Silvergate downfall sparks debate over whose fault it actually was
The demise of the crypto-friendly bank has prompted discussion about who tipped the first domino, and where crypto firms can turn for their banking needs.
The voluntary liquidation of crypto-friendly bank Silvergate has sparked many to share their thoughts about the source of its troubles and the broader impact of the bank’s collapse on crypto.…
https://cryptoinsight.ae/silvergate-downfall-sparks-debate-over-whose-fault-it-actually-was/
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The demise of the crypto-friendly bank has prompted discussion about who tipped the first domino, and where crypto firms can turn for their banking needs.
The voluntary liquidation of crypto-friendly bank Silvergate has sparked many to share their thoughts about the source of its troubles and the broader impact of the bank’s collapse on crypto.…
https://cryptoinsight.ae/silvergate-downfall-sparks-debate-over-whose-fault-it-actually-was/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $967 Billion, a -7.3% change in the last 24 hours
Bitcoin ~ $19,952.84 (-8.2%)
Ethereum ~ $1,416.92 (-7.9%)
Solana ~ $17.06 (-8.3%)
Polkadot ~ $5.41 (-4.0%)
Flow ~ $0.885912 (-7.8%)
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Day started from:
The global cryptocurrency market cap today is $967 Billion, a -7.3% change in the last 24 hours
Bitcoin ~ $19,952.84 (-8.2%)
Ethereum ~ $1,416.92 (-7.9%)
Solana ~ $17.06 (-8.3%)
Polkadot ~ $5.41 (-4.0%)
Flow ~ $0.885912 (-7.8%)
Follow and subscribe - @GulfCryptoInsight
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Breaking: Bitcoin slips under $20K amid Biden budget, Silvergate collapse
The price of BTC briefly slipped under $20,000 on March 10, although at time of writing was hovering just above that level.
Bitcoin briefly slipped below $20,000 for the first time in nearly two months, following the latest budget from United States President Joe Biden and the collapse of “crypto-bank” Silvergate.
The price of BTC…
https://cryptoinsight.ae/breaking-bitcoin-slips-under-20k-amid-biden-budget-silvergate-collapse/
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The price of BTC briefly slipped under $20,000 on March 10, although at time of writing was hovering just above that level.
Bitcoin briefly slipped below $20,000 for the first time in nearly two months, following the latest budget from United States President Joe Biden and the collapse of “crypto-bank” Silvergate.
The price of BTC…
https://cryptoinsight.ae/breaking-bitcoin-slips-under-20k-amid-biden-budget-silvergate-collapse/
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Hedera confirms exploit on mainnet led to theft of service tokens
Hedera said the smart contract exploit on Mar. 9 has not impacted the network or its consensus layer.
Hedera, the team behind distributed ledger Hedera Hashgraph, has confirmed a smart contract exploit on the Hedera Mainnet that has led to the theft of several liquidity pool tokens.
Hedera said the attacker targeted liquidity pool tokens…
https://cryptoinsight.ae/hedera-confirms-exploit-on-mainnet-led-to-theft-of-service-tokens/
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Hedera said the smart contract exploit on Mar. 9 has not impacted the network or its consensus layer.
Hedera, the team behind distributed ledger Hedera Hashgraph, has confirmed a smart contract exploit on the Hedera Mainnet that has led to the theft of several liquidity pool tokens.
Hedera said the attacker targeted liquidity pool tokens…
https://cryptoinsight.ae/hedera-confirms-exploit-on-mainnet-led-to-theft-of-service-tokens/
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US Fed to create new crypto team amid concerns about unregulated stablecoins
The Fed’s vice chair for supervision said that the central bank does not want to curb innovation but ensure that regulations protect households and the financial system.
The United States Federal Reserve is set to create a “specialized team of experts” to keep up with developments in the cryptocurrency industry, according to a Fed official,…
https://cryptoinsight.ae/us-fed-to-create-new-crypto-team-amid-concerns-about-unregulated-stablecoins/
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The Fed’s vice chair for supervision said that the central bank does not want to curb innovation but ensure that regulations protect households and the financial system.
The United States Federal Reserve is set to create a “specialized team of experts” to keep up with developments in the cryptocurrency industry, according to a Fed official,…
https://cryptoinsight.ae/us-fed-to-create-new-crypto-team-amid-concerns-about-unregulated-stablecoins/
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Hello there!
Day started from:
The global cryptocurrency market cap today is $981 Billion, a 1.3% change in the last 24 hours
Bitcoin ~ $20,396.11 (2.22%)
Ethereum ~ $1,460.06 (3.0%)
Solana ~ $18.16 (6.6%)
Polkadot ~ $5.56 (2.6%)
Flow ~ $0.880393 (-0.5%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $981 Billion, a 1.3% change in the last 24 hours
Bitcoin ~ $20,396.11 (2.22%)
Ethereum ~ $1,460.06 (3.0%)
Solana ~ $18.16 (6.6%)
Polkadot ~ $5.56 (2.6%)
Flow ~ $0.880393 (-0.5%)
Follow and subscribe - @GulfCryptoInsight
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Coinbase reiterates that staking services will continue, despite SEC crackdown
Despite the SEC looking to crackdown on supposed unregistered securities offerings via staking rewards programs, Coinbase has outlined that its services will continue.
Despite the recent crackdown by the U.S. Securities and Exchange Commission (SEC) on staking services offered by centralized providers, Coinbase has reiterated to customers that its staking services will continue, and “may…
https://cryptoinsight.ae/coinbase-reiterates-that-staking-services-will-continue-despite-sec-crackdown/
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Despite the SEC looking to crackdown on supposed unregistered securities offerings via staking rewards programs, Coinbase has outlined that its services will continue.
Despite the recent crackdown by the U.S. Securities and Exchange Commission (SEC) on staking services offered by centralized providers, Coinbase has reiterated to customers that its staking services will continue, and “may…
https://cryptoinsight.ae/coinbase-reiterates-that-staking-services-will-continue-despite-sec-crackdown/
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USDC depegs as Circle confirms $3.3B stuck with Silicon Valley Bank
At the time of writing, USDC lost 3% of its value as it traded at $0.969, and a Circle executive envisions broader implications for business, banking and entrepreneurs without a Federal rescue plan.
Almost immediately after USD Coin (USDC) issuer Circle revealed it was not able to withdraw $3.3 billion of its $40 billion from…
https://cryptoinsight.ae/usdc-depegs-as-circle-confirms-3-3b-stuck-with-silicon-valley-bank/
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At the time of writing, USDC lost 3% of its value as it traded at $0.969, and a Circle executive envisions broader implications for business, banking and entrepreneurs without a Federal rescue plan.
Almost immediately after USD Coin (USDC) issuer Circle revealed it was not able to withdraw $3.3 billion of its $40 billion from…
https://cryptoinsight.ae/usdc-depegs-as-circle-confirms-3-3b-stuck-with-silicon-valley-bank/
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4 strategies for staking Ethereum
From liquidity pools to liquid staking and “looping,” here are a few approaches you can take to ETH staking — categorized by the Chinese Zodiac.
Staked Ether, liquid derivatives — it’s a whirlygig of smart contracts and big-brain blockchain jargon out there. Nonetheless, there are a few paths through the ETH staking wilderness.
But remember,…
https://cryptoinsight.ae/4-strategies-for-staking-ethereum/
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From liquidity pools to liquid staking and “looping,” here are a few approaches you can take to ETH staking — categorized by the Chinese Zodiac.
Staked Ether, liquid derivatives — it’s a whirlygig of smart contracts and big-brain blockchain jargon out there. Nonetheless, there are a few paths through the ETH staking wilderness.
But remember,…
https://cryptoinsight.ae/4-strategies-for-staking-ethereum/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $980 Billion, a -0.1% change in the last 24 hours
Bitcoin ~ $20,394.90 (-0.1%)
Ethereum ~ $1,466.65 (0.5%)
Solana ~ $17.96 (-1.0%)
Polkadot ~ $5.49 (-1.2%)
Flow ~ $0.857491 (-2.4%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $980 Billion, a -0.1% change in the last 24 hours
Bitcoin ~ $20,394.90 (-0.1%)
Ethereum ~ $1,466.65 (0.5%)
Solana ~ $17.96 (-1.0%)
Polkadot ~ $5.49 (-1.2%)
Flow ~ $0.857491 (-2.4%)
Follow and subscribe - @GulfCryptoInsight
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Bill Ackman warns US gov’t: Fix mistake in ‘48 hours’ or face ‘destruction’
Billionaire Bill Ackman said that SVB’s senior management made a “basic mistake” but should be fired.
Billionaire Bill Ackman has urged the United States government to “guarantee” all Silicon Valley Bank’s (SVB)’s deposits within the next “48 hours,” or it risks the “destruction” of many financial institutions.
In a Mar. 11 tweet, Bill Ackman, CEO…
https://cryptoinsight.ae/bill-ackman-warns-us-govt-fix-mistake-in-48-hours-or-face-destruction/
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Billionaire Bill Ackman said that SVB’s senior management made a “basic mistake” but should be fired.
Billionaire Bill Ackman has urged the United States government to “guarantee” all Silicon Valley Bank’s (SVB)’s deposits within the next “48 hours,” or it risks the “destruction” of many financial institutions.
In a Mar. 11 tweet, Bill Ackman, CEO…
https://cryptoinsight.ae/bill-ackman-warns-us-govt-fix-mistake-in-48-hours-or-face-destruction/
Website | Twitter | LinkedIn | Telegram
Silicon Valley Bank failure could trigger run on U.S. regional banks
A petition urging regulators to step in claims that nearly 40,000 of all depositors at Silicon Valley Bank are small businesses.
Federal Reserve and Federal Deposit Insurance Corporation (FDIC) decisions concerning the future of Silicon Valley Bank may affect regional banks across the United States, putting trillions of dollars at risk of a bank run,…
https://cryptoinsight.ae/silicon-valley-bank-failure-could-trigger-run-on-u-s-regional-banks/
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A petition urging regulators to step in claims that nearly 40,000 of all depositors at Silicon Valley Bank are small businesses.
Federal Reserve and Federal Deposit Insurance Corporation (FDIC) decisions concerning the future of Silicon Valley Bank may affect regional banks across the United States, putting trillions of dollars at risk of a bank run,…
https://cryptoinsight.ae/silicon-valley-bank-failure-could-trigger-run-on-u-s-regional-banks/
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Insolvency fears led many to turn to other stablecoins, sell USDC at a major discount
Several USD Coin holders have fled to other stablecoins amid fears surrounding its solvency.
Several USD Coin holders have fled to other stablecoins since March 10 amid fears surrounding its solvency following the disclosure that a small portion of USDC’s collateral was held at Silicon Valley Bank.
However, not all of them had success during…
https://cryptoinsight.ae/insolvency-fears-led-many-to-turn-to-other-stablecoins-sell-usdc-at-a-major-discount/
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Several USD Coin holders have fled to other stablecoins amid fears surrounding its solvency.
Several USD Coin holders have fled to other stablecoins since March 10 amid fears surrounding its solvency following the disclosure that a small portion of USDC’s collateral was held at Silicon Valley Bank.
However, not all of them had success during…
https://cryptoinsight.ae/insolvency-fears-led-many-to-turn-to-other-stablecoins-sell-usdc-at-a-major-discount/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $1.06 Trillion, a 7.8% change in the last 24 hours
Bitcoin ~ $22,283.42 (9.1%)
Ethereum ~ $1,600.40 (9.0%)
Solana ~ $19.57 (9.0%)
Polkadot ~ $5.88 (7.3%)
Flow ~ $0.940155 (9.6%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $1.06 Trillion, a 7.8% change in the last 24 hours
Bitcoin ~ $22,283.42 (9.1%)
Ethereum ~ $1,600.40 (9.0%)
Solana ~ $19.57 (9.0%)
Polkadot ~ $5.88 (7.3%)
Flow ~ $0.940155 (9.6%)
Follow and subscribe - @GulfCryptoInsight
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Silicon Valley Bank collapse: Everything that’s happened until now
Events surrounding Silicon Valley Bank are moving fast. Here is a breakdown of the major developments over the last week.
The sudden collapse of Silicon Valley Bank (SVB) has quickly unfolded over the last week, depegging stablecoins, leading regulators in the United States and the United Kingdom to prepare emergency plans and raising fears among…
https://cryptoinsight.ae/silicon-valley-bank-collapse-everything-thats-happened-until-now/
Website | Twitter | LinkedIn | Telegram
Events surrounding Silicon Valley Bank are moving fast. Here is a breakdown of the major developments over the last week.
The sudden collapse of Silicon Valley Bank (SVB) has quickly unfolded over the last week, depegging stablecoins, leading regulators in the United States and the United Kingdom to prepare emergency plans and raising fears among…
https://cryptoinsight.ae/silicon-valley-bank-collapse-everything-thats-happened-until-now/
Website | Twitter | LinkedIn | Telegram
Biden vows to hold those responsible for SVB, Signature collapse
US President Joe Biden on Twitter said he is “firmly committed” to holding those responsible for the Silicon Valley Bank and Signature Bank collapse “fully accountable.”
The President of the United States Joe Biden has vowed to hold those responsible for the failure of Silicon Valley Bank and Signature Bank while assuring Americans that their…
https://cryptoinsight.ae/biden-vows-to-hold-those-responsible-for-svb-signature-collapse/
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US President Joe Biden on Twitter said he is “firmly committed” to holding those responsible for the Silicon Valley Bank and Signature Bank collapse “fully accountable.”
The President of the United States Joe Biden has vowed to hold those responsible for the failure of Silicon Valley Bank and Signature Bank while assuring Americans that their…
https://cryptoinsight.ae/biden-vows-to-hold-those-responsible-for-svb-signature-collapse/
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‘Nobody left to bank crypto companies’ — Crypto Twitter reacts
Prominent members of the crypto community have expressed uncertainty after the loss of crypto friendly banks.
Crypto companies could find it harder to access traditional banking partners with the loss of two major crypto-friendly banks in less than a week, according to some in the crypto community.
On Mar. 12, the Federal Reserve announced the…
https://cryptoinsight.ae/nobody-left-to-bank-crypto-companies-crypto-twitter-reacts/
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Prominent members of the crypto community have expressed uncertainty after the loss of crypto friendly banks.
Crypto companies could find it harder to access traditional banking partners with the loss of two major crypto-friendly banks in less than a week, according to some in the crypto community.
On Mar. 12, the Federal Reserve announced the…
https://cryptoinsight.ae/nobody-left-to-bank-crypto-companies-crypto-twitter-reacts/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $1.12 Trillion, a 5.8% change in the last 24 hours
Bitcoin ~ $24,476.67 (9.8%)
Ethereum ~ $1,679.85 (5.0%)
Solana ~ $20.43 (4.5%)
Polkadot ~ $6.16 (4.6%)
Flow ~ $0.998746 (6.4%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $1.12 Trillion, a 5.8% change in the last 24 hours
Bitcoin ~ $24,476.67 (9.8%)
Ethereum ~ $1,679.85 (5.0%)
Solana ~ $20.43 (4.5%)
Polkadot ~ $6.16 (4.6%)
Flow ~ $0.998746 (6.4%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Bitcoin market cap flips tech giant Meta, widens gap on Visa
BTC’s market cap has climbed to the 11th spot amongst top assets by market cap and now sits behind electric vehicle maker Tesla.
Despite a turbulent week for crypto following the downfall of Silicon Valley Bank (SVB) and Signature Bank, Bitcoin market cap has managed to flip that of tech giant Meta.
At the time…
https://cryptoinsight.ae/bitcoin-market-cap-flips-tech-giant-meta-widens-gap-on-visa/
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BTC’s market cap has climbed to the 11th spot amongst top assets by market cap and now sits behind electric vehicle maker Tesla.
Despite a turbulent week for crypto following the downfall of Silicon Valley Bank (SVB) and Signature Bank, Bitcoin market cap has managed to flip that of tech giant Meta.
At the time…
https://cryptoinsight.ae/bitcoin-market-cap-flips-tech-giant-meta-widens-gap-on-visa/
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More than 280 blockchains at risk of ‘zero-day’ exploits, warns security firm
Dogecoin, Zcash and Litecoin have already patched the “critical” vulnerability, but hundreds of others may not have, risking billions’ worth of crypto.
280 or more blockchain networks are estimated to be at risk of “zero-day” exploits that could put at least $25 billion worth of crypto at risk, according to cybersecurity firm Halborn.
In a…
https://cryptoinsight.ae/more-than-280-blockchains-at-risk-of-zero-day-exploits-warns-security-firm/
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Dogecoin, Zcash and Litecoin have already patched the “critical” vulnerability, but hundreds of others may not have, risking billions’ worth of crypto.
280 or more blockchain networks are estimated to be at risk of “zero-day” exploits that could put at least $25 billion worth of crypto at risk, according to cybersecurity firm Halborn.
In a…
https://cryptoinsight.ae/more-than-280-blockchains-at-risk-of-zero-day-exploits-warns-security-firm/
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