Search Results for: Gate

Morgan Stanley Sees Crypto-Focused Bank Silvergate Shares Gain Up To 52% Rise on Positive Business Update

While several financial institutions are wary of Bitcoin and other cryptocurrencies, Morgan Stanley, the fourth largest investment bank globally, has actively been eying investment in crypto assets. In a research note on Monday, September 27, Morgan Stanley recommended the stocks in Silvergate, which provides commercial banking and lending services to cryptocurrency companies. As a result, … Continue reading Morgan Stanley Sees Crypto-Focused Bank Silvergate Shares Gain Up To 52% Rise on Positive Business Update

Bitcoin Mining Firm Marathon Digital Posts 91% Growth in Q3, Gets $100M Credit Line from Silvergate Bank

Marathon Digital Holdings Inc, a US-based cryptocurrency mining firm, has obtained a $100 million revolving line of credit from Silvergate bank in Bitcoin and US dollars. On Monday, October 4, Marathon Digital announced that it obtained the $100 million credit line from crypto-friendly Silvergate bank on Friday October 1. The firm stated that it will use the … Continue reading Bitcoin Mining Firm Marathon Digital Posts 91% Growth in Q3, Gets $100M Credit Line from Silvergate Bank

Golden Gate University Establishes Blockchain Law for Social Good Center to Aid Regulation

To meet the three pillars of the community, education, research and policy when expanding the knowledge base of lawyers, lawmakers and community members about the social benefits of blockchain technology, the Golden Gate University School of Law has teamed up with Algorand Foundation to set up one of a kind centre.  According to Michele Neitz, … Continue reading Golden Gate University Establishes Blockchain Law for Social Good Center to Aid Regulation

Silvergate Bank Hires Aave General Counsel Rebecca Rettig as Board of Director

Rebecca Rettig, a general counsel for Aave Companies, the team behind decentralized finance (DeFi) platform Aave, is assuming a new role at Silvergate bank, a leading bank for innovative businesses in fintech and cryptocurrency. Silvergate Capital Corporation announced Wednesday the appointment of Rebecca Rettig to the board of directors for both Silvergate Bank and its … Continue reading Silvergate Bank Hires Aave General Counsel Rebecca Rettig as Board of Director

MacroStrategy Secures Collateral Loan, Worth $205m from Silvergate Bank for Purchasing Bitcoin

MacroStrategy, a subsidiary of MicroStrategy, a US business software firm, announced Tuesday that it secured a $205 million term loan from Silvergate Bank, a crypto-focused bank. The loan was offered through the Silvergate Exchange Network (SEN) Leverage program, which issues U.S. dollar loans using Bitcoin as collateral. The interest-only loan was secured by a certain … Continue reading MacroStrategy Secures Collateral Loan, Worth $205m from Silvergate Bank for Purchasing Bitcoin

Samsung Inks Deal with Nifty Gateway, Allowing Trading NFTs with Smart TVs

For more innovations, South Korean electronics giant Samsung has teamed up with Nifty Gateway to develop a new line of smart TVs to enable non-fungible tokens (NFTs) to be bought, sold, and held.  Nifty Gateway, a leading marketplace for NFTs owned by Gemini crypto exchange, will join Samsung’s NFT platform on its 2022 Neo QLED … Continue reading Samsung Inks Deal with Nifty Gateway, Allowing Trading NFTs with Smart TVs

Silvergate Bank Earns Nearly $60m in Q1, Net Income Hits $24.7m

American Commercial bank Silvergate Capital, a bank focused on digital currencies, reports financial results for the first quarter of 2022. According to the financial report, the company’s Q1 revenue in 2022 is $59.9 million, a year-on-year increase of 93%, and its net income is as high as $24.7 million, a year-on-year increase of 94%. The … Continue reading Silvergate Bank Earns Nearly $60m in Q1, Net Income Hits $24.7m

Crypto Exchange Gate.io Launches Institutional Services Division

Gate.io, a major cryptocurrency based in the US, announced on Wednesday that it has launched an institutional services arm that is designed specifically for servicing brokers and market makers. The new service, which is named “Gate Institutional,” will provide the tools needed to help institutions to increase their cryptocurrency exposure. The division aims to offer … Continue reading Crypto Exchange Gate.io Launches Institutional Services Division

Prosecutors Investigate Do Kwon with Ponzi Fraud Charges amid Terraform Labs Dissolvement

Do Kwon’s scandal seem to be deepening. Prosecutors are investigating whether they will file Ponzi fraud charges against him following the Terra crash, according to The Korea Times.  This comes a day after LUNA and UST investors filed a legal complaint against Do Kwon and Daniel Shin, the co-founders of Terraform Labs. LUNA and UST are … Continue reading Prosecutors Investigate Do Kwon with Ponzi Fraud Charges amid Terraform Labs Dissolvement

Mobile Game Publisher Kongregate Launch $40M Fund for Web 3 Developer

Mobile game publisher Kongregate has partnered with Immutable X, Ethereum’s leading Layer 2 (L2) scaling solution, to launch a $40 million blockchain developer fund. This time, the fund will establish the IMX token pool as a grant awarded to the development of blockchain games on the web3 gaming platform Kongregate.com. Immutable X provides Ethereum Layer … Continue reading Mobile Game Publisher Kongregate Launch $40M Fund for Web 3 Developer

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