• Elon Musk has expressed his support for a common digital currency being developed by Brazil and Argentina. • The goal of creating the new currency is to undermine the U.S. dollar’s strength in the region. • Robert Kiyosaki has recommended buying bitcoin and avoiding the crash of the dollar. Elon Musk and Robert Kiyosaki …
• Fidelity Investments-backed crypto exchange OSL has cut its staff in order to reduce overhead costs and stay afloat amid the crypto winter. • Silvergate, Coinbase, ConsenSys, Huobi, Crypto.com, Wrye, Genesis and SuperRare have also been reported to have downsized their staff. • Surprisingly, Binance has announced it currently has 700 open job positions in …
Crypto Winter Hits Exchanges: Fidelity-Backed OSL Cuts Staff, Binance Hires Weiterlesen »
• Silvergate Capital reported a net loss of nearly $1 billion at the end of Q4 2022. • The firm experienced deposit outflows, necessitating liquidity maintenance. • Silvergate executed a plan to sustain a highly liquid balance sheet and fortified capital position. Silvergate Capital, a global virtual asset bank, recently released their Q4 results for …
Silvergate Capital Reports $1 Billion Loss in Q4 2022 Weiterlesen »