Following the collapse of Silvergate bank – one of the two main banks providing financial services to crypto platforms – former clients began pivoting to competitor Signature, only for the latter to be seized by U.S. authorities, citing significant liquidity issues. Significant Crypto Exposure Faced with a public lack of trust in the banking sector,...Read More
Markets are starting to price in an incoming Fed pivot as bank instability forces central banks to protect the financial system.Analysis from CryptoQuant analyst Cristian Palusi suggests that the liquidity crises now plaguing commercial banks may be a “long-awaited buy signal” for Bitcoin. Banks Down, Bitcoin Up In a post published on Thursday, Palusci noted...Read More
The crypto market appears to have gained significant strength as the majority of the tokens have been witnessing a significant upswing in the past few days. However, altcoins like Cardano and Solana who are tough competitors within the DeFi and NFT space, are expected to recover from their losses soon. Cardano and Solana are among...Read More
BitMEX co-founder and crypto-essayist Arthur Hayes published a lengthy blog post on Thursday breaking down the Federal Reserve’s new program to protect the banking system – and what it means for Bitcoin. The initiative titled the “Bank Term Funding Program” is regarded by Hayes as a “repackaged” form of Yield Curve Control (YCC) that will...Read More
Twitter’s owner and one of the wealthiest people on the planet – Elon Musk – dropped a sarcastic tweet regarding Jim Cramer’s recent market predictions. The host of CNBC’s financial TV show – “Mad Money” – has given guidance to investors numerous times, but often that advice has turned wrong. A few days ago, he...Read More
Ryan Selkis – CEO of the crypto intelligence firm Messari – believes there will be more negative events in the financial world in the near future, including bank crashes. He sees bitcoin acting as “a life raft and peaceful exit option” amid the calamity, predicting its price could soar to $100,000 in the next twelve...Read More
Coinbase, America’s largest crypto exchange, is reportedly in talks to set up a new digital asset trading platform overseas that can offer access to global clients. The discussions, which remain confidential, have yet to establish a precise location for the global marketplace, three people familiar with the matter told Bloomberg. However, the exchange has already...Read More
On-chain analyst Lookonchain detected an address tied to the exploiter of the Ethereum-based lending protocol sent 100 Ether (approximately $171,700) to a wallet associated with Lazarus Group’s mammoth Ronin network hack. While it is still unclear if the Euler exploiter is affiliated with the North Korean state-sponsored cyber threat group linked to the North Korean...Read More
Crypto exchange OKX revealed experiencing an outage on March 17th due to intermittent issues with its servers. In an update, the company said its tech team is working to resolve the service disruption and announcing the start of market pre-open. Its tweet regarding the same read, “We are currently in cancel-only period. After which at...Read More
A group of well-known YouTubers is facing a class action lawsuit from FTX investors, who claim that the influencers hyped a supposedly fraudulent crypto exchange. In addition to promoting FTX, the content creators allegedly promoted the exchange’s yield-bearing accounts (YBAs), which the lawsuit claimed were unregistered securities. YouTubers Allegedly Promoted FTX’s Unregistered Securities The class...Read More
[PRESS RELEASE – Please Read Disclaimer] Coinplay, aleading platform for betting on European football, has announced the launch of its Euro Hat-Trick prize draw, offering fans the opportunity to win a share of $8,950 in USDT. The promotion is open to all users and involves betting on matches in the UEFA Champions League, UEFA Europa...Read More
After the crisis experienced by the traditional finance system due to the pandemic, cryptos were widely adopted and attracted many authorities. Since then, the space has been closely monitored in an attempt to bring it under control. While the crypto companies were under the radar, it appears that stablecoins may soon join the fray. As...Read More
Payment processing company Stripe announced signing agreements for a Series I fundraising of over $6.5 billion at a valuation of $50 billion. Andreessen Horowitz, Baillie Gifford, Founders Fund, General Catalyst, MSD Partners, and Thrive Capital will participate in the funding round alongside new investors such as GIC, Goldman Sachs Asset and Wealth Management, and Temasek....Read More
