The Trouble with Crypto Bank Silvergate Is Growing
The trouble surrounding Silvergate Bank appears to be getting worse, and the company has attracted a lot of negative attention in recent weeks after it stated it has concerns about how well it can do in the future.
Silvergate Is in Hot WaterSilvergate is a crypto lender that lost billions of dollars in 2022 due to the ongoing volatility and market speculation. That year was easily the worst on record for crypto given how poorly assets did. Bitcoin, for example, lost more than 70 percent off its all-time high of $68,000 per unit, which it achieved in November of 2021. 12 months later, the currency had fallen into the mid-$16K range.
Several assets chose to follow in BTC’s footsteps, and by the time 2022 was coming to an end, the space had lost more than $2 trillion in overall valuation. It was a rough and ugly sight to see. Between all these items were the many bankruptcies that several crypto companies endured, many of which were lenders that were having trouble getting their money back due to the weakening market conditions. Among the firms to enter bankruptcy courts were Block Fi, Three Arrows Capital, and Celsius.
The trouble surrounding Silvergate Bank appears to be getting worse, and the company has attracted a lot of negative attention in recent weeks after it stated it has concerns about how well it can do in the future.
Silvergate Is in Hot WaterSilvergate is a crypto lender that lost billions of dollars in 2022 due to the ongoing volatility and market speculation. That year was easily the worst on record for crypto given how poorly assets did. Bitcoin, for example, lost more than 70 percent off its all-time high of $68,000 per unit, which it achieved in November of 2021. 12 months later, the currency had fallen into the mid-$16K range.
Several assets chose to follow in BTC’s footsteps, and by the time 2022 was coming to an end, the space had lost more than $2 trillion in overall valuation. It was a rough and ugly sight to see. Between all these items were the many bankruptcies that several crypto companies endured, many of which were lenders that were having trouble getting their money back due to the weakening market conditions. Among the firms to enter bankruptcy courts were Block Fi, Three Arrows Capital, and Celsius.
Learn why AI crypto Avorak AI is the next market trend to surpass SHIB
The cryptocurrency market has witnessed a fair share of events in recent times, with popular coins like Shiba Inu making headlines and capturing attention. However, as the hype seems to fizzle, a new trend is emerging in the crypto world that may surpass the Shiba Inu craze. The AI crypto world’s impact on the cryptocurrency market is evidenced by emerging projects like Avorak AI, whose popularity and value surpass many players.
AI Crypto: The Next Big Crypto TrendWhen AI and cryptocurrency come together, they create exciting, dynamic, and growing new possibilities. AI crypto integrates artificial intelligence into the cryptocurrency space, offering the potential to increase returns and improve security. Blockchain technology provides a secure and transparent platform, and combining it with AI is the next big crypto market trend. AI crypto players like Avorak AI, Fetch.ai, and SingularityNET are deploying AI-blockchain infrastructure for businesses and individuals to simplify tasks like the market watch and crypto trading technical analysis.
Avorak AI: The Next 20X Crypto?Avorak AI is the leading AI crypto platform with a comprehensive one-stop solution for individuals and blockchains. Crypto trading has never been easier than using its ease-of-use trade bots. Avorak Trade monitors markets around the clock for any profitable signals. The bot has been instrumental in relaying accurate trade signals through its indicators during its beta testing stages.
AVRK tokens can be purchased at $ 0.235 in ICO phase six. Although discounted during the ICO stage, the AVRK price has shown a tremendous rise by 291.67%, and interested users can take advantage before May 30, when the price rise will occur. Avorak’s platform is secure and transparent, as confirmed by two audits by CyberScope and SolidProof. Avorak AI’s ICO performance has not gone unnoticed as YouTube enthusiasts have provided insights on YouTube, with Jacob Crypto Bury tagging the project as the next 10x crypto. Its launch at $1 will feature on LAToken, Azbit, Coinsbit, and PancakeSwap exchanges.
The cryptocurrency market has witnessed a fair share of events in recent times, with popular coins like Shiba Inu making headlines and capturing attention. However, as the hype seems to fizzle, a new trend is emerging in the crypto world that may surpass the Shiba Inu craze. The AI crypto world’s impact on the cryptocurrency market is evidenced by emerging projects like Avorak AI, whose popularity and value surpass many players.
AI Crypto: The Next Big Crypto TrendWhen AI and cryptocurrency come together, they create exciting, dynamic, and growing new possibilities. AI crypto integrates artificial intelligence into the cryptocurrency space, offering the potential to increase returns and improve security. Blockchain technology provides a secure and transparent platform, and combining it with AI is the next big crypto market trend. AI crypto players like Avorak AI, Fetch.ai, and SingularityNET are deploying AI-blockchain infrastructure for businesses and individuals to simplify tasks like the market watch and crypto trading technical analysis.
Avorak AI: The Next 20X Crypto?Avorak AI is the leading AI crypto platform with a comprehensive one-stop solution for individuals and blockchains. Crypto trading has never been easier than using its ease-of-use trade bots. Avorak Trade monitors markets around the clock for any profitable signals. The bot has been instrumental in relaying accurate trade signals through its indicators during its beta testing stages.
AVRK tokens can be purchased at $ 0.235 in ICO phase six. Although discounted during the ICO stage, the AVRK price has shown a tremendous rise by 291.67%, and interested users can take advantage before May 30, when the price rise will occur. Avorak’s platform is secure and transparent, as confirmed by two audits by CyberScope and SolidProof. Avorak AI’s ICO performance has not gone unnoticed as YouTube enthusiasts have provided insights on YouTube, with Jacob Crypto Bury tagging the project as the next 10x crypto. Its launch at $1 will feature on LAToken, Azbit, Coinsbit, and PancakeSwap exchanges.
Fuck memecoins, says PSYCHO. Yep, you heard that right. Here's why it got our attention:
• Provocative? Absolutely, PSYCHO ain't afraid to challenge the status quo.
• Strong community? 100%. Bunch of defiant spirits rallying behind the coin. Our kind of crowd.
Launched? May 29th
• Results so far? 750 holders, $3.5m market cap.
• CEX listing? First listing on MEXC today at 12pm UTC.
• Next CEXs? They are in contact with Bybit, Huobi, OKX
• Tokenomics? Crystal clear. 90% for DEX liquidity, 5% for CEX, 5% for the community. No BS.
DYOR, but from my side, this might be a massive pump. Don't forget to thank me later.
🧿 Rating: coinmarketcap
💰 Buy: uniswap, mexc
🐦 Follow: twitter
• Provocative? Absolutely, PSYCHO ain't afraid to challenge the status quo.
• Strong community? 100%. Bunch of defiant spirits rallying behind the coin. Our kind of crowd.
Launched? May 29th
• Results so far? 750 holders, $3.5m market cap.
• CEX listing? First listing on MEXC today at 12pm UTC.
• Next CEXs? They are in contact with Bybit, Huobi, OKX
• Tokenomics? Crystal clear. 90% for DEX liquidity, 5% for CEX, 5% for the community. No BS.
DYOR, but from my side, this might be a massive pump. Don't forget to thank me later.
🧿 Rating: coinmarketcap
💰 Buy: uniswap, mexc
🐦 Follow: twitter
Senator Ted Cruz Really Doesn’t Want a CBDC in Play
Republican Senator from Texas Ted Cruz says he doesn’t want a digital dollar or any central bank digital currencies (CBDCs) entering the fray. He believes they’ll bring about an end to bitcoin, a cryptocurrency he has a lot of respect and admiration for.
Ted Cruz Is Confident a CBDC Would Hurt BTCIn a recent statement, Cruz said the following about CBDCs:
We see China moving forward with the intention of using a CBDC to destroy all value of bitcoin, to destroy anonymity, to destroy decentralization. Joe Biden, early in his presidency, issued an executive order directing the Federal Reserve to study creating a CBDC, and the New York branch of the Fed is working on doing exactly that.
Republican Senator from Texas Ted Cruz says he doesn’t want a digital dollar or any central bank digital currencies (CBDCs) entering the fray. He believes they’ll bring about an end to bitcoin, a cryptocurrency he has a lot of respect and admiration for.
Ted Cruz Is Confident a CBDC Would Hurt BTCIn a recent statement, Cruz said the following about CBDCs:
We see China moving forward with the intention of using a CBDC to destroy all value of bitcoin, to destroy anonymity, to destroy decentralization. Joe Biden, early in his presidency, issued an executive order directing the Federal Reserve to study creating a CBDC, and the New York branch of the Fed is working on doing exactly that.
Polygon Unveils Game-Changing Transformation of MATIC into Versatile POL Token
Polygon Labs, the development team behind Ethereum scaling solution Polygon, has announced its new native token, POL. Through a Twitter announcement, Polygon Labs proposed an upgrade plan to replace the existing token, MATIC, with POL — thereby establishing POL as the exclusive token for all networks within the Polygon ecosystem.
1/ Today, the next technical proposal of Polygon 2.0 is unveiled:POL, the upgraded token of the Polygon protocol! POL is the next generation native token, designed to secure, align and grow the Polygon ecosystem.Watch the video to get an idea how cool it is, then pic.twitter.com/Gn7KcHpWEY
Polygon Labs, the development team behind Ethereum scaling solution Polygon, has announced its new native token, POL. Through a Twitter announcement, Polygon Labs proposed an upgrade plan to replace the existing token, MATIC, with POL — thereby establishing POL as the exclusive token for all networks within the Polygon ecosystem.
1/ Today, the next technical proposal of Polygon 2.0 is unveiled:POL, the upgraded token of the Polygon protocol! POL is the next generation native token, designed to secure, align and grow the Polygon ecosystem.Watch the video to get an idea how cool it is, then pic.twitter.com/Gn7KcHpWEY
Bitcoin Dips Below $26K in Crypto Market Whirlwind; $1 Billion Liquidated Amid Top Coins’ Tumble
Bitcoin’s value briefly slipped below the $26K threshold at 5:50 p.m. Eastern Time on Thursday before swiftly rebounding past the $26,000 benchmark. Concurrently, the expansive crypto landscape experienced an 8% tumble against the U.S. dollar, teetering dangerously close to dropping below the $1 trillion threshold. Moreover, a staggering $1 billion in derivatives positions were met with liquidations within the crypto market.
Bitcoin Wavers and $1B in Crypto Derivatives Trades Liquidated
Bitcoin’s value briefly slipped below the $26K threshold at 5:50 p.m. Eastern Time on Thursday before swiftly rebounding past the $26,000 benchmark. Concurrently, the expansive crypto landscape experienced an 8% tumble against the U.S. dollar, teetering dangerously close to dropping below the $1 trillion threshold. Moreover, a staggering $1 billion in derivatives positions were met with liquidations within the crypto market.
Bitcoin Wavers and $1B in Crypto Derivatives Trades Liquidated
Analyst on Bitcoin: 4-hour candlestick closeup could signal the return of the bull run
Prominent cryptocurrency analyst shares insight into the Bitcoin market and the possibility of the big bull making a highly anticipated comeback. In a recent post shared to X, formerly Twitter, pseudonymous analyst Ali Charts broke down an interesting pattern spotted in the Bitcoin charts.
In his post, the analyst observed that since mid-April, the price of bitcoin has retraced every time the Relative Strength Index (RSI) hits 73.31 on the 4-hour chart.
Prominent cryptocurrency analyst shares insight into the Bitcoin market and the possibility of the big bull making a highly anticipated comeback. In a recent post shared to X, formerly Twitter, pseudonymous analyst Ali Charts broke down an interesting pattern spotted in the Bitcoin charts.
In his post, the analyst observed that since mid-April, the price of bitcoin has retraced every time the Relative Strength Index (RSI) hits 73.31 on the 4-hour chart.
Crypto Trader Updates Dogecoin and Solana Outlook, Sees ‘Moment of Truth’ for Bitcoin Layer-2 Project
A widely followed crypto trader is taking a deep dive into the exploding altcoin markets, starting with Dogecoin (DOGE).
Pseudonymous crypto analyst Rekt Capital tells his 364,700 followers on the social media platform X that DOGE’s weekly close will be the most important signal of what’s to come.
A widely followed crypto trader is taking a deep dive into the exploding altcoin markets, starting with Dogecoin (DOGE).
Pseudonymous crypto analyst Rekt Capital tells his 364,700 followers on the social media platform X that DOGE’s weekly close will be the most important signal of what’s to come.
Analyst Says Bitcoin Structure Bullish, Predicts Parabolic Rally for ‘Impulsive’ BTC – Here Are His Targets
A widely followed crypto analyst is predicting a parabolic rally for Bitcoin (BTC) as its structure is displaying bullish signs.
In a new strategy session, pseudonymous crypto trader Bluntz says that the slight pullback the king crypto experienced overnight is likely going to serve as its low as its price continues to surge.
A widely followed crypto analyst is predicting a parabolic rally for Bitcoin (BTC) as its structure is displaying bullish signs.
In a new strategy session, pseudonymous crypto trader Bluntz says that the slight pullback the king crypto experienced overnight is likely going to serve as its low as its price continues to surge.
Cardano and Avalanche Soar, Outperforming Top 20 Cryptos in Weekly Surge
Market statistics indicate that two specific crypto assets among the top 20 in market capitalization, avalanche and cardano, have experienced substantial gains this past week. Avalanche has surged 48.7% and cardano has increased by 50.4% against the U.S. dollar in the previous seven days.
Top Performers of the Week: Cardano and Avalanche Record Substantial Rises
Market statistics indicate that two specific crypto assets among the top 20 in market capitalization, avalanche and cardano, have experienced substantial gains this past week. Avalanche has surged 48.7% and cardano has increased by 50.4% against the U.S. dollar in the previous seven days.
Top Performers of the Week: Cardano and Avalanche Record Substantial Rises
Solana-Based Altcoin Rockets 22% in Hours After Coinbase Announces Official Listing
One Solana-based (SOL) altcoin is surging just after the top US crypto exchange platform Coinbase announced it would be officially listing it.
Earlier this week, Coinbase announced that it would be supporting Hivemapper (HONEY), a decentralized global mapping network built over the Solana blockchain.
One Solana-based (SOL) altcoin is surging just after the top US crypto exchange platform Coinbase announced it would be officially listing it.
Earlier this week, Coinbase announced that it would be supporting Hivemapper (HONEY), a decentralized global mapping network built over the Solana blockchain.
Bernstein Uber-Bullish On Ethereum: Is Ether The Next ‘Institutional Darling’ With ETH Price Smashing New All-Time High?
2024 has everything to be the biggest year in the history of the Ethereum ecosystem.
In addition to the potential approval of an Ether spot exchange-traded fund (ETF) in the United States, this year will also mark the blockchain’s first bull cycle since the Merge in 2022, which could see the largest altcoin set a new record high.
2024 has everything to be the biggest year in the history of the Ethereum ecosystem.
In addition to the potential approval of an Ether spot exchange-traded fund (ETF) in the United States, this year will also mark the blockchain’s first bull cycle since the Merge in 2022, which could see the largest altcoin set a new record high.
The Untold Story of Bitgert Coin: A Potential 100x Gem
Bitgert arrived in the cryptocurrency market in July 2021. The project gained fast attention in the meme coin space. However, everything turned around when Bitgert created its own blockchain network.
This full-fledged Proof-of-Authority blockchain move was aimed at providing a lightning-fast transaction speed, low fees and better scalability that are vital to the project’s vision for long-term growth.
What Makes Bitgert Special?There are numerous factors that Bitgert has been focusing on for the past few years to get noticed in this Cryptomarket. Most of them have been through innovative technology. Check out some incredible features offered by this altcoin.
High Transaction Speed: Steadily adding up, Bitgert is one of the fastest blockchains ever built with an ability to handle 100k transactions per second (TPS). Through faster transactions users are given a smoother experience and more opportunities for adoption on wider scale.
Bitgert arrived in the cryptocurrency market in July 2021. The project gained fast attention in the meme coin space. However, everything turned around when Bitgert created its own blockchain network.
This full-fledged Proof-of-Authority blockchain move was aimed at providing a lightning-fast transaction speed, low fees and better scalability that are vital to the project’s vision for long-term growth.
What Makes Bitgert Special?There are numerous factors that Bitgert has been focusing on for the past few years to get noticed in this Cryptomarket. Most of them have been through innovative technology. Check out some incredible features offered by this altcoin.
High Transaction Speed: Steadily adding up, Bitgert is one of the fastest blockchains ever built with an ability to handle 100k transactions per second (TPS). Through faster transactions users are given a smoother experience and more opportunities for adoption on wider scale.
Major US City Handing $32,000,000 To Residents As Guaranteed Income Program Reboots
A major US city is preparing to relaunch a multimillion-dollar basic income program that will hand cash directly to residents.
Mayor Brandon Johnson says he is allocating $32 million to reboot the Chicago Resilient Communities pilot, reports CBS News.
The revived program seeks to hand out $500 per month for a period of one year to families experiencing financial struggles.
A major US city is preparing to relaunch a multimillion-dollar basic income program that will hand cash directly to residents.
Mayor Brandon Johnson says he is allocating $32 million to reboot the Chicago Resilient Communities pilot, reports CBS News.
The revived program seeks to hand out $500 per month for a period of one year to families experiencing financial struggles.
Binance Dealt Another Blow: India’s Financial Watchdog Imposes $2.2M Fine For AML Violations
India’s Financial Intelligence Unit (FIU) has imposed a $2.2 million fine against Binance — the world’s largest cryptocurrency exchange by trading volume — for running afoul of the country’s anti-money laundering rules.
Binance Fined By IndiaBinance has been slapped with a $2.2 million (18.82 crore INR) fine for offering services to Indian customers without adhering to the nation’s anti-money laundering (AML) rules, according to a June 20 announcement.
In particular, the Financial Intelligence Unit found that Binance did not adhere to multiple Prevention of Money Laundering Act (PMLA) regulations, including reporting transaction records, complying with reporting requirements for suspicious activities, and enforcing robust measures to deter money laundering.
India’s Financial Intelligence Unit (FIU) has imposed a $2.2 million fine against Binance — the world’s largest cryptocurrency exchange by trading volume — for running afoul of the country’s anti-money laundering rules.
Binance Fined By IndiaBinance has been slapped with a $2.2 million (18.82 crore INR) fine for offering services to Indian customers without adhering to the nation’s anti-money laundering (AML) rules, according to a June 20 announcement.
In particular, the Financial Intelligence Unit found that Binance did not adhere to multiple Prevention of Money Laundering Act (PMLA) regulations, including reporting transaction records, complying with reporting requirements for suspicious activities, and enforcing robust measures to deter money laundering.
Get your FREE Entry NFT for Crypto: The Game!
Uniswap's acclaimed Crypto: The Game is about to launch its third season. You must purchase Entry NFT to participate in this survival game, but right now you can get Entry NFT for FREE (just by paying gas for the NFT claim).
Moreover, you can get Entry NFT in all the blockchains supported by the game, namely Ethereum, BSC, Base, Polygon, Arbitrum, Avalanche and Optimism. This will increase your chances in the game. Hurry up! There are only a few days left until the start of the third season!
Website: Crypto: The Game
Uniswap's acclaimed Crypto: The Game is about to launch its third season. You must purchase Entry NFT to participate in this survival game, but right now you can get Entry NFT for FREE (just by paying gas for the NFT claim).
Moreover, you can get Entry NFT in all the blockchains supported by the game, namely Ethereum, BSC, Base, Polygon, Arbitrum, Avalanche and Optimism. This will increase your chances in the game. Hurry up! There are only a few days left until the start of the third season!
Website: Crypto: The Game
Uniswap Labs’ Crypto: The Game set for Emmy Award consideration
Uniswap Labs may bag the crypto industry’s first Emmy Award for its recently acquired Crypto: The Game (CTG). The online survival game is a huge hit with degen gamers and a contender for an Emmy nomination in the Outstanding Emerging Media Program category.
The game is based on a TV reality show format, pitting ten “tribes” of 80 players against each other as they struggle to survive daily “immunity challenges,” such as competing in arcade games or winning an online digital scavenger hunt.
Uniswap Labs may bag the crypto industry’s first Emmy Award for its recently acquired Crypto: The Game (CTG). The online survival game is a huge hit with degen gamers and a contender for an Emmy nomination in the Outstanding Emerging Media Program category.
The game is based on a TV reality show format, pitting ten “tribes” of 80 players against each other as they struggle to survive daily “immunity challenges,” such as competing in arcade games or winning an online digital scavenger hunt.
Third season of Crypto: The Game starting next week! Hurry up and get your Free entry NFT now!
The Emmy-nominated game is about to launch its third season, which promises to be the biggest event in the crypto gaming industry ever! Don't miss your chance to be a part of this story.
Link: Crypto: The Game
The Emmy-nominated game is about to launch its third season, which promises to be the biggest event in the crypto gaming industry ever! Don't miss your chance to be a part of this story.
Link: Crypto: The Game
Marketmaker Gotbit has unveiled a revolutionary tool for traders with free trial period
Gotbit Labs is thrilled to announce the launch of the latest innovation – Gotbit DEX Manager, a comprehensive decentralized exchange management tool designed to streamline your trading experience.
To activate the FREE period, connect with your active wallet on one or more supported blockchains (Ethereum, BSC, Base, Arbitrum, Avalanche, Optimism, Polygon). This wallet address will be connected to Gotbit DEX manager and you will be able to use the system only from this address for 1 month for free. After 1 month you will be able to prolong the work on one of the tariffs offered in the system.
Gotbit Labs is thrilled to announce the launch of the latest innovation – Gotbit DEX Manager, a comprehensive decentralized exchange management tool designed to streamline your trading experience.
To activate the FREE period, connect with your active wallet on one or more supported blockchains (Ethereum, BSC, Base, Arbitrum, Avalanche, Optimism, Polygon). This wallet address will be connected to Gotbit DEX manager and you will be able to use the system only from this address for 1 month for free. After 1 month you will be able to prolong the work on one of the tariffs offered in the system.
Trader earned $650,000 on Memecoins in just 12 minutes with Gotbit DEX Manager
A novice trader posted on his Twitter that he was able to make over $650,000 in just 12 minutes using new software from marketmaker Gotbit Labs.
Earlier it became known that Gotbit DEX Manager became the most popular software for launching MEV bots on the Base and Ethereum networks.
A novice trader posted on his Twitter that he was able to make over $650,000 in just 12 minutes using new software from marketmaker Gotbit Labs.
Earlier it became known that Gotbit DEX Manager became the most popular software for launching MEV bots on the Base and Ethereum networks.