Crypto-focussed Silvergate Bank's Q4 net income dipped nearly 9% to $21.4 million from $23.5 million in Q3.The bank's digital currency customers grew to 1,381 at the end of December from 1,305 at the end of September, according to an announcement on Tuesday.Average digital currency customer deposits also increased to $13.3 billion from $11.2 billion.Meanwhile, the bank's … [Read more...] about Silvergate Bank's Quarterly Net Income Dips 9% to $21.4M
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Binance CEO’s net worth hits $96B, Jack Dorsey launches BTC defense fund, Bill Miller apes into Bitcoin: Hodler’s Digest, Jan 9-15
Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link.Top Stories This WeekBinance CEO CZ is the richest crypto billionaire at $96B: BloombergBloomberg has estimated … [Read more...] about Binance CEO’s net worth hits $96B, Jack Dorsey launches BTC defense fund, Bill Miller apes into Bitcoin: Hodler’s Digest, Jan 9-15
Bitcoin’s Net Exchange Flows Flip Bearish As Cryptocurrency Struggles For Directional Bias
A blockchain indicator tracking the flow of coins in and out of centralized exchanges is signaling a bearish shift in investor sentiment similar to the one seen before the May 2021 crash.Glassnode data shows the 90-day moving average of net exchange flows has turned positive, meaning more coins are entering exchanges than leaving.Sustained net inflows, if any, would be a cause … [Read more...] about Bitcoin’s Net Exchange Flows Flip Bearish As Cryptocurrency Struggles For Directional Bias
Turning bullish? Institutions are net buyers of crypto for the first time in 5 weeks
Following their longest streak of selling since February 2018, institutional managers became net buyers of digital asset funds last week, offering cautious optimism that the worst of the market selloff has passed. Inflows into digital asset funds devoted to Bitcoin (BTC), Ether (ETH) and others totaled $63 million in the week ended July 2, CoinShares said in its latest report. … [Read more...] about Turning bullish? Institutions are net buyers of crypto for the first time in 5 weeks
China’s miner exodus a ‘big net positive for crypto,’ Mike Novogratz says
As major miners are leaving China one after another following the country’s crackdown on Bitcoin (BTC), Galaxy Digital CEO Mike Novogratz has echoed other experts in seeing the migration out of China as a positive development.Novogratz explained on Bloomberg that despite China’s attempt to undermine Bitcoin — like banning mining, banning leverage, and even banning Bitcoin in … [Read more...] about China’s miner exodus a ‘big net positive for crypto,’ Mike Novogratz says