Silvergate Capital Corporation, the parent company of Silvergate Bank, has filed for Chapter 11 bankruptcy in Delaware.
- **Assets and Liabilities:** Between $100M and $500M in assets and $10M to $50M in liabilities. - **Reorganization Plan:** Full payment of priority debts; discharge of claims related to common stock. - **Context:** The bankruptcy comes 18 months after shutting down operations due to liquidity issues and regulatory scrutiny following the fall of FTX.
What do you think about the future of crypto-friendly banks? Comment below!
Participate in the #TopCoinsSeptember campaign for a chance to win up to 1000 FDUSD! Showcase your top 5 token picks on Binance in September 2024. Share project details, price trends, and forecasts.
Campaign period: August 28, 2024 (00:00 UTC) to September 10, 2024 (23:59 UTC)
How to Participate: Post a list of your top 5 Binance tokens for September using the #TopCoinsSeptember tag on Binance Square.
Elon Musk has reportedly made a jaw-dropping $25 BILLION bid to take over Ripple Labs, the creators of XRP! 😱 If this deal gets the green light, XRP’s future could change forever. Experts are already talking about a potential surge, with predictions hitting a mind-blowing $1482 per token! 🚀🌍
Are we on the brink of an XRP revolution? Stay tuned because this could be a game-changer for the entire crypto market!
If you entered the crypto market, it’s because you want to make money. But let me be real with you—most of you are going about it all wrong. I can guarantee that at least 80% of you will lose money during this bull market.
I see so many people jumping into cryptos just because they’ve heard of them. They buy at the peak, then are shocked when they lose and start asking, "What should I do with my $SHIB?"
Here’s the harsh truth: it’s your responsibility. Stop looking for validation from others and start owning your decisions.
If you’re going to invest poorly, fine—but don’t come crying to those who are showing you how to do it right. So, let me break it down for you:
First step: Look for cryptocurrencies listed on Binance that no one is talking about.
Second step: Check their charts. If they’ve recently seen a huge surge (+300% for example), forget about that crypto. If not, consider investing a reasonable portion of your portfolio (no more than 10%).
Third step: Place sell orders when that cryptocurrency reaches a 200% increase. For example, if you buy at $1, set your sell order for $3.
Now comes the most important part—wait. It’s that simple. You do nothing and wait for the gains. But here’s the kicker: many of you won’t do it because you’re chasing quick profits, and believe me, you’ll end up losing.
Follow these tips, and your chances of success will skyrocket—as long as you know how to be patient.