The cryptocurrency crisis kicked into high gear on Saturday morning, as the collapse of Silicon Valley Bank (SVB) caused some of the company’s most successful ventures to collapse. Stablecoin prices fluctuated sharply with rising gas prices as investors rushed to transfer cash hours after regulators shut down SVB among the run-of-the-mill banks, which have ties […]
Selling pressure on bitcoin (BTC) helped the broader market, with signs on some major blockchains falling 6% Thursday morning in Asia. Bitcoin fell below $22,000 during European hours on Wednesday, although the broader traditional market remained volatile. \Ether (ETH) lost more than 2%. Among other large caps, Solana (SOL) and Matic (MATIC) fell 6% in […]
The chairman of the Federal Reserve President Jerome Powell “emphasized” that the central bank has not made a decision on the rate of increase of the rate when the Federal Open Market Committee (FOMC) meets later in March. Testifying before the House Financial Services Committee for the semiannual fiscal policy report on Wednesday, Powell made […]
FTX’s sister company Alameda Research has filed a lawsuit against crypto asset manager Grayscale Investments seeking an injunction to realize what it says is more than $250 million in profits for FTX’s clients and shareholders. according to the newspaper. The lawsuit was filed in the Delaware Court of Chancery. It also addresses allegations against Grayscale […]
French luxury house Hermès International has asked a New York court to stop non-fungible token (NFT) developer Mason Rothschild from selling or promoting his MetaBirkin NFT following a landmark jury trial last month. go. Hermes filed a lawsuit against Rothschild in January 2022, alleging that the Los Angeles-based developer stole its intellectual property to create […]
Binance USD, a stablecoin issued by Paxos that is named as the world’s largest crypto exchange by trading volume, fell to $9.5 billion in market capitalization on Friday, according to data from CoinGecko.This is the first time that BUSD’s distribution has fallen below $10 billion since June 2021. Demand for BUSD has declined rapidly since […]
The market share war in the non-fungible token (NFT) space can always have a positive effect. According to the latest industry report from the Web3 data platform DappRadar, the number of NFT transactions reached $2 billion in February – the highest figure since before the meteoric crash of Terra and its UST token and LUNA […]
There are many explanations for the nature and purpose of some of the chain transactions highlighted by Forbes, and they may be wrong. But Binance’s confusing and sometimes contradictory response to the findings does not inspire confidence, especially in the post-FTX era of widespread suspicion of central bankers with balance sheets. Forbes reported this week […]
According to data from Nansen, the non-fungible token (NFT) whale Jeffrey Hwang – known as Machi Big Brother – lost 1,010 tokens for 11,680 Ether.ETH $1,647 or $18.6 million, in 48 hours. On Twitter 25, the user makes this psychic causing conversation in the last two days ago and find it will drop down and […]
The liquid situation in the bitcoin (BTC) and ether (ETH) market continues to worsen and the current situation is more dangerous than it was three months ago. This worries traders about the wild price changes in the crypto market. Liquidity refers to the market’s ability to make large purchases and sales at stable prices. A […]