Crypto News

“Silvergate Bank’s Market Surge: Investing in the Future with State Street Stake”

Published

8 months ago

February 2, 2023

Asset manager State Street has disclosed a 9.32% stake in crypto bank Silvergate, according to a Thursday SEC filing. The Boston-based firm notes that the stake is passive—meaning that it doesn’t intend to change or influence the company. Silvergate has been in a pickle lately: lawmakers have recently alleged that the bank “further introduced crypto market risk into the traditional banking system,” and demanded Silvergate provide more information. Last month, the banking group said it would cut 40% of its workforce and abandon some projects. Silvergate also reported a $1 billion net loss to shareholders, citing a “transformational shift” in the crypto industry which led to a “crisis of confidence across the ecosystem”—referring to the collapse of crypto exchange FTX. Despite these headwinds, State Street isn’t the only big traditional finance player with an investment in Silvergate: BlackRock this week reported in a filing that it had increased its stake in the bank from 5.9% to 7.2%. Silvergate had close ties with FTX and has therefore been hit hard by its downfall. This news is good as it shows that even with the collapse of FTX, traditional finance players have confidence in Silvergate. #Crypto #StateStreet #Silvergate #FTX

You can read more about this topic here: Decrypt: State Street Takes 9.32% Stake in Silvergate Bank

The post “Silvergate Bank’s Market Surge: Investing in the Future with State Street Stake” first appeared on Byte Syze Crypto.

Crypto News

ing the Tax Law Uncover the Secrets of Tax Law with David L. Schwed

Published

36 mins ago

September 26, 2023

David L. Schwed is the Chief Operating Officer for Halborn. He was interviewed at Messari Mainnet 2023 by André Beganski to discuss the upcoming video game AI Arena, as well as Avantgarde Finance CEO and founder Mona El Isa, who talked about how DeFi has changed since the collapse of FTX. This interview provides insight into the current state of the crypto space and what the future may bring. #Crypto #DeFi #AI #FTX

You can read more about this topic here: Decrypt: David L. Schwed

The post ing the Tax Law

Uncover the Secrets of Tax Law with David L. Schwed first appeared on Byte Syze Crypto.

Crypto News

ing the Ins and Outs of Cryptocurrency Unlock the Secrets of Cryptocurrency with Dave Lemke

Published

36 mins ago

September 26, 2023

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This article provides an overview of the current prices of various cryptocurrencies, such as Bitcoin, Ethereum, BNB, XRP, Cardano, Dogecoin, and others. It also provides a link to the Decrypt website, which includes videos and podcasts interviews with big names in the crypto space. This news is good for those who are interested in cryptocurrency and want to stay up to date with the current prices.
#Cryptocurrency #CryptoPrices #CryptoNews #CryptoInterviews

You can read more about this topic here: Decrypt: Dave Lemke

The post ing the Ins and Outs of Cryptocurrency
Unlock the Secrets of Cryptocurrency with Dave Lemke first appeared on Byte Syze Crypto.

Crypto News

ing the Mystery of SEO Unlock the Secrets of SEO with Amanda Tuminelli: A Guide to Maximizing Your Site’s Visibility

Published

36 mins ago

September 26, 2023

This article provides the latest prices of various cryptocurrencies, such as Bitcoin, Ethereum, BNB, XRP, Cardano, Dogecoin, and more. It also provides a brief interview with Amanda Tuminelli, the Chief Legal Officer of the DeFi Education Fund. This article provides useful updates on the crypto market, allowing users to stay informed and make informed decisions. #Cryptocurrency #CryptoMarket #DeFi #CryptoInvesting

You can read more about this topic here: Decrypt: Amanda Tuminelli

The post ing the Mystery of SEO
Unlock the Secrets of SEO with Amanda Tuminelli: A Guide to Maximizing Your Site’s Visibility first appeared on Byte Syze Crypto.