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Have the reasons behind the recent market decline been discovered?The cryptocurrency-friendly bank, Silvergate's stock price closed at $5.72, a staggering drop of 57.72% in a single day, losing around 97.61% from its all-time high near $240 (December 31, 2021). Previously, Silvergate's clients including Coinbase, Tether, Circle, Paxos, Crypto.com, Bitstamp, Cboe Digital Markets, LedgerX, Galaxy, and Gemini have announced the suspension of their cooperation with the bank. Circle has also announced the partial termination of their services with Silvergate. Additionally, MicroStrategy has clarified their relationship with Silvergate.

Have the reasons behind the recent market decline been discovered?

The cryptocurrency-friendly bank, Silvergate's stock price closed at $5.72, a staggering drop of 57.72% in a single day, losing around 97.61% from its all-time high near $240 (December 31, 2021).

Previously, Silvergate's clients including Coinbase, Tether, Circle, Paxos, Crypto.com, Bitstamp, Cboe Digital Markets, LedgerX, Galaxy, and Gemini have announced the suspension of their cooperation with the bank. Circle has also announced the partial termination of their services with Silvergate. Additionally, MicroStrategy has clarified their relationship with Silvergate.
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Ice Network vs Pi Network: A Race to Mainnet Dominance in the Crypto Realm ❄️💎
Ice Network: Accelerating Towards Mainnet Launch 🚀💎In stark contrast to Pi Network's deliberate pace, Ice Network is making rapid strides towards its mainnet debut on October 7, 2024. This ambitious project is dedicated to delivering tangible results, demonstrating a steadfast commitment to its community. 🌐💪The impending Ice Network mainnet launch brings a host of thrilling features, including decentralized applications (dApps), smart contracts, and staking opportunities. These features are carefully crafted to empower users, fostering a sense of ownership and active engagement within the network. 🚀📈Both Pi Network and Ice Network are diligently working to establish robust foundations for their respective communities, yet their strategies and timelines diverge significantly. Pi Network adopts a cautious approach, prioritizing thorough testing and security checks before its mainnet transition, emphasizing stability in the volatile realm of cryptocurrencies. 🛡️💼On the flip side, Ice Network's swift progress towards mainnet showcases a keen eagerness to unveil the full potential of its ecosystem. By allowing users to interact with its comprehensive feature set earlier, Ice Network aims to generate excitement and active involvement among community members. 🌟🤝In the realm of open mainnets, the Ice Network vs Pi Network competition unfolds with distinct approaches and visions. While Pi Network leads the way in mobile mining with a careful transition strategy, Ice Network is gearing up for a grand entrance with its imminent mainnet launch. 📱🔜The competition between these two projects, each carrying unique strengths and philosophies, promises captivating developments in the crypto space. As users anticipate Pi Network's full transition to the mainnet and Ice Network's imminent mainnet release, the unfolding future of these open mainnets is undeniably a thrilling spectacle to watch. 🎉👀Don't miss out on the excitement! Join Ice Network with my referral code: 🌐 [alertx]. For Pi Network, use the code: 💰 [dhananjay8010]. #IceNetwork #PiNetwork #MainnetLaunch 🚀💎
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💣💥Breaking News: Polygon zkEVM Revamped with Dragon Fruit Upgrade!
Polygon zkEVM Completes Significant Upgrade: Here are the HighlightsPolygon zkEVM, a scaling solution built to work seamlessly with the Ethereum Virtual Machine, recently concluded its highly anticipated major upgrade. Dubbed the Dragon Fruit upgrade, or ForkID5, this marks a significant milestone for Polygon zkEVM since its launch in mainnet beta earlier this year. The upgrade was successfully implemented on September 20th, 7:30 a.m. UTC.In an encouraging tweet, Polygon confirmed the successful completion of the Dragon Fruit Upgrade, which encompasses a wide array of network improvements. These enhancements include the integration of the latest Ethereum opcode, PUSH0. Additionally, the upgrade introduces two new features: PUSH0, the latest EVM opcode from the Shanghai hard fork, and RLP parsing, a fix for a noncritical bug related to transaction parsing.With the inclusion of the PUSH0 opcode, Polygon joins the list of EVM networks supporting this functionality, further aligning with the Ethereum blockchain. This upgrade ensures that Polygon zkEVM Mainnet Beta remains on par with the latest version of Solidity, maintaining its compatibility and equivalence with the EVM.In recent developments, the Polygon network achieved another significant milestone with the initiation of Polygon 2.0 implementation. Three Polygon Improvement Proposals (PIPs) were released, outlining upcoming changes scheduled for early Q4. PIP-18 specifically focuses on Phase 0 of Polygon 2.0, which includes the transition from MATIC to POL as the native gas and staking token for Polygon PoS. Additionally, the staking layer will be launched, followed by subsequent migration.In an interesting development, there is a possibility of an interface between Polygon and Uniswap. A vote is currently underway proposing a "friendly fork" between Uniswap DAO and the Zero Protocol on Polygon zkEVM. Stay tuned for further updates on this exciting collaboration.#crypto2023 $MATIC
The US Supreme Court sided with Coinbase in a ruling that lawsuits filed in federal court must be put on hold while a defendant presses an appeal that would send the case to arbitration. The ruling has nothing to do with the SEC lawsuit, but a class action lawsuit by users. #bitcoin #BNB #ETH
The US Supreme Court sided with Coinbase in a ruling that lawsuits filed in federal court must be put on hold while a defendant presses an appeal that would send the case to arbitration. The ruling has nothing to do with the SEC lawsuit, but a class action lawsuit by users.

#bitcoin #BNB #ETH
Volatility Shares’ 2x Bitcoin Strategy ETF (BITX) will become the first leveraged crypto ETF available in the United States after the U.S. SEC let it go effective on Friday, an executive at the company told CoinDesk. #bitcoin #btc #bnb #ETH
Volatility Shares’ 2x Bitcoin Strategy ETF (BITX) will become the first leveraged crypto ETF available in the United States after the U.S. SEC let it go effective on Friday, an executive at the company told CoinDesk.

#bitcoin #btc #bnb #ETH
Despite countless lawsuits and an SEC war against crypto, #Bitcoin just crossed $31,000. Meanwhile, the Regional Bank Index, $KRE, is down 11% over the last 2 weeks. Treasury Secretary Yellen just said that more bank consolidation is likely. Do markets know something we don’t?
Despite countless lawsuits and an SEC war against crypto, #Bitcoin just crossed $31,000.

Meanwhile, the Regional Bank Index, $KRE, is down 11% over the last 2 weeks.

Treasury Secretary Yellen just said that more bank consolidation is likely.

Do markets know something we don’t?
JUST IN: The SEC has allowed for the launch of the first leveraged #Bitcoin futures ETF in the United States Spot ETF soon?
JUST IN:

The SEC has allowed for the launch of the first leveraged #Bitcoin

futures ETF in the United States Spot ETF soon?
#Binance Trading is so much more than just waking up and trading every day... It's building strategies, working on weaknesses, learning from losses, following rules, journaling regularly, and intentionally improving every day. It's no wonder most people fail in learning this.
#Binance

Trading is so much more than just waking up and trading every day... It's building strategies, working on weaknesses, learning from losses, following rules, journaling regularly, and intentionally improving every day. It's no wonder most people fail in learning this.
Top stories today: 1. XRP is up today, Ripple case could be positive for token 2. Vitalik dumps $700K worth of shitcoins that he never asked for 3. Coinbase Director Finds Link Between Shiba Inu ($SHIB) Creator and Alameda Research #XRP #coinbase #SHIB #ETH
Top stories today:

1. XRP is up today, Ripple case could be positive for token

2. Vitalik dumps $700K worth of shitcoins that he never asked for

3. Coinbase Director Finds Link Between Shiba Inu ($SHIB) Creator and Alameda Research

#XRP #coinbase #SHIB #ETH
🚨BREAKING: Indian Govt 🇮🇳 has officially announced that all Crypto businesses would come under PMLA Act 2022. Now onwards Crypto Transactions will be reported, monitored, and screened, a great step for clarity on Crypto Regulations.  #cryptoindia  #bicasso  #buildtogether
🚨BREAKING:

Indian Govt 🇮🇳 has officially announced that all Crypto businesses would come under PMLA Act 2022. Now onwards Crypto Transactions will be reported, monitored, and screened, a great step for clarity on Crypto Regulations. 

#cryptoindia

 #bicasso

 #buildtogether
Mt. Gox creditors may receive repayments from March 10 onward. 137,890 $BTC($3B) unlock is coming soon! Mt. Gox suspended withdrawals on Feb 7, 2014, when the price of $BTC was ~$800. And the current price of $BTC is $22,575. Will creditors sell $BTC after receiving it?
Mt. Gox creditors may receive repayments from March 10 onward. 137,890 $BTC ($3B) unlock is coming soon!

Mt. Gox suspended withdrawals on Feb 7, 2014, when the price of $BTC was ~$800.

And the current price of $BTC is $22,575. Will creditors sell $BTC after receiving it?
JUST IN: 100% nuclear-powered #Bitcoin mining facility launches in Pennsylvania.
JUST IN: 100% nuclear-powered #Bitcoin mining facility launches in Pennsylvania.
Ripple to serve CBDCs for 20 central banks worldwideRipple’s senior vice president of customer success reveals that Ripple is discussing CBDCs with more than 20 central banks across the globe. Senior vice president of customer success and managing director of APAC and MENA at Ripple explained that central bank digital currencies (CBDCs) are a key focus point in Ripple., and that the company is putting in all the effort necessary to be a key solution provider for Central banks looking to create their own CBDCs. Additionally, during the week, Ripple confirmed it’s expanding its payment solution into Australia through its major partner Trianglo.

Ripple to serve CBDCs for 20 central banks worldwide

Ripple’s senior vice president of customer success reveals that Ripple is discussing CBDCs with more than 20 central banks across the globe.

Senior vice president of customer success and managing director of APAC and MENA at Ripple explained that central bank digital currencies (CBDCs) are a key focus point in Ripple., and that the company is putting in all the effort necessary to be a key solution provider for Central banks looking to create their own CBDCs.

Additionally, during the week, Ripple confirmed it’s expanding its payment solution into Australia through its major partner Trianglo.
#polygon #matic Polygon Labs is proud to team up with @MCSocialVenture, the impact investing arm of @mercycorps, to pilot real-world use cases by providing #Web3 tools, resources, and solutions to emerging markets, to empower underserved communities.
#polygon #matic

Polygon Labs is proud to team up with @MCSocialVenture, the impact investing arm of @mercycorps, to pilot real-world use cases by providing #Web3 tools, resources, and solutions to emerging markets, to empower underserved communities.
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