Cryptocurrency Market

Cryptocurrency Market

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  • Market Cap: $2,278,112,746,373.25
  • 24h Vol: $77,831,235,323.35
  • BTC Dominance: 56.06%
revised-bill-suggests-prison-time-for-russian-crypto-miners-evading-taxation

Revised Bill Suggests Prison Time for Russian Crypto Miners Evading Taxation

Leave a Comment / bill, Bitcoin, Crypto, crypto assets, Crypto Hacked, crypto miners, crypto mining, Cryptocurrencies, Cryptocurrency, declaration, Ethereum, fines, Legislation, Miners, Mining, penalties, prison, prison time, punishment, Regulation, reporting, Russia, russian, sentence, Tax, Taxation / / / , , , , , , , , , , , , , , , , , , , , , ,

A draft law designed to regulate crypto mining in Russia introduces harsh penalties for miners failing to report digital assets to the state. In its latest revision, the bill also threatens to punish those who organize illegal trading of cryptocurrencies with imprisonment and hefty fines. Forced Labor Awaits Miners and Traders Who Operate Outside Law, […]

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billionaire-warns-of-imminent-bank-runs-if-government-fails-to-guarantee-all-svb-deposits

Billionaire Warns of Imminent Bank Runs if Government Fails to Guarantee All SVB Deposits

Leave a Comment / Bill Ackman, Bill Ackman Fed, Bill Ackman Silicon Valley Bank, Bill Ackman SVB, Bitcoin, Crypto Hacked, Cryptocurrency, Economics, Ethereum, Silicon Valley Bank, Silicon Valley Bank fail, Silicon Valley Bank failing, Silicon Valley Bank shut down / / / , , , , , , , ,

Billionaire Bill Ackman has warned of “vast and profound” consequences of the U.S. government letting Silicon Valley Bank (SVB) fail without protecting all depositors. “No company will take even a tiny chance of losing a dollar of deposits as there is no reward for this risk. Absent a systemwide FDIC deposit guarantee, more bank runs

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rich-dad-poor-dad-author-robert-kiyosaki-warns-another-bank-is-set-to-crash

Rich Dad Poor Dad Author Robert Kiyosaki Warns Another Bank Is Set to Crash

Leave a Comment / Bitcoin, Crypto Hacked, Cryptocurrency, Ethereum, Featured, Rich Dad Poor Dad, robert kiyosaki, Robert Kiyosaki bank crash, robert kiyosaki bitcoin, robert kiyosaki crypto, Robert Kiyosaki Silicon Valley Bank, Robert Kiyosaki Silvergate Bank, Robert Kiyosaki SVB / / / , , , , , , , ,

The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, says that another bank is set to crash following the collapse of Silicon Valley Bank and the voluntary liquidation of Silvergate Bank. Kiyosaki also recently said the world economy is on the verge of collapse, warning of bank runs, frozen savings, and

Rich Dad Poor Dad Author Robert Kiyosaki Warns Another Bank Is Set to Crash Read More »

circle-issues-update-amid-stablecoin-volatility;-firm-is-prepared-to-‘stand-behind-usdc-and-cover-any-shortfall’

Circle Issues Update Amid Stablecoin Volatility; Firm Is Prepared to ‘Stand Behind USDC and Cover Any Shortfall’

Leave a Comment / Banking system, Bitcoin, Blockchain, Circle Financial, Corporate Resources, Crypto asset, Crypto Hacked, Cryptocurrency, Ethereum, External Capital, Failed Institution, FDIC, issuance, Liquidity, Market Capitalization, Negative Scenario, News, Ordinary Course, Parity, Public Update, Reassurance, redemption, Reserve Assets, Settlement, shortfall, Silicon Valley Bank, Stablecoin, Stand Behind, Stored-Value Money Transmission Regulation, SVB, transactions, transfers, usd coin, USDC, volume / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

On Saturday, March 11, 2023, Circle Financial updated the public about its stablecoin, USDC, and noted that the stablecoin’s liquidity operations will resume normally on Monday morning in the United States. Circle said that the company’s teams would be ready on Monday to “handle significant volume” and that the firm will “stand behind USDC and

Circle Issues Update Amid Stablecoin Volatility; Firm Is Prepared to ‘Stand Behind USDC and Cover Any Shortfall’ Read More »

bank-of-england-shuts-down-silicon-valley-bank’s-uk-branch-after-us-regulators-close-parent-company

Bank of England Shuts Down Silicon Valley Bank’s UK Branch After US Regulators Close Parent Company

Leave a Comment / Bank Closures, bank collapse, bank customers, Bank Failure, bank insolvency procedure, Bank of England, Bank Run, Banking Crisis, Banking Industry, banking news, Bitcoin, BOE statement, BOE SVB UK, California Department of Financial Protection and Innovation, Central Bank, creditors, Crypto Hacked, Cryptocurrency, deposits, Ethereum, FDIC, financial sector, financial system, FSCS, hargreaves lansdown, Insolvency, liquidators, market analyst, Monetary Policy, News, rate hikes, Regulators, Silicon Valley Bank, Susannah Streeter, SVB, U.K. subsidiary, U.S. regulators, VCs, Venture Capital Funds, wire transfers / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

After U.S. regulators shut down Silicon Valley Bank (SVB) on Friday, the Bank of England has closed the company’s U.K.-based arm. The central bank explained that it intends to place the subsidiary into bank insolvency procedures. Fallout From SVB Failure Prompts BOE to Close U.K. Branch The ripple effect of the 16th largest bank in

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‘fiat-is-fragile’-—-silicon-valley-bank’s-collapse-sparks-finger-pointing-and-concerns-of-contagion

‘Fiat Is Fragile’ — Silicon Valley Bank’s Collapse Sparks Finger-Pointing and Concerns of Contagion

Leave a Comment / Balance Sheet, Bank Failure, Bank Run, banking tech startups, Bankruptcy, Bitcoin, collapse, contagion, Crypto Hacked, Cryptocurrency, deposits, Economist, Ethereum, FDIC, Fiat, Galaxy Digital, illogical inverted yield curve, interest rates, long-duration treasuries, long-term treasuries, News, Peter Schiff, policy mistake, Powell, rate hikes, Shapeshift, short-term Treasuries, Silicon Valley Bank, Silvergate Bank, speculators, subprime mortgages, SVB, SVB deposits, U.S. Federal Deposit Insurance Corporation, U.S. Federal Reserve, unqualified buyers, Venture Capital, Venture Capitalists, Withdrawals, Yellen / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Silicon Valley Bank (SVB) has become the center of attention after its collapse prompted the U.S. Federal Deposit Insurance Corporation (FDIC) to shut the bank down on Friday. It was the largest U.S. bank failure since 2008, and various alleged catalysts have been pointed to. Some believe venture capitalists caused a bank run, while others

‘Fiat Is Fragile’ — Silicon Valley Bank’s Collapse Sparks Finger-Pointing and Concerns of Contagion Read More »

makerdao-issues-emergency-proposal-to-address-$3.1b-in-usdc-collateral-after-stablecoin-depegging-incident

Makerdao Issues Emergency Proposal to Address $3.1B in USDC Collateral After Stablecoin Depegging Incident

Leave a Comment / Auction, Bitcoin, Black Thursday, cash and stables, Circle Financial, collateral, collaterized, Crypto, Crypto Hacked, Cryptocurrency, DAI, DAI price, Dai Stablecoin, decentralized finance, DeFi, emergency proposal, Ethereum, Exposure, failure, Impact, impaired, Liquidity, makerdao, market, News, Parity, potential, proposal, Risky, Silicon Valley Bank, Stability, Stablecoin, stablecoin assets, Stablecoins, stables, support, tail risk, underwater, USDC, Voters / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

On March 11, 2023, the decentralized finance project Makerdao issued an emergency proposal following the USDC depegging incident that saw the stablecoin dip down to $0.877 per unit. At the time of writing, Makerdao commands $3.1 billion in USDC collateral that backs a portion of the project’s stablecoin, DAI. Makerdao Proposes Changes to Limit Exposure

Makerdao Issues Emergency Proposal to Address $3.1B in USDC Collateral After Stablecoin Depegging Incident Read More »

usdc-stablecoin-depegging-causes-concern-among-crypto-advocates,-5-other-stablecoins-slip-below-parity

USDC Stablecoin Depegging Causes Concern Among Crypto Advocates, 5 Other Stablecoins Slip Below Parity

Leave a Comment / Banking, Binance, Bitcoin, BitPay, Blockchain, Cash, Circle, Circle Financial, Circle USDC, Coinbase, Crypto, Crypto Hacked, Crypto.com, Crypto.com USDC, Crypto.com USDC suspension, Cryptocurrency, DAI, Decentralized, depegging, Digital Assets, Ethereum, Exchanges, Finance, Fintech, FRAX, GUSD, Investors, Liquidity, Market Capitalization, market volatility, News, Regulation, risk management, Silicon Valley Bank, Stablecoin, SVB, SVB deposits, Tether, trading, USD parity, USDC, USDC Depeg, USDC depegging, USDD, USDP / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

On Saturday, March 11, 2023, crypto advocates are concerned as a few stablecoin assets have depegged from their $1 parity. The second-largest stablecoin USDC, issued by Circle Financial, fell below $0.90, reaching a low of $0.877 per coin. Additionally, around five other stablecoins have dropped below the U.S. dollar parity during the early morning (ET)

USDC Stablecoin Depegging Causes Concern Among Crypto Advocates, 5 Other Stablecoins Slip Below Parity Read More »

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Biggest Movers: SOL Rebounds From 2-Month Low to Start the Weekend

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Solana rebounded from a two-month low to start the weekend, as bulls reentered the market to buy the recent dip. Overall, the global crypto market cap is currently trading 1.8% higher, following a nearly 10% drop on Friday. Polygon was another notable mover, as price rose by nearly 7% on Saturday. Solana (SOL) Solana was

Biggest Movers: SOL Rebounds From 2-Month Low to Start the Weekend Read More »

bitcoin,-ethereum-technical-analysis:-btc-above-$20,000,-eth-beyond-$1,400-on-saturday

Bitcoin, Ethereum Technical Analysis: BTC Above $20,000, ETH Beyond $1,400 on Saturday

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Bitcoin rose back above $20,000 on Saturday, despite markets still being spooked by the collapse of yet another banking institution. Silicon Valley Bank was shut down by U.S. regulators on Friday, causing many institutions to lose access to capital. This includes USDC issuer Circle, which led to a USDC depegging. Ethereum also rebounded on Saturday.

Bitcoin, Ethereum Technical Analysis: BTC Above $20,000, ETH Beyond $1,400 on Saturday Read More »