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…
Binance Swaps $1 Billion Industry Recovery Funds to BTC, ETH and BNB
The Binance Industry Recovery Initiative wallet held 985,088,975.25 BUSD.Binance converted BUSD to USD through Uniswap at 05:31:47 UTC on March 13.With the failure of crypto-friendly institutions and the depeg events…
Coinbase Reveals $240M Exposure to Closed Signature Bank.
Paxos disclosed a $250 million holding at Signature Bank. Coinbase said that it anticipates a complete recovery of the monies.Many cryptocurrency firms announced on Twitter if they were impacted by…
Court Of Appeal Reserves Judgment On The Osun Governorship Appeal.
The Appeal Court on Monday, reserved judgement to decide on the case by Senator Ademola Adeleke challenging the decision of an election petition tribunal which nullified his victory in the…
HSBC Recently Purchase Distressed Silicon Valley Bank in UK
HSBC Acquires Recently Closed Silicon Valley Bank UK BITCOIN NEWSPurchasing SVB UK is a smart strategic move for the company in the UK as per Quinn.SVB was privately sold to…