Silvergate Capital Discloses Massive Fourth-Quarter Withdrawals, Cuts Workforce by 40%
Silvergate Capital announced it will cut 40% of its workforce — about 200 employees — “in order to account for the economic realities facing the business and industry today”.
Animoca Brands Halves Fundraising Target for the 2023 Web3 and Metaverse Fund to $1 billion
Animoca, one of the most prominent investors in Web3, keeps pushing the sector and plans to launch a new Web3 and Metaverse fund valued at $1 billion, halving their previous expectations.
What Is Relative Strength Index (RSI) Indicator and How Does It Work
RSI is a momentum oscillator created by J Welles Wilder for the commodities market in the late 1970s. But over the years, it has been found to work very well for the Crypto market. RSI is usually used in the 14-day timeframe and measures the velocity and magnitude of the directional price movements as a ratio of the higher closes to the lower closes.
