Silicon Valley Bank (SVB), one of America’s largest banks, declared bankruptcy on Friday, March 10, but what really happened? The implosion of the Silicon Valley bank, predictably, sparked fear and co...
Category: Crypto
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Binance Delivers $1 Billion Blow to Crypto Bears
Alex Dovbnya Binance, one of world’s largest cryptocurrency exchanges, has announced conversion of remaining funds from its Industry Recovery Initiative from BUSD stablecoin to native cryptocurr...
Bitcoin (BTC), crypto prices surge as SVB depositors protected
Jakub Porzycki | Nurphoto | Getty Images Cryptocurrencies rallied on Monday as the U.S. government moved to protect depositors of the collapsed Silicon Valley Bank and HSBC bought the lender’s U...
IMF had Warned G-20 That Widespread Crypto Use Would Impact Banks
“A widespread proliferation of crypto assets comes with substantial risks to the effectiveness of monetary policy, exchange rate management, and capital flow management measures, as well as to f...
Binance to Acquire $1,000,000,000 in Bitcoin, Binance Coin and Ethereum in Massive Stablecoin Swap
Crypto giant Binance says it’s converting $1 billion of its dollar-pegged stablecoin BUSD into Bitcoin, Binance Coin and Ethereum. Binance CEO Changpeng Zhao says this represents the remainder of the ...
Have Crypto Markets Risen Above the Bearish Captivity? Here’s What to Expect This Week
Bitcoin’s price suffered a massive crash due to the collapse of a US bank in just a couple of days and displayed its strength and self-assurance to maintain a healthy upswing. However, it has also to ...
ETH Hikes Over 9% Ahead Of Goerli Testnet As Crypto Market Cap Breaches Trillion Mark
Ethereum Price Today: The market is trading in green as Bitcoin and other Altcoins are seeing a jump today despite the collapse of two major crypto-related banks last week. As of writing, Bitcoin pric...
3 Reasons Why AI Crypto Will Dominate In 2023 – Avorak AI vs. SingularityNET
With the increasing need for automation, the advent of AI crypto is timely in helping businesses become more efficient and effective. As blockchain technology evolves, there is a growing demand for AI...
Crypto Market Analysis: Bitcoin to Struggle to Rach $24,000 While Ethereum May Surge Beyond $1700 Soon
The crypto markets have risen above the recent price action, which drove the global market cap below $930 billion. However, the current price jump raised the market cap back above $1 trillion and also...
Feds Close Crypto-Focused Signature Bank Citing Systemic Risks
Signature Bank is the next bank to be closed by Federal regulators. Regulators closed the crypto-focused bank, citing systemic risk. The Federal Reserve has closed Signature Bank, as revealed in a pre...
Bitcoin jumps more than 9% as U.S. acts to protect deposits at crypto-linked banks
Bitcoin and Ether led a strong price rebound in the top 10 non-stablecoin cryptocurrencies in morning trading in Asia as U.S. banking regulators took control of Silicon Valley Bank and Signature Bank,...
Emergency FED Meeting Could Set Tone For Crypto Market Direction
Emergency FED meeting decision could affect the market direction in the coming week. James Bull thinks the FED might lower interest rates to protect more banks from collapsing. Crypto prices could pum...
Ethereum and XRP Shine in the Crypto World, Orbeon Protocol Takes the Market by Storm with 1988% Increase During Presale
Although Ethereum took a tumble from Friday’s Silvergate situation, it is now holding steady and as always, offers utility for the ever-developing use cases. The heat between XRP v SEC continues to i...
‘Nobody left to bank crypto companies’ — Crypto Twitter reacts
Crypto companies could find it harder to access traditional banking partners with the loss of two major crypto-friendly banks in less than a week, according to some in the crypto community. On Mar. 1...
The Ultimate Crypto Companion: Live Coin Watch Mobile App
After a successful launch of its popular iOS app, Live Coin Watch is thrilled to unveil its mobile app for Android, now available for free on Google Play. The native app is designed to cater to the re...
Australian Tax Regulators Know Your Crypto Investments
Crypto usage has been increasingly on the radar of tax authorities worldwide in recent years. The growing popularity of cryptocurrencies has increased their use for transactions and investments. Tax a...
Bitcoin And Crypto Register Massive Gains Despite Banking Crisis
Last week has been dramatic on Wall Street and the crypto sector as two crypto-friendly banks – Silvergate and Signature – announced shutting down their operations. However, the broader crypto market ...
Signature Bank Announces Shutdown In Another Blow to Crypto
In another major blow to the crypto industry, regulators announced the shutdown of yet another crypto-friendly bank aka Signature Bank. The collapse of Silicon Valley Bank (SVB) last week has already ...
Crypto Receives a Reminder of the Relevance of Banks
The closure of Silicon Valley Bank last week has sparked a period of unprecedented bank turmoil last seen during the Global Financial Crisis (GFC) in 2008. While 2020 was a nightmare year for most, it...
VET coin price analysis: Is VET coin indicating bearish run?
On a daily time scale, the price of the VET coin is trading in the demand zone. On a daily time scale, the price of the coin is creating a falling wedge pattern. The price of the VET/BTC pair is now 0...
Signature Bank Closure Deals Another Blow to Crypto Industry
(Bloomberg) — The closure of Signature Bank, a lender that counted a number of crypto companies as customers, marks another major setback for digital assets as the industry becomes ever more cut...
FTM coin price analysis: Coin price indicates bullish trend
On a daily time scale, the price of the FTM coin is trading in the demand zone. On a daily time period, the price of the FTM coin is exhibiting a falling wedge pattern. The price of the FTM/BTC pair i...
USDC, crypto rallies on news that SVB, Signature Bank deposits are safe
Markets • March 12, 2023, 8:16PM EDT USDC nearly regained its peg and cryptocurrencies rallied on the news that all Silicon Valley Bank and Signature Bank deposits will be fully returned to customers....
Crypto-friendly Signature Bank shut down by regulators, after collapses of Silicon Valley Bank, Silvergate
State authorities closed Signature Bank SBNY, -22.87% Sunday, after Silicon Valley Bank was shut down by regulators on Friday in the biggest bank failure since the 2008 financial crisis, according to ...
Crypto-Friendly Signature Bank Shut Down by State Regulators
“Signature Bank is a New York state-chartered commercial bank and is FDIC-insured, with total assets of approximately $110.36 billion and total deposits of approximately $88.59 billion as of Dec...
Crypto Addiction Is a Growing Problem, but How Big?
More clinics are offering services to help crypto addiction. But how bad is this emerging problem? For years society has been increasingly concerned about gambling addiction, and rightly so. Gambling ...
SEC’s Gensler rejects crypto’s threat to move overseas
Gary Gensler is the current chairman of the SEC, appointed by President Joe Biden in April 2021. The regulation of cryptocurrencies has been a topic of debate lately concerning fraud, money laundering...
SAND coin price analysis: SAND Coin Price Poised for Reversal
On a daily time scale, the price of the SAND coin is circling close to the demand zone. On a daily time period, the price of the SAND coin is exhibiting a falling wedge pattern. The price of the SAND/...
Crypto Platform Huobi Exchanged $100,000,000 USDC for DAI During Stablecoin Depegging Scare: On-Chain Data
Crypto exchange Huobi converted $100 million worth of USD Coin (USDC) to Dai (DAI) as uncertainty spread in the stablecoin market this weekend, on-chain data shows. According to blockchain tracking fi...