Binance And Coinbase Temporarily Suspend USDC Conversion After Silicon Valley Bank Collapse
The two biggest cryptocurrency exchanges, Binance and Coinbase, have revealed that they would temporarily suspend USDC conversions on their platforms. This comes in the aftermath of the collapse of US lender Silicon Valley Bank and concerns about…
Long Queues Seen At Silicon Valley Bank-Owned Boston Private – A Bank Run?
Long queues have been observed at Boston Private, a banking service provider, that was recently acquired by Silicon Valley Bank (SVB). Bank Run At Boston Private Bank? According to Lawrence Lepard, an investment manager, Boston Private might be…
Management Software Can Help Bitcoin Miners Realize Their Energy Potential
With effective management software, bitcoin miners can take full advantage of the industry’s unique efficiencies and potential profits. This is an opinion editorial by Mitch Klee, an analyst at the mining management platform Foreman.After China…
Bitcoin, Ethereum Technical Analysis: BTC Above $20,000, ETH Beyond $1,400 on Saturday
Bitcoin rose back above $20,000 on Saturday, despite markets still being spooked by the collapse of yet another banking institution. Silicon Valley Bank was shut down by U.S. regulators on Friday, causing many institutions to lose access to…
BTC Proxy Is Live on BNB Chain and Interoperable With WBTC and BTCB
PRESS RELEASE. Leading DeFi protocol BTC PROXY today expanded support for the Binance BNB Chain as well as updating support on Ethereum and Polygon for their ($BTCpx) Bitcoin Proxy. Minting and bridging of BTCpx to the three networks goes live on…
Shiba Inu Outpaces Dogecoin With 23% Price Increase In 2023
Shiba Inu is winning the crypto meme coin race in 2023 with over 23% gains. The debate about the better meme coin, Shiba Inu or Dogecoin, is rife in the crypto industry. However, based on the market performance of the tokens this year, Shiba Inu…
South Korea Doubles Down on Metaverse, Announces $51 Million Investment in Related Projects
The Ministry of Science and ICT of South Korea has approved investments of $51 million in various metaverse projects, doubling down on its metaverse bet for the future. The investment includes a fund for supporting the growth of metaverse companies…
USDC Is In Trouble, But It Won’t Go To Zero Like UST Did – Here’s Why
USDC, the stablecoin tracing the USD, is under immense pressure as users rush to convert to other assets, including BUSD by Paxos and USDT by Tether Holdings. USDC Has De-pegged As USDC’s market cap rapidly shrinks, primarily because of mass…
According to local reports, Nigerian financial institutions have begun abiding by a Supreme Court ruling that invalidated the Central Bank of Nigeria (CBN)’s demonetization of the 1,000, 500 and 100-naira banknotes. According to the court…
USDC investor shells out $2M to receive $0.05 USDT trying to evade crash
While the crypto market responded with a massive sell-off, not all USDC investors were lucky enough to walk away with their funds amid the uncertainty.
Central Bank of Bolivia Selling Dollars Directly to Citizens as Devaluation Fears Rise
The Central Bank of Bolivia is now selling dollars directly to citizens in order to curb what it is calling a speculative attack that has increased the demand of the population for foreign currency. This rise in demand has been caused by several…
Sen. Warren calls out 'sham audits' while SVB threatens crypto bankruptcy
Contrasting her statements against crypto auditors, numerous members highlighted the ongoing collapse of Silicon Valley Bank (SVB), a Federal Deposit Insurance Corporation-insured bank.
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