Big Bitcoin investors appear unfazed in their accumulation despite the recent Bitcoin drop to below $20,000 that drove markets lower. According to Whale Alert, up to 6,000 BTC were sent in two transac...
Tag: Bitcoin
SD Governor Urges 20 States to Block Legislation That Bans Crypto’s Use as Money — Says ‘Its a Threat to Our Freedom’ – Featured Bitcoin News
South Dakota Governor Kristi Noem has vetoed a bill that bans the use of cryptocurrencies, including bitcoin, as money. The bill, masquerading as a Universal Commercial Code (UCC) guidelines update, a...
Bitcoin Takes The Lead As Banks Fail to Deliver on Investors’ Trust
The world’s largest cryptocurrency was solely designed with the purpose that when traditional financial institutions fail to serve global citizens, Bitcoin will work as a hedge. Rising up to the occas...
Is Bitcoin Safer Than a Bank Savings Account?
The recent failures of FTX, Silvergate, and now Silicon Valley Bank have sent shockwaves through the banking industry, causing even the most conservative of investors to question the safety of their m...
Goldman Sachs Now Expects No Rate Hike in March Due to Stress in US Banking System – Economics Bitcoin News
Goldman Sachs has revised its U.S. interest rate forecast due to “stress in the banking system.” The global investment bank no longer expects the Federal Reserve to raise interest rates at its Federal...
Fed rate expectations flip as US inflation data may take backseat to banking tumult
Crypto prices soared throughout the day as the turmoil in U.S. regional banking continued and interest rate hike expectations were recalibrated. The target rate probability of no increase next ...
Bitcoin Price EXPLODES as US Banks risks liquidity crunch…BTC 30K?
The Bitcoin price has risen above the $24,000 mark again. After the heavy losses and the drop below $20,000, the cryptocurrency recovered in record time from the bank shock of the past few days. Since...
Bitcoin Whales Move $865,000,000 in BTC As Markets Fly – Here’s Where the Crypto Is Now
Some of the biggest Bitcoin whales in existence are moving around hundreds of millions of dollars worth of BTC as crypto markets rally to start the week. Spotted by blockchain tracking service Whale A...
Circle Partners With Cross River Bank, Handful of US ‘Crypto-Friendly’ Banks Remain; Okcoin Suspends USD Deposits – Bitcoin News
Circle Financial, the issuer of the stablecoin USDC, is partnering with Cross River Bank after its former settlement partner, Signature Bank, was closed by New York regulators, according to a statemen...
Bitcoin surges past $24,000 on CME launch of BTC event contracts
On Mar. 13, American derivatives marketplace CME announced the launch of Bitcoin (BTC) futures event contracts. The exchange, which is fully regulated and has cleared administrative review, will hence...
Bitcoin soars as Silicon Valley Bank depositors get a regulatory lifeline
BTC’s price jumps by almost 10% in the last 24 hours. This is due to the decision by U.S. regulators to protect all customer deposits at failed Silicon Valley Bank (SIVB). Following the decision by th...
The Block: Bitcoin mining report: March 13
Bitcoin mining stocks tracked by The Block were mostly higher on Monday, with 18 gaining and one declining. Bitcoin rose 15.1% to $24,230 by market close. © 2023 The Block Crypto, Inc. All...
Bitcoin futures premium falls to lowest level in a year, triggering traders’ alerts
The price of Bitcoin (BTC) increased by 14.4% between March 12-13 after it was confirmed that financial regulators had rescued depositors in the failing Silicon Valley Bank (SVB). The intraday high of...
Bitcoin (BTC) Comes Close to Hitting $25,000. Here’s Why
Alex Dovbnya #Bitcoin has surged to almost $25,000 on the Bitstamp exchange today, experiencing a 20% rise since Friday’s lows Bitcoin (BTC) saw a significant climb, nearly hitting $25,000 on th...
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...
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...
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...
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...
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 $1 billion funds in its Industry Recovery Initiative to native crypto. The native cry...
Cryptocurrency Community Debates Fallout from Closure of Major American Banks
The closure of three major American banks that serve cryptocurrency firms has sent shockwaves through the broader cryptocurrency community. Silicon Valley Bank (SVB), which has traditionally served st...
Ault Alliance Subsidiary Achieves Bitcoin Mining Production Milestone of 1,000 Bitcoin Mined to Date at Its Michigan Data Center
LAS VEGAS–(BUSINESS WIRE)–$AP #1000_Bitcoin_Mined—Ault Alliance, Inc. (NYSE American: AULT), a diversified holding company (“Ault Alliance” or the “Company”) is pleased to announce a significant miles...
Euler Finance Suffers Flash Loan Attack, Loses Millions in Multiple Cryptocurrencies
On March 13, 2023, Euler Finance, an Ethereum-based noncustodial lending protocol, became the victim of a flash loan attack. The attacker managed to steal millions in various cryptocurrencies, includi...
Privacy blockchain platform Aztec to shut down Aztec Connect
Privacy blockchain platform Aztec has announced that it will be shutting down Aztec Connect, the network’s privacy infrastructure that acts as the encryption layer for Ethereum. The network was ...
Bank Stocks Implode, Bitcoin (BTC) and Ethereum (ETH) Soar As Fed Faces Rate Hike Decision
Crypto markets are flying as banks and traditional finance stocks get hammered by investors grappling with the collapse of several large banking institutions. As a new trading week begins, bank stocks...
Circle Partners with Cross River Bank for USDC Production and Redemption
Circle, a leading global crypto finance company, has announced that it has partnered with Cross River Bank for producing and redeeming USD Coin (USDC), its flagship stablecoin pegged to the US dollar....
Bitcoin Bull Market on the Horizon According to Kiyosaki and Hayes
Robert Kiyosaki – an American businessman, investor, and motivational speaker better known as the author of the bestseller “Rich Dad, Poor Dad” – thinks the current crisis in the banking sector will i...
Rise of Bitcoin ATMs: A Convenient Door of Accessing Crypto
Bitcoin, the world’s most popular cryptocurrency, has seen a surge in demand over the past few years. Easy ways to buy and sell digital currency are becoming more and more necessary as more people ado...