#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/


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Read this in full 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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