Silvergate Suspends Preferred Stock Dividend to Preserve Capital Amid Volatility

Bullet Points:
• Silvergate Capital (SI) suspended dividend payments on its preferred stock to preserve capital.
• The suspension affects its 5.375% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A, Silvergate said Friday.
• In response, its preferred stock (SI.PRA) is down over 26% on the day at $8.43, while common shares of the La Jolla, California-based bank are down around 6% at $13.26.

Crypto-focused bank Silvergate Capital (SI) has taken a major step to preserve capital in the face of recent volatility in the digital asset industry. On Friday, the La Jolla, California-based bank announced that it had suspended dividend payments on its preferred stock, series A, which carries a 5.375% fixed rate non-cumulative perpetual preferred stock.

In response to the news, the bank’s preferred stock (SI.PRA) is down over 26% at $8.43, while common shares of the bank are down around 6% at $13.26. The decision to suspend dividends is designed to ensure that Silvergate maintains a “highly liquid balance sheet with a strong capital position” as it navigates the current economic landscape.

Silvergate’s decision is especially noteworthy given the recent downturn in the crypto industry. After peaking in late 2017, the combined market capitalization of all digital assets has fallen sharply over the past two years. This has resulted in significant losses for many investors and companies in the industry, leading to a period of increased caution and risk management.

The bank’s move is also indicative of the current state of the banking industry. Banks have traditionally been the main source of capital for businesses and individuals, and the current environment of low interest rates and increased regulation has made it difficult for banks to generate profits. As a result, many banks have taken steps to reduce risk and increase liquidity, such as suspending dividend payments.

Silvergate’s decision is a sign that the crypto industry is still maturing and that companies are taking the necessary steps to protect their balance sheets. It is also a reminder of the importance of risk management in a volatile market, and the need for companies to take a long-term view when it comes to their finances.

Luno Appoints New CTO After Co-Founder’s Departure

• Timothy Stranex, co-founder and chief technology officer of cryptocurrency exchange Luno, left the company in December 2020.
• Stranex was replaced as CTO by Simon Ince, who joined Luno in 2019 as its vice president of engineering.
• Luno, a Digital Currency Group company, has over 10 million customers worldwide and offices in multiple cities.

Cryptocurrency exchange Luno announced Thursday that Timothy Stranex, the company’s co-founder and chief technology officer (CTO), departed in December of 2020. Stranex had founded Luno in 2011 alongside Carel van Wyk, Pieter Heyns and current CEO Marcus Swanepoel.

Following Stranex’s departure, Simon Ince was appointed as the new CTO. Ince joined Luno in 2019 as its Vice President of Engineering and will now be responsible for Luno’s overall engineering strategy and technology operations.

Luno is a cryptocurrency exchange with a global presence. It is a subsidiary of Digital Currency Group (DCG), which is also the parent company of CoinDesk. Luno has over 10 million customers worldwide and offices in several cities, including London, Singapore, Cape Town, Johannesburg, Lagos and Sydney.

In a statement to CoinDesk, Luno’s CEO Marcus Swanepoel said: “Timothy was instrumental in growing Luno from the ground up and we thank him for his contribution to the company. We’re pleased to have Simon Ince as our new Chief Technology Officer and are confident that Simon’s experience and leadership will help Luno continue to build and scale our engineering teams and products.”

Stranex had been with the company for almost 10 years, and his departure marked the end of an era for Luno. He helped to shape the company into the successful and growing business it is today, and he will be missed. Ince, on the other hand, is well-suited to take on the role of CTO and is expected to bring fresh insights and ideas to the company.

It is clear that Luno has big plans for the future, and with the appointment of a new CTO they are well-positioned to continue to grow and expand their cryptocurrency exchange. As the industry continues to evolve, Luno will be able to stay at the forefront of the market.

Gemini & DCG Dispute Highlights Crypto Industry Risks

• Digital Currency Group’s (DCG) Genesis Global Trading has had a dispute with Gemini over a crypto lending product.
• DCG is reportedly looking to sell some of its venture-capital portfolio, worth around $500 million, to pay off its creditors.
• Lumida CEO and co-founder Ram Ahluwalia weighed in on the tensions between the two companies.

Trouble has been brewing between the Winklevoss twins‘ crypto exchange Gemini and Digital Currency Group’s (DCG) Genesis Global Trading, partner on a crypto lending product pitched to smaller investors. On Thursday, the Financial Times reported that the tension between the two companies had escalated, as Gemini terminated a key aspect of their relationship.

The issue at hand is that Genesis reportedly owes its creditors over $3 billion, prompting its parent company, DCG, to look at selling some of its venture-capital portfolio, worth around $500 million. Lumida CEO and co-founder Ram Ahluwalia weighed in on the tensions between the two companies, saying: “It is a pretty big deal when one of the largest crypto companies in the world has to sell its venture-capital portfolio to pay off its creditors.”

The FT noted that the dispute between DCG and Gemini is complicated and goes beyond the $3 billion owed to creditors. According to sources, the two companies have been in a dispute for several months and have been unable to agree on a resolution. The report also said that DCG is seeking to resolve the matter with Gemini but that the latter is unwilling to negotiate.

As the two companies continue to dispute their relationship, the fate of DCG’s venture-capital portfolio remains uncertain. If the company is forced to sell it, it could have a negative impact on the crypto industry, as it could lead to a disruption in the capital and resources needed to develop the industry.

The dispute between the two companies has put a spotlight on the risks associated with investing in the crypto space, as the lack of regulatory oversight can lead to companies failing to meet their obligations. It also highlights the need for greater transparency and accountability in the industry, as investors need to be able to trust the companies they are investing in.

Overall, the dispute between Gemini and DCG underscores the need for increased regulation in the crypto space and greater transparency from companies operating in the industry. It also serves as a reminder of the risks associated with investing in a nascent and largely unregulated market, and the importance of doing due diligence before investing in any project or company.

TON Foundation Unveils ‚TON Storage‘ Data Storage Platform

• TON Foundation, the stewards of the TON network, has unveiled a data storage ecosystem called TON Storage that aims to enable users to exchange files of any size while providing financial incentives to node operators for hosting files.
• The project aims to enable users to exchange files of any size while providing financial incentives to node operators to host files for users.
• The TON Storage platform is designed to solve the problem of large-scale data storage.

The TON Foundation, the stewards of the blockchain network TON, has unveiled their latest project, TON Storage. This platform is designed to provide a solution for large-scale data storage problems. The project is aimed at enabling users to exchange files of any size, while also providing financial incentives to node operators for hosting these files.

The TON Storage project is an ecosystem that is built on top of the TON blockchain, and it is expected to provide secure, fast, and reliable data storage solutions. The platform is designed to provide strong economic incentives in the form of rewards to node operators who are hosting user files. This is done through the use of smart contracts on the TON blockchain. The node operators can earn rewards for hosting files, and the users can pay for the storage without having to worry about the security of their data.

The TON Storage platform also provides a number of other features that are designed to make it easier for users to store and access their data. The platform provides a number of different protocols that allow users to access and transfer their data. There is also a data replication feature that allows files to be stored in multiple locations, which helps to protect the data from being lost if one of the nodes fails.

The TON Foundation is hoping that the TON Storage platform will help to create a more efficient and secure data storage system. It is also expected to help reduce the cost of data storage, as well as provide users with more control over their data. The TON Foundation is also working on new features that will be added to the platform in the future.

The launch of the TON Storage platform is a major step forward in the development of the TON blockchain, and it is expected to help make the network more secure and efficient. It is also expected to help reduce the cost of data storage and provide users with more control over their data. The TON Foundation is hoping that the TON Storage platform will be able to make a big impact on the crypto storage market, and the future of the blockchain.

Gain Exposure to Coinbase with 40% Annual Coupon and Partial Downside Protection

• Marex Solutions, a derivatives-focused division of the London-based financial services provider Marex, has issued a Coinbase (COIN) linked structured product.
• This six-month barrier reverse convertible (BRC) note offers a guaranteed annual 40% coupon paid monthly, providing holders with regular cash flow.
• The note has a predefined „barrier“ at 66% of the Nasdaq-listed stock’s price, and if the barrier is hit or breached, the partial downside protection disappears, and the holder will be allocated COIN shares at $25.

Marex Solutions, a derivatives-focused division of the London-based financial services provider Marex, recently unveiled a Coinbase (COIN) linked structured product that offers enhanced coupons in return for only partially protecting capital risk on the cryptocurrency exchange’s shares. Investors have been drawn to the product due to Coinbase’s increasing market share in the wake of rival FTX’s collapse.

The six-month barrier reverse convertible (BRC) note issued Wednesday by Marex’s FCA regulated entity Marex Financial offers a guaranteed annual 40% coupon paid monthly, providing holders with regular cash flow. It also has a predefined „barrier“ at 66% of the Nasdaq-listed stock’s price – $37.8 on the issue date. As long as the shares stay above $25 during the term, Marex Financial will repay the invested amount in full at expiry. If the barrier is hit or breached, the partial downside protection disappears, and the holder will be allocated COIN shares at $25, exposing them to market vicissitudes.

Ilan Solot, from Marex Solutions, said that the structured product is an attractive option for investors who prefer to express their view on Coinbase via structured products. He said that the product offers a „unique way to participate in the growth of the leading crypto exchange, while also offering a competitive return and the ability to benefit from high levels of liquidity.“

The product has been issued with a minimum denomination of £50,000 and is available to both institutional and retail investors. It is being sold by Marex Solutions‘ network of brokers, including Bank of America, Goldman Sachs, and JP Morgan.

Overall, the Coinbase-linked structured product is an attractive option for investors seeking to benefit from the growth of the leading crypto exchange while also enjoying a competitive return and high levels of liquidity.

How to Use Apple TV Without a Remote Control

Apple TV is an innovative streaming device that lets you to stream your favorite television and films as well as play games and utilize apps. It’s the ideal way to entertain yourself when you’re unable to travel. But what happens if have lost the Apple TV remote control or it doesn’t work? It is possible to make use of Apple TV without a remote control and this article will demonstrate how.

What is Apple TV

Apple TV is a streaming device designed by Apple Inc. that connects to your TV via the HDMI port. It lets you access streaming media services like Netflix, Hulu, and iTunes in addition to play games, play films, and listen to music. There are apps available for a range of services, including YouTube as well as Disney+.

Why Do You Need a Remote Control

This Apple TV remote control is the primary method of interaction to the gadget. It lets you manage access to the Apple TV menu, play media, and open various applications. Without the remote it would be difficult to make use of the device.

How to Use Apple TV Without a Remote Control

If you’ve lost the Apple TV remote or it’s not working, there are ways to use it. You can utilize an iPhone, iPad, or iPod Touch as a remote control. For this, you’ll need download the no-cost Apple TV Remote app from the App Store. Once you’ve installed it you’ll be able to make use of it to control your Apple TV.

It is also possible to utilize a third-party remote control for example, like that of the Logitech Harmony remote. These remotes are made to work with a range of gadgets, including Apple TV. They generally have an advanced set of functions over remotes for the Apple TV remote, such as the capability to configure macros and make custom buttons.

How to Perform Basic Functions Without a Remote

If you don’t own the iPhone, iPad, or iPod Touch, or a third-party remote, there are options to access Apple TV without a remote. You can make use of the on-screen menus of the device to navigate through Apple TV’s Apple TV interface. To navigate around the interface you can utilize the arrow keys of the remote control of your TV in order to shift the cursor across the screen.

It is also possible to use the integrated Voice Control feature to search for relevant content. To achieve this, simply Press and hold down the Play/Pause buttons on the Apple TV device until the Voice Control prompt appears. Then, you can make use of your voice to find media, control playback and even launch applications.

Troubleshooting Tips

If you’re experiencing problems with an Apple TV without the remote There are some ways to resolve the issue. First, ensure that your device is running and is connected to your TV. It is also important to ensure whether you are sure that the HDMI cable is properly linked to your Apple TV and the television.

If your device is not functioning, try reset it. To accomplish this, hold and press the Volume Up and Menu buttons of the device for 5 minutes. This will reset your device and will hopefully resolve any issues you’re experiencing.

Alternatives to Apple TV

If you’re in search of alternatives for Apple TV, there are some options. Amazon Fire TV Stick Amazon Fire TV Stick is an option that is popular, because it offers a range of streaming games and apps that are available. It also has the ability to control your remote, so you don’t need to worry about using your smartphone or a remote from a third-party.

Google’s Chromecast is another well-known streaming device. It lets you stream content from your smartphone tablet, laptop, or phone onto your TV. It also offers a range of apps , such as Netflix, YouTube, and Hulu.

Conclusion

Apple TV is a great streaming device, however it isn’t easy to operate without a remote. However, there are options to operate this device with no remote for instance, the use of an iPhone, iPad, or iPod Touch as a remote control. You can also make use of an external remote control, or use the on-screen menus and the Voice Control feature. If you’re looking for a different option for Apple TV, there are several alternatives to streaming devices like Amazon Fire TV Stick and Google’s Chromecast. If you have the right configuration you’ll be able to watch your most-loved TV shows without the need for a remote.

Troubleshooting a DisplayPort No Signal Error

A DisplayPort not receiving a signal is a frequent problem that can lead to many issues. DisplayPort is the most modern digital display interface created through the Video Electronics Standards Association (VESA). It was developed to replace the old analog connectors for video like VGA and DVI and has evolved into the standard for digital displays. The DisplayPort is not a signal error when the computer is unable to detect the DisplayPort device it is connected to. It can cause various issues like blank screens, distortion of images, or any other issues.

What is a DisplayPort No Signal Error?

An DisplayPort non-signal error that happens when the system fails in recognizing the DisplayPort device that is connected to it. This could cause many problems, including an unreadable screen, blurred images, or any other problems.

Common Causes of a DisplayPort No Signal Error

There are a number of typical causes for an DisplayPort error of no signal. The most prevalent reason is a broken link to the DisplayPort device and the computer. Other possible causes include damaged DisplayPort cables, malfunctioning DisplayPort gadget, or obsolete graphics drivers.

Troubleshooting a DisplayPort No Signal Error

The first step in resolving the DisplayPort problem is to examine the connections to the PC and DisplayPort device. It is crucial to ensure that the connections are secure and that there isn’t any loose cables.

Checking the DisplayPort Connections

The first step to troubleshoot an DisplayPort signal issue is to verify the connection between your computer and DisplayPort device. It’s crucial to ensure that the connections are secure and that there isn’t any loose cables. In addition, you should be sure you have the DisplayPort cable is properly connected to the computer as well as it’s DisplayPort device.

Checking the DisplayPort Cable

If the connections between your PC and DisplayPort device is secure it is time to examine the DisplayPort cable. When the Cable is frayed or damaged this could be causing the error „No Signal. In the event that the cable has been damaged, it must replace it with brand new one.

Checking the DisplayPort Device

If you find that the DisplayPort cable appears to be in good working order then the following step would be to examine your DisplayPort device. Verify it is properly connected to your computer and it is running. In addition, ensure you have the right device for your computer.

Updating Graphics Drivers

If your DisplayPort devices are in good working order the second step will be to examine the drivers for graphics. Incorrect graphics drivers can lead to various problems, such as an DisplayPort error of no signal. If your graphics drivers are outdated, they should be replaced. date, they must be upgraded to the most current version.

Conclusion

A DisplayPort error of no signal is a frequent problem that can lead to various problems. The most frequent reason is due to a malfunctioning link between the PC and DisplayPort device. Other causes are broken DisplayPort cable, defective DisplayPort device or obsolete graphics drivers. How to fix an DisplayPort issue that does not have a signal involves checking the connection to the PC and DisplayPort device, testing for a damaged DisplayPort cable, examining the DisplayPort device and updating the graphics driver. If none of these steps resolve the issue, the DisplayPort device needs to be replaced.