SALT LAKE CITY, UTAH – MARCH 20: A general view of a ‘March Madness’ logo is seen during practice … [+] before the First Round of the NCAA Basketball Tournament at Vivint Smart...
News
BTC and ETH Price Analysis for March 13
The new week has started with the market bounce back as the rates of most of the coins are rising. BTC/USD The price of Bitcoin (BTC) has rocketed by 14% over the last 24 hours. The price of Bitcoin (...
Bybit, Oracle Red Bull Racing Launch Unique Accelerator for Athletes
Vladislav Sopov Novel accelerator program is set to unlock unmatched opportunities for e-athletes globally Contents Bybit and Oracle Red Bull Racing introduces joint initiative for e-athletes: What is...
Democrats Blame SVB Collapse On Trump-Era Regulatory Rollbacks—But GOP Opposes Stricter Rules
Topline Democrats placed blame for the collapse of Silicon Valley Bank and Signature Bank over the weekend on looser regulations signed by former President Donald Trump, and called for Congress to rei...
Nouriel Roubini Gloats Over Crypto Banking Crisis
Alex Dovbnya Turkish-American economist Nouriel Roubini celebrated collapse of these crypto-related banks in recent tweet Turkish-American economist Nouriel Roubini has gloated over the collapse of se...
Shiba Inu (SHIB) Bounces Unexpectedly, Avoiding ‘Death Cross’ Confirmation
Arman Shirinyan Shiba Inu has successfully avoided confirmation of grim chart pattern and now shows more stable performance Contents Demand for Cardano rises Tron’s unexpected bounce Shiba Inu h...
BlockFi in no immediate danger, despite Silicon Valley Bank exposure: Report
According to a lawyer representing the bankrupt crypto lender BlockFi Inc.,the company is in a stable financial position with access to ample cash reserves, despite having over $200 million in exposur...
Crypto not responsible for bank problems says Blockchain Association
The Blockchain Association chief policy officer, Jake Chervinsky, said that the rise in adoption of crypto in the U.S. has no impact on the recent high-profile collapses in Wall Street and that just l...
Crypto-friendly banks closure could pose a challenge for crypto companies
The closure of three major crypto-friendly banks in the US, Signature Bank, Silicon Valley Bank, and Silvergate Bank, has sent shockwaves across the digital asset industry. According to some in the cr...
USDC, SVB saga fuels massive profits for Ethereum [ETH] as Shanghai looms
Ethereum’s profits rise as trading activity increases due to USDC and SVB saga Short sellers face the heat as their positions get liquidated The aftermath of the collapse of SVB and Signature bank has...
Stablecoin Trading Dominates Monday’s Crypto Market, Tether and BUSD Sell at Premiums – Market Updates Bitcoin News
On Monday, the crypto economy experienced significant market activity with $183.85 billion in global trade volume over 24 hours, with a large portion of those trades involving stablecoins. USDC traded...
BlockTower Capital Funds Had Exposure to Silvergate, Signature Bank
According to the Form ADV Filing dated May 11, 2022, the BlockTower Blue Signum SPV fund, which had about $4.6 million in gross asset value at the time of the filing, used Silvergate Bank as its sole ...
Signature Bank closure highlights benefits of holding Bitcoin, says Marathon Digital
Ad Bitcoin (BTC) miner Marathon Digital said its funds held at Signature Bank are safe and available for use despite the closure of the bank. In a March 13 statement, the BTC said $142 million in cas...
Crypto Firms Report Funds Tied Up with Shuttered Signature Bank
On March 12, New York regulators and the United States Federal Deposit Insurance Corporation shut down Signature Bank, a crypto-friendly bank that had reportedly become a systemic risk to the US econo...
Conflux (CFX) Price Retreats to, But it is Still Up 93% This Week. TMS Network (TMSN) is still on the rise after making over 2 million
The world of cryptocurrency continues to be a hotbed of activity. Recently, Conflux (CFX)’s price retreated to $0.287 while still up 93% this week, while Solana (SOL)’s incessant outages triggered a b...
Trouble Grows For Silicon Valley Bank As Shareholders File Lawsuit
In the midst of the ongoing crisis, recent reports suggest that a number of shareholders have initiated legal action against the Silicon Valley Bank, its parent corporation and several of the bank’s m...
Burning USDC and Minting DAI Prove to Be Popular On-Chain Activities Amid SVB Collapse
Circle Internet Financial’s USDC stablecoin saw almost $3 billion in net redemptions, defined as the total number of USDC burned minus the number of USDC minted between Friday, March 10 and press time...
SEC Goes Full Focus on Manipulation & Find Ways to Tame it Down
The SEC focuses on going after individuals to alter company practices. SEC fined Gentex Corp. $4 million for alleged earnings-management strategies Roadrunner paid $20 million in 2019 to settle a clas...
Solo Bitcoin Miner Wins Rare Block Reward Worth Over $150,000
Bitcoin mining is the process by which miners add new blocks to the Bitcoin blockchain. Miners must use computational power to solve complex mathematical equations to create a valid block hash. When a...
Signature Bank Closure, Strike Three For Crypto Banking Industry
Another setback for digital assets, as a lender Signature Bank was closed by US regulators to circumvent the banking crisis. The United States Treasury Department said on Sunday, March 12, 2023, that ...
Beat Banks Runs With Bitcoin: Meet The New Bull Narrative For Crypto
Bitcoin price is currently soaring, climbing more than 20% since last Friday. The rally could be due to a brand new bull narrative that’s possibly brewing: using BTC to beat bank runs – a situation un...
Binance converts remaining $1 billion in Industry Recovery Initiative to native crypto amidst concerns around stablecoins
On March 13, CZ tweeted that due to the changes in stablecoins and banks, Binance will be converting the remaining $1 billion funds in its Industry Recovery Initiative to native crypto. The native cry...
It’s About The Runway, But Really It’s Always About The Front Row
PARIS, FRANCE – FEBRUARY 28: (EDITORIAL USE ONLY – For Non-Editorial use please seek approval from … [+] Fashion House) Rihanna and ASAP Rocky attend the Off-White Womenswear Fall/Wi...
US regulators shut down Signature Bank despite ‘no insolvency’: Report
Barney Frank, a former member of the United States House of Representatives, has reportedly suggested New York regulators closed the crypto-friendly Signature Bank as part of a seeming show of force. ...
Euler DeFi Protocol Faces Loss of $177M In Major Attack
Ethereum-compliant lending protocol Euler Finance lost $8 million in an attack. In 2022, it raised $32 million from industry giants Coinbase, Jump, Jane Street, Uniswap, and defunct FTX. BlockSec aler...
Cryptocurrency Community Debates Fallout from Closure of Major American Banks
The closure of three major American banks that serve cryptocurrency firms has sent shockwaves through the broader cryptocurrency community. Silicon Valley Bank (SVB), which has traditionally served st...
Shareholders file lawsuit against Silicon Valley Bank, alleging fraud: Report
A group of shareholders have reportedly filed a lawsuit against Silicon Valley Bank’s parent company and some of its executives amid the unfolding crisis. Multiple news outlets reported on March 13 th...
Evertas’ Ryan Lackey Makes Feature Requests To Armstrong
CSO Evertas Insurance Ryan Lackey made feature requests to Coinbase CEO Brian Armstrong in a tweet. Armstrong consents to Lackey’s request to make Coinbase a high-net-worth business neo bank. Lackey s...
Coinbase suspends BUSD trading amid regulatory concerns
Coinbase has announced to suspend trade for Binance USD (BUSD) due to concerns raised by regulators about Binance’s operations. Coinbase, the leading U.S. cryptocurrency exchange, has announced to sus...
CoinMarketCap Acquisition of CoinDesk ‘On Hold’
CoinDesk, a leading crypto news and events company and a core component of the Digital Currency Group (DCG) empire, has been an acquisition target for Binance Capital Management (BCM) in recent weeks,...