SUNWAY GROUP APS DAILY NEWS UPDATE

📣 Crypto-Focused Bank Silvergate Slashes 40% Workforce, Abandons Several Projects CEO Alan Lane said that Silvergate currently maintains a cash position in excess of its digital asset-related deposits.Crypto-focused bank – Silvergate Capital – has become the latest to slash 40% of its workforce, which is around 200 employees, according to a Wall Street Journal report on Thursday. The news comes as the bank experienced massive customer withdrawals. In a statement. In an early release of a part of Silvergate’s fourth quarterly results, the bank said that crypto-related deposits fell by a major 68% from $11.9 billion to $3.8 billion. By the end of 2022, $150 million of Silvergae’s deposits were held by customers who had filed for bankruptcy protection. In the process, the company lost $718 million, which far exceeded its total profits since 2013. Source https://t.me/CryptoNewsSource

🪙 Stakewise Review: Unlocks The Earnings Potential Of ETH2 And Boosting The Staking APR StakeWise is a liquidity staking protocol that currently supports Ethereum and Gnosis. The protocol is run by the StakeWise DAO, whose main service is Ethereum liquidity staking. Users are already being rewarded for staking Ethereum 2.0 and putting their ETH into the staking contract. Unfortunately, managing Ethereum staking independently requires quite a bit of technical knowledge, and most users don’t want to deal with node outages and the potential penalties that come with them. Additionally, by explicitly removing the user’s ability to use the staked ETH during the current DeFi bull run, ETH is locked up within the ETH2 staking contract. These systems solve many of the aforementioned issues. StakeWise will be the subject of this evaluation. Source https://t.me/CryptoNewsSource

📣 Indian web3 gaming studio Kratos raises seed round at $150M valuation, acquires IndiGG Kratos Studios, a web3 gaming startup based in India, reached a valuation of $150 million in a seed funding round of $20 million. Accel led the round, and other investors included Prosus Ventures, Courtside Ventures, Nexus Venture Partners and Nazara Technologies, Kratos said Thursday. "The new token will be launched in 12 months," Kratos co-founder Manish Agarwal told The Block in an interview. "The current INDI token holders will be swapped for the dollar value they initially invested so that they don't have to mark down their investment," he said. Agarwal is the former CEO of Nazara, India's first publicly listed gaming company. Kratos launched the IndiGG app earlier this week and it aims to increase the number of participants on both sides with more games and more gamers, Gupta said. Source https://t.me/CryptoNewsSource

Sam Bankman-Fried: FTX Has $1 Billion to Spend on Acquisitions Sam Bankman-Fried, the CEO of crypto derivatives exchange FTX, said in an interview with CNBC’s Squawk Box that the exchange has at least $1 billion to deploy on acquisitions and bailouts. Although he wouldn’t commit to a specific figure, Bankman-Fried said that, “You get to definitional issues here, of how much should we really feel comfortable deploying. The exchange has been a key player in acquiring crypto projects that were at risk of going under during the market downturn. Making the decision to pull the trigger on bailouts and acquisitions was no easy matter, Bankman-Fried said. “We only had a few days to make some of these decisions,” adding that the key factors were “backstopping customers and making sure they’re protected,” as well as “stopping contagion from spreading through the ecosystem.” Source https://t.me/CryptoNewsSource

SBF Surprised by FCA’s Warning Against FTX, Says They’ve Been in Talks Despite not agreeing with the FCA’s warning, Sam Bankman-Fried vowed to abide by the regulator’s requirements and settle the issues. Sam Bankman-Fried – Co-Founder and CEO of FTX – said the tension between his company and the top financial watchdog in the UK – the FCA – was unexpected. In his words, the two sides have been discussing regulatory requirements “for a while.” Earlier this week, the British agency insisted that FTX does not have the necessary license to offer its crypto products and services in the country. In an interview for The Financial Times, Sam Bankman-Fried revealed that FTX and the UK FCA have been “in a discussion about licensing for a while.” As such, he was surprised that the watchdog alerted British consumers that the exchange lacks the authorization to operate in the Kingdom. He further explained that the agency might have wanted to warn people about scams. Source https://t.me/CryptoNewsSource

MicroStrategy Looking to Hire Bitcoin Lightning Software Engineer Lightning Network may have stagnated as part of the broader market downturn, but Microstrategy is betting big on it. Prominent business intelligence and software company MicroStrategy is looking to hire a software engineer to develop a Lightning Network-based SaaS platform. This comes shortly after the firm’s former CEO – Michael Saylor – stepped down. According to its job listing, the company has advertised for a position that seeks an experienced software developer for a new platform that will be developed to offer enterprises “innovative solutions to cyber-security challenges and enabling new e-commerce use cases.”. The recruit will be tasked with building software solutions utilizing Bitcoin Blockchain and Lightning Network or other decentralized finance technologies. Contribution to Bitcoin Core, lnd, and other crypto and large open source projects are also some of the other focus areas. Source https://t.me/CryptoNewsSource

💰 Huobi allegedly transfers 74M tokens to Justin Sun, HT up 7.7% Tron founder Justin Sun has reportedly received 74 million HT tokens from Huobi’s official wallets. On Oct. 14, Sun told Bloomberg News that he owns “tens of millions of Huobi tokens. He confirmed to be one of the biggest holders of the HT tokens. Shortly after the Bloomberg report, WuBlockchain revealed that Huobi’s official wallets transferred 74 million to wallets linked to the Tron founder. On Oct. 13, Justin Sun’s Poloniex exchange interacted with two of Huobi’s wallets that transferred 32 million and 42 million HT tokens to two new addresses. WuBlockchain alleged that the transferred tokens may be linked to Huobi’s acquisition deal, which Justin Sun allegedly facilitated. Source https://t.me/CryptoNewsSource

🇸🇬 Asia’s Leading Web3 Conference TOKEN2049 Will Return To Singapore In September 2023 TOKEN2049 will return to Singapore in September 2023 and will welcome over 7000 attendees. After an impressive launch in Singapore in September 2022 and concluding, the conference has achieved resounding success. Asia’s leading large-scale Web3 event Token2049 will return in September 2023. According to the announcement, the conference will occur on 13-14 September 2023 at Marina Bay Sands, coinciding with the Formula 1 Singapore Grand Prix race weekend. This is the flagship event of Asia Crypto Week that will see an expanded program of over 100 side events and networking opportunities taking place from September 11-17 across the city.TOKEN2049 is expected to welcome over 7,000 attendees, including industry leaders, traders, and innovators. Source https://t.me/CryptoNewsSource

🪙 Dogecoin Becomes The Most Traded Crypto By Whales Following Elon Musk’s New Post Dogecoin, commonly known as DOGE, became the most traded token among the top 100 Binance Coin (BNB) holders, according to WhaleStats. To reach this milestone, DOGE passed Filecoin’s FIL token, which has recently gained a lot of attention from these investors. After eccentric billionaire and new Twitter CEO Elon Musk sent Christmas greetings accompanied by images of his puppies, DOGE trading volumes increased. Although it doesn’t appear to be anything unique, one of them, a Shiba Inu, bears the Dogecoin emblem. Musk’s subsequent mention of DOGE did not significantly affect the token price, but trading volumes. Source https://t.me/CryptoNewsSource

$TIME is the most oversold coin. Located in the accumulation zone 53-57. Could pump hard 🚀🚀 I am buying some. A few key points about the project: 1. Founded in 2016, Chrono.tech operates the biggest crypto freelance platfrom - LaborX. Seems like there're some special perks for TIME holders. 2. Token is already listed on tier-1 exchanges, including Coinbase and Kucoin. 3. In the near future the TIME token will be listed on two top exchanges. 4. TIME-30D Fixed Promotion on KuCoin, APR of 72%! WOW😳 The price stabilized at around 53-57, looks good for a medium term holding. P.S: Not financial advice. DYOR🚀