BTC Loses 15% Weekly, Will $20K Hold or is Another Crash Imminent? (Bitcoin Price Analysis)
Circle’s USDC Instability and its Impact on Bitcoin The instability of Circle’s USD Coin (USDC), a stablecoin pegged to the US dollar, has caused extreme fear in the cryptocurrency market, as stablecoins play a crucial role in the industry. The recent turmoil in the USDC has pushed Bitcoin’s price down towards the $19,000 level. However, […]
GBP/USD Price Analysis: Climbs on USD weakness but fails to conquer the 200-DMA
The GBP/USD pair has seen some recovery momentum as we head towards the end of another trading week. After bouncing off year-to-date lows of 1.1802, the pair has managed to claw back some ground and is currently trading above the key psychological level of 1.2000. The recent uptick in the pair can be attributed to […]
Circle says outstanding USDC transactions won’t process until Monday
Circle, a cryptocurrency firm that founded the USD Coin (USDC) stablecoin with Coinbase in 2018, has informed its trading partners that its outstanding USDC transactions through the Signet network of Signature Bank will be delayed until Monday. In a note sent to its customers, Circle stated that the Signet system, which facilitates real-time payments for […]
MakerDAO Proposes Changes To Protect Users From Centralized Stablecoin Crisis
The recent collapse of Silvergate and Silicon Valley Bank has sent shockwaves through the banking industry, with significant implications for the world of stablecoins. Centralized stablecoins, in particular, are at risk due to their high exposure to impacted banks, as well as other potentially at-risk institutions. Stablecoins are digital currencies that are pegged to a […]
Silicon Valley Bank Shutdown Sends Shockwaves Through Tech Industry
One of the biggest bank failures in the history of the United States occurred on a Friday, as federal regulators shut down Silicon Valley Bank (SBV). It was a major lender to the technology industry and its collapse sent shockwaves throughout the industry. Earlier in the week, SVB had attempted to raise $1.75 billion, but […]
Web3 Italia community publishes progress report and proposed Neo business development plan
Web3 Italia is a community-driven initiative focused on creating an Italian Neostarter pack for non-developer users. The project was proposed in response to a grant application by GrantShares, who provided the requested 2,500 NEO to the team in July 2022. The Web3 Italia team consists of three key members, each filling a core role such […]
Elon Musk Shows Interest In Buying The Troubled Silicon Valley Bank
On Friday, March 10, the California banking regulators announced the shutdown of the Silicon Valley Bank (SVB) Financial Group, marking the second bank to declare a shutdown after Silvergate Capital in a week’s time. The startup-focused lender has encountered a major crisis of existence and faces a bank run that caused it to be shut […]
USDC Issuer Circle Says it ‘Awaits Clarity’ From FDIC on Silicon Valley Bank Collapse
USDC Issuer Circle Awaits Clarity from FDIC on Silicon Valley Bank Collapse The world of cryptocurrency is often characterized by volatility and uncertainty. The stability and trustworthiness of stablecoins, a subset of digital currencies that are pegged to the value of a stable asset like the US dollar, have been a source of comfort for […]