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    Silvergate Capital Incurs Loss of $1 Billion in Q4 of 2022

    Silvergate Capital Incurs Loss of $1 Billion in Q4 of 2022

    Silvergate Capital Corporation, the parent firm of the crypto-focused bank Silvergate Bank, has attributed the $1 billion loss it incurred in the fourth quarter of 2022 to the confidence crisis that permeates the entire crypto ecosystem. While Silvergate has taken...
    Decentralized forex will reduce cost by as much as 80%: Report

    Decentralized forex will reduce cost by as much as 80%: Report

    If the foreign exchange market starts using decentralized finance (DeFi) protocols instead of the current centralized systems, the cost of remittances could be reduced by “as much as 80%,” according to a Jan. 19 paper jointly published by researchers at Circle and...
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