Skip to main content

Silvergate’s

 Silvergate’s stock is down 80 to 90% this year. Silvergate is a bank that specializes in helping all these crypto companies out. Now we know why a lot of traditional finance or traditional banks don't help out with crypto companies. And you can see Silvergate keeps losing money with all these crypto funds that are stuck here and there.

The latest is because of BlockFi declaring bankruptcy. 

Comments

Popular posts from this blog

First of all is the Fed.

 Every week we talk about inflation calming down. This week there is a hint that maybe December’s interest hike might only be a 50 basis point move as opposed to the expected 75 basis point move.  This is why you’ll hear markets “cheer, everything is still going up. They're seeing an end in sight to these interest hikes. This is important because if one can reasonably assume the interest rate peak is going to be in February, then they can start deploying their funds accordingly.

Why you should believe in Bitcoin 2023

  Here is why we think Bitcoin is making a comeback SOON! So, you better get ready. Bitcoin is about to make the “geniuses” at the Federal Reserve look, well…. Stupid.  Bitcoin  is “halving” and there is a great chance this could be a major spike in the asset's price.   But you need to be an early adopter to grab this opportunity.   What is halving?   It’s what makes the dollar look ridiculous!   While the Federal  Reserve an d Treasury are printing more money and devaluing the dollar, Bitcoin is doing the opposite.   Bitcoin is making it twice as hard to mine and thus slowing down the number of Bitcoin in the world.   Bitcoin is making itself more valuable.   Take lessons Powell, you might learn something!   To learn more about halving and profit from it,     Don’t be a Powell, ILLBERTIC

ConsenSy/MetaMask

 The other big thing this week was ConsenSys. ConsenSy owns MetaMask and they use Infura, which is a API that interfaces with the Ethereum blockchain. They're going to start collecting your location/IP data. And what is a controversy here is the question “does this mean crypto is no longer anonymous?” So what we'll do is kind of post some alternatives on MetaMask and different RPCs. So RPC is just how do you communicate with Ethereum essentially and the API to Ethereum. And basically, we can give you a few alternatives. And you could also VPN, and I think it also solves a problem. We’ll post those in our monthly “State of Crypto” Newsletter coming out later today.  Okay. Now, let's move on.