The post Traders Brace for More Market Shocks After Week of Wild Swings appeared on BitcoinEthereumNews.com. (Bloomberg) — Bank runs. Stiffening Federal Reserve resolve against inflation. Credit risk, and the risk of recession. Investors absorbed a lot of shocks the last few days. Shaking them off…
Silicon Valley Bank down, USDC depegged, FTX billed $34M in Jan.: Hodler’s Digest, March 5-11
Bank run on Silicon Valley Bank, USDC depegged from U.S. dollar and FTX’s bankruptcy expenses hit $34 million in January. The post Silicon Valley Bank down, USDC depegged, FTX billed $34M in Jan.: Hodler’s Digest, March 5-11 appeared first on Cointelegraph Magazine.http://dlvr.it/SklJDc
Andrew Yang warns of ‘mass layoffs,’ calls for government intervention after Silicon Valley Bank collapse
The post Andrew Yang warns of ‘mass layoffs,’ calls for government intervention after Silicon Valley Bank collapse appeared on BitcoinEthereumNews.com. Andrew Yang, the entrepreneur who grabbed national attention during his 2020 White House run and his 2021 New York City mayoral run, urged government intervention following the Silicon Valley Bank (SVB)…
After Silicon Valley Bank Fails, Tech Startups Race to Meet Payroll
The post After Silicon Valley Bank Fails, Tech Startups Race to Meet Payroll appeared on BitcoinEthereumNews.com. Tech startups and other businesses raced to line up sources of cash for payroll and other immediate needs after their deposits in Silicon Valley Bank, long a linchpin of tech…
How SVB Was Doomed By a Bad Bet on Mortgage Securities and the Fed’s Rate Hikes
The post How SVB Was Doomed By a Bad Bet on Mortgage Securities and the Fed’s Rate Hikes appeared on BitcoinEthereumNews.com. The demise of Silicon Valley Bank wasn’t driven by credit problems but by an old-fashioned mismatch of assets and liabilities that doomed many thrifts back in the 1970s. California regulators…
Etsy freezes transactions after Silicon Valley Bank closure, squeezing sellers nationwide
The post Etsy freezes transactions after Silicon Valley Bank closure, squeezing sellers nationwide appeared on BitcoinEthereumNews.com. The collapse of start-up backer Silicon Valley Bank this week continues to cause ripples across the tech industry, with Etsy the latest company to voice concerns after announcing a transaction…
Axie Infinity (AXS) Developers Rumored To Advise On Crypto Project Avorak
The post Axie Infinity (AXS) Developers Rumored To Advise On Crypto Project Avorak appeared on BitcoinEthereumNews.com. Cryptocurrency has been a hot topic lately, and one of the most talked-about names in the industry is Axie Infinity. Recently, rumors have been swirling around that the developers of…
Circle Issues Update Amid Stablecoin Volatility; Firm Is Prepared to ‘Stand Behind USDC and Cover Any Shortfall’ – Bitcoin News
The post Circle Issues Update Amid Stablecoin Volatility; Firm Is Prepared to ‘Stand Behind USDC and Cover Any Shortfall’ – Bitcoin News appeared on BitcoinEthereumNews.com. On Saturday, March 11, 2023, Circle Financial updated the public about its stablecoin, USDC, and noted that the stablecoin’s liquidity operations will resume normally on Monday morning in the United…
Circle Issues Update Amid Stablecoin Volatility; Firm Is Prepared to ‘Stand Behind USDC and Cover Any Shortfall’
On Saturday, March 11, 2023, Circle Financial updated the public about its stablecoin, USDC, and noted that the stablecoin’s liquidity operations will resume normally on Monday morning in the United States. Circle said that the company’s teams would be ready on Monday to “handle significant volume” and that the firm will “stand behind USDC and […]
Fantom [FTM]: More addresses and transactions, but what about DeFi TVL
The post Fantom [FTM]: More addresses and transactions, but what about DeFi TVL appeared on BitcoinEthereumNews.com. Fantom has seen increased ecosystem growth in the last month. FTM’s price, however, continues to plummet. Following the launch of its go-opera version 1.1.2-rc.5 mainnet upgrade on 6 March, blockchain…