Deep Dive into Arbitrum
• Designed to improve the scalability plus efficiency of the Ethereum network by creating a secondary network known as a sidechain which operates alongside with the main Ethereum blockchain
Silicon Valley Bank Acquired by First Citizen Bank
Latest update have emerged that the crypto friendly Silicon Valley Bank (SVB) worth $40 billion a year ago has been acquired for $500 million at a 99% discount.
First Citizen Banks BankShares the holding company of First Citizen Bank was in advanced talks as it edged closer to acquiring SVB from the Federal Deposit Insurance Corp (FDIC) on Monday.
First Citizen Banks BankShares the holding company of First Citizen Bank was in advanced talks as it edged closer to acquiring SVB from the Federal Deposit Insurance Corp (FDIC) on Monday.
U.S. SEC Probes Crypto Exchange
Wells Notice from the U.S. Securities and Exchange Commission has been served to Coinbase Global Inc on March 22. The notice suggests enforcement action against the cryptocurrency exchange as the US watchdog continues to push regulation through enforcement action.
Bitcoin Eyes Up to $35,000
The crypto market strong sentiment has been the driving force for Bitcoin holding above $28,000. Investors are already anticipating Bitcoin to hit $30,000 after the Fed monetary policies due to the ongoing banking crisis.
With volatility amid the U.S Federal Reserve FOMC meeting today Bitcoin still recorded its biggest quarterly gain since 2021 with the past 24 hours hitting a 9 month high of $28,527 on Monday.
With volatility amid the U.S Federal Reserve FOMC meeting today Bitcoin still recorded its biggest quarterly gain since 2021 with the past 24 hours hitting a 9 month high of $28,527 on Monday.
Circle USDC Expands to France
The USD Coin issuer Circle Internet Financial has applied for regulatory approval in France for its European expansion.
Digital asset companies including stablecoins issuers are all required to apply for the license under the European Union’s MiCA regulation in order to provide services from 2024 full authorization.
Digital asset companies including stablecoins issuers are all required to apply for the license under the European Union’s MiCA regulation in order to provide services from 2024 full authorization.
US Federal Reserve Rescues Silicon Valley Bank
Silicon Valley Bank depositors panicked triggering a bank run when the bank announced a significant sale of assets and stocks in efforts to raise additional capital on March 8.
As a result, a funding program for banks has been established by the Federal Reserve along with the Federal Deposit Insurance Corporation (FDIC) $25 billion being made available to eligible firms in efforts to avoid further liquidity issues within banks.
As a result, a funding program for banks has been established by the Federal Reserve along with the Federal Deposit Insurance Corporation (FDIC) $25 billion being made available to eligible firms in efforts to avoid further liquidity issues within banks.
Silicon Valley Bank Contagion Spreads to USDC
Stablecoin USDC issuer Circle is now facing the heat from SVB shutting down its services.
Confirmation from Circle of $3.3 billion of its total of $40 billion in USDC reserves are with Silicon Valley Bank.
Confirmation from Circle of $3.3 billion of its total of $40 billion in USDC reserves are with Silicon Valley Bank.
Another US Bank on the Brink of Collapse
Rumored liquidity issues currently being experienced by Silicon Valley Bank due rumors it borrowed money debt to get more money and simultaneously selling stock investment at a loss.
Biden to Double Capital Gains
A few surprises are in store for crypto traders and investors as the upcoming budget proposal by U.S President Joe Biden plans to propose doubling of capital gains and crack down on crypto wash sales.
Wallet Moves Millions in Bitcoin
Blockchain analytics provider Glassnode has discovered wallet connected to the US government law enforcement with estimated balance of 144,500 up BTC until the move.
Powell to Include Crypto
According to US Senator Bill Hagerty discussion of cryptocurrencies along with the Fed’s interest rate plans will be heard at the hearing on the Semiannual Monetary Policy Report to the Congress.
Kraken to Launch its Own Bank
Reportedly cryptocurrency exchange Kraken is moving towards its idea to launch its own bank. The latest development comes after the troubled exchange being charged by the U.S Securities and Exchange Commission for failing to register crypto assets staking program.
OKX NFT Marketplace Releases NFT Collection
OKXNFT marketplace announced the release of the first Bitcoin Ordinal NFT collection which are listed as genuine NFT validated by OKX.
Stablecoin Inflows Pump On Exchanges
Reports of increased stablecoin inflows on crypto exchanges has been reported by analytics firm CryptoQuant. The firm reported the highest level of this year surged on March 5th at the same time the analysis noted declining Bitcoin prices in the short-term but added the potential purchasing power of the market is increasing.
Bybit Suspends USD as Crisis Spreads
Yet another cryptocurrency exchange has suspended US dollar deposits through bank transfer. Bybit has become the latest exchange to halt deposits citing service outage from its banking partner although the bank name was not mentioned.
Transparency Better Than an Audit
OKX announced it will upgrade its Proof of Reserves system in the coming months as it attempts to position itself as the “transparent” exchange.As the number two crypto exchange OKX is using its position to set new standards for transparency according to its managing Director Lennix Lai.
US Dollar Index Chart
US Dollar Currency Index returns to highs last seen in Aug 2022 and looks to go further towards all time highs.
NFT Marketplace Wash Trading Allegations
A new entrant to the NFT marketplace with zero fees plus a native token that can be acquired through NFT trading entered the crypto market with a bang.That new marketplace is Blur with its novel approach to the NFT market resulted in $460 million in NFT sales in just one week following it native token launch resulting in it exceeding the largest NFT marketplace OpenSea.
Wallet Behind Crypto Crash Revealed
Crypto project Terra (LUNA) experienced its catastrophic collapse nine months back in May of 2022. The result was both UST and LUNA experiencing precipitous decline and UST losing 99% of its value.
Speculation that there were a number of factors contributing to the massive crypto crash wiping out $60 billion from the space.Numerous postmortem examinations have been carried out since with one finding of “Wallet A” emerging as the primary suspect playing a significant part in the UST de-pegging.
Speculation that there were a number of factors contributing to the massive crypto crash wiping out $60 billion from the space.Numerous postmortem examinations have been carried out since with one finding of “Wallet A” emerging as the primary suspect playing a significant part in the UST de-pegging.
Pantera Capital on The Next Bull Market Cycle
A letter titled "The seventh Bull Cycle™" authored by the founder and managing partner Dan Morehead of Pantera Capital and investment associates Ryan Barney and Sehaj Singh was published in Pantera capital February Blockchain letter.
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