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Silvergate Capital, the parent company to what was once the single largest Crypto banking partner, Silvergate Bank, has finally been delisted from the New York Stock Exchange ( NYSE ) and begun the liquidation process. California-based Silvergate first IPOed on the NYSE in June 2019 for $12/share, rocketing to an all-time high of almost $240/share in November 2021. Today, a share of Silvergate Capital Corp trades for less than $1 on OTC Markets. The delisting was confirmed on May 11, 2023, with over 200 employees being let go and all assets set to be liquidated by November. Deposits and funds from FTX that were stored at Silvergate were seized in January of this year, and with losses mounting from fleeing depositors, Silvergate CEO Alan Lane decided to voluntarily wind up the bank. Desperate attempts to save Silvergate Before the closure of the go-to Crypto bank, numerous attempts were made to salvage it: Brendan Blumer — an EOS and Block.One co-founder — dumped te...

PancakeSwap, the leading decentralized exchange on Binance Smart Chain (BSC), has made a groundbreaking move by releasing its own crypto game, Pancake Protectors. The successful launch of the first DEX-backed GameFi platform has resulted in a surge in the price of CAKE. The official launch of Pancake Protectors has arrived! Unite your heroes, protect your territories, and claim victory! Immerse yourself in the captivating world of tower defense gameplay now: https://t.co/gq5947psCe Holders of PancakeSwap Bunnies & Squads gain… pic.twitter.com/D0hAwPcWQB — PancakeSwapEv3ryone's Favourite D3X (@PancakeSwap) May 29, 2023 On May 29, PancakeSwap introduced Pancake Protectors, integrating the exchange platform’s native token, CAKE, into the gameplay. According to the official blog, the integration of their token in the game allows players to utilize CAKE and earn rewards while playing. After PancakeSwap’s GameFi platform announcement, CAKE...

Join Our Telegram channel to stay up to date on breaking news coverage DEXTools assists traders in price Analysis and in navigating decentralized networks more conveniently as data demand increases in the cryptocurrency space. Since the cryptocurrency business has grown, there has been an increase in demand for data that might assist traders in navigating the constantly shifting market. A lot of traders are gradually moving their trading volume away from centralized exchanges and established altcoins and towards the world of decentralized crypto and smaller tokens. This is partially due to the higher levels of privacy and safety that these platforms provide, but it’s also due to the excellent possibilities for investment that can be found there. How DEXTools works DEXTools offers real-time Analysis of cryptocurrencies and other digital assets that are traded on decentralized exchanges. All cryptocurrency traders interested in trading on decentralized exchanges (DEXs) ...

Lim Boon Heng, the Chairman of the Singapore-based global investment company Temasek Holdings commented that the firm is “disappointed” with the outcome of its investment in the beleaguered crypto exchange FTX and its “negative impact” on the company’s reputation. According to a statement released by Temasek on May 29, the company officials including the “investment team and senior management,” who had been responsible for the ultimate decisions on investment, took “collective accountability.” Though there was no misconduct by the investment team in their procedures, the company reduced compensation for the team; the report hasn’t revealed the actual amount of reduction. Temasek also declared that the company would continue its venture of investments in new companies, stating: We believe that we have to invest in new sectors and emerging technologies to understand how these areas may impact the business and financial models of our existing portfolio and whether they wo...

This week’s Crypto Biz explores Hotbit’s closure, Hong Kong’s licensing of crypto firms, Bitstamp’s acquisition by Ripple and Ledger’s branding crisis. Another centralized exchange (CEX) bites the dust, with Hotbit announcing it will close operations due to adverse business conditions. As is common among CEX collapses in recent months, the crypto firm mentioned FTX, the ongoing banking system crisis, and even a probe, as reasons for its cash flow problems. Also facing a tough time is wallet provider Ledger. The company decided to postpone its controversial recovery service amid community backlash. Security reputation is critical for a crypto wallet provider, but Ledger’s dilemma may be beyond a public relations crisis. The recovery service was also a path toward subscription service s, which could generate recurring revenue for the wallet provider. The feature is now postponed until most of its code is open-sourced, said Ledger. In challenging times, there are also opportunities f...

Also Read: Ripple CEO Expects XRP Lawsuit Verdict In Weeks After Hinman Docs Win advertisement SEC’s Delay Tactics Over Hinman Doc Attorney John Deaton, Amicus Curiae in the XRP lawsuit stated that SEC’s lawyers tried to poke holes in Ripple ’s fair notice defense with its assertion over Hinman speech. The infamous speech given by Bill Hinman, then SEC Director of Corporation Finance mentioned that in his view, Ethereum (ETH) was not security. The speech related documents will reveal what discussion led the former Director to derive this conclusion. The commission in the case argued that the speech was not a guidance to the market. SEC even tried to provide a Hilman signed affidavit that the declaration was just his personal opinion. This assertion was made to ditch the fair notice defense. However, District Judge Netrun ruled that the docs do not fall under the deliberative process privilege (DPP). Read More XRP News Here… ...

Join Our Telegram channel to stay up to date on breaking news coverage Terra LUNA bulls have made it above $0.85 after the token briefly dropped to $0.8240. With LUNA price climbing by almost 3% in the last 24 hours from support, investors would be looking forward to a rewarding weekend. Meanwhile, LUNA price is doddering at $0.8630 on Friday supported by $23 million in trading volume. Investors are likely to be returning from the sidelines following the recent strategic partnerships and increasing developments within the ecosystem, touching on governance, integrations, and listings. That said, this Analysis hinges upon the assessment of LUNA price profitability in the coming few days in addition to a long-term outlook for one of the most critiqued coins in the industry. As Downside Pressure Fades, Can LUNA Price Blast Out of Descending Channel Terra price has been falling within the confines of a descending channel since February after it climbed to reach a new yearly hig...

Join Our Telegram channel to stay up to date on breaking news coverage Florida Governor Ron DeSantis has reaffirmed his stance on banning central bank digital currencies (CBDCs). Ron DeSantis vows to halt CBDC rollout if he is elected as U.S. president in 2021. Governor DeSantis strongly opposes CBDCs and vows to prohibit their acceptance in Florida. He doubts Congress would authorize them and asserts that if the Fed or Treasury were to implement CBDCs unilaterally, Florida would have a legal prohibition against them.  Governor DeSantis Takes Strong Stance Against CBDCs  DeSantis aims to safeguard financial independence and prevent a surveillance state where all transactions are monitored. In March of last year, DeSantis actively advocated for legislation prohibiting the use of CBDCs in the state.  Speaking at an event titled “Government of Laws, Not Woke Politics,” he emphasized that if the U.S. Federal Reserve or Treasury were to officially establ...

Join Our Telegram channel to stay up to date on breaking news coverage AiDoge, an AI-driven meme-generating crypto project, continues to surge and reached $13 million in a presale, challenging the other emerging meme coin. Due to its amazing presale and creative platform, AiDoge has become a strong competitor in the market for meme coins. AiDoge: A trending presale has already raised 13 million AiDoge is one of the most talked-about cryptocurrency presales of the year because it is a unique mix of artificial intelligence (AI) technology and social appeal. $AI, the platform’s unique coin, is by far the most popular during the presale. The token has already has already raised $13 million. 🔥 $13 MILLION RAISED 🔥 Grab your $AI now before our #Presale ends! ⏰👀 👉 https://t.co/5j5tt4smcs #AiDoge #MemeCoin #Crypto $PEPE $FLOKI $DOGE $BTC — aidogecrypto (@aidogecrypto) May 24, 2023 At launch, the price of the token will go up from...

The accelerator will invest between $50,000 and $250,000 per project that builds on TON and has an MVP. On May 22, The Open Network (TON), a layer-1 blockchain previously created by Telegram, announced the launch of a $25 million fund for projects building on its ecosystem.  The venture, dubbed “TON Accelerator Program,” will invest between $50,000 and $250,000 per project and be accompanied by partnerships and mentorships from TON’s staff. Justin Hyun, head of incubation and growth at TON Foundation, commented: “Funding forms part of our local hubs rollout strategy and our ecosystem will work to attract new developers as well as successful repeat founders, based across a variety of key global locations.” The initial pool of recipients for the funding will be geared toward projects that participated in a recent TON hackathon, with investment particularly focused on incubating decentralized finance, or DeFi, projects. In addition to having the prerequisite of building on TON, project...

The Immutable X price prediction could set a bullish run if the bulls can push the coin above the 9-day and 21-day moving averages. Immutable X Prediction Statistics Data: Immutable X price now – $0.76 Immutable X market cap – $701.1 million Immutable X circulating supply – 914.1 million Immutable X total supply – 2 billion Immutable X Coinmarketcap ranking – #64 IMX/USD Market Key Levels: Resistance levels: $1.25, $1.30, $1.35 Support levels: $0.25, $0.20, $0.15 IMXUSD – Daily Chart IMX/USD is hovering at $0.76 with a gain of 5.49%. For the fact that the coin is recording slight gains, the Immutable X price may continue to follow a bullish movement within the channel if the coin crosses above the 9-day and 21-day moving averages. Meanwhile, traders can expect the price to rise if the bulls increase the pressure. Immutable X Price Prediction: IMX/USD May Move Upside The Immutable X price is on its way above the 9-day moving average at ...

The cryptocurrency community made Guinness World Records history on Bitcoin Pizza Day 2023. Notably, Daniel Nita, a Romanian Bitcoiner and crypto influencer, bought 10,000 pizzas with a single Bitcoin. Accordingly, the act established a new Official World Record in the category “Most Pizzas Sold in 24 hours.” Well done DMan 🫡, you’re in the #Bitcoin history books now. Welcome to @GWR Guinness World Records! Happy #BizzaDay #Romania #ParadigmShift https://t.co/JeJjb39WxL pic.twitter.com/X9fB2GLqWy — MisterSpread (@MisterSpread) May 22, 2023 Nita celebrated the new record and claimed that “No one can say now Bitcoin has no value.” He bought the 10,000 pizzas at Vintage Pub Bucharest (Romania) using Binance Pay as his payment method. Binance CEO Changpeng Zhao (CZ) replied to Nita’s tweet with “Legend!” NO ONE can say now #Bitcoin has no value…In 2010 Laszlo bought 2 pizza with 10,000 #bitcoin, TODAY we made history again ...

Institutional Investors Prefer Investing in Ethereum Than Bitcoin The narrative regarding Ethereum overtaking Bitcoin continues to rise after Ethereum Merge and Shanghai upgrade. Traders anticipate smaller swings in Ethereum than Bitcoin in the near term. advertisement Ethereum’s 30-day volatility index now trails more than Bitcoin volatility index. Moreover, the 180-day realized or historical volatility of Ether relative to Bitcoin has decreased immensely since 2020, according to Bloomberg. Ethereum & Bitcoin 180-Day Volatility. Source: Bloomberg This makes institutional investors more interested in investing in ETH than BTC as lower volatility typically enables institutional investors to allocate more capital to crypto. Long-term investors are more likely to increase exposure to Ethereum. Bitcoin and Ether implied volatility indexes are based on options pricing. Both indexes fell from recent peaks in March but the Ethereum index dropped mor...