Fri, March 29

Crypto Market Signals Bullish with Recent USDC, SHIB & ETH Rally

Since heightened volatility during pre-market hours on Monday, significant bank stocks have been suspended in the wake of Silicon Valley Bank’s demise. That led equities to witness a crucial selloff. Also, the shares of First Republic Bank dropped by more than 60% due to a cascading effect from the second-largest

March 14, 2023 2 mins read

Meta Plans to Stop Support for NFTs on Facebook and Instagram

Just over a year after revealing plans, big Tech firm Meta is now pausing plans to let users share digital collectibles on its Instagram and Facebook platforms. Stephane Kasriel, Meta’s head of commerce and financial services, declared on Twitter on Monday that the closure will allow it to focus on

March 14, 2023 1 min read

DeFi Platform Euler Finance Loses $197 Million in Flash Loan Exploit

According to audit platform BlockSec, the decentralized finance (DeFi) platform Euler Finance was the victim of an attack worth over $196.9 million. Hackers made off with $135.8 million worth of Staked Ethereum (stETH), $33.8 million worth of Circle’s stablecoin USDC, and $8.7 million worth of the decentralized stablecoin DAI. Euler

March 13, 2023 1 min read

Bitcoin (BTC) Price Jumps Whopping 18% Surpassing $24k Level

Bitcoin (BTC) reached its monthly high on March 13 when U.S. bank equities saw one of the greatest collective stops in their history. According to CMC, the price of BTC surpassed the $24k level and is now trading at $24,348. In the last 24 hours, it is up by 18%.

March 13, 2023 1 min read

Filecoin (FIL) Price Jumps 29% Ahead of FVM Release on March 14

On Monday, the value of Filecoin jumped by 29% in anticipation of the release of the Filecoin Virtual Machine (FVM). In addition, the trading volume has increased by 227% in the last twenty-four hours, suggesting a surge in interest among investors.  On March 14 at 15:14 UTC, or epoch 2,683,348,

March 13, 2023 1 min read

Goldman Sachs No Longer Expects Fed’s Interest Rate Hikes

While the global economy buzzed by the sudden collapse of the U.S. second-largest bank, Silicon Valley Bank (SVB), Goldman Sachs analysts predicted that they “no longer expect an interest rate hike” at March 22 meeting. In the past, Goldman Sachs reportedly predicted that Fed’s interest rates would increase by 25

March 13, 2023 2 mins read

Coinbase Reveals $240M Exposure to Closed Signature Bank

Many cryptocurrency firms announced on Twitter if they were impacted by the government suspension of crypto-friendly Signature Bank, which emerged as the latest institution to fall after a spate of bank collapses late Sunday. In yet another blow, the Federal Reserve, the United States Treasury, and the Federal Deposit Insurance

March 13, 2023 2 mins read

Binance Swaps $1 Billion Industry Recovery Funds to BTC, ETH and BNB

With the failure of crypto-friendly institutions and the depeg events of stablecoins, Binance CEO Changpeng Zhao said on Monday that the exchange will move the remaining money in the Industry Recovery Initiative into Bitcoin (BTC), Binance Coin (BNB), and Ethereum (ETH). Binance CEO Changpeng Zhao (CZ) came to Twitter in

March 13, 2023 2 mins read

Bitcoin Price Back to $22K, Sign of Recovery?

The largest cryptocurrency, Bitcoin ($BTC), starts the week with significant price changes. BTC soared more than 9.5% in the last 24 hours after plunging as low as the $19 range over the weekend. Also, the biggest altcoin, Ethereum ($ETH), rose by almost 10%.  The price of Bitcoin is skyrocketing as

March 13, 2023 2 mins read

The Long-Awaited Shibarium Is Live, Will It Boost the Shiba Inu (SHIB) Price?

Shiba Inu’s developer Shytoshi Kusama finally made the much-anticipated announcement on Sunday that the beta version of Shibarium is now attainable to the general public. According to Kusama, a large, worldwide, and decentralized group required a decentralized Layer 2 network. Due to the presence of Shibarium as a layer-2 protocol,

March 13, 2023 1 min read