Silvergate Capital, an entity focused on Bitcoin and blockchain companies and owner of Silvergate Bank, recorded losses of 948.6 million dollars (877 million euros) in 2022, compared to attributable net profit of 75.5 million dollars (70 million euros) of the previous year, affected by the crisis in…
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deposits
Americans invest in cryptocurrencies
A survey conducted by The State of Consumer Banking & Payments to 2,200 people determined the increase in the investment of Americans in cryptocurrencies as one of the preferred investment alternatives compared to traditional media.…
National executive could establish a multi-currency system
The economist Ronald Balza explained during a radio interview that the national executive should allow the Venezuelan financial system to have various products that facilitate financial intermediation.
According to Balza, the government…
Venezuelan inflation could close between 1,400 and 1,500 % by December
Venezuelan inflation has been decelerating compared to previous years. It is estimated that by the end of 2021 it will close at levels close to 1,400 or 1,500 %. This was stated by the CEO of the consulting firm Aristimuño Herrera &…
Moody’s: Additional reserves due to the pandemic reduce profitability of Latin American banks
The creation of additional reserves due to the coronavirus pandemic and macroeconomic forecasts reduced the profitability of financial entities in Latin America, according to a report prepared by the rating agency Moody's.
The text…
European banking requests about 15,000 million euros to the ECB
Most of the funds, as every week, have been requested in the twelfth round of long-term financing operations (LTRO) that the ECB announced to respond to liquidity demands from banks until June, such as part of his first response to…
Oil companies from nine countries will dispute auction in Brazil
In an auction that will be held on November 7, major oil companies in the world will enter into a bid in order to obtain exploration and exploitation rights in five areas of the Brazilian presal, one of the most coveted oil reserves where…
Brazilian crypto exchange XDEX expands its offer
The ecosystem of cryptocurrencies continues to gain ground in Brazil. One example is the recent announcement of the crypto exchange XDEX on the inclusion of the dash in its platform.
The Brazilian population is increasingly open to the…
Vctrade starts receiving bitcoin, ethereum and ripple deposits
The exchange Vctrade is also interested in adding bitcoin cash deposits (BCH). In addition, it explained that cryptocurrency withdrawals will not be available until the end of January 2019 and will be limited to a hardware wallet.
The…
Bank of America manages blockchain patent for cash management
The efforts of important banking entities to optimize the transactions of both the digital and conventional systems continue by the end of 2018. One example is the Bank of America (BoA), with the presentation this December 25th of the…
Bancamiga increases its market share in deposits through electronic channels
Bancamiga Banco Universal, Venezuelan bank, continues its growth and does so close to its customers. The bank takes into account their needs by reinforcing the elements that constitute a relationship that goes beyond the interest of the…
Zebpay shuts down exchange activities
The Indian cryptocurrency exchange platform Zebpay has suspended its activities due to the banning of the country's Reserve Bank to offer banking services to companies that operate electronic currencies.
Since last Friday September 28th…