transferred over the next 15 years,” analysts led by Alkesh Shah wrote, adding that central bank digital currencies have “the potential to revolutionize global financial systems and may be the most significant technological advancement in the history of money.” Source

Bitget Becomes the First CEX to Launch Copy Trading in The Spot Market – Press release Bitcoin News

boss

press release PRESS RELEASE. (Victoria, Seychelles, 17 Jan 2023) – Leading crypto derivatives exchange Bitget announces to be the first exchange to launch copy trading in the spot market. As the first exchange for offering copy trading for derivatives in 2020, Bitget has honed its highly liquid, highly innovative flagship product, One-Click Copy Trade, to deliver a similarly intuitive experience for spot traders in 2023. Copy trading provides a good starting point for beginners to shadow their trading portfolio with a more experienced trader and increase their chance of profitability.…

With Bitcoin Bounce Back, Crypto Mining Stocks Surge to Yearly Highs

A strong 28% jump in the BTC over the last two weeks has given crypto miners some relief after they faced acute financial stress last year. The strong rebound in the Bitcoin (BTC) price earlier this week has had a very positive impact on the crypto mining stocks. Stocks of the crypto mining firms have recorded their best monthly performance in over a year. This has relieved the troubled miners a bit who had to sell a significant portion of their mined Bitcoins to boost liquidity last year in 2022.…

Activision Blizzard Announced NetEase Rejected Proposal to Extend Partnership

US gaming developer Activision Blizzard is looking for a new Chinese partnership after NetEase turned down its latest proposal. Activision Blizzard (NASDAQ: ATVI) recently disclosed that Chinese publisher NetEase rejected a proposal to extend their long-running partnership. According to the US video game holding company, NetEase rejected the opportunity to extend their collaboration by six months. In a statement on the microblogging site Weibo, Activision Chinese subsidiary Blizzard China wrote: “It is a pity that NetEase is not willing to extend services of our game for another six months on…