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Stablecoin Supply Plummets After Depegging Event: $7.4B Dollar-Pegged Tokens Withdrawn From Circulation
17.3.2023
During the past 11 days, over 7 billion USDC stablecoins have been withdrawn from circulation, with most of the redemptions occurring following the depegging event of USDC on March 11, 2023. Furthermore, since March 6, a total of 439.48 million BUSD stablecoins have been redeemed. Stablecoin...
This Crisis Will Define the Future of Money
17.3.2023
The recent collapse of three high-profile banks - Silicon Valley Bank, Silvergate Bank and Signature Bank - has caused worrying outflows at hundreds of regional banks. Now, with the U.S. Federal Reserve creating a new backstop facility reportedly worth $2 trillion and Switzerland’s central bank...
How Effective Altruism Power Brokers Helped Make Sam Bankman-Fried
17.3.2023
SVB Financial Group Files for Chapter 11 Bankruptcy Protection to ‘Preserve’ Firm’s Value
17.3.2023
On March 17, 2023, SVB Financial Group, the parent company of Silicon Valley Bank, filed for Chapter 11 bankruptcy protection in the Southern District of New York. The company stated that it is no longer associated with Silicon Valley Bank (SVB) after the Federal Deposit Insurance Corporation...
Coinbase Is Weighing Setting Up Non-U.S. Trading Platform: Bloomberg
17.3.2023
U.S.-based crypto exchange Coinbase is considering setting up a crypto-trading platform overseas and is discussing the move with institutional clients, Bloomberg reported, citing people familiar with the plans
Biggest Movers: LINK Climbs Above $7.00, as DOGE Rebounds From Recent Decline
17.3.2023
Dogecoin rebounded from a recent decline on Friday, as cryptocurrency markets shook off yesterday’s bear wave. The meme coin has now risen by over 5%, a day after falling by the same sum. Chainlink was another notable mover, as prices climbed by over 7%. Dogecoin (DOGE) Dogecoin (DOGE) rose by...
Coinbase, Hut 8 and Other Crypto Stocks Rise as Bitcoin Surpasses $26K
17.3.2023
Bitcoin’s price is up 6% over the last 24 hours
Avorak AI provides startling price projections for Shiba Inu, Polygon, and Deeper Network In 2023
17.3.2023
What is in store for Shiba Inu, Polygon, and Deeper Network in 2023? What does 2023 hold for their prices? In the fast-paced world of crypto, digital asset price predictions are crucial for investors looking to make informed decisions. The ability to accurately forecast the direction of prices...
Bitcoin Is a Clear Winner of the U.S. Banking Crisis
17.3.2023
The narratives around bank failures, stablecoins and interest rate hikes seem strong enough to propel the price of bitcoin, says CoinDesk's George Kaloudis
SVB Collapse Shows the Rot in U.S. Banking and Dollars
17.3.2023
Netherlands Will Take Tough Line Enforcing MiCA, Dutch Regulator Says
17.3.2023
Laura van Geest said she won’t undercut new EU crypto laws even if that drives business from the country
After the Gold Rush: What Dapper Labs’ Big-League Collectibles Teaches Us About NFTs
17.3.2023
Dapper’s NBA Top Shot experienced a wild price bubble during the NFT boom. The followup NFL All Day collection has had a more modest rollout - and collectors think that's good news for the nascent hobby
US Bank Outflows and Concerns Mount: 11 Banks Bail Out First Republic Bank From Collapse
17.3.2023
After the fall of Silvergate Bank, Silicon Valley Bank (SVB), and Signature Bank (SNBY), First Republic Bank, a commercial bank and wealth management services provider, is the latest financial institution to receive a bailout. Close to a dozen lenders announced they will deposit $30 billion into...
Bitcoin, Ethereum Technical Analysis: BTC Hits $27,000, Securing Fresh 9-Month High
17.3.2023
Bitcoin moved to a fresh nine-month high on Friday, as prices moved above the $27,000 level. The surge comes following the U.S. Federal Reserve’s decision to backstop embattled banks to a record tune of $152.9 billion. Ethereum was also in the green in today’s session. Bitcoin Bitcoin...
University students reveal new Web3 solutions at ETHDenver 2023
17.3.2023
Students showcased new Web3 solutions focused on enabling better user experience, privacy and security at ETHDenver 2023
Crypto Derivatives Protocol Volmex Finance's Bitcoin and Ether Volatility Charts Now Live on TradingView
17.3.2023
Integration with TradingView promises global exposure to Volmex's implied volatility indices for bitcoin and ether
Fetch.ai CEO Shares Insights on 2023 Roadmap and Micro Agent Launch – Future of AI and Crypto?
17.3.2023
The rise of ChatGPT and Google Bard has fuelled an explosion of interest in artificial intelligence (AI) technology this year, and crypto markets haven't missed a beat.
February's 'AI narrative' saw blockchain-based AI projects skyrocket in value. As the paramount AI ecosystem in the space...
Silicon Valley Bank's Parent Company Files for Bankruptcy
17.3.2023
The company said Friday it had filed for court-supervised reorganization in the United States Bankruptcy Court for the Southern District of New York to preserve value
First Mover Americas: Bitcoin Busts Through $26K
17.3.2023
The latest price moves in bitcoin (BTC) and crypto markets in context for March 17, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets
On-Chain Data Reveals How Trading Firms Worked the USDC Stablecoin Repeg
17.3.2023
Trading firms were quick to jump on the USDC long trade over the weekend as the stablecoin slumped to $0.88 amid banking concerns in the U.S