Bitcoin price hits $27K in new 9-month high as Fed injects $300B
Bitcoin bulls attempt to break higher as Fed liquidity upends quantitative tightening in place since 2021.
Posts published on March 17, 2023 go to media archive 3/4
Bitcoin Is Now Directly Correlated With The US Dollar
In the ongoing banking crisis in the United States, the US Dollar (USD) appears to correlate directly with Bitcoin. Bitcoin Positively Correlates With USD According to Kaiko, a digital assets market provider, Bitcoin, the most valuable…
US Bank Outflows and Concerns Mount: 11 Banks Bail Out First Republic Bank From Collapse
After the fall of Silvergate Bank, Silicon Valley Bank (SVB), and Signature Bank (SNBY), First Republic Bank, a commercial bank and wealth management services provider, is the latest financial institution to receive a bailout. Close to a dozen…
AI set to benefit from blockchain-based data infrastructure
Several data infrastructure and intelligence use cases take a decentralized approach to provide AI functionalities.
Bitcoin Officially Back From The Dead As Price Moves Above “Death Cross”
Bitcoin has died over 473 times according to media headlines, yet it always rises from the grave and rallies onward. A resurrection of the crypto market could be happening right now, as Bitcoin price has reclaimed the dreaded “death…
BitGo patches critical vulnerability first discovered by Fireblocks
BitGo has patched a vulnerability that threatened to expose the private keys of retail and institutional users.
Stacks (STX) Reclaims $1 As First DeGods Ordinal NFT Mints For 3.2 BTC
Stacks (STX) has resumed its rally once more as Bitcoin Ordinals make their way to the mainstream. This time around, it is as a result of DeGods, the largest NFT collection on the Solana blockchain (which subsequently moved to Polygon), announcing…
Bitcoin, Ethereum Technical Analysis: BTC Hits $27,000, Securing Fresh 9-Month High
Bitcoin moved to a fresh nine-month high on Friday, as prices moved above the $27,000 level. The surge comes following the U.S. Federal Reserve’s decision to backstop embattled banks to a record tune of $152.9 billion. Ethereum was also in…
University students reveal new Web3 solutions at ETHDenver 2023
Students showcased new Web3 solutions focused on enabling better user experience, privacy and security at ETHDenver 2023.
Crypto Derivatives Protocol Volmex Finance's Bitcoin and Ether Volatility Charts Now Live on TradingView
Integration with TradingView promises global exposure to Volmex's implied volatility indices for bitcoin and ether.
Here’s how ChatGPT-4 spends $100 in crypto trading
GPT-4 version of OpenAI's ChatGPT conversational AI was released on March 14, and is said to be much more powerful than the previous version.
Silicon Valley Bank's Former Parent Company Files for Bankruptcy
The company said on Friday it had filed for court-supervised reorganization in the United States Bankruptcy Court for the Southern District of New York to preserve value.
Ethereum Maintains Bullish Form As Developer Confirms Date For Shanghai Upgrade
Following the market bounce this week, Ethereum (ETH) has been one of the most profitable tokens with better market performances than most altcoins, including Cardano(ADA), Dogecoin (DOGE), and Solana (SOL). The second-largest cryptocurrency by…
Breaking: SVB Financial Group files for Chapter 11 bankruptcy
SVB Financial Group, the former umbrella entity of Silicon Valley Bank, has filed for Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the Southern District of New York to "preserve value."
US Bank collapse — Was crypto being targeted?
The latest episode of Decentralize with Cointelegraph unpacks whether U.S. regulators are targeting the crypto ecosystem through closure of SVB and Signature Bank.
First Mover Americas: Bitcoin Busts Through $26K
The latest price moves in bitcoin (BTC) and crypto markets in context for March 17, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
On-Chain Data Reveals How Trading Firms Worked the USDC Stablecoin Repeg
Trading firms were quick to jump on the USDC long trade over the weekend as the stablecoin slumped to $0.88 amid banking concerns in the U.S.
Cardano Blockchain Releases Update to Enhance Network Communication
The new version of nodes is designed to ensure network uptime and stability and improve overall network resilience.
74% Of Bitcoin Holders Are In The Money As Price Explodes Above $26,000
IntoTheBlock data on March 17 shows that 74% of Bitcoin holders are in the money at spot prices. 23% are out of the money, meaning they are holding to losing positions. When writing, only 4% are at break even, at parity with when they bought their…
Africa-Focused Venture Capital Firm Echovc Launches Blockchain Fund
The Africa-focused venture capital (VC) firm, Echovc, has launched a fund that seeks to support blockchain startups on the continent. While global blockchain funding has been on a decline over the past year, Echovc founder Eghosa Omoigui claimed…
Former Belgian Finance Minister Calls for Crypto Ban in Wake of Banking Crisis
Johan van Overtveldt, economic spokesperson for the right-wing ECR political party in the European Parliament, compared crypto to drugs.
Dubai to Abu Dhabi: How NFTs are used in the UAE
Cointelegraph went to an EDM concert and spoke to projects at the recent AIBC Dubai event to see how nonfungible tokens are used in the United Arab Emirates.
Bitcoin Blasts Past $26,500, Gearing Up For Another Bullish Weekend
The Bitcoin price has once again risen above $26,000, responding to the extremely bullish macro environment. If the rally continues and a breakout above the current key resistance on the daily chart is confirmed, the Bitcoin price could be in for a…
Genesis Requests Timetable for Sale, Creditor Claims
The company wants to sell off its business after filing for bankruptcy on Jan. 19.
Bitcoin Is Benefiting From Crypto’s Flight to Quality: Matrixport
Investors are shifting into bitcoin from stablecoins as well as more volatile cryptocurrencies, the report said.
Crypto Speculators Betting on ‘No Airdrop’ for Arbitrum Lose 95%
Claims of “no airdrop” on a popular prediction market fell steeply in a single day after Arbitrum confirmed its airdrop on Thursday.
Post-Merge Ethereum: Grayscale extends review of ETHPoW decision
Grayscale will take 180 days at max to decide whether, when and in what manner to sell ETHPoW on behalf of the record date shareholders.
Crypto assets to become a separate category in the UK tax forms
The recent national budget, published by His Majesty's Treasury, announces the amendment of the self-assessment forms for crypto assets.
The US Fed adds $297 Billion In A Week, Fanning Bitcoin Rally
The total amount of assets held by United States Federal Reserve (Fed) banks is up 3.56% in the past week, rising to $8.639 trillion from $8.342 trillion, trackers on March 17 show. Fed Injected $297 Billion Into The Market Last Week With the Fed…
International Operation Takes Down Crypto Mixer Chipmixer — Creator Could Face 40 Years in Prison
An international operation has taken down Chipmixer, a cryptocurrency mixing service that allegedly laundered more than $3 billion worth of cryptocurrency, according to the U.S. Department of Justice (DOJ). The operation involved national…