A stable U.S. banking system where deposits are safe and accessible is essential to the global financial system and to the operations of every fiat-backed stablecoin. That was recognized by the U.S. government’s actions on Sunday, March 12, when the U.S. Treasury, Federal Reserve and the FDIC together stepped in to ensure that ordinary depositors […]
Bitcoin price continued to strengthen Wednesday amid growing concerns that the Silicon Valley Bank (NASDAQ:SIVB) crisis will likely have a contagion effect on the rest of the traditional banking sector. Although Bitcoin price initially slid down in a risky trading environment, the world’s largest cryptocurrency later rallied 27% from Friday’s lows and hit a 3-week […]
The decision to close down Signature Bank had “nothing to do with crypto,” said the New York State Department of Financial Services, the regulator that took possession of the troubled bank on Sunday. The financial watchdog insisted that its decision to put Signature Bank in receivership “was based on the current status of the bank […]
As a result of the rise of the development of Bitcoin to other digital currencies, the cryptocurrency industry is now expanding in an amazing way. Some people have enjoyed great benefits as a result of their involvement in this field, until they are finally categorized as crypto billionaires. here are the 5 richest crypto billionaires: […]
Blockchain technology has the potential to increase the productivity, security and transparency of many industries, thereby reducing costs and improving the customer experience. Therefore, countries are investing in developing and using blockchain technology to address different social and economic problems. Launching Cointelegraph, written Monday (13/3/2023), El Salvador emerged as a global pioneer in adopting blockchain […]
Back in November, after the collapse of FTX, the exchange’s rival, Binance decided to roll out the Industry Recovery Initiative. The initiative planned to provide aid to cryptocurrency projects that were enduring a liquidity crisis post the FTX crash. This fund continues to entail $1 billion worth of Binance USD Coin [BUSD]. More recently, Changpeng […]
There are several crypto assets in circulation that impress investors, either with their market valuation or their ability to attract a large community, or both. Even though the crypto market had a rocky year in 2022, it has turned a new leaf in 2023. Even though the market is always volatile, there is still no […]
Did you know that the Bitcoin mining process can utilize nuclear power? Terawulf, an American Bitcoin mining operations company, announced that they have built the first nuclear-powered Bitcoin mining facility in the United States to be precise in Pennsylvania. What made the company interested in building a nuclear-powered mining company? Check out the information as […]
Crypto exchange Binance has organized training courses for representatives of law enforcement authorities in Ukraine. The leading coin trading platform has been involved in dozens of similar initiatives over the past year, in a number of countries. Binance Provides Crypto Training to Security Officials in Ukraine The world’s largest digital asset exchange, Binance, has provided […]
Federal Reserve Chairman Jerome Powell has outlined several risks related to crypto activities during a hearing before the Senate Committee on Banking, Housing, and Urban Affairs. While stating that the Fed sees turmoil, fraud, a lack of transparency, and run risk in the crypto space, he stressed: “We don’t want regulation to stifle innovation.” Fed Chairman […]