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Cryptocurrency News

Location American Cryptocurrency News for 17 March 2023
US Senator: Signature Bank Collapsed Because It Embraced Crypto Customers Without Sufficient Safeguards U.S. Senator Elizabeth Warren alleges that Signature Bank failed because it “bought into its get-rich-quick narrative” and “embraced crypto customers with insufficient safeguards.” Emphasizing that the bank took ...
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European Commissioner Says Impact of SVB Collapse 'Limited' as Credit Suisse Drags Down Banking Stocks Silicon Valley Bank’s (SVB) collapse has had a “limited impact” on the European Union but authorities must still “stay alert” to events as they unfold, European Commissioner Mairead McGuinness has said. Despite...
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Tokenized Diamond Market Booms Amid Crypto Banking Crisis as Investors Seek Hard Assets - Here's What You Need to Know At the time when banks were collapsing last weekend and a major stablecoin depegged, tokenized diamond sales jumped 300%. Investors turned their focus to digitized diamonds in search of safe haven amid high market volati...
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Ethereum's Annualized Deflation Rate Briefly Surpasses 5% - Here's How That Can Impact The ETH Price The rate at which the Ether (ETH) supply is deflating, which has been accelerating in recent weeks, recently saw a spike higher. Ether is the cryptocurrency that powers the smart-contract-enabled Ethereum blockchain. ETH...
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Bitcoin Adds Nearly 1 Million Non-Zero Addresses in Under 1 Month - What Positive On-chain Trends Mean for the BTC Price In less than one month, the Bitcoin network has added nearly one million wallets that hold a non-zero balance. According to data presented by Glassnode, in late February, the number of non-zero wallets on the network dip...
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Republican Congressman Tom Emmer Queries FDIC on Alleged Efforts to Purge Crypto Activity from US On Wednesday, Tom Emmer, the U.S. Republican congressman from Minnesota, revealed he sent a letter to Martin Gruenberg, the chairman of the Federal Deposit Insurance Corporation (FDIC), regarding reports that the FDIC is...
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FTX Firms Had $6.8B Hole in Balance Sheet at Time of Bankruptcy The group of companies had debts of about $11.6 billion against $4.8 billion in assets, according to a presentation filed by its advisers.
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Baron Davis: Bringing Athletes to Web3

Coin Desk - 17 Mar 2023 23:54
Baron Davis: Bringing Athletes to Web3 The electric ex-NBA point guard is teaching sports clients to engage with communities using crypto tech.
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Cardano Price Forecast as On-Chain Data Shows Huge Whale Activity - What Do They Know? Cardano (ADA), the cryptocurrency that powers the smart-contract-enabled Cardano blockchain, was last changing hands around $0.34 per token, up around 4% on the day amid a broader rally in cryptocurrencies, but lifted so...
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'Next Round of Bailouts Is Here' -- Bitcoin and Precious Metals Soar Amid Speculation of Fed Policy Change At around 7:30 a.m. ET, the price of bitcoin skyrocketed past the $27,000 range to a high of $27,025 per unit. Precious metals, or PMs, like gold and silver, also rose between 1.98% and 2.12% against the U.S. dollar over...
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The NFT Louvre Exhibit That Wasn't: Untangling the Public Mess of a Non-Event Last week, AI artist Claire Silver announced her NFTs would be displayed at the Louvre Museum in Paris - which The Louvre denied shortly after. Here's what happened.
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The Truth About Artificial Intelligence and Creativity Artificial intelligence allows creators to be creative, but even sophisticated AIs are really just an advanced form or copying, says David Z. Morris. This feature is part of CoinDesk's Culture Week.
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Animoca Brands Co-Founder: Royalties Make It Possible for NFT Projects to Flourish The computer gaming firm supports royalties and by removing them, it would only "send the industry backwards, co-founder Yat Siu, said.
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What are buy and sell walls in crypto, and how can one identify them? Whales can manipulate buy and sell orders because they can deploy excessive capital into the market.
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Former NY Regulator: Crypto Isn't the Reason Why Signature Bank Was Closed But instead, the firm did not provide reliable and consistent data, creating a significant crisis of confidence in the bank's leadership, Maria Vullo, previously a superintendent at the government department, told CoinDe...
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Stablecoin Supply Plummets After Depegging Event: $7.4B Dollar-Pegged Tokens Withdrawn From Circulation During the past 11 days, over 7 billion USDC stablecoins have been withdrawn from circulation, with most of the redemptions occurring following the depegging event of USDC on March 11, 2023. Furthermore, since March 6, a...
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This Crisis Will Define the Future of Money

Coin Desk - 17 Mar 2023 20:11
This Crisis Will Define the Future of Money The recent collapse of three high-profile banks - Silicon Valley Bank, Silvergate Bank and Signature Bank - has caused worrying outflows at hundreds of regional banks. Now, with the U.S. Federal Reserve creating a new ba...
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Bitcoin Price Prediction as BTC Pumps Up 7% - Is a New Bull Market Starting? The price of Bitcoin has surged by 7%, prompting speculation that a new bull market may be starting. This recent increase has caught the attention of investors, who are closely watching the cryptocurrency market for any ...
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Best Crypto to Buy Now 17 March - LHINU, STX, FGHT, FTM, METRO, CCHG, TARO Bitcoin hit a new nine-month high earlier today as a result of the latest events surrounding the U.S. banking crisis, which have given a boost to the crypto market. According to coinmarketcap, Bitcoin registered a high o...
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Price analysis 3/17: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, SOL, DOT, SHIB Bitcoin has risen above $25,000 and if bulls flip this level into support during the next pullback, it will signal the start of a new up-move to $32,000.
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Banking crisis: What does it mean for crypto?

Coin Telegraph - 17 Mar 2023 19:00
Banking crisis: What does it mean for crypto? In our latest Cointelegraph Report, we broke down the main events that led to the collapse of Silvergate, SVB and Signature Bank and explain what this all could mean for crypto.
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SVB Financial Group Files for Chapter 11 Bankruptcy Protection to 'Preserve' Firm's Value On March 17, 2023, SVB Financial Group, the parent company of Silicon Valley Bank, filed for Chapter 11 bankruptcy protection in the Southern District of New York. The company stated that it is no longer associated with ...
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