Author: e_cash_top

[ad_1] The stablecoin market has seen significant changes over the past few weeks — including the removal of over 7 billion USDC stablecoins from circulation following the depegging event on March 11. Since then, USDC and other stablecoins have been re-pegged, and Circle’s stablecoin is currently trading at $1 on several centralized trading platforms as…

[ad_1] U.S.-based crypto exchange Coinbase is considering setting up an offshore exchange due to the recent regulatory clampdown on the crypto industry, Bloomberg reported on March 17. Coinbase reportedly contacted some institutional clients to discuss setting up an alternative marketplace for global users. While the location for this exchange is undecided, Bloomberg reported that the…

[ad_1] The crypto and NFT staking platform ParaSpace experienced an attempted exploit that put $5 million at risk, according to various reports on March 17. ParaSpace confirms vulnerability ParaSpace acknowledged an attack on its contracts early in the day. It paused its protocol and later said it had found the cause of the exploit. The…

[ad_1] Increasingly, Chinese toll booths are enabling drivers to pay highway tolls using the country’s CBDC. The province announced that it has established e-CNY “tax payment points” in unmanned “electronic tax bureaus” and banks across the area. It disclosed that individuals and businesses had utilized these payment options and others to pay $254 million in…

[ad_1] The recent surge of Bitcoin above a resistance level that dates back to August 2022 has strengthened the possibility of a continued rally, with $28,000 now in view. Bitcoin Breaks Major Resistance Level and Sets Sights on $28K Bitcoin’s upward momentum shows no signs of slowing down as the top cryptocurrency surged past a…

[ad_1] Gemini Exchange co-founder Tyler Winklevoss described the US banking system as a modern-caste system where the people with the top banks are protected while the rest are exposed to risks. In a March 17 Twitter thread, Winklevoss categorized US bank customers into those banked by the bulge bracket banks, regional banks, and unbanked banks. The…

[ad_1] Taking to Twitter on March 17, investor and renowned short-seller Bill Ackman said Bank of America has plans to step in and acquire distressed U.S. Signature Bank, one of the banks that went into forced receivership after a crisis in the U.S. banking sector last week. Back of America to Signature’s rescue? I am…

[ad_1] Microsoft is quietly testing a built-in crypto wallet for its Edge browser, as reported by software preservationist Albacore in a March 13 tweet. Edge wallet is still in testing Microsoft has not officially announced the wallet project, and the wallet’s introductory pages do not indicate which cryptocurrencies are supported. However, those pages mention a “foray…

[ad_1] SVB Financial Group, the parent company of Silicon Valley Bank, has filed for bankruptcy protection, according to a press release from the company on March 17. SVB files for reorganization The announcement indicates that SVB Financial Group has voluntarily filed for a court-organized reorganization under Chapter 11 of the U.S. Bankruptcy Code. The filing…

[ad_1] BlackRock CEO Larry Fink said in his annual letter to investors outlining what he contends are the most urgent and rapidly changing developments in crypto and traditional finance. The 9,000-word document, published March 16, touches on everything from the geopolitical crisis and the war in Ukraine to strategies for long-term growth and digital assets…