The price of Bitcoin (BTC) rose significantly over the weekend, preventing a possible glitch in the process. However, the direction of the future trend is yet to be determined. Last week, Bitcoin price created a huge, long, lower wick (green icon). Even though the close is somewhat bearish, the move can be considered bullish due … Read more
The US government is bailing out bankrupt banks. However, BUSD and USDC continue to suffer. The crypto community in general criticized the government’s bailout. In recent days, the collapse of Signature and the Silicon Valley Bank has had quite an impact on the financial and crypto markets. On March 12, a long-awaited response came from … Read more
Bloomberg analyst Elliot Stein gave his insight into Grayscale’s lawsuit against the SEC. The analyst considers a ruling in the case likely in the first half of 2023. Elliot Stein, a senior process analyst for Bloomberg, recently appeared on an episode of Unchained Podcast hosted by Laura Shin. The analyst gave his insight into Grayscale’s … Read more
Daily 1-inch volume peaks at an all-time high, capping an otherwise tumultuous week. 1INCH Sees Return of Bullish Whale Demand, Containing Downside. The crypto market took heavy losses last week, but the 1inch network managed to close it out with a huge win. The DeFi protocol revealed that it hit a new volume record on … Read more
Bitcoin Cash ranks higher in decentralization than Litecoin and Ethereum Classic. BCH whales have rebounded during the recent crash. Bitcoin cash [BCH] was for the most part overshadowed by its more popular counterparts. Nevertheless, it has managed to maintain a significant following, and it is perhaps the most underrated cryptocurrency in terms of decentralization. Is … Read more
Crypto exchange Coinbase, crypto lender Celsius and stablecoin issuer Paxos are among the crypto companies with funds allegedly linked to the now-closed Signature Bank. The crypto-friendly Signature Bank was shut down on March 12 by New York regulators in conjunction with the US Federal Deposit Insurance Corporation (FDIC) to “protect the US economy” as they … Read more
Crypto companies could find it more difficult to access traditional banking partners with the loss of two major crypto-friendly banks in less than a week, according to some in the crypto community. On March 12, the Federal Reserve announced the closure of Signature Bank as part of “decisive actions” to protect the US economy, citing … Read more
Non-fungible token marketplace OpenSea has reportedly patched a vulnerability that, if exploited, could reveal identifying information about its anonymous users. In a March 9 blog post, cybersecurity firm Imperva detailed how it discovered the vulnerability, which it claimed could de-anonymize OpenSea users “by linking an IP address, a browser session, or an email under certain … Read more
The stablecoin USDC has almost reached parity with the US dollar again, after rising just above $0.99 on March 12, 2023 at 7:20 PM Eastern Time. The stablecoin jumped back to the $0.99 range after the US Federal Reserve announced it would bail out depositors from Silicon Valley Bank (SVB) in California and Signature Bank … Read more
Total DEX trading volume rose to a four-month high of $15.12 billion on March 11. Total fees collected on Uniswap reached their highest value since May 10. Decentralized exchanges (DEXs) registered an exponential increase in trading activity over the past 24 hours after the collapse of Silicon Valley Bank (SVB) caused FUD in the wider … Read more