Bitcoin is seeing its best three-day performance since October 2019, as the collapse of three U.S. banks in a week fueled some investors’ hope that the Federal Reserve may have to take a less aggressi...
Tag: Collapses
Bitcoin Soars Above $26,000 on Bank Collapses – Trustnodes
Bitcoin has risen above $26,000 for the first time in nine months since the Luna collapse in June sent its price diving from $32,000. That $32,000 might now be the new resistance in due course after w...
Bitcoin surpasses $24k despite the recent bank collapses
Bitcoin (BTC) surged almost 10% in the recent 24 hours, crossing a critical threshold of $24,000. The move comes as the US president has addressed the bank system’s stability. The latest series of ban...
Bank Crisis and Collapses Lead to Spikes in DEX & CEX Tokens
Investors are flocking to crypto alternatives following the banking crisis, involving banks such as Silicon Valley Bank, Signature Bank, and Silvergate. The financial turmoil from the closure of sever...
BTC, ETH backtrack losses- Is crypto rout from U.S. bank collapses truly over
U.S. regulators offer a bailout to customers affected by SVB and Signature bank collapses. Will there be alternatives to these crypto-friendly banks and their payment systems to provide liquidity? Bit...
President Biden Calls for Stronger Bank Regulations in Wake of SVB, Signature Bank Collapses
“We must get the full accounting of what happened and why those responsible can be held accountable,” Biden said. “In my administration, no one – no one is above the law. And finally, we must reduce t...
Biden reassures Americans that banking system is safe in wake of collapses
Policy • March 13, 2023, 9:40AM EDT U.S. President Joe Biden assured American citizens that the banking system is safe following the collapses of Signature Bank and Silicon Valley Bank. “Americ...
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 ...
Critics Call Warren’s Silvergate Take ‘Terribly Misinformed,’ SVB Collapses, Vitalik’s Token Sell-Off Moves Markets, and More — Week in Review – The Weekly Bitcoin News
It’s been a turbulent week in finance with the so-called crypto-friendly Silvergate Bank announcing its liquidation, U.S. Senator Elizabeth Warren blaming the event on “crypto risk,” and individuals o...
Here’s What To Expect for Crypto As Silvergate Bank Collapses, According to Ava Labs President John Wu
Ava Labs president John Wu is warning that the crypto industry will be adversely affected by the elimination of onramps into the crypto ecosystem. Asked by Bloomberg’s Caroline Hyde to comment on Silv...
Main Worrisome Events That Led Global Crypto Market Cap Collapses Below $1T
The last time the global market capitalization for cryptocurrencies traded below the $1 trillion mark was late January. The global crypto market capitalization has slipped below the $1 trillion mark f...
USDC Stablecoin and Crypto Market Go Haywire After Silicon Valley Bank Collapses
Crypto was born in the aftermath of – and, to some, in response to – the 2008 crisis. Satoshi Nakamoto’s Bitcoin paper debuted into a world where governments had just propped up the financial sy...
Crypto funding shifts from CeFi to DeFi after major collapses: Finance Redefined
Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week. DeFi has become a pro...
HAVOC ALL AROUND! Silvergate collapses; Chinese data may boost Bitcoin prices; Dogetti presales skyrocket – What does this week mean for the crypto industry?
The crypto industry took a severe hit because of the FTX fiasco. The market was only gaining back momentum when Silvergate threw another blow—or got blown. Both directives work in this case. If China’...
89% still trust centralized custodians despite 2022’s collapses: Survey
American crypto users haven’t lost their trust in “intermediaries” to hold their crypto, with a January survey from Paxos suggesting a majority of United States crypto hodlers still trust banks, excha...
GBTC Discount Collapses Due to Grayscale’s Unexpected Court Success
Alex Dovbnya The Grayscale Bitcoin Trust (GBTC) discount collapsed in value after oral arguments presented in federal court on Tuesday appeared to side with Grayscale in their legal fight against the ...
Stock price of Coinbase collapses
Shares of crypto exchange Coinbase lose nearly 9% on the stock market, recording one of the worst performances among loss-making stocks. DowJones starts the week climbing after a day marked by high vo...
Signature can ‘thread the needle’ on cutting crypto as Silvergate collapses: JPMorgan
As crypto-exposed bank Silvergate Capital (SI) faces financial and regulatory concerns that have raised questions about its long-term viability, analysts at JPMorgan maintained optimism about shares o...
Crypto Funding Turns from CeFi to DeFi Following Major Collapses
According to the report, the numbers prove that Decentralized Finance is the new high-development and growth area for the crypto space. The report also suggested that a dip in Centralized funding proj...
Crypto funding seen shifting from CeFi to DeFi after major collapses: CoinGecko
Digital asset investment firms poured $2.7 billion into decentralized finance (DeFi) projects in 2022, up 190% from 2021 as investments into centralized finance (CeFi) projects went the other way — fa...
DCG records over $1b loss in 2022 amid crypto collapses
Digital Currency Group (DCG), a venture capital conglomerate with subsidiaries including Genesis and crypto news publication Coindesk, recorded over $1 billion loss in 2022, majorly as a result of Thr...
Nigeria naira (USD/NGN) collapses amid multiple headwinds
The Nigerian naira collapse is still underway amid an ongoing scarcity, fuel shortage, and worries of next week’s general election. The USD/NGN exchange rate was trading at a record high of 460 on Fri...
Regulators Failed to Address Crypto Collapses, Now They’re Going After ‘On-Ramps’
In a later interview with CoinDesk Campbell said while unintentional, “I think the problem is that it is the world [federal regulators] have created, and it’s important to surface that poi...
Bitcoin Collapses, But Regains Strength Above $22,600 Support
Feb 06, 2023 at 11:08 // Price Bitcoin (BTC) price is bearish after being rejected at $24,240. Bitcoin price long-term forecast: bullish Buyers had previously pushed Bitcoin above $24,000, but w...
How Adani Selloff Stacks Up Against the Biggest Stock Collapses
(Bloomberg) — The magnitude of the plunge in stocks tied to Indian billionaire Gautam Adani is rivaled by only a handful of short-seller campaigns in history. Most Read from Bloomberg Chief amon...
Leopard 2 Tanks From All Over Europe Are Heading To Ukraine As German Resistance Collapses
Polish army Leopard 2s. Wikimedia Commons Germany on Tuesday not only signed off on Poland’s request to export to Ukraine German-made Leopard 2 tanks—Berlin also will donate its own small batch of the...
Porsche NFT collection floor price collapses post-launch
Porsche’s NFT collection fell below its 0.911 Ethereum (ETH) — roughly $1,500 — mint price to 0.88 ETH ($1440) a few hours after its launch on Jan. 23, according to OpenSea data. The iconic carmaker d...
“More Meltdowns To Zeros” – Kevin O’Leary Warns, Expects More FTX-like Collapses ⋆ ZyCrypto
Advertisement     Kevin O’Leary has expressed concerns about the possible bankruptcy of unregulated exchanges following the collapse of FTX. He cited the current massi...
Tesla Stock-Price Rout Overshadows Rivian, Lucid Collapses
(Bloomberg) — While Tesla Inc.’s epic stock-price collapse dominated headlines over the past year, for some smaller electric-vehicle companies the rout has been even worse, a sign that investors...
If a stablecoin collapses, the US bond market and the economy will suffer
In 2022, the crypto industry saw nearly $1.4 trillion lost in collapses. Stablecoin shares a $145 billion market cap. A collapse would affect the non-crypto market due to its pegging system. Every fi...