Silvergate, the crypto-friendly banking service wind down its operations and is in process of voluntary liquidation. The bank announced the stoppage of crypto payment services, which was major “the heart” of the firm, as the week began. The crypto ecosystem now will have one less banking support. Silvergate news announcement
The latest action by the Indian government to tighten control over digital assets is the imposition of anti-money laundering regulations on the cryptocurrency industry. According to reports, the Finance Ministry specified that the regulation against money laundering has been applied to cryptocurrency trading, storage. And also associated financial services. The
Are the dramatic rise and consecutive demise of bullish rallies of assets in the stock market or the highly volatile crypto market normal? Do they indicate any specific economic phenomenon? Have these questions ever popped into your mind? Here are the answers – No, it is not normal to observe
In GMX’s (GMX) price prediction 2023, we use statistics, price patterns, RSI, RVOL, and much other information about GMX to analyze the future movement of the cryptocurrency. GMX Current Market Status Current Price $67.94 24 – Hour Trading Volume $39,775,673 24 – Hour Price Change 5.1% Down Circulating Supply 8,532,030
Fraudulent crypto mining operations are in no way escaping the regulatory radar of the US Securities and Exchange Commission (SEC). On March 3, SEC filed a lawsuit against Utah-based crypto mining firm Green United LLC for raising over $18 million in a fraudulent sale of crypto mining equipment and assets
The U.S. dollar turned slightly up today as traders and investors await the Federal Reserve Chair Jerome Powell’s testimony ahead of the last week’s jobs report, which will probably determine how much further the U.S. central bank raises interest rates. According to the Federal Reserve government report, Fed Chairman Jerome
Pawswap (PAW), a new token, is gathering steam on social media platforms, looking to attract cryptocurrency investors’ attention. The value of PAW has ramped up substantially because of the token’s rising popularity. According to CoinMarketCap, PAW was trading at $0.00000008047 and up 28.63% in the 24-hour day trade. Also, five
While the largest cryptocurrencies Bitcoin (BTC) and Ethereum (ETH) prices declined, Ripple’s native crypto token XRP price surged over 3% in a day. At the time of writing, XRP traded at $0.3754 with a market cap of more than $19 billion, as per CoinMarketCap data. Finally, an end to Ripple’s
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
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.
