Cryptocurrency Market

Cryptocurrency Market

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  • Market Cap: $2,381,224,398,063.35
  • 24h Vol: $52,770,214,924.85
  • BTC Dominance: 56.62%

Liquidity

us-bank-outflows-and-concerns-mount:-11-banks-bail-out-first-republic-bank-from-collapse

US Bank Outflows and Concerns Mount: 11 Banks Bail Out First Republic Bank From Collapse

Leave a Comment / Bailout, Bailouts, Bank of America, Banking, Banking Bailouts, Banking Industry, banks, Bitcoin, BNY Mellon, capital one financial, Cash Injection, Charles Schwab Corporation, CitiGroup, CNB Financial, credit suisse, Crypto Hacked, Cryptocurrency, deposit outflows, Discover Financial, Ethereum, FDIC, Federal Reserve, Financial Institutions, First Republic Bank, Goldman Sachs, jpmorgan, Liquidity, morgan stanley, News, Pacwest Bancorp, PNC Bank, Signature Bank, Silicon Valley Bank, Silvergate Bank, state street, stimulus, Synchrony Financial, Treasury, Truist Bank, Uninsured Deposits, US Bank, US Central Bank, Wells Fargo / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

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 the beleaguered bank’s coffers to shore up liquidity. U.S. […]

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moody’s-downgrades-us-banking-sector-to-negative-after-collapse-of-three-major-banks

Moody’s Downgrades US Banking Sector to Negative After Collapse of Three Major Banks

Leave a Comment / asset-liability management, backstopping liquidity facility, Bank Term Funding Program, banking failures, base case, Bitcoin, capital, Challenges, credit rating agency, Crypto Hacked, Cryptocurrency, deposit runs, depositors, Downgrade, earnings, Ethereum, FDIC, Fed Chair, Funding, Goldman Sachs, inflation, interest rates, investor confidence, Investors Service, Janet Yellen, jerome powell, Liquidity, market participants, Monetary Tightening, Moody's, Moody's Credit, News, pressures, receivership, reduced earnings, rising deposit costs, Signature Bank, Silicon Valley Bank, Silvergate Bank, Treasury Secretary, U.S banks, U.S. banking system, U.S. Federal Reserve, Washington Mutual / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

After the failure of three major U.S. banks last week, with two of them being the second and third largest banking failures in the country, Moody’s Investors Service has downgraded the rating of the U.S. banking system from “stable” to “negative.” As one of the “Big Three” credit rating firms, Moody’s cited a “rapid deterioration

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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 »

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 »

signature-bank-considered-a-buy-as-last-major-bank-standing-in-crypto-market-amid-silvergate-and-svb-troubles

Signature Bank Considered a Buy as Last Major Bank Standing in Crypto Market Amid Silvergate and SVB Troubles

Leave a Comment / Assets, Banking, Bitcoin, buying opportunity, capital, Crypto, Crypto Hacked, crypto-town, Cryptocurrencies, Cryptocurrency, deposit, equity analyst, Ethereum, Finance, financial difficulties, institutional investors, investment, Investors, Liquidity, market analysis, Market Trends, market volatility, mono-line provider, News, on-ramp, Piper Sandler, pricing power, Regulation, Signature Bank, Silicon Valley Bank, Stock, Stock Market, stock price, trading, Wall Street, Wells Fargo / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Amid the demise of Silvergate Bank and the troubles faced by Silicon Valley Bank (SVB), market analysts believe Signature Bank (SBNY) may be a buy as it’s considered the “last game in crypto-town,” according to Wells Fargo equity analyst Jared Shaw. Silvergate’s liquidation caused SBNY shares to sink on Friday, dropping more than 13% as

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biden-budget-proposal-targets-crypto-investors-using-like-kind-exchange-provision;-plan-aims-to-tax-crypto-miners-30%

Biden Budget Proposal Targets Crypto Investors Using Like-Kind Exchange Provision; Plan Aims to Tax Crypto Miners 30%

Leave a Comment / 1031 exchange rule, Biden, Biden provision, Bitcoin, bitcoin tax, BTC tax, budget, computational capacity, corporate tax, Crypto Hacked, Crypto investors, Crypto tax, Cryptocurrencies, Cryptocurrency, deficit, Digital Assets, Digital Currencies, Diversification, Economy, Electricity, Ethereum, excise tax, fossil fuel, Internal Revenue Code, IRS, Joe Biden, like-kind exchange, Liquidity, middle-out, Military Spending, Mining, News, phased tax, presidential race, rates, Real estate, Tax, tax bitcoin, tax BTC, tax crypto, tax deferral, tax incentives, tax loopholes, tax planning, taxable gains, U.S. president, ultra-wealthy, wealthy Americans, White house / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

On Thursday, the Biden administration released the U.S. president’s 182-page budget proposal for the fiscal year 2024, which aims to “grow the economy from the bottom up and middle out.” The budget includes an $835 billion increase in military spending, but the administration claims it will reduce the deficit by $3 trillion over the next

Biden Budget Proposal Targets Crypto Investors Using Like-Kind Exchange Provision; Plan Aims to Tax Crypto Miners 30% Read More »

decentralized-exchange-pancakeswap-to-launch-version-3-iteration-in-april

Decentralized Exchange Pancakeswap to Launch Version 3 Iteration in April

Leave a Comment / Accessibility, aptos, Balancer, Binance Smart Chain, Bitcoin, Blockchain, competition, Crypto Hacked, Cryptocurrency, decentralized exchange, DeFi, DEX, early supporter program, Ethereum, Global Trade Volume, Head Chef, improved features, interface, Liquidity, mobile application, Mochi, nft, Pancakeswap, Rewards, Shibaswap, Sushiswap, Tokens, total value locked, Trader Joe V2, trading, Trading Fees, trading incentives, uniswap, user-friendly, yield farming / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

On March 4, the decentralized exchange Pancakeswap announced that the team plans to launch its version three (v3) iteration of the platform during the first week of April 2023. Pancakeswap v3 will provide new features and improve liquidity alongside enhancements in interface accessibility and the decentralized exchange (dex) platform’s yield farming experience. Pancakeswap Announces Version

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xapo-bank-integrates-lightning-network-payments-through-lightspark-partnership

Xapo Bank Integrates Lightning Network Payments Through Lightspark Partnership

Leave a Comment / Bitcoin, Bitcoin.com News, block, BTC, closed beta partners, Crypto, Crypto Hacked, Cryptocurrency, cryptocurrency wallets, David Marcus, decentralized finance, Digital Currency, digital payments, economic uncertainty, enterprise-grade solution, Ethereum, Facebook, Hyperinflation, Interest-Bearing, Jack Dorsey, lightning network, Lightning nodes, lightspark, Liquidity, merchant payments, News, payment integration, Payment Processing, payment service provider, political turmoil, routing services, satoshis, Seamus Rocca, small purchases, total capacity, transaction confirmation time, Transaction Fees, transaction speed, U.S. dollar bank accounts, Xapo Bank, Xapo Lightspark / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

On March 2, Xapo Bank announced its partnership with Lightspark, a company led by David Marcus, former crypto boss at Facebook. The partnership aims to extend the utility of bitcoin and the Lightning Network. Xapo revealed on Thursday that it is the first fully licensed private bank to offer payments through the Lightning Network. Xapo

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