There’s hardly ever a dull week in crypto, and this week was certainly no exception. Silvergate was back in the news as the crypto bank’s troubles finally saw its doors close amid reverberation...
News
Pantera, Paradigm, Andreessen Horowitz Might Be Affected by SVB Collapse: Data
Vladislav Sopov Chinese journalist and insider Colin Wu shared some SEC data that might shed light on who is (potentially) exposed to SVB Contents From a16z to USV: Who is affected by SVB drama? Are t...
SOL Rebounds From 2-Month Low to Start the Weekend – Market Updates Bitcoin News
Solana rebounded from a two-month low to start the weekend, as bulls reentered the market to buy the recent dip. Overall, the global crypto market cap is currently trading 1.8% higher, following a nea...
This Is The Biggest Fear CEF Investors Have In This Market
Hundred Dollar Bill Being Cut With a Scissor getty Plenty of CEF investors worry about dividend cuts. And for sure, they’re something to keep in mind. But CEFs are not the same as stocks. When we inve...
Coinbase reiterates ‘staking services will continue,’ despite SEC’s crackdown
Coinbase reiterated to customers that its staking services will continue, and may actually increase, despite SEC’s crackdown. The exchange explicitly stated that its users earn rewards from decentrali...
U.S. Department of Justice Appeals Court Decision Approving $1,300,000,000 Voyager Acquisition
The U.S. Department of Justice (DOJ) is appealing a recent court decision that approved Binance.US’ acquisition of embattled crypto lender Voyager Digital. In a new court filing, the DOJ is appealing ...
Ethereum layer-2 solutions may focus less on token incentives in the future
Layer-2 networks continue to gain momentum as the Ethereum ecosystem advances. For example, data from analytics provider Token Terminal found that layer-2 scaling solution Polygon had 313,457 daily ac...
Crypto Twitter labels Senator Warren ‘tone deaf’ on crypto audits amid SVB meltdown
Ad U.S. Senator Elizabeth Warren’s latest tweet about “sham crypto audits” and holding auditors “accountable” has caused a furor among the Twitter crypto community. The community said the tweet was Wa...
Will MakerDAO’s New Change Save DAI From Becoming Another UST?
In the midst of the chaos that is presently plaguing the crypto market for the past twenty-four hours — with USDC depegging from its $1 value to rising concerns over the extent to which it can affect ...
USDC and stablecoins make US bonds market fragile
In the recent Unchained Podcast, “the block ghost of BitMEX”, Arthur Hayes said fiat-backed stablecoins like the USDC, USDT, and others pose a risk to the bonds market, and this is the primary concern...
XRP Lawyer Backs Ethereum Over Security Claims
XRP News: The latest lawsuit against the KuCoin crypto exchange has spiked the uncertainty around Ethereum (ETH), world’s second largest crypto, nature. However, Attorney fighting for XRP holders in t...
Circle’s USDC Redemptions Reaches $2.5B, Exchange Inflow $7B
USDC Redemptions. Source: CryptoQuant Moreover, Ki Young Ju believes the USDC situation is completely different from the TerraUSD (UST) collapse. The Luna Foundation Guard sent billions in BTC to cryp...
Elon Musk says he’ll buy Silicon Valley and create a digital bank – Cryptopolitan
Elon Musk has always been an entrepreneur who thinks outside the box, and he recently surprised the tech and banking industries by announcing his interest in buying Silicon Valley Bank (SVB) to create...
DeFi Platform Maker DAO Takes Swift Action to Address $3.1B USDC Risk with Emergency Proposal
The crypto market has again met with another stablecoin collapse after UST as investors are rushing to withdraw their funds. Circle, the issuer of USD Coin (USDC), today announced that it faced challe...
Brevan Howard Acquires Dragonfly Capital’s Crypto Fund
Brevan Howard Asset Management has taken over a digital asset fund run by Dragonfly Capital. The takeover signals Brevan Howard’s push into the digital asset space. The new crypto fund will operate un...
$CRM Stock Price Decline as Salesforce Announces More Layoffs
CRM stock price followed a bearish pattern after the company cut hundreds of sales and marketing jobs. Salesforce Inc (NYSE:CRM) is a cloud-based software company which designs and develops cloud-base...
Web3 Startup Helps Indonesia’s Tourism Economy Survive
Linda Adami, founder of Web3 and NFT startup Quantum Temple, is on a mission to preserve and promote cultural heritage through technologies based on an immutable ledger. Through her startup, the 30-so...
SVB shut down, Powell has to decide between a new financial crisis or raising inflation target
Ad TLDR At the upcoming Federal Open Market Committee (FOMC) meeting on March 22, a 25 basis point rate hike is the favored probability. A terminal fed funds rate of 5.50% with a 25bps cut at the end ...
Nigerian Banks Resume Dispensing Recently Demonetized Naira Banknotes
– Advertisement – According to local reports, Nigerian financial institutions have begun abiding by a Supreme Court ruling that invalidated the Central Bank of Nigeria (CBN)’s demonetizati...
Bitcoin (BTC), Ethereum (ETH), and Web 3.0 Asset Backed HedgeUp (HDUP)
The popularity of crypto continues apace with more ‘everyday investors’ – many complete novices – enjoying the benefits and rewards. And while Bitcoin may have heralded the start of disruptive, decent...
United States lawmakers call for accountability from crypto auditors
U.S. Senators Elizabeth Warren and Ron Wyden are calling for more accountability from crypto auditors. The lawmakers are alleging that the sham audits by crypto auditors are responsible for the ongoin...
Solana (SOL) Doesn’t Have Any Long-Term Value, Cyber Capital CIO Claims
Justin Bons, Cyber Capital founder and CIO, has taken to Twitter to voice his latest criticism of the Solana blockchain. Bons says he does not see the point of Solana’s blockchain in the long te...
Bitcoin Fear and Greed Index Drops to 2-Month Low
The cryptocurrency industry experienced its own set of failures last year when numerous internal companies and projects imploded, resulting in declining prices, countless bankruptcy filings, and, some...
SOL gains positive momentum at $17.52 – Cryptopolitan
Solana price analysis for March 11, 2023, reveals the market following a partial bullish movement; moreover, Solana has obtained massive negative momentum, signifying a decline for the SOL market. Sol...
Missed Out On (DOGE) Or (SHIB)? Join the Crypto Elite With HedgeUp (HDUP) Presale
Advertisement     The popular meme coins, Dogecoin (DOGE) and Shiba Inu (SHIB), initially sold tokens at affordable prices and offered terrific returns. However, infus...
The Young Entrepreneurs And Scientists Working To Save The Planet
This week’s Current Climate, which every Saturday brings you the latest news about the business of sustainability. Sign up to get it in your inbox every week. Alisha Fredriksson GUERIN BLASK FOR FORBE...
Cardano [ADA] inflicted a bullish breakout- Are short-sellers subdued?
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion ADA formed a descending channel pattern since mid-...
USDC’s situation is very different from UST’s – Here is a closer look – Cryptopolitan
The stablecoin world is once again facing uncertainty as the world’s second-largest stablecoin, USD Coin (USDC), faces a potential black swan event that could lead to the collapse of the entire stable...
Maker DAO files emergency proposal addressing 3.1B USDC exposure
According to a forum post from Maker DAO, issuer of the U.S. dollar-pegged DAI stablecoin, on Mar. 11, the firm requested an “urgent executive proposal to mitigate risks to the protocol.” ...