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
Quarterly
Voyager Digital’s Estimated Quarterly Revenue Doubles to $165M
Voyager Digital’s estimated revenue for the quarter ended Dec. 31, 2021, was $165 million, more than double the $81.5 million figure of the previous quarter.The total revenue for the calendar year 2021 is estimated to be $415 million, the crypto exchange announced on Wednesday.Additionally, Voyager’s net new deposits for the quarter was around $1.04 billion compared to $827 … [Read more...] about Voyager Digital’s Estimated Quarterly Revenue Doubles to $165M
Grayscale Adds Flexa’s AMP to DeFi Fund, Removes BNT, UMA In Quarterly Rebalancing
By enabling payments through the Flexa network, supporting merchants can more easily and trustlessly accept payment in BTC, ETH, and other digital assets. The Flexa network is one of a number of projects intended to accelerate the development of the blockchain into a mature peer-to-peer money system, according to Grayscale. Source link … [Read more...] about Grayscale Adds Flexa’s AMP to DeFi Fund, Removes BNT, UMA In Quarterly Rebalancing
Binance introduces BNB Auto-Burn to replace quarterly burn protocol
Binance officially announced the implementation of a new BNB Auto-Burn protocol to replace their current quarterly burn mechanism. In response to the requests of the BNB community, Binance changed its quarterly burning protocol for BNB tokens. According to Binance, this will provide more “transparency and predictability” to its community. With this, BNB will be burned … [Read more...] about Binance introduces BNB Auto-Burn to replace quarterly burn protocol
Bank of International Settlement calls the rise of decentralized finance ‘an illusion’ in latest quarterly review
On Monday, the Bank of International Settlement, or BIS, a financial institution owned by central banks worldwide, published a report scrutinizing the development of the decentralized finance, or DeFi, industry. The article opened by saying, "There is a "decentralization illusion" in DeFi since the need for governance makes some level of centralization inevitable, and … [Read more...] about Bank of International Settlement calls the rise of decentralized finance ‘an illusion’ in latest quarterly review