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
Today, the Ethereum-based zero-knowledge (ZK) layer-2 blockchain CryptoGPT launches its native crypto token ‘GPT.’ By debuting its own currency, CryptoGPT is seekings to capitalize on the popularity of ChatGPT and artificial intelligence (AI). However, leading cryptocurrency exchanges such as Bitfinex, PancakeSwap, Uniswap, Bybit, Bitget, and others listed the new crypto
The Starbucks Odyssey rewards programme, built on the Ethereum sidechain network Polygon and now in beta, is a major move for the coffee giant into the Web3 sphere. After distributing some free prize NFTs to the platform’s early users, the company released its first premium collectable for sale. Beta users
The leading crypto exchange KuCoin is being sued by the New York Attorney General’s office for allegedly breaking state securities and commodities laws. In the case, Attorney General Letitia James makes the shocking statement that Ethereum (ETH), the second-largest cryptocurrency by market capitalization, is a “Security” in addition to Terra
