BTC/USD Gains Modest Ground: Sally Ho’s Technical Analysis – 13 March 2023 Bitcoin (BTC/USD) added to recent gains over the past couple of trading sessions early in the Asian session as the pair was ...
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Silicon Valley Bank: Bitcoin investors in panic as market goes sideways
BTC has logged negative funding rates for the first time this year. On-chain data shows increased selling as many exit trading positions. As the cryptocurrency market grapples with the uncertainty tha...
Something banks cant do, is clear on weekends, as Bitcoin transactions hit record numbers over weekend
Definition The total number of transactions waiting in the mempool in different size (vByte) cohorts. Quick Take The number of transactions in the mempool has surpassed three-year highs Transaction co...
USDC Dominated Trading Volume on Decentralized Exchanges Amidst Depegging Incident – Market Updates Bitcoin News
On Saturday, several centralized crypto trading platforms and payment processors stopped USDC auto conversions. However, USDC experienced a significant trading volume on decentralized exchange (dex) p...
Is Circle’s USDC Stablecoin Crisis a Blessing in Disguise for Bitcoin?
Alex Dovbnya The recent crisis surrounding Circle’s USD Coin (USDC) stablecoin may have inadvertently boosted Bitcoin, as people are turning to it to achieve a synthetic USD due to the collapse ...
Lugano After One Year on its Bitcoin and Tether Standard
It’s been one year since the Swiss city of Lugano established Bitcoin and Tether (USDT) as de facto legal tender within its borders. Since then, how has its adoption initiative fared?On Monday, Tether...
Bitcoin (BTC) Price Prediction 2025-2030: Post-Silvergate, where can BTC go now?
Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto’s own research on the subject. With just twenty days remaining i...
Critics Call Warren’s Silvergate Take ‘Terribly Misinformed,’ SVB Collapses, Vitalik’s Token Sell-Off Moves Markets, and More — Week in Review – The Weekly Bitcoin News
It’s been a turbulent week in finance with the so-called crypto-friendly Silvergate Bank announcing its liquidation, U.S. Senator Elizabeth Warren blaming the event on “crypto risk,” and individuals o...
Bitcoin And Flow Coin Slump, As Big Eyes Coin Continues Its Unstoppable Presale Run Past $31.24 Million
There have always been significant swings in the value of Bitcoin and other cryptocurrencies, including sudden peaks and rapid drops. Nonetheless, investors and cryptocurrency enthusiasts are quite an...
Judges Will Likely Rule in Favor of Grayscale in Bitcoin Spot ETF Battle With SEC, Says Bloomberg Expert – Here’s Why
A senior litigation analyst at Bloomberg Intelligence believes that the odds are now in favor of Grayscale in its legal battle with the U.S. Securities and Exchange Commission (SEC). Last year, Graysc...
South African Rand Plunges to New 2023 Low Versus the US Dollar – Africa Bitcoin News
Just a few weeks after tapping its best exchange rate versus the greenback in 2023, the South African rand fell to a new 2023 low of 18.636 local currency units for every dollar on March 7. South Afri...
This Bitcoin Cycle Signal Suggests Bear Market Is Nearing an End
A powerful new on-chain analysis tool called the Bitcoin Cycle Extremes indicator has been released. It’s designed to help find extreme conditions in the Bitcoin market. It attempts to answer the ulti...
Two Major Banks Shut Shop $BTC
The loss of these two major banks has hit the crypto space especially hard. Let’s see how this development affected the market and check out some newsworthy crypto moments from this week. DeFi Popula...
USDC Recovers to $0.95, Bitcoin Reclaims the $20K Mark (Weekend Watch)
The past 24 hours saw the cryptocurrency market take a bit of a breather as it managed to recover around $16 billion in terms of its total capitalization. That said, the turmoil around USDC continues,...
Revised Bill Suggests Prison Time for Russian Crypto Miners Evading Taxation – Mining Bitcoin News
A draft law designed to regulate crypto mining in Russia introduces harsh penalties for miners failing to report digital assets to the state. In its latest revision, the bill also threatens to punish ...
BTC & ETH Funding Rates Hit 4 & 6-Month All-Time Lows, Reports Crypto Analyst
Bitcoin and Ethereum funding rates hit 4 and 6-month lows respectively. Shift from USDC to BTC led to a significant BTC premium on Coinbase. Bitcoin rebounds above $20,000 despite market volatility an...
Top Crypto Trader Issues Bitcoin Warning, Says BTC Flashing Vibes of March 2020 Meltdown
A closely followed crypto trader is issuing an alert to Bitcoin (BTC) holders, saying that the king crypto’s current market structure looks similar to its price action prior to a deep plunge about thr...
Indian Student Committed Suicide After Becoming a Victim to a Bitcoin Scam (Report)
A second-year B.Com student from the Indian city Lucknow reportedly hanged himself after losing a bitcoin investment worth ₹3.5 lahks ($4,200). The local police assured they will investigate the tragi...
Nigerian Central Bank Unveils Open Banking Guidelines – Africa Bitcoin News
The Nigerian central bank recently said it had issued operational guidelines for open banking in Nigeria which are expected to enhance efficiency and access to financial services. According to the cen...
Cryptocurrency Turnover Growing in Russia, Watchdog Reports to Putin – Bitcoin News
Use of cryptocurrencies is increasing in Russia, the head of the country’s financial watchdog has informed President Putin. The agency, Rosfinmonitoring, is following thousands of participants in digi...
Billionaire Warns of Imminent Bank Runs if Government Fails to Guarantee All SVB Deposits – Economics Bitcoin News
Billionaire Bill Ackman has warned of “vast and profound” consequences of the U.S. government letting Silicon Valley Bank (SVB) fail without protecting all depositors. “No company will take even a tin...
Circle Issues Update Amid Stablecoin Volatility; Firm Is Prepared to ‘Stand Behind USDC and Cover Any Shortfall’ – Bitcoin News
On Saturday, March 11, 2023, Circle Financial updated the public about its stablecoin, USDC, and noted that the stablecoin’s liquidity operations will resume normally on Monday morning in the United S...
Bank of England Shuts Down Silicon Valley Bank’s UK Branch After US Regulators Close Parent Company – Bitcoin News
After U.S. regulators shut down Silicon Valley Bank (SVB) on Friday, the Bank of England has closed the company’s U.K.-based arm. The central bank explained that it intends to place the subsidiary int...
Bitcoin Ordinals could help BTC miners in the long-run- Here’s how
Ordinals inscriptions have surpassed 411,000. Its contribution to transaction fees over the past week has also exceeded 6%. Ordinals and other Layer 2 solutions have made the Bitcoin network no longer...
$22 Trillion in US Banking System Backed by Just $225 Billion at FDIC: Bitcoin Proponent Gabor Gurbacs
A strategy advisor at Vaneck/MVIS is highlighting the disparity between the money held at the Federal Deposit Insurance Corporation (FDIC) and the amount of money sitting in the US banking system. In ...
BTC Loses 15% Weekly, Will $20K Hold or is Another Crash Imminent? (Bitcoin Price Analysis)
The instability of Circle’s USDC has caused extreme fear in the market, as stablecoins play a crucial role in the cryptocurrency industry. Bitcoin’s price was affected by the recent turmoil and has de...
‘Fiat Is Fragile’ — Silicon Valley Bank’s Collapse Sparks Finger-Pointing and Concerns of Contagion – Bitcoin News
Silicon Valley Bank (SVB) has become the center of attention after its collapse prompted the U.S. Federal Deposit Insurance Corporation (FDIC) to shut the bank down on Friday. It was the largest U.S. ...
Bitcoin Fear and Greed Sentiment Changes to ‘Fear’ Amid Market Downturn
The measure includes things like market volatility, social media commentary, polls, etc. Several cryptocurrency companies were revealed to have ties to the defunct bank. After a promising start, crypt...
Makerdao Issues Emergency Proposal to Address $3.1B in USDC Collateral After Stablecoin Depegging Incident – Bitcoin News
On March 11, 2023, the decentralized finance project Makerdao issued an emergency proposal following the USDC depegging incident that saw the stablecoin dip down to $0.877 per unit. At the time of wri...
Cardano Founder Supports Algorithmic Stablecoin for BTC’s Vision
Cardano founder Charles Hoskinson believes that algorithmic stablecoins would help to achieve Satoshi Nakamoto’s vision for Bitcoin. According to him, banks will always let users down. Hoskinson was r...
The IMF Plans to Watch El Salvador and Its BTC Habits Closely
The International Monetary Fund (IMF) has stated that the risks surrounding bitcoin use in El Salvador have not necessarily shown themselves yet. However, the agency has reported it’s necessary to sta...