Binance, a cryptocurrency exchange, has announced that it would stop accepting deposits and withdrawals in British pounds sterling as of May 22 unless it can secure a new service provider. According to an email issued to clients on Monday, the British partner that Binance employs for Faster Payments Service transactions,
The decentralized pioneer Bitcoin transitions to an uptrend spiking the anticipation of a bull run. Despite the Fed economy being in financial distress of the centralized bank runs, BTC outperformed by surging above $24,000. Following the closure of Signature bank, BTC shot up from $20k to $24.8K. Significantly, since the
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
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
With the weekend’s news of the closure of a Silicon Valley bank, which dominated headlines, stock trading in the shares of many banks was suspended today due to extreme volatility. A few examples include Charles Schwab, Western Alliance, and First Alliance. The news follows today’s comments by President Joe Biden
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%.
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,
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
The macroeconomy witnessed a cascade of bank failures – Silvergate, Silicon Valley, and now Signature – in the US economy. Since all these were crypto-friendly banks, the impact of their collapses caused significant declines in the crypto market. The sudden de-pegging of Circle-issued USDC is the evident aftermath of the
Institute’s Senior Leadership Expands With deGarmo’s Transformational Leadership and Data-Driven Diplomacy WEST LAFAYETTE, Ind. & WASHINGTON–(BUSINESS WIRE)–The Krach Institute for Tech Diplomacy at Purdue continues its rapid growth with the appointment of Senior U.S. State Department Official Janice L. deGarmo as Chief Operating Officer, effective March 13. deGarmo served as
