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/
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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/
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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%)
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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/
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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/
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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/
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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
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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
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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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CBDCs should protect privacy, not be a surveillance tool: Former CFTC chair
Former CFTC Chair Christopher Giancarlo says that Anti-Money Laundering and Know Your Customer measures are both outdated and constitutionally questionable and that crypto technology could do better.
The United States should lead the development of central bank digital currencies (CBDCs) away from being “surveillance coins” and toward being “freedom coins,” says the former chair of…
https://cryptoinsight.ae/cbdcs-should-protect-privacy-not-be-a-surveillance-tool-former-cftc-chair/
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Former CFTC Chair Christopher Giancarlo says that Anti-Money Laundering and Know Your Customer measures are both outdated and constitutionally questionable and that crypto technology could do better.
The United States should lead the development of central bank digital currencies (CBDCs) away from being “surveillance coins” and toward being “freedom coins,” says the former chair of…
https://cryptoinsight.ae/cbdcs-should-protect-privacy-not-be-a-surveillance-tool-former-cftc-chair/
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Hello there!
Day started from:
The global cryptocurrency market cap today is $1.14 Trillion, a 1.8% change in the last 24 hours
Bitcoin ~ $24,801.75 (1.3%)
Ethereum ~ $1,706.66 (1.5%)
Solana ~ $21.24 (3.9%)
Polkadot ~ $6.31 (2.3%)
Flow ~ $1.05 (5.3%)
Follow and subscribe - @GulfCryptoInsight
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Day started from:
The global cryptocurrency market cap today is $1.14 Trillion, a 1.8% change in the last 24 hours
Bitcoin ~ $24,801.75 (1.3%)
Ethereum ~ $1,706.66 (1.5%)
Solana ~ $21.24 (3.9%)
Polkadot ~ $6.31 (2.3%)
Flow ~ $1.05 (5.3%)
Follow and subscribe - @GulfCryptoInsight
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Signature Bank investigated for money laundering prior to demise: Report
The pro-crypto bank was reportedly under dual investigations to uncover if it was taking proactive measures to stop money laundering.
The cryptocurrency-friendly Signature Bank was reportedly being investigated by two United States government bodies prior to its collapse.
According to a March 15 Bloomberg report citing people familiar with the matter, investigators with the Justice…
https://cryptoinsight.ae/signature-bank-investigated-for-money-laundering-prior-to-demise-report/
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The pro-crypto bank was reportedly under dual investigations to uncover if it was taking proactive measures to stop money laundering.
The cryptocurrency-friendly Signature Bank was reportedly being investigated by two United States government bodies prior to its collapse.
According to a March 15 Bloomberg report citing people familiar with the matter, investigators with the Justice…
https://cryptoinsight.ae/signature-bank-investigated-for-money-laundering-prior-to-demise-report/
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US banking system outlook downgraded to ‘negative’ following recent bank failures
Recent bank failures have highlighted the need for Blockchain-based cryptocurrency such as Bitcoin.
Credit rating agency Moody’s has recently downgraded its outlook on the entire United States banking system from “stable” to “negative.” The move comes in light of the recent failures of Silicon Valley Bank, Silvergate Bank and Signature Bank, which has prompted regulators…
https://cryptoinsight.ae/us-banking-system-outlook-downgraded-to-negative-following-recent-bank-failures/
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Recent bank failures have highlighted the need for Blockchain-based cryptocurrency such as Bitcoin.
Credit rating agency Moody’s has recently downgraded its outlook on the entire United States banking system from “stable” to “negative.” The move comes in light of the recent failures of Silicon Valley Bank, Silvergate Bank and Signature Bank, which has prompted regulators…
https://cryptoinsight.ae/us-banking-system-outlook-downgraded-to-negative-following-recent-bank-failures/
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AI-based tools bring security and transparency to the NFT market
AI-powered blockchain analytics aims to protect NFT users from security issues haunting the ecosystem.
The unhinged growth of nonfungible tokens (NFTs) has come with undesirable costs, and the tech sector is stepping up to fix it. In less than a decade, the NFT space has expanded from pixelated punks to an established proof-of-ownership for digital…
https://cryptoinsight.ae/ai-based-tools-bring-security-and-transparency-to-the-nft-market/
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AI-powered blockchain analytics aims to protect NFT users from security issues haunting the ecosystem.
The unhinged growth of nonfungible tokens (NFTs) has come with undesirable costs, and the tech sector is stepping up to fix it. In less than a decade, the NFT space has expanded from pixelated punks to an established proof-of-ownership for digital…
https://cryptoinsight.ae/ai-based-tools-bring-security-and-transparency-to-the-nft-market/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $1.11 Trillion, a -2.2% change in the last 24 hours
Bitcoin ~ $24,583.11 (-0.8%)
Ethereum ~ $1,653.73 (-2.9%)
Solana ~ $19.43 (-8.2%)
Polkadot ~ $5.99 (-4.8%)
Flow ~ $0.985509 (-6.1%)
Follow and subscribe - @GulfCryptoInsight
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Day started from:
The global cryptocurrency market cap today is $1.11 Trillion, a -2.2% change in the last 24 hours
Bitcoin ~ $24,583.11 (-0.8%)
Ethereum ~ $1,653.73 (-2.9%)
Solana ~ $19.43 (-8.2%)
Polkadot ~ $5.99 (-4.8%)
Flow ~ $0.985509 (-6.1%)
Follow and subscribe - @GulfCryptoInsight
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Euler hacker seemingly taking their chances, sends funds to crypto mixer
Before the move, the hacker apparently refunded at least one victim, leading to a slew of on-chain messages from other purported victims.
The hacker responsible for the $196 million attack on Euler Finance has begun moving funds into crypto mixer Tornado Cash, only hours after a $1 million bounty was launched to uncover the hacker’s…
https://cryptoinsight.ae/euler-hacker-seemingly-taking-their-chances-sends-funds-to-crypto-mixer/
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Before the move, the hacker apparently refunded at least one victim, leading to a slew of on-chain messages from other purported victims.
The hacker responsible for the $196 million attack on Euler Finance has begun moving funds into crypto mixer Tornado Cash, only hours after a $1 million bounty was launched to uncover the hacker’s…
https://cryptoinsight.ae/euler-hacker-seemingly-taking-their-chances-sends-funds-to-crypto-mixer/
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Coinbase met with Australian banking regulators over local crypto regulations
Coinbase’s vice president of international policy told Cointelegraph the meetings took place in Canberra and Sydney and touched on the government’s token mapping efforts.
The Reserve Bank of Australia (RBA) and Treasury have been holding private meetings with executives from Coinbase, with discussions revolving around the future of crypto regulation in Australia.
Responding to Cointelegraph’s…
https://cryptoinsight.ae/coinbase-met-with-australian-banking-regulators-over-local-crypto-regulations/
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Coinbase’s vice president of international policy told Cointelegraph the meetings took place in Canberra and Sydney and touched on the government’s token mapping efforts.
The Reserve Bank of Australia (RBA) and Treasury have been holding private meetings with executives from Coinbase, with discussions revolving around the future of crypto regulation in Australia.
Responding to Cointelegraph’s…
https://cryptoinsight.ae/coinbase-met-with-australian-banking-regulators-over-local-crypto-regulations/
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US credit crunch means it’s time to buy gold and Bitcoin: Novogratz
The Galaxy Digital CEO predicts tough times ahead for the United States economy but continues to be bullish on crypto.
The United States is headed for a credit crunch and now is the right time to buy gold, silver and Bitcoin, says Galaxy Digital founder and CEO Michael Novogratz.
“We are going to have a…
https://cryptoinsight.ae/us-credit-crunch-means-its-time-to-buy-gold-and-bitcoin-novogratz/
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The Galaxy Digital CEO predicts tough times ahead for the United States economy but continues to be bullish on crypto.
The United States is headed for a credit crunch and now is the right time to buy gold, silver and Bitcoin, says Galaxy Digital founder and CEO Michael Novogratz.
“We are going to have a…
https://cryptoinsight.ae/us-credit-crunch-means-its-time-to-buy-gold-and-bitcoin-novogratz/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $1.16 Trillion, a 4.1% change in the last 24 hours
Bitcoin ~ $25,959.31 (5.7%)
Ethereum ~ $1,714.87 (3.6%)
Solana ~ $20.11 (3.4%)
Polkadot ~ $6.24 (4.1%)
Flow ~ $1.03 (4.6%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $1.16 Trillion, a 4.1% change in the last 24 hours
Bitcoin ~ $25,959.31 (5.7%)
Ethereum ~ $1,714.87 (3.6%)
Solana ~ $20.11 (3.4%)
Polkadot ~ $6.24 (4.1%)
Flow ~ $1.03 (4.6%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram