DD
MM
YYYY

PAGES

DD
MM
YYYY

spot_img

PAGES

Home Blog Page 4262

Silicon Valley Bank Chief Risk Officer Resigns Months After Joining The Bank

0

Recent reports reveal that Silicon Valley Bank’s (SVB) new Chief Security Officer CRO Kim Olson has resigned months after joining the bank.

Sources familiar with the news disclosed that Kim who joined SVB in January 2023 alongside the chief audit executive and one other executive are leaving the bank.

The departure comes just two weeks after about $72 billion in assets from the failed Bank was bought by First Citizens Bank. The recent departure is on top of a string of executive exits, including former CEO Greg Becker and CFO Daniel Beck who left the collapsed bank when it was taken over by regulators.

Kim Olson was appointed as Silicon Valley Bank Chief Risk Officer (CRO) in January this year, after taking over from Laura Izurieta who stepped down from her role as CRO of SVB financial group in April 2022. Laura Izurieta walked away with over $7.1 million last year after she oversaw a bond-buying spree that left it vulnerable to a frenzied bank run that led to the collapse. She however managed to exit the bank unscathed before it collapsed.

In a Securities and Exchange Commission (SEC) filing, Silicon Valley Bank stated that it approached Izurieta about terminating her job early last year after she sold $4,176,354 of her stock in the company on December 6, 2021. SVB is yet to comment on Olson’s departure, as employees at the newly combined institution do not yet know who the new Chief Risk Officer will be. There are claims that a potential successor is First Citizens’ CRO Lorie Rupp who has been in the role since 2017.

It is interesting to note that before Kim was appointed as CRO, Silicon Valley Bank was without a Chief Risk officer for eight months, a role required by federal regulations, which got people perplexed at how the bank managed risks in the interim period between the departure of one CRO and appointment of another, while it faced a difficult transition in the Venture Capital market the industry the bank services closely.

Analysts at Wall Street Journal (WSJ) stated that any strong Chief Risk Officer should have prevented Silicon Valley Bank from collapsing. It is however interesting to note that talent moves are sure to continue as a natural part of SVB’s transition to new ownership after HSBC Holdings plc’s U.S. unit hired dozens of Silicon Valley Bank bankers led by David Sabow, who most recently led the technology and healthcare banking segment for the California-based bank that collapsed last month.

HSBC USA said in a statement that the hiring will help the bank establish a dedicated banking practice focused on serving companies in technology and healthcare, as well as investors who support them. HSBC has initially assembled a team of more than 40 bankers in the San Francisco Bay Area, Boston, and New York City as part of this initiative.

Price Prediciton: NEAR Protocol (NEAR), Uwerx (WERX), Or Cosmos (ATOM) – Which Will Climb The Charts Soon?

0

Nearly all coins were affected by a severe bear market which turned the crypto sector upside down. Some coins were sent to the moon, while others were in the red zone and some disappeared into a black hole. If you are looking for a crypto to add to your investment portfolio in 2023, this market can make that task difficult. Today we hope to alleviate some of those challenges as we dive deep into what the future holds for NEAR Protocol (NEAR), Uwerx, and Cosmos Hub (ATOM).

Will NEAR Protocol (NEAR) Maintain Its Gains?

NEAR Protocol (NEAR) is a scalable blockchain that seeks to help the widespread acceptance of decentralized applications. People can use the NEAR Protocol (NEAR) token to pay for storage on the network and cover operational costs.

The NEAR Protocol (NEAR) team recently published its plans for future improvements to the platform. These improvements will include zero-balance accounts and meta-transactions. After this announcement, the NEAR Protocol (NEAR) token saw a jump of 18%. But, analysts predict that this rally may be short-lived as its price has dropped by 4% in the past 24 hours. At this point, investing in NEAR Protocol (NEAR) is not a wise idea as the surrounding sentiment is bearish.

Uwerx (WERX) To Combine Freelance With Blockchain

Uwerx aims to improve the growing freelance industry by creating the first-ever blockchain-built freelance platform. But what does that mean for freelancers and service purchasers?

First, by eliminating the mediator, Uwerx will bridge the gap between freelancers and businesses. Additionally, Uwerx can offer improved transaction records and extra security due to blockchain capabilities. And most importantly, neither party would have to bear additional service costs. The fees that Uwerx requires are 1% in comparison to the 20% that Fiverr charges. Even with Upwork’s recent decision to reduce fees to 10%, Uwerx still manages to leverage itself as the best possible alternative to the aforementioned platforms. It is interesting to note, that despite the reduction in fees, Upwork is introducing a new fee for each new contract that is created.

The presale is very young, but it has been receiving unprecedented levels of investor interest and confidence. Given everything it brings to the table, many investors buy in early, hoping to yield gains. One WERX coin costs only $0.005, but forecasts show that a $2.80 price will be reached by August 2023.

Certainty is high amongst analysts as liquidity will be locked upon launch and for 25 years after presale ends. We see this happening as Uwerx positions itself as one of the best investment options this year, so buy in now and take part in this InterFi Network and Solidproof approved (potentially blue-chip) coin!

Cosmos Hub (ATOM) Could See Some Positives

Cosmos Hub (ATOM) network is a Proof-of-Stake system of blockchains that may communicate amongst themselves. In addition to being utilized as electronic currency for money transfers, the Cosmos (ATOM) coin is employed to protect the platform and encourage network usage.

Cosmos Hub (ATOM) coin is trading at $9.94, perhaps testing the waters of $15. It could achieve a $12.80 level if it manages to break through. We must remember that Cosmos Hub (ATOM) is currently down nearly 30% in the last three months and that its peak of $42 may take some time to reach. The sentiment around Cosmos Hub (ATOM) is bullish, but if a price rally is to occur, analysts are predicting it won’t be noteworthy.

Instead, analysts would encourage potential investors to invest in Uwerx, a project with high potential for gains and poses tangible real world benefits. See the links below for more information:

 

Website: www.uwerx.network

Presale: invest.uwerx.network

Telegram: https://t.me/uwerx_network

Twitter: https://twitter.com/uwerx_network

Price Prediction: Uniswap (UNI) and Cosmos Hub (ATOM) Face Long Road to Recovery; Uwerx (WERX) Revolutionizes Freelance Market

0

The inherent volatility of the crypto industry can make it difficult to distinguish which projects will rise or fall in price over time. Cosmos Hub (ATOM) and Uniswap (UNI), for instance, have taken a dive in 2022 and have since both seen wild fluctuations due to the bear market.

Meanwhile, some crypto projects – especially solid projects in their presale phase – still offer great opportunities to make a profit in 2023. Uwerx is one of them. Let’s see why Uwerx might very well be a better buy in 2023 than Uniswap (UNI) and Cosmos Hub (ATOM).

Uwerx (WERX) Turns Heads with Presale Launch Event of the Year

It’s rare to find crypto projects in the presale phase that tick all the boxes of a strong, successful project to invest in over the long run much like Uniswap (UNI) and Cosmos Hub (ATOM) once did. But lo and behold, here’s one: Uwerx.

Ever since the peak of the COVID-19 pandemic spurred the rise of the gig and freelance economy, tens of millions of individuals have gotten into freelancing through platforms like Upwork and Fiverr. However, high platform fees, lack of transparency, and centralization make them hard to use. Uwerx is creating a Web3-enabled freelance marketplace built on the Polygon ecosystem. Uwerx will tap into the gig economy by creating a platform with a focus on transparency, greater IP protection, lower transaction fees, and new ways for users to earn money.

Uwerx is currently priced at $0.005, a great price point to enter a protocol that’s just about to skyrocket. Crypto analysts expect Uwerx token prices to rise to $2 or $3 by September 2023. The ownership of contracts of will also be renounced when the project is ready to be listed on centralized exchanges.

Cosmos Hub (ATOM) Surviving Major Stress Tests

Cosmos Hub (ATOM) is solving the problem of interoperability in the blockchain sector. Cosmos (ATOM) seeks to create an interoperable “internet of blockchains” using its inter-blockchain message forwarding and communication protocols.

Like most cryptocurrencies in 2022, Cosmos Hub (ATOM) has seen its fair share of price fluctuations. Cosmos Hub (ATOM) survived its first real test after the collapse of Terra Luna. But it will take time for Cosmos Hub (ATOM) prices to stabilize. Take heed.

Is Uniswap (UNI) Still Good Value for Money?

Uniswap (UNI) is a prominent-decentralized exchange and automated market maker used extensively in decentralized finance (DeFi) applications. Uniswap (UNI) has performed extremely well despite the bearish market headwinds, and remains a good bet to regain some of its lost value in 2023. Uniswap (UNI) is, after all, the largest DEX and among the DeFi protocols with the highest total value locked.

Uniswap (UNI) continues to be a strong contender in many lists because of the regular network upgrades the Uniswap (UNI) team implements. Moreover, Uniswap (UNI) offers holders the utility of staking their Uniswap (UNI) tokens in a variety of liquidity pools for yield.

Whilst Cosmos Hub (ATOM) and Uniswap (UNI) do present themselves as potentially viable long term investments, we do believe that investors should take a good look at Uwerx- it could be the presale of 2023. Follow the links below to find out more about what we think could be the most exciting presale of 2023.

 

Website: www.uwerx.network

Presale: invest.uwerx.network

Telegram: https://t.me/uwerx_network

Twitter: https://twitter.com/uwerx_network

Big Eyes Coin Presale Nears Completion: Can It Compete with Dogecoin and Shiba Inu?

0

Big Eyes Coin (BIG), a cryptocurrency based on cat-themed memes, has revealed the end date for its presale, which is fast approaching on June 3rd. This announcement has created a sense of competition for the popular meme coins Dogecoin and Shiba Inu.

Big Eyes Coin Presale Comes to a Close on June 3rd, 2023!

Big Eyes Coin (BIG) is a meme-inspired cryptocurrency that has gained a lot of attention lately. As the presale for BIG nears its end, the crypto community is eagerly anticipating the official launch date. So far, BIG has raised over $33 million in its presale, and NFT Loot Box trading cards have already been released for collection, minting, and trading on OpenSea.

To celebrate the conclusion of the presale, the BIG team is offering a special bonus. Every purchase made during the presale phase comes with a 250% bonus using the code BULLRUN250. This unique opportunity has caused excitement among crypto enthusiasts and investors alike.

What’s Next for Big Eyes Coin: A Look into the Future of this Memecoin

Big Eyes Coin (BIG) offers a clear growth potential through its ROI calculator on the website, making it an attractive investment opportunity for both token holders and potential investors. By investing in BIG before the presale ends on June 3rd, investors can benefit from the two-year liquidity pool and increase their ROI over time. With the current price of $0.00049 and the launch price of $0.0006, investing in BIG during the presale could yield significant returns, especially with the team planning to obtain a tier-1 CEX listing.

Many in the crypto community believe that BIG has enormous potential and could become the next big thing in the meme coin market, with some analysts predicting that it could even reach $1. The value of BIG is rapidly increasing every day, and it won’t be long before this kitty coin reaches new heights.

Although the official launch date for BIG is yet to be announced, the team behind the cryptocurrency promises big things for this unique project. Therefore, investing in BIG before the presale ends is a smart decision that could reap many benefits in the future.

In conclusion, BIG offers a promising investment opportunity for crypto enthusiasts and investors. With its growth potential, strong community, and plans for a tier-1 CEX listing, it’s no wonder that many are jumping on the BIG bandwagon. So don’t miss out on the chance to invest in this meme-inspired cryptocurrency before the presale ends and be part of the BIG success story.

Dogecoin vs Shiba Inu: A Comparison of Two Popular Meme Coins

While Dogecoin started as a parody of Bitcoin, it has grown into a legitimate cryptocurrency with a dedicated following. However, the emergence of Big Eyes Coin has led some to question whether Dogecoin’s reign as the top meme coin is coming to an end. Despite endorsements from high-profile figures like Elon Musk, Dogecoin’s value has fallen to $0.09, down 10% from its peak of $0.103 after Musk changed his Twitter icon to a Doge.

Shiba Inu, marketed as the “Dogecoin Killer,” has created a diverse ecosystem with network governance and ShibaSwap, maintaining a loyal following. However, with the rise of Big Eyes Coin and the current dominance of Dogecoin, there is a chance that Shiba Inu could be pushed to the sidelines.

The future of these meme coins is uncertain, and only time will tell whether Big Eyes Coin will come out on top, or Dogecoin and Shiba Inu will continue to reign supreme. As investors, it is important to keep a watchful eye on these meme coins and make informed decisions to make the most of their investments.

Find out more about Big Eyes Coin (BIG):

Presale: https://buy.bigeyes.space/

Website: https://bigeyes.space/

Telegram: https://t.me/BIGEYESOFFICIAL

New Cryptocurrency, Big Eyes Coin, Set To Enter Market: Can It Stand Out Among Competitors Like Dogecoin And Floki Inu?

0

Big Eyes Coin’s (BIG) presale is set to conclude on June 3rd, and investors are eagerly waiting for the official launch date of this new cryptocurrency. The question on everyone’s mind is how it will stack up against other meme coins that have gained legendary status in the market. Meme coins are digital currencies that originated from internet memes and jokes. Despite being created as a joke, some of these coins have real-world applications. These amusing versions of tokens have gained immense popularity and provide a lighthearted and humorous take on blockchain technology. They offer a refreshing perspective for those who find the blockchain world too complex or uninteresting.

Dogecoin: The Original Meme Coin That Paved the Way for Cryptocurrency Memes

Dogecoin is perhaps the most famous meme coin to date. Billy Markus and Jackson Palmer created it in 2013 as a playful jab at Bitcoin, but its endearing Shiba Inu mascot helped it gain popularity. It even received endorsements from the unconventional billionaire, Elon Musk, whose tweets have caused Dogecoin’s value to soar. Recently, Musk replaced Twitter’s blue bird logo with the Doge meme, leading to a remarkable 25% increase in the coin’s value within a day.

Floki Inu: Elon Musk’s Newest Interest in the World of Cryptocurrency

Floki Inu is a meme coin that has gained significant popularity, largely due to the support of Elon Musk on social media. Musk’s tweets about his new Shiba Inu puppy named Floki brought widespread attention to the coin. Floki Inu offers an NFT gaming metaverse called Valhalla, an education platform named the University of Floki, and an NFT marketplace called FlokiPlaces. Recently, the coin revealed plans to launch the FLOKI Card, which will be powered by FCFPay. The new card is expected to bring additional practicality to the Floki Inu ecosystem.

Big Eyes Coin: The Meme Token with a Feline Twist

Big Eyes Coin is a fresh addition to the world of meme coins and it stands out by featuring our beloved feline friends. In contrast to the popularity of Dogecoin and Shiba Inu, Big Eyes Coin has established a distinct identity for itself with its charming marketing strategy and its commitment to ocean conservation. BIG has already raised an impressive $32.5 million in its presale, which is set to end on June 3rd, despite not having received an official endorsement from Elon Musk.

Investors are wondering if Big Eyes Coin has the potential to become the next big thing in the world of cryptocurrency. Although it is difficult to predict the future, BIG has several positive factors in its favor. Its loot boxes are a significant draw, and investors who use the code BULLRUN250 can get a 250% bonus on their $BIG or loot box purchase. The success of its presale, combined with its unique branding and community-focused approach, has many investors feeling optimistic about the coin’s prospects.

While meme coins originated as a joke, they have evolved into a serious investment for many. Nevertheless, there are still those who view meme coins as a passing fad and not to be taken seriously. However, some investors view meme coins as a suitable starting point for individuals new to the cryptocurrency world. Even though meme coins may not be particularly useful at the moment, they still provide value through community building and education.

Find out more about Big Eyes Coin (BIG):

Presale: https://buy.bigeyes.space/

Website: https://bigeyes.space/

Telegram: https://t.me/BIGEYESOFFICIAL