Cryptocurrency Analysis and News Portal
Just a few weeks after tapping its best exchange rate versus the greenback in 2023, the South African rand fell to a new 2023 low of 18.636 local currency units for every dollar on March 7. South Africa’s power shortages as well as the country’s recent grey-listing by the
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Tactive's Gifford said that if bitcoin breaks with $20,000, "we could get the $15,000 pretty fast," and if we break through $15,000, we go to $10,(000) fast. But he noted bitcoin's staying power and halving next year. "That typically has been a spark for bull markets in bitcoin," he said. Source
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A white hat hacker borrowed $1.59 million in assets despite depositing one GMX token. Source
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The Silvergate filing continued: "There are or will be important factors that could cause the Company’s actual results to differ materially from those indicated in these forward-looking statements, including, but not limited to ... restrictions on the Company’s business, resulting from various litigation (including private litigation) and regulatory and other
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Silvergate Bank has announced that it will delay the filing of its annual 10-K report, which has sent its stock price down over 30% after hours.A 10-K report is a document required by the Securities and Exchange Commission which provides a comprehensive overview of the company's business and financial condition.
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Binance USD (BUSD), the third-largest stablecoin by market cap, spiked to a low of $0.20 against the DAI stablecoin as liquidity dried up on Binance. Source
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Ether (ETH), the second-largest cryptocurrency by market capitalization, has seen a constant decline in exchange supply over the past six months post-Merge. The Ethereum network underwent a major upgrade in September 2022, moving from a proof-of-work (PoW) to a proof-of-stake (PoS) network in an event called the Merge.According to on-chain data
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"If this is a Binance issue, we see further kind of regulatory scrutiny being imposed by the SEC, you do have that headline risk, and I think that's certainly what's weighing on crypto markets,” Tastycrypto Head of Digital Assets Ryan Grace told CryptoX TV. Source
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AllianceBlock has paused all activity on its bridge following the attack, which occurred Wednesday afternoon. During the exploit, a Polygon wallet accessed 112 million ALBT tokens, bridging them from the Polygon blockchain to the Ethereum blockchain. The hacker also got 500,000 USDC from dumping Bonq Euro (BEUR) tokens. Source
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Since reaching its all-time high back in November, Solana has shed approximately 96% of its value.The once-booming alternative coin Solana (SOL), may be having one of its worst years yet. This follows after the altcoin plunged below the $10 mark on Wednesday, marking its worst downturn in almost two years.
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