Silvergate Capital posts $1B loss in Q4’22
Silvergate Capital posts $1B loss in Q4’22Silvergate reported a net loss of $1 billion and a decrease in digital asset customers and customer-related fee income.
Happy Tuesday!The global crypto market cap is $991.93 billion with a 24-hour volume of $49.97 billion. The price of Bitcoin is $21,202.88 and BTC market dominance is 41.2%. The price of Ethereum is $1,574.48 and ETH market dominance is 19.4%. The best performing cryptoasset sector is Yield Farming, which gained 13%.
Latest NewsSilvergate Capital posts $1B loss in Q4’22
Silvergate reported a net loss of $1 billion and a decrease in digital asset customers and customer-related fee income. Hashkey Capital commits $500M to advance crypto, blockchain initiativesHashkey's Fund III will focus on infrastructures, toolings, and applications with mass adoption potential. Bitcoin mining emissions down 10% as Kazakhstan’s hash rate share decreasesZero-emission energy resources account for 52.2% of the network's energy usage. Meanwhile, Kazakhstan now represents only 6.4% of the global hash rate. Circle: USDC stablecoin is always 1:1 redeemable for US dollarsCircle published a recap of 2022 and said it had kept its promise of dollar parity and the future for digital dollars looks bright. Thailand’s SEC mandates exchanges to establish digital wallet management systemDigital asset providers in Thailand are required to have contingency plans in case of events that compromise their digital wallets. CryptoSlate Daily wMarket Update: Bitcoin breaks $21,000 in sustained bull market performanceThe wMarket Update condenses the most important price movements in the crypto markets over the reporting period, published 07:45 ET on weekdays. Binance burns $600M BNB in 22nd burn eventBinance reported that 2.05 million tokens were burnt through its auto-burn program — the Pioneer Burn Program accounting for 7,181 BNB. Ethereum mainnet hits record-breaking 32B weekly gas expenditureEthereum L2 networks spent a record-breaking 32 billion gas to validate transactions and activate bridges between Jan. 9 and Jan. 15. SushiSwap to launch DEX aggregator and decentralized incubator in Q1Head Chef Jared Grey said that by properly executing its vision, SushiSwap intends to increase its market share by 10x in 2023. Alameda liquidators lose $11.5M due to liquidations over 2 weekOver $4 million of losses were preventable if liquidators closed positions instead of pulling collateral, according to Arkham Intelligence.
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