Trading markets saw a surge of comfort as a result of the last-minute actions made by global financial authorities to avoid the banking disaster. The largest digital currency, Bitcoin (BTC), witnessed a spike of 5% on Monday, allowing it to break the $28,000 barrier after a long time. BitMEX’s previous
In response to growing calls for government oversight of the cryptocurrency sector. Taiwan, officially the Republic of China (ROC) on Monday appointed its top financial regulator as the primary agency responsible for doing so. Chairman of the Financial Supervisory Commission Huang Tien-mu has said that the financial regulator would first
Due to insufficient investor interest, 21Shares, a crypto ETP issuer located in Switzerland, would allegedly shut down five of its funds and delist another. According to Arielle Pennington, the company’s head of global communications, the company will keep offering its other products, which are in high demand. Bloomberg reports that
With the approval of American regulators, a division of New York Community Bancorp has agreed to buy deposits and loans from the recently shut down Signature Bank in New York. Flagstar Bank, a wholly owned subsidiary of Flagstar Bank, was announced by the FDIC to have agreed to acquire essentially
Core DAO, a layer-1 blockchain running on a combined Proof-of-Work (PoW) and Delegated Proof-of-Stake (DPoS) consensus mechanism known as “Satoshi Plus”, once again sparked Crypto Twitter with more than 11.5K tweets in just 24 hours. Following the trends over social media, the Core DAO token CORE price surged over 10.34%
Bitcoin (BTC) marked this year’s second high above $28,000 in the last 24 hours. Previously, BTC charted a high of $25,512 at the beginning of 2023. Amid global bank runs, Bitcoin’s bull run powers up the cryptocurrency market’s recovery. Notably, at press time, the Bitcoin fear and greed index stood
UBS Group AG, a private Swiss bank, has reportedly made a bid to acquire the financially troubled Credit Suisse Group AG. There have been reports recently of a confirmed merger between Credit Suisse and UBS. Credit Suisse, the country’s second-largest private lender, has been struck hard by the financial crisis.
Balaji Srinivasan, a former CTO at cryptocurrency exchange Coinbase, has placed a $1 million bet on the price of Bitcoin (BTC) rising to $1 million by June 17. On March 17, a Twitter user going by the alias “James Medlock” made a $1 million bet to anybody who could prove
An optimistic result for the cryptocurrency market at the forthcoming Federal Open Market Committee (FOMC) meeting is possible given the continued banking crisis and macroeconomic worries in the United States. On March 21st and 22nd, 2023, the Federal Open Market Committee will convene to discuss how best to achieve the
Another program has been developed by the government of El Salvador to show its enthusiasm for Bitcoin and encourage its use and expansion. This time, venture capital company Fulgur and stablecoin issuer Tether are backing a training program for Bitcoin and lightning developers. On Wednesday, the Bitcoin Office in El
