Whale Transfers 2,500 Bitcoin (BTC) Worth $62M to Binance
At a current price of $24,720, the profit margin is $11.88M if the asset is sold.Bitcoin is down 4.85% in the last 24 hours as per CMC.During a massive Bitcoin…
USDC Operations Are Redeemed Post Circle Backlog Clearance
Circle team guarantees the removal of backlogs at USDC operations. Post the collapse of SVB, $3.8 billion USDC is redeemed so far.A recent update from the Circle team regarding USDC…
SHIB The Metaverse Becomes a Hit at SXSW 2023
SHIB booth at SXSW was a “popular spot in the hall”.John Richmond has set foot in the digital world to provide makeovers for avatars.Reports from SXSW 2023 conference in Austin…
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…
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…