Business News

Silvergate Bank Eyes Crypto-Backed Loans for Institutions

Silvergate Bank, one of the cryptocurrency industry’s few go-to financial service providers, is planning to become a crypto lender. According to an updated IPO filing, Silvergate, which serves some of the cryptocurrency world’s top firms like Coinbase, Bitstamp, Genesis Trading, Blocktower Capital, Polychain Capital and Xapo, has seen increased demand from the industry and is aiming to...
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Nvidia Posts Strong Earnings for the Second Quarter of Fiscal 2020

Beating the street estimates, Nvidia has posted 16% rise in its earning for Q2 fiscal 2020 in comparison to the previous quarter. California-based chip manufacturing giant Nvidia released its second-quarter results for fiscal 2020 on Thursday, August 15. Compared to the Q1, Nvidia has posted a 16% rise in its overall revenue which stands at...
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Bitcoin is the ‘Elephant-Sized’ Investment Warren Buffett Should Make

You could say Warren Buffett is loaded for bear. The “Oracle of Omaha” says he’d like to make permanent investments in U.S. companies with decent long term prospects, but not while the U.S. stock market is so overpriced. Maybe he should buy Bitcoin instead. Buffett Pines for ‘Elephant-Sized’ Acquisition In his 2019 annual letter to...
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