Robert Kiyosaki has issued a warning that a third U.S. bank will fail, while Peter Schiff has stated that a “greater collapse” is on the horizon. As a result of the failure of Silicon Valley Bank (SBV) & Silvergate Bank within forty-eight hours, the financial system in the United States has been jolted, and economic … Read more
Circle, the company that issued the USDC stablecoin, said late Friday that it still has about (1) $3.3 billion in reserves at Silicon Valley Bank out of a total of $40 billion. Once a panicked public rushed to withdraw their money from the high-tech lender, the stock price plummeted. On Friday, 48 hours after one … Read more
For the past twenty-four hours, interesting price activity has been seen in Huobi Token. This digital currency, which is native to the Huobi Global market, has witnessed a flash crash, which has resulted in its price falling by as much as 93 percent. During a short period, the value of digital money rebounded to practically … Read more
During her testimony before the Senate Agricultural Committee on March 8, Senator Gillibrand disclosed the next draft outline. The Commodities Futures Trading Commission (CFTC) oversight was the topic of conversation at the hosted event. During her speech (1), the American politician brought up an earlier version of the crypto law that she and Senator Lummis … Read more
The regulator has taken yet another step in its ongoing enforcement campaign. This time, it has accused BKCoin Management and its key person, Kevin Kang, of being involved in a fraudulent operation involving cryptocurrency assets. According to the regulating body (1), the company raised around one hundred million dollars from fifty-five investors to initially invest … Read more
In the year 2022, virtual asset financial firms contributed more than $2.7 billion to decentralized finance projects. Since 2021, the investments have climbed by 190, while investing in centralized finance projects has decreased by 73, resulting in a decrease of 4.3 billion dollars over the same period. Even though total crypto financing dropped to $18.25 … Read more
The Wall Street Journal has published an article detailing Bitfinex and Tether’s suspected illegal activities throughout the course of 2018. Since its debut in 2014, Tether has been plagued by a number of legal disputes and scandals, including this one. Tether has had legal trouble in the past, including a restriction from doing business in … Read more
After the regulatory crackdown carried out by U.S. authorities, Binance Dollar (BUSD) experienced a precipitous drop in the number of active addresses. The Binance ecosystem has seen a string of declines in recent weeks, and this latest one is the latest in that trend. Regression Clearly Visible at the BUSD Active Address The total … Read more
Xapo Bank recently announced that it has begun using the Lightning Network and has entered into a relationship with Lightspark. Because of this agreement, the organization will become the first private bank to be licensed to take Lightning payments. Users of Xapo Bank now have the ability, as stated (1) in a press release, to … Read more
Bitso, the leading cryptocurrency exchange in Latin America, has recently launched (1) a crypto debit card for consumers in Mexico in collaboration with Mastercard. ¡Llegó el día! ¡Anunciamos la llegada de la #BitsoCard a México! 🇲🇽🚀 💳 Bitso Card es una tarjeta con la que podrás utilizar los MXN de tu wallet para pagar el … Read more