Leading IT service provider, Mindfire Solutions, specializing in offshore-based software development and QA services affirmed its ambitious target of doubling its growth in the next five years.
“As prices rise, investors on the sidelines think they need to get in,” said Campbell Harvey, a finance professor at Duke University. “Many will violate the number-one rule of investment: Understand what you are investing in. Many will also violate the number-two rule by putting their money in an undiversified bet on a single token.”
Bankrupt crypto lending platform Genesis has sued cryptocurrency exchange Gemini to recover $689 million.
The diversification strategy may include products such as education loans, loans against property, SME/micro-SME loans, and other forms of secured lending.
“Silvergate continues to focus on implementing the Bank Liquidation,” it said in a statement on Wednesday.
Following Zhao’s news, pressure on major cryptocurrencies increased, resulting in the overall crypto market cap falling below $1.4 trillion on Wednesday. However, on Thursday’s trade, the crypto market cap bounced back and surged nearly 3% to $ 1.42 trillion.
“Silvergate continues to focus on implementing the Bank Liquidation,” it said in a statement on Wednesday.
There’s a lot of churn happening in the startup ecosystem. Data sourced from market research firm PrivateCircle Research showed that as many as 3.6 lakh employees across India’s 111 unicorn startups left their jobs during the September 2022-July 2023 period.
Genesis in the lawsuit said up to 230,000 users in the two companies’ “Earn” investing program withdrew more than half of billion dollars from the crypto lending platform in the 90 days before it filed for bankruptcy in January.
Celsius declined to comment on Tuesday. The SEC did not immediately respond to a request for comment.
