BlockFi in no immediate danger, despite Silicon Valley Bank exposure: Report
Christine Okike, a lawyer representing BlockFi at its bankruptcy hearing claimed that BlockFi is not in immediate danger and has sufficient funds to continue operating normally.
Bank Stocks Crash As Bitcoin Soars 17% Above $24,000
The cryptocurrency market is volatile, and this week has been no exception. Yet, the financial sector has been more volatile recently, with bank stocks taking a big hit and Bitcoin (BTC) bouncing 17% above crucial resistance lines. As of March 13…
US regulators shut down Signature Bank despite ‘no insolvency’: Report
“Regulators wanted to send a very strong anti-crypto message,” said former House of Representatives member and Signature Bank board member Barney Frank.
How MakerDAO Intervened, Saving DAI From Depegging
MakerDAO, the protocol behind the decentralized stablecoin DAI, intervened and saved its stablecoin from de-pegging following the collapse of Silicon Valley Bank (SVB). The failure of the tech lender significantly affected Circle’s…
Bitcoin Thrives: What’s Behind BTC Bounce To $24,000? This Analyst Says
In the financial crisis that has engulfed the U.S. banking system and the global economy, Bitcoin (BTC) thrived over the weekend. The cryptocurrency surpassed the $23,000 level and seems poised to take by storm the lost territory at $25,000. After…
Bitcoin Sharks & Whales Accumulated $821.5 Million During Dip: Santiment
On-chain data from Santiment shows Bitcoin sharks and whales accumulated around $821.5 million in the asset during the recent dip in the price. Bitcoin Sharks And Whales Have Added 40,557 BTC To Their Holdings Recently As per data from the on-chain…
Binance Converts $1 Billion BUSD Into Bitcoin, BNB, and Ethereum
On Monday, Binance CEO Changpeng Zhao, also known as CZ, announced that the company had decided to convert $1 billion worth of BUSD from the Industry Recovery Initiative fund into three different cryptocurrencies. Zhao noted that significant…
Hayden Adams, the founder of Uniswap, is convinced that banks are “massive scams” compared to decentralized finance (DeFi) protocols. Hayden Adams Thinks Banks Are Scams In a recent tweet, Adams criticized banks’ low collateral…
As Banking Collapses Erode Trust, Bitcoin Fixes Moral Hazard
As the underlying issues in our economy are exposed by recent banking failures, Bitcoin stands as a trustless, alternative money.This is an opinion editorial by Mickey Koss, a West Point graduate with a degree in economics. He spent four years in…
Calm Before The Storm? 7,000% ROI Bitcoin Signal Resurfaces
Bitcoin price gained more than 20% since last Friday, when the top cryptocurrency by market cap retested $20,000, briefly falling below the level. The calm before the storm might be starting to break, with BTC about to unleash a powerful rally…
Cardano (ADA) Rallies 8% In The Last Day, What’s Next?
One of Ethereum’s strongest competitors, Cardano (ADA), is among the top-gaining coins today, with an 8% price increase on the last day. This comes after several days of a bearish slump in prices across the market, causing ADA to lose most of its…
Bitcoin Surges Past $24,000 As U.S. Sees Major Banks Fail
The bitcoin price rocketing to $24,000 amidst the banking crisis is reflecting the world’s need for a sound money alternative.Bitcoin remained resilient in the face of a very hesitant market Monday morning, surging past $24,000. Despite fears that…
Biggest Movers: LTC, ETC 15% Higher, as Crypto Markets Rebound on Monday
Litecoin was back in the green on March 13, as cryptocurrency markets rebounded to start the week. The token rose by as much as 15% in today’s session, with the global crypto market cap trading nearly 10% higher. Ethereum classic also moved…
Bitcoin (BTC) Surges Above $24,000 Amid US Bank Crash
They say nothing is impossible in the crypto market and according to Bitcoin’s (BTC) latest price action, that saying might not be false as the top crypto has just climbed above $24,000 despite the ongoing US bank crash saga. Over the past 24…
LDO Leads Top Cryptocurrencies, Rises 20% In The Last Day
The crypto market has been painted green today, with many cryptocurrencies trading at massive 24-hour gains. It appears that last week’s bears have given way to the bulls. But as analyst McGlone predicted, the February CPI data release will…
Bitcoin Bulls Gain Strength, But Is The Fed Really Forced To Pivot?
According to a tweet today from Arthur Hayes, co-founder of BitMEX, Bitcoin and the broader crypto market are poised for a new bull run in the face of the brewing banking crisis. But there are some question marks behind the assertion. Will the Fed…
FDIC Creates Bridge Banks for Failed Silicon Valley Bank and Signature Bank Clients to Access Funds
The U.S. Federal Deposit Insurance Corporation (FDIC) has announced that clients of Silicon Valley Bank (SVB) and Signature Bank (SBNY) can access their funds during normal banking hours on Monday, March 13, 2023. The FDIC stated that both…
Crypto industry may escape lasting damage from Silvergate liquidation
Some foresee benefits if the U.S. finally gets sensible crypto regulation post-Silvergate, and traditional banks “may become warmer to establishing [crypto] relationships.”
Bitcoin Breaks Above $22,000 As Whales Show Buying Activity On Coinbase
Bitcoin has broken above $22,000 again as on-chain data shows signs that whales have been buying BTC on Coinbase recently. Bitcoin Coinbase Premium Gap Has Been Highly Positive Recently As pointed out by an analyst in a CryptoQuant post, the…
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