From Synthetix to Optimism, here are the top crypto gainers and losers today, March 13, 2023. The post Conflux, Synthetix | Crypto Gainers and Losers | March 13, 2023 appeared first on BitPinas.
Money printer go brrr sparking crypto market recovery
The Fed announced “additional funding” on March 12 to backstop the banking sector. The crypto market cap rose to pre-crisis levels following the announcement — triggering a wave of bullishness. Last week saw markets tank over rumors Silvergate was insolvent. On March 9, those fears were realized as the crypto bank said it intended to […]
What’s Ahead For Bitcoin and Crypto Market? Will BTC Price Hit $23K?
The post What’s Ahead For Bitcoin and Crypto Market? Will BTC Price Hit $23K? appeared first on Coinpedia Fintech News Bitcoin’s recent dip below $20,000 may have caused panic among some investors, but for others, it presents a prime opportunity to buy the dip. Top expert Michael van de Poppe agrees, noting the potential for […]
Coinbase holds $240M in collapsed Signature bank – Is Ripple also exposed with SVB in $1B cash balance?
Coinbase reveals that $240 million in corporate cash is still under the possession of the now-collapsed Silicon bank and that it expects to recover all the funds. Ripple’s CEO says the network has some exposure to the bank but maintains that Ripple is in a safe place. In the wake of the ongoing commotion in […]
HSBC UK Acquires Silicon Valley Bank’s UK Branch For £1
The UK’s Chancellor of the Exchequer Jeremy Hunt said that that SVB UK customers’ deposits will be “protected, with no taxpayer support.”
BTC up 10%, ‘Rich Dad Poor Dad’ Author Believes Bitcoin Is Response to Sick Economy
Robert Kiyosaki speaks for Bitcoin (BTC) against sick economy, forecasts what’s next
Aave Freezes Stablecoin Trading Amid Price Volatility
Lending protocol Aave has temporarily halted trading of stablecoins and set the loan-to-value (LTV) ratio to zero due to the recent price volatility on USD Coin (USDC) following its depegging on March 11. Aave’s decision was based on an analysis by decentralized finance risk management firm Gauntlet Network, which recommended a temporary pause of all […]
Radiant Capital to soon transition from V1 to V2
Radiant Capital has announced that it is soon transitioning from V1 to V2, enabling the venture to onboard the next hundred million users to the DeFi market. Decentralized Finance is eyeing to make a name for itself under the umbrella of sustainability. Having a larger number of users is sure to help. However, the tentative […]
Circle Plans to Cover USDC Shortfall After SVB Shutdown
Circle, the issuer of the stablecoin USD Coin (USDC), has announced that it will use corporate resources to cover the shortfall on its reserves after Silicon Valley Bank (SVB) was shut down by the California Department of Financial Protection and Innovation. USDC liquidity operations will resume as normal when banks open on Monday, enabling redemption […]
USDC Holders Panic Sell Amid Solvency Concerns
On March 10, concerns about the solvency of USD Coin (USDC) led several holders to panic sell their holdings and switch to other stablecoins. One user lost over 2 million USDC in a failed attempt to exchange them for Tether (USDT) using KyberSwap’s decentralized exchange aggregator. Tron founder Justin Sun reportedly withdrew 82 million USDC […]