#CryptoCorner #Podcast: #Cryptocurrency #Stocks in the News: (NYSE: $SI) (NasdaqCM: $BTBT) (NYSE: $MPU) (NYSE: $BKKT) (NasdaqGS: $CZR)
#CryptoCorner
#Podcast: #Cryptocurrency #Stocks in the News: (NYSE: $SI) (NasdaqCM: $BTBT)
(NYSE: $MPU) (NYSE: $BKKT) (NasdaqGS: $CZR)
Silvergate Capital Intends
to Wind Down and Liquidate Silvergate Bank, Bit Digital to form JV with Mega
Matrix, and Bakkt Announces Deal with Caesars Entertainment
Vancouver, Kelowna, Delta, BC March 9,
2023 - Investorideas.com, a leader in
crypto and blockchain investing news brings you today’s edition of the Crypto Corner podcast and commentary
on what’s driving cryptocurrency stocks and the crypto market.
Today’s
podcast is sponsored by Fintech Company AppTech Payments Corp. (NasdaqCM:APCX).
The Investor
ideas Crypto Corner was named one of 14 Best Crypto & Blockchain Podcasts
for Jun 2022: https://www.yoreoyster.com/blog/best-crypto-podcasts/
Listen to today’s
Crypto Corner Podcast:
https://www.investorideas.com/Audio/Podcasts/2023/030923-CryptoMarket.mp3
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at https://www.investorideas.com/news/2023/crypto-corner/03091SI-BTBT-MPU-BKKT-CZR.asp
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Stocks
discussed: (NYSE:SI) (NasdaqCM:BTBT) (NYSE:MPU) (NYSE:BKKT) (NasdaqGS:CZR)
Silvergate Capital
Corporation (NYSE:SI) has announced its intent to wind down operations
and voluntarily liquidate Silvergate Bank, and to discontinue the Silvergate
Exchange Network (SEN). Citing “recent industry and regulatory developments,”
the company “believes that an orderly wind down of Bank operations and a
voluntary liquidation of the Bank is the best path forward.”
An article from Cointelegraph points out that:
“Many
crypto firms, including Coinbase, Paxos, Gemini, BitStamp and Galaxy Digital,
announced in March they would cut ties to the
bank following an
investigation into Silvergate’s alleged involvement in the collapse of FTX.”
Bit Digital, Inc. (NasdaqCM:BTBT) has announced the formation of a joint venture
with Mega Matrix Corp. (NYSE:MPU) to jointly develop proof-of-stake
technology tools for digital assets. This is to be done through entering into a
shareholders' agreement with the joint venture MarsProtocol Technologies. Sam
Tabar, Chief Strategy Officer of Bit Digital, said:
"We
are excited to partner with Mega Matrix to jointly explore the digital asset
staking technology business. Our intention for this Joint Venture is to provide
world class digital asset staking technology. We are bullish on the Ethereum [ETH] network and believe our ETH staking
strategy is an ideal complement to our core bitcoin mining business."
Bakkt Holdings, Inc. (NYSE:BKKT) has announced a deal with casino-entertainment
giant Caesars Entertainment, Inc. (NasdaqGS:CZR) which will allow Caesars Rewards
members the ability to redeem their Rewards Credits through Bakkt Crypto
Rewards, pending regulatory approval. The two firms will also “continue to
explore and innovate around Bakkt’s existing suite of cryptocurrency
solutions.” Bakkt’s Chief Marketing and Sales Officer, Mark Elliot, said:
"As
today’s customers grow to be increasingly savvier online, we look forward to
offering new crypto options to millions of Caesars’ customers. We’re thrilled
to solidify our relationship with Caesars with the naming of Bakkt Theater and
the integration of Bakkt Crypto Rewards into the Caesars Rewards program."
Sam Mowers, Investorideas
For
investors following the sector Investor Ideas has a comprehensive
Bitcoin, Blockchain and Digital Currency Stocks Directory
Podcast sponsor:
AppTech Payments Corp. (NasdaqCM:APCX) is an innovative
Fintech company whose mission is to deliver a better way for businesses to
provide their customers with immersive commerce experiences. Commerse™, its
all-new, patent-backed technology platform powering seamless omni-channel
Commerce Experiences-as-a-Service (CXS), drives highly secure, scalable,
cross-border digital banking, text-to-pay, crypto payments and merchant
services altogether from a single, unified stack designed to increase
operational efficiencies and growth for businesses while providing the economic
convenience that their customers demand from today’s commerce experiences. For
more information, visit apptechcorp.com.
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