[ad_1] Delay in Silvergate’s financials sparks fears over bankruptcy, FTX reports $8.6B deficit and Binance’s balance sheet sought by U.S. senators. [ad_2] Source link
[ad_1] Dubai-based crypto exchange Bybit has suspended United States dollar (USD) deposits via bank transfers in response to "service outages from a partner". Funds can be withdrawn through wire transfers until March 10. In a blog post from March 4, the crypto firm said that "USD deposits via Wire Transfer (SWIFT) and Wire Transfer (For US bank) are no longer available." As an alternative, users can continue to make USD deposits
[ad_1] The United States Department of Justice has proposed new bail conditions for former FTX CEO Sam Bankman-Fried (SBF), a court filing made late March 3 shows. According to the proposal submitted to District Judge Lewis Kaplan of the Southern District of New York, Bankman-Fried should be prohibited from using smartphones, tablets, computers and any type of video game platforms or devices that allow chat and voice communication. The proposal restricts
[ad_1] Crypto bank Silvergate announced on March 3 that it is discontinuing its digital assets' payment network, claiming the termination is a "risk-based decision". The move comes after the bank's stock fell over 59% in the past five days due to fears of a potential bankruptcy. A disclaimer on Silvergate's website stated:“Effective immediately Silvergate Bank has made a risk-based decision to discontinue the Silvergate Exchange Network (SEN). All other deposit-related services
[ad_1] Time value of money, explainedThe time value of money (TVM) is the concept that money available today is worth more than the same amount of money in the future. While inflation gradually weakens the purchasing power of money, its worth can rise over time by being invested or earning interest.The time value of money is an essential concept in finance and investing. Based on the interest rate and the time
[ad_1] TBD, a division of Block (formerly Square) led by CEO Jack Dorsey, launched a new venture named c= (pronounced c equals) to improve the Bitcoin Lightning Network through tools and services.The Lightning Network (LN) is a layer 2 payment network built to ease the mainstream adoption of Bitcoin (BTC) by enabling faster, cheaper and more reliable peer-to-peer payments. However, c= aims to further the reach of LN through added liquidity
[ad_1] Bitcoin (BTC) stayed lower into the weekend as ongoing problems at Silvergate bank pressured markets.BTC/USD 1-day candle chart (Bitstamp). Source: TradingViewBad news holds Bitcoin backData from Cointelegraph Markets Pro and TradingView showed BTC/USD lingering at around $22,350 on March 4.The pair had managed to avoid further losses after the initial shock around Silvergate wiped 5% off spot price in minutes. With United States equities delivering a strong finish to the week,
[ad_1] India’s recently launched in-house central bank digital currency (CBDC), the e-rupi, is now being tested for offline functionality, revealed Ajay Kumar Choudhary, Executive Director at the Reserve Bank of India (RBI).The RBI — India's central bank and regulatory body — launched the wholesale segment pilot for the digital rupee on Nov. 1, 2022, and onboarded 50,000 users and 5,000 merchants for real-world testing. As of Feb. 25, roughly $134 million
[ad_1] Advertisment Silvergate Capital is a bank that specializes in serving the cryptocurrency industry. It offers deposit accounts, loans, custody services and payment solutions to crypto businesses and investors. It also operates the Silvergate Exchange Network (SEN), a platform that enables real-time transfers of U.S. dollars between its customers and crypto exchanges. Silvergate Capital has been one of the most successful and influential players in the crypto space. It has
[ad_1] Advertisment Some prospective and existing cryptocurrency investors are overwhelmed by the bullish and bearish projects in the industry. This makes it a bit challenging for them to invest wisely. Understanding which projects are bullish may have a huge impact on an investor’s investment decision-making. Let’s review three high-performing tokens, Collateral Network (COLT), which is currently in phase 1 of its presale with a token price of $0.01, The Sandbox
