Last week’s collapse of Silicon Valley Bank (SVB) and the subsequent contagion appeared to have worked in favor of the decentralized exchanges as trading activity soared to levels not seen since November 2022. According to the latest data from DeFiLlama, the daily trading volume on decentralized exchanges was up by an astonishing 255.36% over the...Read More
America’s largest cryptocurrency exchange is expecting a flood of staking withdrawal requests after Ethereum developers enable the functionality next month. While providing details about how the upgrade will impact the business on Wednesday, Coinbase said it could take “weeks to months” for unstaking requests to be fully processed. Shapella is Coming In a blog post...Read More
On March 14, the bank Anchorage Digital announced the layoff of 20% of its workers due to the crypto winter and regulatory uncertainty in the US. According to the official statement, the departure of 75 of its employees (approximately 20% of its team) is necessary to focus its resources on other essential processes. This is...Read More
The United States Department of Justice (DOJ) has filed a memorandum of support to have the $1 billion asset-sale deal between bankrupt crypto broker Voyager Digital and Binance.US put on hold until an appeal motion is handled. U.S. attorney for the Southern District of New York Damian Williams and U.S. trustee William K. Harrington, alongside...Read More
Despite Bitcoin’s recent significant surge, Ripple’s price has remained stagnant with limited volatility and no clear direction. However, the cryptocurrency is currently trading within a narrow range and is expected to break out below soon, possibly resulting in a sudden, impulsive movement in the XRP price chart. As a result, analysts predict that the XRP...Read More
Credit Suisse shares plummeted to another all-time low of just 1.65 CHF ($1.79) on Wednesday after its largest shareholder – Saudi National Bank (SNB) – said it would not be able to purchase more shares of the company. The 30% drop has been coupled with widespread fear that Credit Suisse could be on the brink...Read More
Coinbase is ramping up its expansion effort, with Singapore being the first stop. As part of its ambitious plan, the crypto exchange has announced forging a strategic banking partnership with Standard Chartered in the city-state to provide its users with an option to move funds between any lender and Coinbase. The news comes amidst the...Read More
Cardano’s Founder – Charles Hoskinskon – believes the cryptocurrency industry should differentiate itself from the “unstable and volatile” banking sector. Three of America’s leading financial institutions – Silvergate Capital, Silicon Valley Bank, and Signature Bank – were shut down by regulators earlier this month, propelling severe losses for numerous crypto-focused firms. In a recent tweet,...Read More
Crypto-friendly Signature Bank was under criminal investigation by U.S. authorities over its anti-money laundering practices before its sudden collapse over the weekend, Bloomberg reported Wednesday, citing people familiar with the matter. According to the report, investigators from the Department of Justice (DOJ) in Washington and Manhattan and people from the Securities and Exchange Commission (SEC)...Read More
[PR – San Diego, United States, 14th March, 2023, Chainwire] When Max Mellenbruch began creating Kialara ten years ago, few people had heard much about bitcoin, let alone crypto art. The idea of a cold-storage wallet to preserve private keys over a long period of time, safeguarding them against physical deterioration, was quite innovative for...Read More
[PR – Sunnyvale, United States, 14th March, 2023, Chainwire] Revolutionary Device Helps Consumers Escape from Big Tech, Monetize their Hardware & Data and Protect their Digital Assets Fog Works, a Web3 software company focused on developing solutions on the Datamall Chain, today announced Foggie Max, the world’s first personal Web3 server. Foggie Max is a...Read More
For the first time since June last year, Bitcoin price traded above $26k on Tuesday. While the spike was short-lived, over $311 million was liquidated from the cryptocurrency market, thus insinuating a bear trap. Nonetheless, Bitcoin price is up over 11 percent in the past seven days to trade at around $24.8k during the Asian...Read More
The United States Department of Justice (DOJ) reportedly launched an investigation against Terraform Labs and its former employees to explore what led to the collapse of the project’s native token – LUNA – and its algorithmic stablecoin – UST. The US SEC recently accused the entity and its co-founder – Do Kwon – of orchestrating...Read More
