Cryptonews

Investors Dumped a Record Amount of Bitcoin Last Week, Only to Miss Out on a Face Ripping Rally

Mon, 13 Mar 2023 23:43:00 +0000

Digital asset investment products saw their highest-ever weekly outflow last week, according to the latest Digital Asset Fund Flows Weekly Report released by CoinShares. The $255 million in net outflows amounted to 1.0% of total assets under management (AuM) fleeing from the space....
Read More: Investors Dumped a Record Amount of Bitcoin Last Week, Only to Miss Out on a Face Ripping Rally

USDC Crisis Averted? Federal Regulators Offer Reassurance to Silicon Valley Bank Depositors, Ensuring Access to Funds

Mon, 13 Mar 2023 20:06:00 +0000

The popular stablecoin USDC has regained its $1 peg price after regulators in the US assured that depositors in Silicon Valley Bank (SVB) can access their money today.
The assurance from the government means that all Silicon Valley Bank depositors will be made whole, despite the bank’s collapse and wipeout of investor money. USDC issuer Circle was among the depositors in the bank, and stood to lose approximately $3.3bn in the bank collapse....
Read More: USDC Crisis Averted? Federal Regulators Offer Reassurance to Silicon Valley Bank Depositors, Ensuring Access to Funds

Bitcoin Price Prediction as BTC Blasts Up 9.5% in 24 Hours – What's Going On?

Mon, 13 Mar 2023 20:00:00 +0000

Bitcoin (BTC) and Ethereum (ETH) managed to reclaim the $22,000 level on Monday, suggesting some stability in the cryptocurrency market. After dropping to its lowest level since January, Bitcoin has surpassed the $22,000 mark and has seen a 10% increase in value on the day.
Ethereum has followed a similar trajectory and is now trading above $1,600. However, this positive development was mainly due to news about the government's efforts to protect depositors of Silicon Valley Bank....
Read More: Bitcoin Price Prediction as BTC Blasts Up 9.5% in 24 Hours – What's Going On?

Crypto Listing and Delisting Announcements: Week 11

Mon, 13 Mar 2023 19:12:00 +0000

Here is our weekly collection of digital asset listing and delisting, trading pair-related announcements by crypto exchanges that we found last week and today.
Have we missed something? Do you have information about new listings and/or delistings? Let us know here.
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Read More: Crypto Listing and Delisting Announcements: Week 11

Terra Luna Classic Price Prediction as LUNC Surges by 10% – Where is the Next LUNC Target?

Mon, 13 Mar 2023 18:08:00 +0000

Crypto bulls are on the offensive following an eventful event characterized by disclosures of exposure to fallen United States banks. Terra Luna Classic price spiraled massively during the weekend as investors reacted to the messy events surrounding Silicon Valley Bank (SVB) and Signature Bank New York....
Read More: Terra Luna Classic Price Prediction as LUNC Surges by 10% – Where is the Next LUNC Target?

Another Bank Down: Crypto-Friendly Signature Bank Closed Over Systemic Risk Concerns – What Does This Mean for Crypto?

Mon, 13 Mar 2023 17:57:00 +0000

Yet another crypto-friendly bank has gone down with the collapse of New York-based Signature Bank. But according to the industry, crypto now cannot be stopped....
Read More: Another Bank Down: Crypto-Friendly Signature Bank Closed Over Systemic Risk Concerns – What Does This Mean for Crypto?

Best Crypto to Buy Now 13 March – LHINU, CFX, FGHT, OP, METRO, CCHG

Mon, 13 Mar 2023 17:21:00 +0000

The prospect of financial support from the US government for depositors, of new liquidity injections and of easier policy ahead from the US Federal Reserve in response to recent US bank implosions has sent crypto prices lurching higher in tandem with sharp declines in US yields and the US dollar....
Read More: Best Crypto to Buy Now 13 March – LHINU, CFX, FGHT, OP, METRO, CCHG

3 Reasons Crypto Prices are Rising Today – New Bull Market Starting?

Mon, 13 Mar 2023 17:15:00 +0000

Financial markets have been engulfed with fear in recent days, as fears that a tumultuous sequence of banking crises could become a contagion in the sector.
It all started with the closure of Silvergate Bank's SEN payment network (key backend crypto industry infrastructure) following a run on deposits back in November.
This was quickly followed by the implosion of Silicon Valley Bank - the 16th largest bank in America - and a bastion of start-up capital and VC funding....
Read More: 3 Reasons Crypto Prices are Rising Today – New Bull Market Starting?

Binance Suddenly Converts $1 Billion From Industry Recovery Initiative to Bitcoin, Ether, BNB – Here's Why

Mon, 13 Mar 2023 16:30:00 +0000

Binance has confirmed plans to convert $1 billion worth of Binance USD (BUSD) from its Industry Recovery Initiative to native crypto assets, including Bitcoin, Ethereum, and BNB.
In a Monday tweet, Binance CEO Changpeng Zhao said the world's largest cryptocurrency exchange plans to convert the remaining $1 billion of its Industry Recovery Initiative funds to BTC, BNB, and ETH amid the ongoing saga around banks and stablecoins. ...
Read More: Binance Suddenly Converts $1 Billion From Industry Recovery Initiative to Bitcoin, Ether, BNB – Here's Why

Today in Crypto: Cryptocurrency is 'Inevitable', Two Hacks, OKCoin Pauses USD Deposits, Beatport & Polkadot's Music Platform, Alchemy Notify's Custom Webhooks

Mon, 13 Mar 2023 16:00:00 +0000

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: Cryptocurrency is 'Inevitable', Two Hacks, OKCoin Pauses USD Deposits, Beatport & Polkadot's Music Platform, Alchemy Notify's Custom Webhooks

Euler Finance Suffers Massive $195M Hack in Flash Loan Attack – Here's What Happened

Mon, 13 Mar 2023 14:07:00 +0000

Ethereum-based lending protocol Euler Finance has fallen victim to a flash loan attack resulting in around $200 million worth of digital assets stolen from the project.
The losses occurred over six transactions in dai (DAI), wrapped bitcoin (WBTC), staked ether (sETH) and USDC, and were carried out by two attackers, according to crypto analytic firm Meta Seluth. ...
Read More: Euler Finance Suffers Massive $195M Hack in Flash Loan Attack – Here's What Happened

Dogecoin Price Prediction as $500 Million Trading Volume Floods In – Are Whales Buying?

Mon, 13 Mar 2023 14:00:00 +0000

Investors are treading carefully in light of the recent collapse of Silicon Valley Bank and Signature Bank.
Dogecoin, the leading meme coin by market capitalization, succumbed to significant overhead pressure over the weekend, further heightening market concerns.
However, crypto prices have now rebounded following news of the US government stepping in to contain the damage.
At the time of writing, DOGE is up 9% with nearly $800 million in trading volume....
Read More: Dogecoin Price Prediction as $500 Million Trading Volume Floods In – Are Whales Buying?

Top 10 Biggest Crypto Gainers Today: SNX, FIL, MKR, RNDR, STX – Find Out More Here

Mon, 13 Mar 2023 12:24:00 +0000

The cryptocurrency market has risen by 7.5% in the past 24 hours, with its total cap reaching $1.05 trillion after what had been a difficult weekend.
Indeed, the market's value had plunged to as low as $966 billion on Saturday, following the news of the collapse of Silicon Valley Bank....
Read More: Top 10 Biggest Crypto Gainers Today: SNX, FIL, MKR, RNDR, STX – Find Out More Here

XRP Price Prediction as Ripple CEO Confirms Exposure to Silicon Valley Bank – What Does This Mean for XRP?

Mon, 13 Mar 2023 11:07:00 +0000

The price of XRP has gained slightly in the past 24 hours, rising by 0.5% after the coin recovered from a significant fall this past weekend.
At $0.363344, XRP has dropped by 1.5% in a week and by 5% in the last 30 days, with the coin dragged down by the market-wide selloff following the collapse of Silvergate Bank....
Read More: XRP Price Prediction as Ripple CEO Confirms Exposure to Silicon Valley Bank – What Does This Mean for XRP?

Coinbase Confirms $240 Million Corporate Cash Balance with Signature Bank Amid Lender Closure

Mon, 13 Mar 2023 10:50:00 +0000

Coinbase, one of the largest cryptocurrency exchanges in the world, has announced that it has millions of dollars in corporate cash balance with Signature Bank, which was recently shut down.
The news came via a Twitter thread on March 13, revealing that Coinbase had around $240 million with the bank as of the close of business on March 10.
The company, however, tweeted that,
"As stated by the FDIC, we expect to fully recover these funds."...
Read More: Coinbase Confirms $240 Million Corporate Cash Balance with Signature Bank Amid Lender Closure

Top Brazilian Footballers ‘Embroiled in Crypto Scam’ – Which Players Are Involved?

Mon, 13 Mar 2023 10:30:00 +0000

Two top Brazilian professional football (soccer) players claim they have fallen foul of a crypto scam – and say that they were convinced to invest in a fraudulent project by a fellow pro....
Read More: Top Brazilian Footballers ‘Embroiled in Crypto Scam’ – Which Players Are Involved?

HSBC Acquires Silicon Valley Bank UK for £1 to Safeguard Customers and Taxpayers – What's Going On?

Mon, 13 Mar 2023 09:58:00 +0000

Global banking giant HSBC has acquired the UK subsidiary of now-collapsed lender Silicon Valley Bank for £1 ($1.21) after all-night talks between the government, regulators, and other prospective buyers.
The deal excludes the assets and liabilities of SVB UK's parent company.
As of March 10, the UK arm of SVB had loans of around £5.5 billion ($6.7 billion) and deposits of around £6.7 billion ($8.1 billion), HSBC said in an official announcement....
Read More: HSBC Acquires Silicon Valley Bank UK for £1 to Safeguard Customers and Taxpayers – What's Going On?

Bitcoin Price Prediction as Bulls Hold $20,000 Level – Where is BTC Heading Now?

Sun, 12 Mar 2023 19:12:00 +0000

On Sunday, Bitcoin and Ethereum both saw a modest rise in value, with BTC surpassing $20,000 and ETH reaching the $1,400 mark. However, the decline of the US dollar, which resulted from February's labor statistics showing slower wage growth, may be responsible for this ongoing modest increase in crypto value....
Read More: Bitcoin Price Prediction as Bulls Hold $20,000 Level – Where is BTC Heading Now?

Top 5 Bitcoin Ordinals NFT Collections Making Waves Right Now

Sun, 12 Mar 2023 18:52:00 +0000

The introduction of Ordinal Theory has birthed a new type of NFT inscribed directly on the Bitcoin blockchain, ushering in a new era of on-chain Bitcoin NFTs.
Read on to learn about what Ordinals are, how they enable the creation of Bitcoin NFTs and discover a list of five popular Bitcoin Ordinals NFT collections worth checking out....
Read More: Top 5 Bitcoin Ordinals NFT Collections Making Waves Right Now

Lawmakers Seek Answers from Fed, FDIC on Silicon Valley Bank Collapse

Sun, 12 Mar 2023 16:00:00 +0000

Lawmakers in the US held a meeting with the Federal Reserve and Federal Deposit Insurance Corporation on Friday to discuss the swift and stunning collapse of Silicon Valley Bank (SVB).
Democratic US Representative Maxine Waters reportedly discussed with officials from the two federal bank regulators, as well as the Treasury Department, hours after SVB collapsed. Lawmakers from both the Democratic Party and the Republican Party were present at the meetings. ...
Read More: Lawmakers Seek Answers from Fed, FDIC on Silicon Valley Bank Collapse