Crypto-friendly Silvergate bank is not healthy financially; the reasons are its crypto-related deposits. The harsh crypto winter and its alleged involvement in FTX-saga had cost the bank dearly. Rumor...
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US trustee appeals FTX bankruptcy judge’s ruling to deny appointment of independent examiner
Lawyers for Andrew Vara, the United States Trustee representing the interests of the Department of Justice in crypto exchange FTX’s bankruptcy proceedings, has filed an appeal against a federal judge’...
White House ‘aware of’ stressed crypto friendly bank Silvergate, says press secretary Karine Jean-Pierre
Ad On March 6, White House Press Secretary Karine Jean-Pierre was pressed on whether the President was monitoring the evolving situation around the stressed crypto-friendly bank Silvergate. “We won’t ...
Crypto’s Banking Problem Is Not Ironic
If we look at crypto exchanges, Silvergate is so well-liked because a) it gives access to banking in the first place and b) Silvergate ran the Silvergate Exchange Network (SEN). SEN, which was recentl...
The dark side of CBDCs – a Nigeria case study – Cryptopolitan
Not all that glitters is gold. The current CBDC situation in Nigeria foreshadows what is to come. Citizens in Nigeria have taken to the streets to protest the country’s cash shortage, as well as their...
Price analysis 3/6: SPX, DXY, BTC, ETH, BNB, XRP, ADA, MATIC, DOGE, SOL
Stock markets continue to trend upward, while crypto investors wait for this week’s Federal Reserve statements before choosing which direction BTC and altcoin prices will take. The United States equit...
Crypto prices flat, Silvergate declines ahead of Powell testimony
Crypto markets traded relatively flat as the market prepares for Federal Reserve Chair Jerome Powell’s Congressional testimony on Tuesday and the release of U.S. jobs data on Friday. Bitco...
$17M Digital Asset Outflow Recorded Amid US Regulatory Concerns: CoinShares
The negative sentiment in digital asset investment products reached the fourth week recording an outflow of $17 million. Confirming the same, the latest edition of the CoinShares report stated, “The p...
FTX sues Grayscale and DCG, citing ‘exorbitant’ fees
Collapsed crypto exchange FTX filed a lawsuit against Grayscale Investment, citing mismanagement of the firm as evidence that it was in violation of Trust agreements. The FTX debtors also filed ...
Arbitrum: Here’s why bulls may have their eyes fixed on the L2 ecosystem
The Arbitrum TVL has outrightly outperformed others in the last month. Whales accumulated some tokens under the chain showing buying opportunities. Layer-two protocol (L2) Arbitrum has been one of the...
Binance accumulates 3.8B USDC in three weeks
Ad Glassnode data analyzed by CryptoSlate revealed that Binance accumulated 3.8 billion USD Coin (USDC) during the past three weeks. Binance’s USDC pool sits at 5.1 billion coins at the time of writin...
Embattled Swiss Banking Giant Credit Suisse Loses One of Its Major Backers
Zurich-based financial powerhouse Credit Suisse plans to improve its operational outlook after losing one of its biggest backers. Credit Suisse recently lost one of its most significant backers after...
Is China Getting Back to Crypto One Way or Another? ⋆ ZyCrypto
Advertisement     Suppose current indicators are anything to go by. In that case, China may be in for another much-anticipated massive appearance on the global crypto ...
6 Revelations From ID’s ‘Jared From Subway: Catching A Monster’
Rochelle Herman in the new documentary “Jared From Subway: Catching a Monster” on ID. 2022, Discovery, Inc. All Rights Reserved. “The story you are about to hear sounds crazy, but I can pr...
Investor concerns persist as crypto investment products see 4th week of outflows
On Mar. 6, European cryptocurrency investment firm CoinShares published its “Digital Asset Fund Flows Report,” which revealed that Investors have continued to display negative sentiment toward crypto ...
EOS price turns bullish following EVM launch
EOS blockchain recently announced plans to incentivize its developer community in anticipation of the launch of the Ethereum Virtual Machine (EVM), scheduled for next month. The price of EOS has incre...
Kraken To Launch Bank Amid Regulatory Crackdown
Amid the several downturns in the crypto market, including the Silvergate fallout and regulatory crackdown, the U.S.-based cryptocurrency exchange Kraken has unveiled its plans to launch a banking ins...
QNT Price Analysis: Is QNT price preparing for a pullback?
QNT price is preparing for a pullback on its ongoing uptrend from a price of 113.3 QNT price might take a correction of 9 percent within the upcoming days The QNT price has been trending on an uptrend...
Balance Your Portfolio With TRON (TRX), Orbeon Protocol (ORBN) and Decentraland (MANA)
If you’re looking to balance your cryptocurrency portfolio, then TRON (TRX), Orbeon Protocol (ORBN) and Decentraland (MANA) are a great place to start. Orbeon Protocol (ORBN), in particular, has shown...
Crypto Exchange Kraken To Launch New Crypto Bank in US Amid Regulatory Issue
US-based crypto exchange Kraken is still launching a new Wyoming-based crypto bank despite the U.S. Securities and Exchange Commission’s (SEC) recent banning of the exchange’s staking service. Kraken ...
Voyager Bankruptcy Judge Stops SEC From Punishing Executives
Voyager bankruptcy Judge Michael Wiles has blocked the U.S. Securities and Exchange Commission from punishing Voyager executives and bankruptcy advisers concerning a new crypto asset included in the f...
Crypto investment products saw $17M outflows last week
Ad Digital asset investment products saw minor outflows totaling $17 million from Feb. 27 to March 3, which marks the fourth consecutive week of outflows, according to CoinShares data. “Volumes across...
Coffeezilla rips Celsius Network scandal wide open
Coffeezilla provides his perspective on the recent allegations surrounding the Celsius Network, highlighting the potential legal and financial implications of the controversy. In the world of finance,...
RenQ Finance (RENQ), Cardano (ADA), and Polygon (MATIC)
To optimize portfolio returns, experts constantly recommend diversifying your holdings; adhering to this well-established rule is essential for every investor who wants to remain profitable over the s...
Former SEC Attorney Warns Binance Will Face “Inevitable” Bank Run
Alex Dovbnya Former SEC attorney John Reed Stark has warned that Binance, the world’s largest cryptocurrency exchange, could face an “epic bank run” due to its lack of US regulatory ...
US FED policy may tank bitcoin recovery
Federal Reserve chairman Jerome H. Powell is scheduled to participate in the open session, which is set to take place on March 7. As the market awaits the FED’s announcement on their plan for interest...