Another bank is in crisis; Silicon Valley Bank (SVB) has followed a financial downturn amid Federal Reserve (Fed) Chairman Jerome Powell’s hawkish macroeconomic outlook and tightening policies to control inflation. With more than 40 years in the market, Silicon Valley…
Shortly after Circle announced that Silicon Valley Bank did not transfer $3.3 billion of USD Coin (USDC) reserves, the market responded with a sell-off – depegging the stablecoin from the US dollar. However, not all investors are lucky enough to…
The cryptocurrency market has reduced the value of Dogecoin (DOGE) as a lot of fear, uncertainty, and doubt crossed the market after the Silicon Valley Bank collapsed on Friday morning as a result of the bank run and the resulting…
Despite the recent crackdown by the US Securities and Exchange Commission (SEC) on staking services offered by centralized providers, Coinbase has reiterated to its customers that staking services will continue, and “may increase.” In a recent customer email, highlighted by…
The saga of the FTX exchange, its sister company Alameda Research, and its former CEO Sam Bankman-Fried continues to follow the bankruptcy process. So far, so many discovery, the request was deniedand sale of assets by these parties. The latest…
According to a recent bankruptcy filing, defunct crypto lender BlockFi has $227 million in uninsured funds allocated to a money market mutual fund (MMMF) offered by Silicon Valley Bank (SVB). SVB – one of the largest banks in the US…
many cryptocurrencies including Bitcoin are traded in deep losses today. At the time of writing, some of the top coins include XRP, MATIC, and BNB, all down more than 5% in 24 hours. While BTC recorded a loss of 7.88%…
On-chain data shows Bitcoin prices are now making a retest of realized prices, could they help push the value of the asset up and restart the rally? Bitcoin Is Now Retesting Realization Price Around $19,700 As analysts in the CryptoQuant…
Crypto enthusiasts and users are aware of the risks involved in investing in digital assets. Besides losing funds due to price crashes, investors can lose money through fraud, pump-and-dump schemes, exchange and protocol hacks, Ponzi schemeetc. Recently, many Latino investors…
The United States Securities and Exchange Commission (SEC) ordered a rule change to allow the investment manager VanEck to create a spot Bitcoin Trust on March 10. Commissioner Mark Uyeda joined his colleague Hester Peirce to release a statement criticizing…