Cryptocurrency Analysis and News Portal
Bitcoin (BTC), the largest cryptocurrency by market capitalization, was recently changing hands at about $27,450, down more than 2% over the past 24 hours, according to CryptoX data. BTC rose as high as about $28,300 earlier in the day and is up more than 16% in March. Source
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Crypto contagion can significantly impact multiple stakeholders in the crypto market, including investors, businesses and the broader financial system. To protect themselves from the negative effects of crypto contagion, each stakeholder should take specific steps. By diversifying portfolios, investors can lower exposure to crypto contagion. This entails purchasing various
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Caroline Hill, the director of global policy and regulatory strategy for stablecoin issuer Circle, has placed some of the blame from the recent collapse of banks tied to crypto on traditional financial institutions rather than digital assets.Speaking at a South by Southwest (SXSW) panel on regulating cryptocurrencies in Austin, Texas
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United States authorities are working on "material action" over the weekend in an attempt to limit the ripple effect across the country's banking system after the Silicon Valley Bank abruptly collapsed on March 10.According to a Reuters report citing unnamed sources, officials in the Joe Biden administration assessed the impact
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Silicon Valley Bank (SVB) has become the center of attention after its collapse prompted the U.S. Federal Deposit Insurance Corporation (FDIC) to shut the bank down on Friday. It was the largest U.S. bank failure since 2008, and various alleged catalysts have been pointed to. Some believe venture capitalists caused
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“Crypto liquidity is dominated by just a handful of trading firms, including Wintermute, Amber Group, B2C2, Genesis, Cumberland, and (the now-defunct) Alameda. With the loss of one of the largest market makers, we can expect a significant drop in liquidity, which we will call the “Alameda Gap,” Kaiko wrote in
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Hundreds of people have lost their jobs at companies owned by crypto venture capital firm Digital Currency Group (DCG), as the long crypto winter, made colder by the FTX collapse, continues to affect the sector. Amid the recent layoffs, London-based cryptocurrency exchange Luno announced on Jan. 25 a reduction of 35%
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An International Monetary Fund (IMF) division chief and deputy managing director are calling for more action to be taken in the regulatory aspect to avoid crypto’s ups and downs affecting banks and traditional financial institutions. Nobuyasu Sugimoto, deputy division chief of the financial supervision and regulation division of the IMF,
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Never underestimate how quickly things can deteriorate in a sector as volatile as crypto, especially in a bear market. Prices can always go lower in the depts of crypto winter and casualties can multiply overnight. 2022 has been a year of never-ending contagion; with everyone focused on Binance, high-profile Bitcoin
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Amber has completed a new $300 million Series C funding round, led by blockchain-focused venture capital company Fenbushi Capital US, the firm announced on Twitter on Dec. 15.The new funding round comes as Amber has decided to pause its previous Series B funding and proceed with Series C instead due
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