Day: March 10, 2023

Signature Bank Stock Down 12% in Volatile Action as Bank Selloff Continues

While Silvergate’s demise may have rung alarm bells for investors around the durability of banks with close ties to the crypto industry, the rout has spread to more traditional lenders. Most notably, SVB Financial Group (SIVB), the holding company of Silicon Valley Bank, is down more than 40% on Friday and now off just shy of 80% for the week. The tech-friendly lender earlier this week announced a loss of around $1.8 billion on a securities portfolio valued at $21 billion, prompting a share sale to shore up its capital.…

4 ETH staking choices that say something about your personality

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Staked Ether (ETH), liquid derivatives — it’s a whirlygig of smart contracts and big-brain blockchain jargon out there. Nonetheless, there are a few paths through the ETH staking wilderness. But remember, anon, as the poet Antonio Machado said, “There is no path, paths are made by walking” — which is a fancy way of saying this isn’t financial advice and make sure you do your own research. Let’s start with the first personality type and the type of ETH staking that might be appropriate. The Ox: Slow and steady The…

Bitcoin battles $20K as trader calls bank chaos ‘2008 all over again’

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Bitcoin (BTC) struggled to reclaim $20,000 support at the March 10 Wall Street open as fears mounted over Silicon Valley Bank (SVB) contagion. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Trader targets $18,000 BTC price Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it nursed fresh losses, reaching $19,569 on Bitstamp.  The pair had seen further downside prior to the open as embattled SVB Financial saw another 60% wiped off its stock price. In a move that mimicked crypto exchange banking partner Silvergate, SVB also began to spark knock-on effects…

A MASSIVE Bitcoin Move BEGINS NOW! (BTC Targets)

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io It’s been a hectic week and you might be feeling a little overwhelmed with BTC data and unending possibilities. Don’t worry, we’ve … ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version

5 basic principles of finance you should know

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Learning the principles of finance is essential for managing personal and business finances, making informed investment decisions and understanding the economy. Here are five basic principles of finance that you should know. Time value of money This principle suggests that a dollar received today is worth more than a dollar received in the future due to the potential to earn interest or investment returns. It is the foundation of many financial decisions, including investment strategies and loan repayment plans. For example, if an investor bought 1 Bitcoin (BTC) for $10,000 in…

Silicon Valley Bank Faces Financial Woes as Stock Is Halted, Sells $21 Billion Bond Portfolio at a $1.8 Billion Loss – Bitcoin News

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On March 10, 2023, market observers are discussing the troubles Silicon Valley Bank (SVB) faces, as the firm’s stock slid more than 60% in the last 24 hours. SVB was forced to sell a $21 billion bond portfolio at a $1.8 billion loss. CEO Greg Becker insists that the financial institution “will be well positioned” and is “well capitalized” going forward. SVB’s stock, SIVB, was halted during the premarket trading session on Friday after the bank announced it would release news. As SVB’s Foundations Shake, Concerns Grow Over a Potential…

Lego Set to Launch Metaverse Initiative in Conjunction with Epic Games

Danish toy giant Lego is building on its metaverse push by partnering with gaming facilitator Epic Games to target digital markets.  The Lego Group is collaborating with gaming engine company Epic Games to launch a metaverse-driven initiative targeting digital markets. According to reports, the popular Danish toy company seeks to diversify its entertainment offerings portfolio with this joint initiative. The Lego-Epic metaverse project entails a sprawling virtual world driven by the American video game and software developer’s resources. According to the Financial Times, Lego is preparing to present details of its metaverse initiative with…