Month: März 2023

• CryptoUnity is a Slovenian start-up that is building a beginner-focused crypto exchange to make the world of cryptocurrency more accessible and less intimidating to beginners.
• The exchange has implemented the cold wallet with an NFC card, providing its users with a secure way of storing funds. It also passed audits by QuilAudits and CertiK.
• CUT is the utility token that powers the CryptoUnity ecosystem and provides holders with many different benefits and utility cases on the platform.

CryptoUnity Exchange

CryptoUnity is a Slovenian start-up that seeks to make it easier for beginners in the cryptocurrency ecosystem to navigate their way around it. To this end, they have developed an easy to use platform that features comprehensive research and educational resources, as well as a secure cold wallet with an NFC card for users to store their funds.

CUT Token

The CUT token is the utility token that powers the CryptoUnity ecosystem and provides holders with many different benefits such as lower fees, holder rewards, access to further education, advantages on giveaways, and more. With a total supply of one billion tokens, CUT serves as an integral part of CryptoUnity’s services.

Regulatory Compliance

In terms of security, CryptoUnity has taken all necessary measures to ensure compliance with all regulations in order to provide its users with a safe trading experience. The project has passed audits by QuilAudits and CertiK – receiving the latter’s KYC Gold badge – demonstrating its high level of transparency and accountability when it comes to crypto operations.

Target Audience

CryptoUnity was created specifically for beginners in mind; those who are just getting started in the crypto world or are looking for an alternative platform where they can trade cryptocurrencies safely and securely without worrying about fees or complicated navigation processes. The user-friendly interface makes it easy for anyone no matter their experience level to understand what’s going on in the market at any given time.

Conclusion

In conclusion, CryptoUnity stands out from other exchanges due its focus on user safety and accessibility – especially for beginners – making sure your funds are stored securely while also providing educational resources so you can learn more about cryptocurrencies. With its comprehensive regulatory compliance procedures in place, you can be sure you’re trading safely when using this exchange platform

• Ark Invest purchased $20.5 million worth of Coinbase shares on Thursday.
• Cathie Wood’s investment firm has remained bullish on the stock despite the 7% drop since March.
• In February, Ark Invest purchased $30 million worth of Coinbase shares.

Ark Invest Adds $20.5M in Coinbase Shares

Ark Invest, led by Cathie Wood, has added 301,347 Coinbase shares to its funds on Thursday for a total value of $20.5 million. This comes shortly after purchasing more Coinbase shares in February for a total value of $30 million. Despite the 7% dip in share prices since March 10th, Wood’s fund remains bullish on the crypto exchange giant.

Silicon Valley Bank Selling Assets Affects Market Sentiment

The shockwaves caused by Silicon Valley Bank selling assets and stocks to raise funds have created a risk of prolonged interest rate increases in the US which has added to bearish market sentiment this week. Additionally, crypto-friendly bank Silvergate collapsing and other regulatory issues have also had an effect on investor confidence surrounding cryptocurrency exchanges including Coinbase Global Inc (NASDAQ:COIN).

US Government Moves BTC Worth $217 Million To Coinbase

Despite these concerns surrounding the crypto exchange sector, there are still some developments that could be seen as positive news for investors such as the US government reportedly moving BTC worth over $217 million to Coinbase recently. This could be interpreted as a vote of confidence from authorities regarding the security measures in place at this digital asset platform.

Robinhood Shares Added to Ark Next Generation Internet ETF
As well as adding more Coinbase shares to its Ark Innovation ETF and Ark Next Generation Internet ETFs on Thursday, Ark Invest also added 265,000 Robinhood shares (worth about $2.5 million) solely for its Ark Next Generation Internet fund.

Conclusion

Overall it appears that despite recent market volatility and regulatory issues concerning cryptocurrency exchanges such as Coinbase, Cathie Woods‘ Ark Invest firm is continuing to show confidence in them through continued purchases of their stocks and other related companies such as Robinhood with combined values totaling over $23 million this week alone!

• Silvergate Capital Corp (NYSE: SI) stock was cut nearly in half this morning after it delayed the submission of its annual 10-K report due to liquidity challenges.
• JPMorgan analyst Steven Alexopoulos downgraded the financial services company to „underweight“ citing continued liquidity challenges.
• Canaccord Genuity also downgraded Silvergate stock and trimmed their price target o $9.0 a share. Coinbase also announced today that it had stopped payments to or from the crypto bank.

Silvergate Stock Crashes 50%

Silvergate Capital Corp (NYSE: SI) stock was cut nearly in half this morning after it delayed the submission of its annual 10-K report due to liquidity challenges. The crypto bank is facing an existential crisis following the FTX fiasco in early November, which has forced them to reevaluate their businesses and strategies in light of current business and regulatory difficulties.

JPMorgan Downgrades Silvergate Stock

JPMorgan analyst Steven Alexopoulos downgraded the financial services company to „underweight“ citing continued liquidity challenges, with short-sellers contributing to a bank-run of sorts with Silvergate reporting a much greater level of deposit outflows than anticipated in Q4 and this likely continuing. In its latest reported quarter, Silvergate Capital had $1.0 billion of loss.

Canaccord Genuity Trims Price Target

Canaccord Genuity also downgraded Silvergate stock on Thursday and trimmed their price target o $9.0 a share. Coinbase also announced today that it had stopped payments to or from the crypto bank.

Existential Crisis for Crypto Bank

Silvergate Capital is now down 65% versus its year-to-date high as they face an existential crisis following the FTX fiasco in early November, which has forced them to reevaluate their businesses and strategies in light of current business and regulatory difficulties.

Conclusion

In conclusion, Silvergate Capital’s stock crashed 50% on Thursday after delaying submission of its annual 10-K report due to liquidity issues, while JPMorgan and Canaccord Genuity both downgraded their ratings for the company with lowered price targets set at $9/share each respectively; these events signal an existential crisis for the crypto bank as they try to navigate through difficult times ahead