Quick Look
Bitcoin market cap flips tech giant Meta, widens gap on Visa
Despite a turbulent week for crypto following the downfall of Silicon Valley Bank (SVB) and Signature Bank, Bitcoin (BTC) market cap has...
HSBC Acquires Silicon Valley Bank UK — Sale Facilitated by Government, Bank of England
The British government and the central bank, the Bank of England, have facilitated a private sale of Silicon Valley Bank UK to HSBC,...
SD Governor Urges 20 States to Block Legislation That Bans Crypto’s Use as Money — Says ‘Its a Threat to Our Freedom’
South Dakota Governor Kristi Noem has vetoed a bill that bans the use of cryptocurrencies, including bitcoin, as money. The bill,...
Goldman Sachs Now Expects No Rate Hike in March Due to Stress in US Banking System
Goldman Sachs has revised its U.S. interest rate forecast due to “stress in the banking system.” The global investment bank no...
Robert Kiyosaki Warns of ‘Crash Landing Ahead’ as Bailouts Begin — Advises Buying More Bitcoin
The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, has reiterated his bitcoin, gold, and silver...
Bank Board Member and Dodd-Frank Co-Sponsor Barney Frank Suspects ‘Anti-Crypto’ Message Behind Signature Bank Failure
Barney Frank, a former member of the U.S. House of Representatives from Massachusetts and leading co-sponsor of the 2010 Dodd-Frank Act,...
Circle Partners With Cross River Bank, Handful of US ‘Crypto-Friendly’ Banks Remain; Okcoin Suspends USD Deposits
Circle Financial, the issuer of the stablecoin USDC, is partnering with Cross River Bank after its former settlement partner, Signature...
Stablecoin Trading Dominates Monday’s Crypto Market, Tether and BUSD Sell at Premiums
On Monday, the crypto economy experienced significant market activity with $183.85 billion in global trade volume over 24 hours, with a...
Bitcoin price flash spikes to $50K on Binance after USD Coin peg snaps
The panic caused due to USD Coin’s (USDC) depeg from the U.S. dollar manifested itself in a wrong order, costing traders $50,000 per...
11 classic memes that have been sold as NFTs
Nonfungible token (NFT) memes have brought mainstream attention to the world of NFTs and digital art, helping to expand the market and...
FIL jumps 24% as Filecoin community eyes major network upgrade
Filecoin’s native token FIL spiked 24% to around $6.44 on Monday. The launch of the Filecoin Virtual Machine (FVM), expected on 14...
Okcoin suspends USD deposits in wake of Signature Bank closure
According to a March 13 tweet by Okcoin CEO Hong Fang, the U.S. affiliate of cryptocurrency exchange OKX had no exposure to defunct U.S....
Price analysis 3/13: SPX, DXY, BTC, ETH, BNB, XRP, ADA, MATIC, DOGE, SOL
Three banks, Silvergate, Silicon Valley Bank and Signaturecollapsed within a span of a few days. That increased demand for United States...
Crypto volatility back to FTX levels, with $791 million of liquidations in 4 days as SVB collapse rocks market
Key Takeaways Crypto volatility is back up to levels last seen when FTX collapsed in November $791 million of liquidations rocked...
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...
All rise for the robot judge: AI and blockchain could transform the courtroom
Earlier this year, Joshua Browder, CEO of AI startup DoNotPay, attempted to bring a robot lawyer into a California courtroom, despite...
State caps or federal regulation: What’s next for political crypto donations
On Jan. 25, the Committee on Elections introduced a bill to the Kansas House of Representatives aimed at capping political donations via...
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...
US bank bloodbath: Bitcoin hits $23.7K as BTC price analyst calls SVB dip ‘bear trap’
Bitcoin (BTC) hit its highest since the start of the month on March 13 as U.S. bank stocks saw the largest mass halt in history. BTC/USD...
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)...
BinaryX Releases Trailer and Opens Beta Test For Futuristic Space Game Project Matthew
Singapore, Singapore, 13th March, 2023, Chainwire BinaryX announced today the upcoming release of a space-building simulation game,...
Bitcoin, Ethereum Technical Analysis: BTC Back Above $22,000 as Silicon Valley Bank Depositors Are Rescued
Bitcoin moved back above $22,000, as the U.S. Treasury moved to avert a regional banking crisis, following the collapse of Silicon Valley...
Privacy-focused blockchain network closes Aztec Connect tool
Privacy-oriented blockchain platform Aztec is preparing to shut down Aztec Connect, the network’s privacy infrastructure serving as the...
Binance Launches Prepaid Card in Colombia
Binance, the cryptocurrency exchange, has launched a prepaid cryptocurrency card in Colombia, expanding its reach in Latam. The card,...
Synthetix’s SNX price soars as Synth perps volume spikes
Synthetix has seen the volume of its perpetual futures jump. The network is gearing towards the launch of Synthetix V3. Synthetix...
FBI Warns About Cryptocurrency Theft Scams Using Play-to-Earn Games
The FBI has issued a public service announcement (PSA) warning on the utilization of play-to-earn games as part of a scheme to defraud...
Bloxmith Launches Raiders Rumble, a Mobile Strategy Game for Both Web2 and Web3 Gamers, on the Flow Blockchain
PRESS RELEASE. Taipei, March 13, 2023 – Bloxmith, the player-first Web3 gaming studio, today announced that the open beta for Raiders...
Bank of Russia Registers Another Digital Asset Issuer
The Central Bank of Russia has added another entity to its register of authorized issuers of digital financial assets. The platform,...
USDC Stablecoin Nears Parity With USD After Fed’s Bailout Announcement
The stablecoin USDC has nearly regained parity with the U.S. dollar after rising just above $0.99 on March 12, 2023, at 7:20 p.m. Eastern...
NY Regulators Seize Control of Signature Bank, Depositors Assured by Federal Bailout
On Sunday, the New York Department of Financial Services, or DFS, announced that it had taken possession of Signature Bank. The DFS...
Binance Trains Ukraine’s Cyberpolice and Security Service
Crypto exchange Binance has organized training courses for representatives of law enforcement authorities in Ukraine. The leading coin...
Silicon Valley Bank Failure Highlights Dangers of Fractional-Reserve Banking
After the failure of Silicon Valley Bank (SVB), a great deal of Americans are starting to realize the dangers of fractional-reserve...
Watch these 5 cryptocurrencies for a potential price rebound next week
Traders dumped risky assets following the crisis and failure of Silicon Valley Bank (SVB). The S&P 500 Index plunged 4.55% while...
Report: Silicon Valley Bank Under FDIC Auction as Calls for Bailout Grow
The U.S. Federal Deposit Insurance Corporation (FDIC) began an auction process for Silicon Valley Bank (SVB) late Saturday night,...
US Treasury Secretary Rules Out Government Bailout of Silicon Valley Bank
U.S. Treasury Secretary Janet Yellen has ruled out a government bailout of the collapsed Silicon Valley Bank (SVB), which was shut down by...
USDC Dominated Trading Volume on Decentralized Exchanges Amidst Depegging Incident
On Saturday, several centralized crypto trading platforms and payment processors stopped USDC auto conversions. However, USDC experienced...
Aave freezes stablecoin trading on v3 Avalanche as activity surges on CEXs
Lending protocol Aave has frozen stablecoins trading and set Loan-to-Value (LTV) ratio to zero in response to recent price volatility on...
How and why do stablecoins depeg?
Stablecoins are a type of cryptocurrency designed to have a stable value relative to a specific asset or a basket of assets, typically a...
Extreme Market Turbulence: Critics Call Warren’s Silvergate Take ‘Terribly Misinformed,’ SVB Collapses, Vitalik’s Token Sell-Off Moves Markets, and More — Week in Review
It’s been a turbulent week in finance with the so-called crypto-friendly Silvergate Bank announcing its liquidation, U.S. Senator...
South African Rand Plunges to New 2023 Low Versus the US Dollar
Just a few weeks after tapping its best exchange rate versus the greenback in 2023, the South African rand fell to a new 2023 low of...
Circle plans to cover missing liquidity in Silicon Valley Bank with corporate funds
USD Coin (USDC) issuer Circle plans to use “corporate resources” to cover the shortfall on its reserves following Silicon...
Silvergate Capital, SVB failures weigh on Bitcoin price
Bitcoin finds support at $20k Many cryptocurrency companies had exposure to SVB Bitcoin investors should keep an eye on the...
Revised Bill Suggests Prison Time for Russian Crypto Miners Evading Taxation
A draft law designed to regulate crypto mining in Russia introduces harsh penalties for miners failing to report digital assets to the...
Nigerian Central Bank Unveils Open Banking Guidelines
The Nigerian central bank recently said it had issued operational guidelines for open banking in Nigeria which are expected to enhance...
Cryptocurrency Turnover Growing in Russia, Watchdog Reports to Putin
Use of cryptocurrencies is increasing in Russia, the head of the country’s financial watchdog has informed President Putin. The...
Billionaire Warns of Imminent Bank Runs if Government Fails to Guarantee All SVB Deposits
Billionaire Bill Ackman has warned of “vast and profound” consequences of the U.S. government letting Silicon Valley Bank...
Rich Dad Poor Dad Author Robert Kiyosaki Warns Another Bank Is Set to Crash
The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, says that another bank is set to crash following the...
Circle Issues Update Amid Stablecoin Volatility; Firm Is Prepared to ‘Stand Behind USDC and Cover Any Shortfall’
On Saturday, March 11, 2023, Circle Financial updated the public about its stablecoin, USDC, and noted that the stablecoin’s...
Silicon Valley Bank down, USDC depegged, FTX billed $34M in Jan.: Hodler’s Digest, March 5-11
Top Stories This Week Silicon Valley Bank shut down by California regulator, holding over $5 billion for prominent crypto VCs Silicon...
How to host a decentralized website
Decentralized websites rely on decentralized networks rather than centralized servers to preserve and verify the data’s integrity....
Failed tech bank SVB held over $5B for prominent crypto VCs: Report
According to a report that began circulating on March 11 in the aftermath of the collapse of Silicon Valley Bank (SVB), prominent...
Bank of England Shuts Down Silicon Valley Bank’s UK Branch After US Regulators Close Parent Company
After U.S. regulators shut down Silicon Valley Bank (SVB) on Friday, the Bank of England has closed the company’s U.K.-based arm....
Aave freezes stablecoin trading on Avalanche V3 as activity surges on CEXs
Lending protocol Aave has frozen stablecoins trading and set Loan-to-Value (LTV) ratio to zero in response to recent price volatility on...
‘Fiat Is Fragile’ — Silicon Valley Bank’s Collapse Sparks Finger-Pointing and Concerns of Contagion
Silicon Valley Bank (SVB) has become the center of attention after its collapse prompted the U.S. Federal Deposit Insurance Corporation...
Makerdao Issues Emergency Proposal to Address $3.1B in USDC Collateral After Stablecoin Depegging Incident
On March 11, 2023, the decentralized finance project Makerdao issued an emergency proposal following the USDC depegging incident that saw...
Bitcoin price spikes to ‘$26K’ in USDC terms — How high can the BTC short squeeze go?
Bitcoin (BTC) refused to let $20,000 support die for good on March 11 as the weekend opened to a battle for lost ground. BTC/USD 1-hour...
Breaking: Circle discloses $3.3B tied up at Silicon Valley Bank
On March 10, Blockchain payment tech company and USD Coin (USDC) issuers Circle confirmed that wires initiated on Thursday to remove...
USDC Stablecoin Depegging Causes Concern Among Crypto Advocates, 5 Other Stablecoins Slip Below Parity
On Saturday, March 11, 2023, crypto advocates are concerned as a few stablecoin assets have depegged from their $1 parity. The...
USDC depegs as Circle confirms $3.3B stuck with Silicon Valley Bank
Almost immediately after USD Coin (USDC) issuer Circle revealed it could not withdraw $3.3 billion of its $40 billion reserves from...
Biggest Movers: SOL Rebounds From 2-Month Low to Start the Weekend
Solana rebounded from a two-month low to start the weekend, as bulls reentered the market to buy the recent dip. Overall, the global...
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....
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...
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...
Nigerian Banks Resume Dispensing Recently Demonetized Naira Banknotes
According to local reports, Nigerian financial institutions have begun abiding by a Supreme Court ruling that invalidated the Central Bank...
Ethereum Shanghai upgrade could benefit liquid staking providers and cement ETH’s layer-1 dominance
Ethereum’s upcoming Shanghai upgrade will allow users to withdraw staked Ether (ETH), increasing the network’s liquidity and...
USDC investor shells out $2M to receive $0.05 USDT trying to evade crash
Soon after Circle revealed that Silicon Valley Bank did not transfer $3.3 billion of its USD Coin (USDC) reserves, the market responded...
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...
Blockchain.com Shutters Asset Management Subsidiary Amid Crypto Winter and Industry Turmoil
According to reports and a filing that shows its name struck off the U.K. companies’ register list, Blockchain.com is sunsetting its...
India Brings Crypto Transactions Under Prevention of Money Laundering Act
India’s finance ministry has announced that crypto transactions will be covered under the Prevention of Money Laundering Act, 2002...
CFTC Chair Insists Ether Is a Commodity, Not a Security as Claimed by SEC Chairman
The chairman of the Commodity Futures Trading Commission (CFTC) has insisted that ether is a commodity, not a security as claimed by the...
Kazakhstan Shuts Down Crypto Exchange That Transferred $34 Million Through Binance
Authorities in Kazakhstan have busted an illegal crypto trading platform, seizing over $350,000. The exchange allegedly processed almost...
Bitcoin battles $20K as trader calls bank chaos ‘2008 all over again’
Bitcoin (BTC) struggled to reclaim $20,000 support at the March 10 Wall Street open as fears mounted over Silicon Valley Bank (SVB)...
Price analysis 3/10: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, SOL, DOT, SHIB
Bitcoin (BTC) led a sharp sell-off in the cryptocurrency markets on March 9 as the woes at Silvergate Bank and Silicon Valley Bank dented...
$920B is the number to watch now that crypto’s trillion dollar total market cap is gone
Big round numbers always pique the interest of investors and the $1 trillion total crypto market capitalization is no exception. It’s a...
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...
Binance Bans Russians From P2P Transactions With Dollars and Euros
Cryptocurrency exchange Binance has introduced new restrictions for Russian users, in accordance with the latest European sanctions. The...
Bitcoin Price Outlook for March
There are only ten days into March, and volatility in the crypto markets has heightened, with both bitcoin and ethereum falling to...
Signature Bank Considered a Buy as Last Major Bank Standing in Crypto Market Amid Silvergate and SVB Troubles
Amid the demise of Silvergate Bank and the troubles faced by Silicon Valley Bank (SVB), market analysts believe Signature Bank (SBNY) may...
US Regulators Close Silicon Valley Bank in One of the Largest Bank Failures Since Washington Mutual
After Silicon Valley Bank (SVB) experienced financial turmoil, the U.S. Federal Deposit Insurance Corporation (FDIC) and the California...
The Cryptocurrency Betting Revolution on Wintop․io
Since December 2022, Wintop.io has been strongly growing into the crypto world. A new vision of the betting industry, combining crypto and...
Biden Budget Proposal Targets Crypto Investors Using Like-Kind Exchange Provision; Plan Aims to Tax Crypto Miners 30%
On Thursday, the Biden administration released the U.S. president’s 182-page budget proposal for the fiscal year 2024, which aims to...
Biggest Movers: DOGE Down 10%, Falling to Lowest Point Since October
Dogecoin fell to its lowest level since October, as cryptocurrency prices plunged during Friday’s session. Overall, the global...
Dogecoin hits 4-month lows vs. Bitcoin — 50% DOGE price rebound now in play
Dogecoin (DOGE) pared some losses versus Bitcoin (BTC) on March 10, a day after the DOGE/BTC pair fell to its lowest level since October...
Ethereum price prediction: NYAG labels ETH a security in KuCoin lawsuit
Ethereum price prediction after markets dump on multiple negative news. The New York Attorney has sued KuCoin for selling unregistered...
Silicon Valley Bank Faces Financial Woes as Stock Is Halted, Sells $21 Billion Bond Portfolio at a $1.8 Billion Loss
On March 10, 2023, market observers are discussing the troubles Silicon Valley Bank (SVB) faces, as the firm’s stock slid more than...
US Fed to create new crypto team amid concerns about unregulated stablecoins
The United States Federal Reserve is set to create a “specialized team of experts” to keep up with developments in the cryptocurrency...
Rapper The Game’s crypto startup gets registration revoked
A crypto startup backed by the American rapper Jayceon Terrell Taylor, better known as “The Game,” had its registration revoked by the...
Coinbase still a buy for Cathie Wood: ARK buys its biggest batch of COIN in 2023
Amid Coinbase, which trades as COIN, tumbling about 8% on Thursday, Cathie Wood’s investment manager ARK Invest bought the biggest amount...
Bitcoin, Ethereum Technical Analysis: BTC Under $20,000 as ETH Sinks Below $1,400 on Friday
Bitcoin fell below the $20,000 level for the first time since January, as markets continued to react to the liquidation of Silvergate...
Crypto price predictions: Litecoin, Bitcoin Cash, Tron
Cryptocurrency prices plunged to their lowest level in months. This crash happened after the collapse of Silvergate Capital. Silicon...