Miami is planning to pay a bitcoin dividend to those who acquire a wallet, register for the dividend and pass a verification process.
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Silvergate Capital Corp. shares jumped as high as 13% Thursday after JPMorgan initiated research coverage with an overweight recommendation and a $300 price target.
- The price target would represent a 59% increase over yesterday’s closing price of $188.73. In recent trading, the shares were at $210, up about 11%.
- “Silvergate’s status as the pure-play bank of the crypto ecosystem, has led to the creation of a bank not only with superior growth potential, but also that operates with one of the highest quality balance sheets in the industry,” JPMorgan analyst Steven Alexopoulos said in a note to clients.
- JPMorgan sees Silvergate as a way for investors to gain exposure to crypto adoption and disruption.
Read more: Silvergate Capital 3Q EPS Beats Estimates; Digital Currency Deposits Grew to $11.2B
Russian lawmakers prep legislation and form working group to address growing bitcoin mining industry
The chairman of the State Duma is pushing for a new inter-committee working group on cryptocurrencies.
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“The Now” auction appears to be the first time the 277-year-old art house will prioritize crypto as a payment over fiat currency.
The post Sotheby’s to hold real-time bids in ETH for Banksy art auction appeared first on The Block.