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Blockchain.com Shutters Asset Management Subsidiary Amid Crypto Winter and Industry Turmoil
11.3.2023
According to reports and a filing that shows its name struck off the U.K. companies’ register list, Blockchain.com is sunsetting its Blockchain.com Asset Management subsidiary. A company spokesperson cited deteriorating “macroeconomic conditions” and the “crypto winter”...
Circle’s USDC Endured $1B of Net Redemptions Since Silicon Valley Bank's Shutdown
11.3.2023
Stablecoin issuer Circle held an undisclosed amount of USDC’s cash reserves at failed Silicon Valley Bank
USDC Stablecoin Depegs From $1; Circle Says Operations Are Normal
11.3.2023
USDC dropped to $0.973, its lowest level since the collapse of FTX
$920B is the number to watch now that crypto’s trillion dollar total market cap is gone
10.3.2023
The crypto market is taking a walloping, and there are three important reasons why BTC’s $380 billion valuation is a key support for the entire market
Bitcoin Price Outlook for March
10.3.2023
There are only ten days into March, and volatility in the crypto markets has heightened, with both bitcoin and ethereum falling to two-month lows. A collapse in Silvergate Bank was one of the major catalysts leading to this month’s bearish sentiment, which now sees bitcoin trading under...
Scrutiny Falls on $43B USDC Stablecoin’s Cash Reserves at Failed Silicon Valley Bank
10.3.2023
Circle’s USDC, the second largest stablecoin with $43 billion market capitalization, held an undisclosed part of its $9.8 billion cash reserves at failed Silicon Valley Bank
Price analysis 3/10: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, SOL, DOT, SHIB
10.3.2023
The February U.S. jobs report was a mixed bag, which seems to have provoked interest from a few bulls in BTC and altcoins
Signature Bank Stock Down 12% in Volatile Action as Bank Selloff Continues
10.3.2023
SBNY shares sank as low as $64.60 at 14:45 UTC on Friday, a drop of around 28% from its opening price of just over $90
On-Chain Liquidations Beckon as Ether Slumps to 2-Month Low
10.3.2023
Several on-chain positions are at risk of being liquidated following ether's plunge to a two-month low of $1,373
Bitcoin, Ethereum Technical Analysis: BTC Under $20,000 as ETH Sinks Below $1,400 on Friday
10.3.2023
Bitcoin fell below the $20,000 level for the first time since January, as markets continued to react to the liquidation of Silvergate Bank. This comes ahead of a pivotal U.S. nonfarm payrolls report, which could decide how aggressive the Federal Reserve acts in its upcoming meeting. Ethereum moved...
First Mover Americas: Bitcoin Battered as Markets Spiral
10.3.2023
The latest price moves in bitcoin (BTC) and crypto markets in context for March 10, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets
Silicon Valley Bank Rocks Crypto and Equity Markets Ahead of Nonfarm Payrolls
10.3.2023
Pressure on the U.S. banking system is questioning whether the Fed can push ahead with such an aggressive tightening cycle, analysts at ING said
Ether Hits Two-Month Low Under $1.4K as Coinbase Premium Index Dwindles
10.3.2023
The decline comes as New York Attorney General referred to ETH as security in its lawsuit against the cryptocurrency exchange KuCoin
Lego Prepares a Metaverse Collaboration With Epic Games to Target Digital Markets
10.3.2023
Lego, the Danish toy company famous for its colorful plastic bricks, expects to diversify its entertainment offerings portfolio, targeting the metaverse. The company is preparing to present a virtual world in partnership with Epic Games, the gaming engine company, to continue increasing its market...
Justin Sun Moving Stablecoins After Promising to Create Huobi Liquidity Fund
10.3.2023
Sun’s USDT is moving after Huobi’s HT Token Dropped 93% and then rebounded
First Mover Asia: Bitcoin Plunges to Mid-January Levels
10.3.2023
ALSO: CoinDesk analyst Glenn Williams writes that despite the crypto market's recent problems, bullish sentiment seems to be prevailing among holders of futures contracts
Bitcoin Falls Below $20K as 2023 Rally Reverses
10.3.2023
A hawkish Fed, the demise of crypto-friendly Silvergate Bank, and a possible government sale of Silk Road-related bitcoin have investors ample reason to sell
Crypto Traders Suffer Over $300M of Losses in Liquidations Amid Market Crash
10.3.2023
The largest long liquidation in at least a month suggests that Thursday’s crash in crypto prices caught traders off-guard. Bitcoin traders suffered the most losses, some $112 million in the past 24 hours, while ether liquidations surpassed $73 million, per data from Coinglass
Huobi’s HT Token Suddenly Drops 93%, Then Rebounds Just as Quickly
10.3.2023
Huobi’s HT token, the native token of the cryptocurrency exchange, momentarily dropped 93% on Thursday for reasons that are unclear
Bitcoin price drops to $20.8K as regulatory and macroeconomic pressure mounts
9.3.2023
BTC margin and options markets are steady, even as investors run for cover as crypto and stock prices fall