The closure of three major American banks that serve cryptocurrency firms, including Silicon Valley Bank and Signature Bank, has sparked debate within the cryptocurrency community. The closure of Silicon Valley Bank, which held over $3.3 billion of USD Coin issuer Circle’s $40 billion reserves, has caused particular concern. As a result, the cryptocurrency ecosystem is […]
Euler Finance Suffers Flash Loan Attack, Loses Millions in Multiple Cryptocurrencies
Euler Finance, an Ethereum-based noncustodial lending protocol, suffered a flash loan attack on March 13, resulting in the loss of millions in Dai, USD Coin, staked Ether, and wrapped Bitcoin. The attacker stole nearly $196 million in multiple transactions, making it the largest hack of 2023. On-chain data indicates that the attack is related to […]
Privacy blockchain platform Aztec to shut down Aztec Connect
Privacy-oriented blockchain platform Aztec is set to shut down Aztec Connect, its network’s privacy infrastructure serving as the encryption layer for Ethereum. Aztec will no longer run a sequencer from March 2024, and the current system will no longer publish rollup blocks processing Aztec Connect transactions. (Read More)
Circle Partners with Cross River Bank for USDC Production and Redemption
Circle has partnered with Cross River Bank for USDC production and redemption, as well as expanded relationships with other banking partners like BNY Mellon. The USDC stablecoin recently experienced a peg-breaking incident but has since recovered. (Read More)
Okcoin Halts U.S. Dollar Deposits After Signature Bank Shutdown
Okcoin has paused its U.S. dollar wire and ACH deposits due to the regulatory intervention in Signature Bank, Okcoin’s primary partner for customer transactions in dollars. The suspension extends to over-the-counter services, credit card transactions, and trading USD-crypto trading pairs. However, all corporate and customer funds are safe, and USD withdrawal is not affected. The […]
Bitcoin Surges Past $24,000 As U.S. Sees Major Banks Fail
The bitcoin price rocketing to $24,000 amidst the banking crisis is reflecting the world’s need for a sound money alternative. Bitcoin remained resilient in the face of a very hesitant market Monday morning, surging past $24,000. Despite fears that the cryptocurrency industry is being cut off from banking, bitcoin is outperforming the S&P 500, which, […]
The Metaverse seems to be the next big thing to disrupt the digital world
People in the crypto space are talking about the Metaverse as a revolutionary innovation that will transform the Internet as we know it. As its name suggests, Metaverse means “beyond the universe”, describing a virtual reality space where users can engage with each other in real time. For example, developers can create parks, buildings or […]
BTC and ETH Price Analysis for March 13
Which top coin has more chances to continue growth?
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Novel accelerator program is set to unlock unmatched opportunities for e-athletes globally
Peter Schiff Predicts Bitcoin’s Sharp Decline Despite Its Growth Compared To Other Assets
Euro Pacific Capital CEO Peter Schiff, an outspoken critic of Bitcoin, has once again predicted a sharp decline in the value of the world’s largest cryptocurrency. It comes on the heels of MicroStrategy founder Michael Saylor’s tweet, where he compared Bitcoin’s performance to that of several other assets. According to Saylor’s comparison, BTC has seen […]