Decentralized exchange Uniswap version 3 (V3) is officially live on the BNB Chain, the smart contracts-based blockchain developed by the crypto exchange Binance. Significantly, the DEX executed this integration after receiving 66% of governance votes from its community. The proposal submitted in February was met with a positive response and
The “Shapella” update for Ethereum on Goerli is now complete. With the update, validators will be able to withdraw the ETH they have been holding since 2020. The final test run before withdrawals go live on the mainnet in April 2023 is the Goerli testnet, where the hard split went
It was revealed on Wednesday by Lido Finance, the biggest Ethereum liquid staking platform, that withdrawals of Lido-staked ETH (stETH) will likely be postponed until May, after the successful completion of all ongoing audits of Lido V2 codes. On March 15, Lido tweeted an update about the staking mechanism for
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
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
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
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
Signature Bank was shut down by US authorities after the collapse of Silicon Valley Bank made headlines. Specifically, the New York-based bank has been shuttered claiming “systemic risk,” according to a joint statement made today by the Federal Reserve, Treasury, and FDIC. Customers of SVB will have access to their
The largest cryptocurrency, Bitcoin ($BTC), starts the week with significant price changes. BTC soared more than 9.5% in the last 24 hours after plunging as low as the $19 range over the weekend. Also, the biggest altcoin, Ethereum ($ETH), rose by almost 10%. The price of Bitcoin is skyrocketing as
According to the most current nonfarm payroll statistics from the Bureau of Labor Statistics, the United States gained 311,000 jobs in the month of February. It’s less than the previously reported 517,000 jobs gained in January, but it’s still far more than the 225,000 jobs that experts expected would be
