Bookmarking Crypto Insights
The question on every crypto enthusiast’s mind right now is “which cryptos will boom in 2023?” It’s a fair question – every year different tokens blow up, and if you choose carefully, you could make some serious money. Whilst it’s impossible to tell the future, this year a lot of crypto experts recommend investing in … Read more
On Monday, the crypto economy experienced significant market activity with $183.85 billion in global trade volume over 24 hours, with a large portion of those trades involving stablecoins. USDC traded near parity with the U.S. dollar, and several stablecoins, including tether and BUSD, sold at premiums. Tether reached a high of $1.04 per unit and … Read more
Christine Okike, a lawyer representing BlockFi at its bankruptcy hearing claimed that BlockFi is not in immediate danger and has sufficient funds to continue operating normally. Go to Source Powered by WPeMatico
“Regulators wanted to send a very strong anti-crypto message,” said former House of Representatives member and Signature Bank board member Barney Frank. Go to Source Powered by WPeMatico
The class action suit was filed against Silicon Valley Bank, chief executive officer Greg Becker, and chief financial officer Daniel Beck. Go to Source Powered by WPeMatico
Coinbase assured users that their BUSD funds will remain accessible and that they will still be able to withdraw funds at any time. Go to Source Powered by WPeMatico
On Monday, Binance CEO Changpeng Zhao, also known as CZ, announced that the company had decided to convert $1 billion worth of BUSD from the Industry Recovery Initiative fund into three different cryptocurrencies. Zhao noted that significant onchain movements would be noticeable following the announcement. CZ’s Decision to Convert $1 Billion BUSD Comes Amidst Troubles … Read more
The company stated that it previously had a relationship with Signature but said it no longer has funds there. Go to Source Powered by WPeMatico
The banking crisis in the U.S. has led to aggressive buying in Bitcoin and select altcoins, which are nearing stiff overhead resistance levels. Go to Source Powered by WPeMatico
Fear and trepidation spread across the crypto market last week following the high-profile collapses of Silvergate Bank and Silicon Valley Bank. Go to Source Powered by WPeMatico