There have been numerous financial industry crises recently, which have created tremendous chaos. Initially, when FTX’s stock fell, another victim was claimed by the collapse of the well-established US Bank Silvergate capital. In a collapse that shook international markets, SVB Financial Group, a lender with a focus on startups, on March 10 became the largest...Read More
The collapse of two of the top United States banks, Silicon Valley Bank and Signature Bank, has been considered the most bullish thesis for Bitcoin and other leading digital assets. Moreover, the top digital assets, including Bitcoin, Ethereum, and BNB, have gained over 7 percent in the past 24 hours as investors scramble for more...Read More
The cryptocurrency market is highly volatile and changing, with Altcoins prices fluctuating based on various factors. In recent months, two of the most popular cryptocurrencies, Polygon (MATIC) and Cardano (ADA), have been competing for market share and investor interest. Let’s examine the factors that could lead to Polygon overtaking Cardano in market cap. Polygon leading...Read More
Silicon Valley Bank (SVB) in the United States was shut down by regulators as a result of Silvergate Capital Corp’s abrupt closure and SVB’s careless fundraising. The abrupt collapse has resulted in the carnage in startup industry stocks in the United States. This follows the collapse of Silvergate. Silvergate Bank’s parent business announced plans to...Read More
In recent years, the rise of cryptocurrency has caused a lot of excitement and controversy in the financial world. While some see it as the future of money, others warn of its potential dangers, particularly for traditional banks. As the collapse of the Silvergate bank has taught the risks related to crypto investments, several central...Read More
Silvergate Capital, a central lender to the cryptocurrency industry, has announced the winding down of its operations and the liquidation of its bank. The company is one of the two primary banks for crypto firms, along with Signature Bank. The liquidation announcement caused the stock to plunge more than 36% in after-hours trading. Reasons for...Read More
The chief obstacle for bitcoin mining has shifted from solely procuring top-of-the-line mining equipment due to the closure of Chinese miners amidst regulatory restrictions, leading to a surplus of available equipment. Instead, the current dilemma is centered around resolving apprehensions related to environmental, social, and governance (ESG) issues concerning energy consumption and its impact on...Read More
The cryptocurrency market has been making headlines due to several financial crises and SEC’s scrutiny going through the space with unpredictable fluctuations. It seems that the upcoming week will be no exception as the market will likely remain volatile ahead of major macro events. With several key macro events on the horizon, investors and analysts...Read More
The United States is in danger of being left behind in the rapidly advancing world of cryptocurrency. Financial hubs such as London, Singapore, and Hong Kong are vying for crypto companies to build there, while Europe recently passed comprehensive crypto legislation. Meanwhile, the US risks falling behind due to its lack of pro-crypto policies. Coinbase...Read More
From the beginning of February, the price of Shiba Inu has been declining, and the tension of a significant sell-off by Voyager appears to be looming on the market. According to the Twitter account run by blockchain security company PeckShield, the insolvent cryptocurrency exchange Voyager just acquired 68 billion SHIB, or more than $820,000, from...Read More
Blockchain payment giant Ripple Labs continues to sell XRP from the escrow account despite the ongoing lawsuit filed by the SEC accusing the former of selling unregistered securities. As the world ushered in the third month of 2023, Ripple Labs received 1 billion XRP from the escrow account. Notably, the company received the XRP tokens...Read More
The Merge, executed by Ethereum last year, was widely recognized as one of the pinnacle accomplishments of the cryptocurrency sector. Ethereum had a proof-of-stake blockchain conversion as part of The Merge, changing from a proof-of-work blockchain. But there is one small problem: The Securities and Exchange Commission (SEC) recently took aggressive action against Kraken. The...Read More
Agustin Carstens, the head of the Bank for International Settlements (BIS), declared victory in the war between cryptocurrencies and fiat currencies during an interview with Bloomberg TV on Wednesday. According to Carstens, the events of 2022, which resulted in the disappearance of more than $2 trillion in value from the crypto market, demonstrate that the...Read More
The Securities and Exchange Commission (SEC) has been closely scrutinizing Binance, one of the world’s largest cryptocurrency exchanges, over concerns related to potential securities violations. The SEC has been investigating Binance’s operations, including its trading and lending platforms, to determine whether they comply with US securities laws. Additionally, the SEC has been examining whether Binance...Read More
The Securities and Exchange Commission (SEC) has always been on Crypto crackdown on crypto companies and 2023 crypto crackdown started with Kraken. The SEC charged Kraken for not registering their sale of the crypto staking programme after which the exchange agreed to shut down the programme. The recent one comes with the crackdown of Paxos...Read More
Recently, during the FOMC meeting, the Federal Reserve had a soft approach towards interest rate hike as there was only 0.25% interest rate hike instead of 0.50%. Today the traders and investors had hoped that there will be a decreased inflation rate in January. This positive anticipation had resulted in a slight market recovery as...Read More
The dot-com bubble, which affected tech stock prices in the late 1990s and early 2000s, was caused by media coverage of the burgeoning Internet business and investors’ expectations of dot-com profits. When interest rates soared, the dot-com crash was directly caused. The Federal Reserve raised the fed funds rate, which affects most other interest rates,...Read More
The SEC has locked horns over the entire crypto space with the recent crackdown on Paxos which is a fully regulated entity, with a license from the New York State Department of Financial Services (NYSDFS). Soon after this, huge FUD outspread within the space, and addressing the issue, the CEO of Binance, in a series...Read More
Following the Securities and Exchange Commission’s complaint against Ripple Labs, the XRP token’s developer, several cryptocurrency exchanges have delisted trading in the token this week. Trading in the XRP coin has been halted, according to exchanges and financial websites like Crypto.com, Coinbase, and OKCoin. The case has undergone numerous developments since then, and the SEC...Read More
The Dogecoin (DOGE) community was delighted by Elon Musk’s unexpected support during this year’s Super Bowl over the weekend. While wearing a Dogecoin-themed t-shirt, Musk was spotted sitting next to media mogul Rupert Murdoch, the owner of the Fox empire and this year’s broadcaster of the Super Bowl. Notably, Musk sparked a social media debate...Read More
The collapse of FTX exchange had shaken the whole crypto space which bought the entire crypto market on a bearish ride. However, the investigation over the FTX and its founder Sam Bankman-Fried is still on and everyday there is something new to hear. The latest one happens to be the concern raised by the US...Read More
Most crypto projects that are based on Ethereum (ETH) utilize the Proof-of-Stake (PoS) consensus mechanism for securing their blockchains and incentivizing network participants. However, each blockchain has its own set of rules for its staking program, which includes the percentage yield for participants. As blockchains strive to secure their networks through staking, some rules, such...Read More
Wall Street’s most revered investor, Michael Burry, appears to agree with the bleak prognosis that the U.S. economy will enter a recession in 2023. The inflation rate has reached its high, Burry tweeted on January 1. “Of course, this is hardly the cycle’s final zenith. Recession by any measure is projected to hit the United...Read More
The crypto market has been quite fluctuating lately, especially Bitcoin which is hovering around $23,000 and $22,000 area. The King currency had opened the day on a brighter note, but ended on a bearish trend as the currency has once again dropped towards $22,000 level. At the time of writing, Bitcoin is valued at $22,826...Read More
Today the crypto market has been leaning towards bearish sentiment ahead of Jerome Powell’s speech. This bearish pull was also affected on Crypto related stocks. The world’s first cryptocurrency, Bitcoin has lost its crucial resistance of $23K and is now trading around $22.5K. At the time of reporting, Bitcoin is selling at $22,900 with a...Read More
For several months, the SEC has been under fire for its actions. It was unsuccessful in preventing the FTX from collapsing and saving investors millions of dollars. It has a long-running lawsuit against Ripple and a recently concluded lawsuit against LBRY. U.S. Securities Exchange Commission (SEC) Chairman Gary Gensler has been criticized by Minnesota Senator...Read More
Run towards a bullish weekend! The cryptocurrency market has opened the market on a positive note as the majority of large cap cryptocurrencies have turned bullish. This bull rally is led by the first born crypto, Bitcoin price which has now jumped above $23,500 level and is strongly moving towards $24K. It’s just not that,...Read More
The crypto market started the year on a positive note where most of the cryptocurrencies doubled their value. Since the start of 2023 Bitcoin has jumped nearly 40% and managed to hit a high of $23,861 just a day before, on January 29. This phenomenon pushed the overall cryptocurrencies on a brighter side where even...Read More
aptos The last 30 days has worked out spectacularly well for most of the cryptocurrencies and Aptos tops the list. In the last one month, Aptos has spiked nearly 460%. However, after a bullish week, Aptos faced a slight correction at $17.52. At the time of writing, Aptos is changing hands at $17.06 after a...Read More
El Salvador, the first country to use Bitcoin as a legal tender, earlier this month passed another legislation to establish a legal framework for a Bitcoin-backed bond known as Volcano Bond. Through this bond El Salvador plans to pay its sovereign debt, sponsor the Bitcoin city construction and create Bitcoin mining infrastructure. Today, the country’s...Read More
