India and UAE To Test CBDC Interoperability
RBI and UAE signed the MoU for the development of CBDC. Reportedly, 50,000 users and 5000 merchants started using digital currency.India’s central bank, the Reserve Bank of India (RBI), announced…
Binance to Move Zero Fee Bitcoin Trading from BUSD to TUSD.
Binance moving its zero-fee BTC trading pairs from BUSD to TUSD.Binance native token BNB price surged about 7.7% in a week.Binance, the world’s largest crypto exchange by trading volume updated…
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…
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…
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 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…
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…
Elon Musk Open to the Idea of Acquiring Struggling Silicon Valley Bank
Elon Musk Open to the Idea of Acquiring Struggling Silicon Valley Bank EDITORS NEWSElon Musk stated that he is open to the concept, which is an interesting reaction.Musk has articulated…
Cathie Wood Led Ark Invest Bought Coinbase Shares Worth $20.6 Million
7 seconds ago | 2 mins readCathie Wood Led Ark Invest Bought Coinbase Shares Worth $20.6 Million EXCHANGE NEWSMore than 350,000 Coinbase shares were purchased in a single day by…