Decentralized Exchanges Record Massive Sales Volume Surge
This occurs following the weekend de-pegging incident of USDC by Circle.March 11th was the day when Uniswap’s volume was the largest ever, at $11.84B.This past weekend saw a surge in…
Moody’s Lowers the Rating of Signature Bank After its Collapse.
Signature Bank was closed by the state regulators on March 12. Six other U.S. bank ratings are under review to downgrade.Credits rating agency Moody’s downgraded the debt rating of recently…
Bitcoin Analysis — BTC’s Rising Trend Signals Potential Buying Opportunity
BTC price has skyrocketed over the past week.The BTC market sees a bullish rebound with surging Keltner Channel bands.The Bitcoin (BTC) price has skyrocketed over the past week, as a…
Silicon Valley Bank Collapse is Flashback of Lehman Brothers?
Silicon Valley recalls the Lehman Brothers failure.USD Coin price stabilized at a $0.9997 peg. Silicon Valley Bank (SVB), which had connections to big-shot international technology firms and venture capital, failed…
Bitcoin Breaches $26k Level as Crypto Market Rallies Post CPI Inflation.
The 12-month change in the core CPI rate was 0.5% higher in February, bringing it to 5.5%. Bitcoin finally surpassed the critical $26,000 price milestone.The value of Bitcoin (BTC), the…
Trading of Several Banking Stocks Halted Due to Extreme Volatility.
The news follows today’s comments by President Joe Biden regarding closure of SVB. The crypto market on the other hand rallied.With the weekend’s news of the closure of a Silicon…
Bitcoin Surpasses $24000 to Confirm Next Bull Run?
On March 13, Bitcoin recorded 18% as its highest 24h surge. Nearly 1.7 million BTC are left to be mined – 19,317,068 BTC in current circulation.The decentralized pioneer Bitcoin transitions…
Silicon Valley Bank Sued by Shareholders Alleging Fraud.
Silicon Valley Bank has over $16 billion in unrealized losses as of the closing date.The complaint alleges mismanagement of circumstances that led to its downfall.As per reports from Bloomberg, investors…
Binance To Stop Deposits and Withdrawals in British Pound.
New users will no longer be able to fund their accounts with British Pounds.Current customers would retain access to their British pound funds.Binance, a cryptocurrency exchange, has announced that it…
Meta Plans to Stop Support for NFTs on Facebook and Instagram.
According to Stephane Kasriel, the closure will enable the business to focus on other ways to support creators. Meta is also planning layoffs in the coming months.Just over a year…