Category Archives: Financial Report

Bitcoin price slides 5% in 60 minutes amid Silvergate uncertainty

By Cointelegraph By Brayden LindreaMarch 3, 202310-K Filing, btc, Financial Report, price, silvergate bank

The price of BTC has fallen a steep 5% in 60 minutes in the early hours of Mar. 3, wiping $22 billion from Bitcoin's market cap.

MicroStrategy, Tether adds to firms distancing from Silvergate as stock dives 57%

By Cointelegraph By Brayden LindreaMarch 3, 202310-K Filing, Crypto bank, Financial Report, galaxy digital, Infrastructure Platform, Paxos, Silvergate, Silvergate Exchange Network, U.S. Department of Justice, Wintermute

MicroStrategy confirmed that none of its 130,000 BTC is custodied by Silvergate. However, the firm does have a loan to pay off to the bank by Q1 2025.

Stablecoins and CBDCs might play ‘meaningful role’ in payments — Visa CEO

By Cointelegraph By Brayden LindreaJanuary 25, 2023Al Kelly, Annual Meeting, Central Bank Digital Currencies, credit cards, Debit Cards, earnings call, Financial Report, interoperability, partnership, Ryan McInerney

Visa began working on a blockchain interoperability project in Sept. 2021 to support CBDC and stablecoin adoption but few updates have been made since.

VeChain Foundation reports $1.2B crypto treasury… but spent just $4M in Q1

By Cointelegraph By Brian NewarMay 11, 2022Financial Report, VeChain Foundation

The supply chain tracking project has a comfortable cushion in its Foundation treasury, but expenditures were very low through the first quarter of 2022.