Category : Bitcoinist

Bitcoinist

Here’s How Ripple Execs Assess The US Banking System Crisis

Several Ripple executives have spoken out about the banking crisis in the United States. The company itself has been affected by the collapse of Silicon Valley Bank (SVB). As Ripple CEO Brad Garlinghouse clarified on Sunday, the company is affected &...

U.S. Crypto Firms Explore European Banking Partners Amid Financial Crisis

The recent banking crisis in the U.S., which resulted in losing three crypto-friendly banks, Silvergate Capital, Silicon Valley Bank, and Signature Bank, has raised concerns among U.S.-based firms. Amidst the alarms of the wavering crisis, crypto fi...

The “Big Scandal” Behind Pro-Crypto Signature Bank Shutdown By Regulators

Signature Bank, another major crypto-friendly institution, was shut down by regulators on Sunday. The New York financial institution, with a large lending business in the crypto industry, was caught in the “crossfire” of regulators to pre...

Solana Whale Deposits $10.2M To Coinbase, Cashing In On 16% Rise?

Data shows a Solana whale has deposited $10.2 million in SOL to the crypto exchange Coinbase as the asset’s price has risen by 16% today. Solana Whale Transfers $10.2 Million In SOL To Coinbase As per data from the cryptocurrency transaction tr...

Beat Banks Runs With Bitcoin: Meet The New Bull Narrative For Crypto

Bitcoin price is currently soaring, climbing more than 20% since last Friday. The rally could be due to a brand new bull narrative that’s possibly brewing: using BTC to beat bank runs – a situation unfolding across the United States currently....

Brain Armstrong Might Add banking Features To Coinbase, Details

The collapse of three top US crypto-friendly banks have stirred reactions in the crypto community as some top players like Coinbase consider adding banking feature to their services. One of the banks to fall into the death trap is Silicon Valley Bank...

Flash Loan Attack Drains $180 Million From Euler Finance

The decentralized finance (DeFi) sector recorded massive losses in 2022. While many expected a different story in 2023, bad actors have continued their game of exploiting DeFi. Some days back, Hedera revealed a loss of liquidity pools tokens when a h...

US Could Fall Behind In The Race To Lead Crypto Revolution, Here’s Why

The United States which has always been the world’s second leading country in technology after Japan is about to step down to lose its race as a leader in cryptocurrency innovation and technology. Over the past years, the US has been keen on regulati...

Brad Garlinghouse Encourages Ripple Community Following SVB Collapse

In the wake of the Silicon Valley Bank collapse, Ripple CEO Brad Garlinghouse has assured investors that the company is in a strong financial position. There have been several cases of shuttered banks this month, which has affected many crypto firms...

Crypto Liquidations Hit $238 Million As Bitcoin Jumps 10%

Data shows the crypto futures liquidations have hit $238 million during the last 24 hours as Bitcoin has observed an uplift of 10%. Bitcoin Liquidations Reach $238 million Whenever an investor opens a futures contract on any derivative exchange, they...

Nissan Ventures Into Web3 With Trademark Filings And Metaverse Sales Testing

Nissan, a Japanese automotive brand, has made several developments in its brands over the years. It also aims to change the narratives of automobiles in the coming years. To embrace the future of technology and commerce, Nissan has filed four new web...

New Shiba Inu Metaverse Live Views Unveiled At SXSW Texas, Watch It Here

The Shiba Inu Metaverse is the most highly anticipated project on Shibarium, the layer 2 technology from Shiba Inu, which saw its official beta launch on Saturday. And during the South by Southwest (SXSW) festival, the developers debuted an in-depth...

HSBC Acquires Silicon Valley Bank UK For 1 Pound

HSBC UK, the ring-fenced subsidiary of HSBC, has acquired Silicon Valley Bank UK for £1 ($1.21), according to a latest filing. In a statement from the Treasury, it said the Bank of England oversaw the transaction with consultation from the UK Treasur...

Bitcoin And Crypto This Week: These Events Will Be Crucial For Prices

The Bitcoin and crypto markets are once again facing an extremely important week, which will be shaped not only by macro data, but also by the brewing US banking crisis. While at the beginning of last week the odds of a Fed rate hike of 50 basis poin...

Signature Bank Gets Shuttered By Regulators After SVB Collapse – A Major Blow To Crypto?

In an effort to avoid the spread of the banking meltdown, authorities have announced the closure of another crypto-friendly bank – New York-based Signature Bank – dealing a severe blow to the crypto industry. State regulators pulled the p...

100% Of USDC Reserves Are Safe As U.S. Gov’t Bails Out Silicon Valley Bank

The financial sector has endured a few chaotic days. In particular, for USDC stablecoin and Silicon Valley Bank and its stakeholders, since the lender swung from being presumed robust and profitable to being shut down by authorities in less than 48 h...

Shiba Inu Whales Shed Trillions Of Tokens On Shibarium’s Launch Day

The number of Shiba Inu tokens held by large investors, or “whales,” dropped significantly on March 11, the day of the eagerly awaited public beta launch of Shibarium, also known as PuppyNet. Finally, after much anticipation, Shiba Inu...

USDC Hits All-Time Low As Investors Pull Out Funds From The Stablecoin

USDC has been hit with a bearish wave following news of the collapse of Silicon Valley Bank on March 11. The stablecoin issuer Circle had revealed that it had $3.3 billion in deposits with the defunct bank, contributing to uncertainty regarding USDC....

Silicon Valley Bank: Elon Musk Shows Interest In Buying SVB After Collapse

There might be some hope for Silicon Valley Bank to spring back to life. Twitter and Tesla big boss Elon Musk hinted at the possibility of the social media behemoth purchasing the beleaguered Silicon Valley Bank. “I think Twitter should buy SVB...

SEC Files Complaint Against BKCoin And Co-Founder For Alleged $100 Million Scam

Many crypto investors have lost their funds in scams such as BKCoin. For instance, Bitcoinist reported that the DeFi sector recorded a whopping $678 million to hackers in the second quarter of 2022, confirming the risks inherent in the industry. Sur...

USDC Holder Forks Over $2 Million For $0.05 USDT In Desperate Move To Evade Crypto Crash

Every crypto investor’s nightmare starts when a sudden change in the industry leads to panic and massive selloffs. The effect of these two occurrences usually leads to uncontrollable price dips and deep losses for investors. An example of such an ev...

BlockFi’s Uninsured $227 Million In Silicon Valley Bank Raises Concerns, Filing Shows

Reports have shown that BlockFi also has $227 million in the troubled Silicon Valley Bank, which wasn’t insured. Notably, SVB is not managing the fund directly. As the saga of the Silicon Valley Bank shutdown continues, more victims are emergi...

Bitcoin Crash: Derivative Traders Lose $202 Million In 24 Hours

The crypto market suddenly turned red on March 10 in the year’s worst sell-off. Bitcoin slipped below $20,000 for the first time in three months, and the market sentiments are bearish. The aftermath of the crash has leveraged traders reeling wi...

USDC Issuer Circle Reveals It Couldn’t Withdraw $3.3 Billion From Silicon Valley Bank

Stablecoin issuer Circle disclosed late Friday that around $3.3 billion of its $40 billion USDC reserves remained at Silicon Valley Bank. This comes after the high-tech lender’s share price dropped precipitously in response to a run on deposits...

Silicon Valley Bank Collapse Hammers Dogecoin Price Down 11% – More Pain For DOGE?

The cryptocurrency market has seen a decline in the value of Dogecoin (DOGE) as massive amounts of fear, uncertainty, and doubt swept across the market after Silicon Valley Bank collapsed on Friday morning as a result of a bank run and a capital cris...

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