Binance, the world’s largest crypto exchange by trading volume updated its zero-fee Bitcoin trading program. Today Binance CEO Changpeng Zhao announced the cryptocurrency exchange moving zero-fee BTC trading from Binance USD (BUSD) to TrueUSD (TUSD) on March 22. Important update. Given recent events, we are moving 0 fee BTC trading
Due to the drastic previous year and collapse of multiple behemoths including FTX, Anchorage Digital is the latest cryptocurrency company to announce strategic layoffs. The firm has had to lay off around 75 employees, or 20% of the total workforce. A corporate spokesperson informed that the layoffs are unconnected to
Following the Fed’s CPI data release on Tuesday, the global crypto market is rebounding by displaying bullish rallies. Since the onset of 2023, memecoins and AI-based crypto tokens dominated the trending lists on Twitter and various aggregator feeds – CoinMarketCap and Coingecko. Significantly, Bitcoin and Ethereum reclaimed the ranks and
The value of Bitcoin (BTC), the biggest cryptocurrency, increased by an astounding 18% during the previous 24 hours to surpass the $26,000 mark. This increase occurs after inflation rates seemed to be leveling off in February. Yet, February’s inflation increase was in keeping with market forecasts. The annual inflation rate
The United States Consumer Price Index (CPI) data exhibited conflicting inflation indications on March 14, driving Bitcoin (BTC) over $26,000. The announcement of the Consumer Price Index for February triggered an unexpected wave of turbulence. Year-over-year inflation rose by 6%, while inflation from month-to-month came in at 0.4%, which was
Credits rating agency Moody’s downgraded the debt rating of recently collapsed New York-based Signature Bank deep into “junk territory.” Moody’s rated Signature bank’s subordinate debt c, the grade indicates that the company is vulnerable to adverse economic conditions. It also stated that Moody’s withdraws the future ratings of the collapsed
As per reports from Bloomberg, investors have filed a fraud lawsuit against the Silicon Valley Bank, which was shut down last week. Additionally, the financial institution’s abrupt and unexpected collapse is the greatest bank failure since the 2008 financial crisis. The Federal Reserve made an announcement over the weekend that
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
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%.
