Another crypto industry giant Silvergate Capital is in danger of collapsing less than four months after Sam Bankman-Fried’s crypto exchange FTX and its sister company Alameda Research filed for bankruptcy. The global cryptocurrency market cap plummeted from $1.13 trillion to $1.02 trillion in just three days. The warning spread throughout
One River Digital Asset Management is a top institutional digital asset manager and SEC-registered investment advisor, and it was recently bought by Coinbase Global Inc., the biggest cryptocurrency exchange in the United States. As a result of the purchase, One River will serve as Coinbase Asset Management’s flagship operation, advising
According to DappRadar’s analysis of market activity, the number of NFT sales surged in February to levels not seen since the beginning of crypto winter in the spring of 2022. This is a huge increase from January when trading was $941 million when it jumped to almost $2.04 billion. Based
The renowned “coin mixer” Tornado Cash was prohibited in the United States last year. But, the Ethereum community has been hard at work on a solution, Privacy Pools, that they think would deter the federal government from interfering. In August, the U.S. Treasury Department placed restrictions on Tornado Cash because
While the top cryptocurrencies’ prices declined, community-driven meme crypto FLOKI CEO (FLOKICEO) price jumped over 51% in the last 24 hours. At the time of writing, FLOKICEO traded at $0.00000000003142 with a 24-hour trading volume of 500K and has a market cap of $12 million, as per CoinMarketCap. On the
The trillion-dollar cryptocurrency market is being bombarded with a mix of events – regulation updates, delistings, new listings, and high price spikes owing to soaring community hype. Remarkably, since the start of 2023, memecoins swayed the crypto sector with its new launches and upcoming updates. Let us now have a
On Thursday, several cryptocurrency firms issued statements crafted to distance themselves from the crypto-friendly bank Silvergate Capital, whose shares have experienced a dramatic drop following the announcement that the firm would delay the publishing of its annual report and could report additional losses. Recently it was revealed that Coinbase, the
Following prominent crypto exchanges such as the Coinbase announcement, which made its distance with Silvergate bank, Bitcoin, Ethereum, and the rest of the cryptocurrency market have taken a significant blow. A sharp decline in the price of Bitcoin and across the global crypto market has sparked a flood of liquidations.
The third-most visited cryptocurrency exchange in the world, Bybit, has announced an exciting cooperation with Talos, the leading supplier of institutional digital asset trading technology. The integration combines the strength of Bybit’s access to a broad range of digital assets and best-in-market enterprise solutions, such as trading execution with accuracy, with
This week, two major UK banks—Nationwide Building Society and HSBC Holdings Plc—tightened restrictions on retail clients’ access to cryptocurrency assets in the wake of recent scandals and regulatory cautions in the sector. The building society advised its clients on Wednesday. That the daily limit for using a debit card to
