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Binance Recovery Fund Shifts to Crypto, CZ Zhao Announces coingabbar.com
crypto market
3 months ago in Blockchain and Cryptocurrency
The recent collapse of three major banks that supported cryptocurrencies has led to a significant drop in the value of stablecoins. This development has raised concerns about the stability of stablecoins, and Binance CEO Changpeng Zhao has announced that the company's recovery fund will be transitioning from BUSD to native cryptocurrencies like BTC.
American Banks Falling Like House of Cards | CoinGabbar News coingabbar.com
crypto market
3 months ago in Blockchain and Cryptocurrency
Where banks from all around the world come together to build a mechanism challenging the efficiency of blockchain, the banks of America are coming together to not get bankrupt altogether.
South Dakota Governor Vetoes Bill, Supports Cryptocurrencies coingabbar.com
crypto market
3 months ago in Blockchain and Cryptocurrency
Governments around the world have been grappling with the issue of regulating digital assets in the wake of the recent surge in the popularity of cryptocurrencies like Bitcoin. While some governments have sought to embrace these new technologies, others have taken a more cautious approach, seeking to limit their use and impact on the traditional financial system.
Binance Enters Colombian Market with New Crypto Prepaid Card coingabbar.com
crypto market
3 months ago in Blockchain and Cryptocurrency
Binance, a major cryptocurrency exchange, has launched a prepaid card in Colombia, allowing users to easily make purchases with cryptocurrencies. Read more..
Silicon Valley Bank Shutdown Shockwaves to Industry, USDC coingabbar.com
crypto market
3 months ago in Blockchain and Cryptocurrency
The Silicon Valley Collapse is hurting businesses from all sides. The domino effect of the bank's crumble could leave a lasting impact on the global financial order. The sudden downturn due to the extreme FUD in the market is inciting significant market correction and smart investors can leverage this opportunity to book some profits.
Coinbase Staking Services to Continue Despite SEC Crackdown coingabbar.com
crypto market
3 months ago in Blockchain and Cryptocurrency
Despite the recent SEC crackdown on staking services offered by centralized providers, Coinbase has reassured its customers that its staking services will continue and may even increase.
Silicon Valley Bank Shutdown Sends Shockwaves to Industry coingabbar.com
crypto market
3 months ago in Blockchain and Cryptocurrency
The news sent shockwaves throughout the industry, with SBV's attempts to raise $1.75 billion earlier in the week proving unsuccessful after it suffered nearly $2 billion in losses on its bond portfolio primarily consisting of U.S. Treasuries. On Friday, the FDIC took over as receiver for SVB, and its shares were halted as prices continued to plummet, causing a decline in the broader market, particularly…
Silicon Valley Bank Delays Circle's USDC Reserve Withdrawal coingabbar.com
crypto market
3 months ago in Blockchain and Cryptocurrency
Recent developments in the cryptocurrency industry have highlighted the risks and challenges faced by companies operating in this space. Circle, a leading digital currency company, confirmed that wires initiated to remove balances from Silicon Valley Bank (SVB) have not yet been processed, leaving $3.3 billion of its $40 billion USD Coin (USDC) reserves at SVB.
24 Hrs Crypto Update, Mar 10: Crypto Market trading in green coingabbar.com
crypto market
3 months ago in Blockchain and Cryptocurrency
After a stormy morning session Crypto marked by huge losses, the evening session saw a minor bounce on the announcement that the U.S gained 311,000 jobs in Feb.
CryptoGPT Trending on Twitter, But are the Tokens Real? coingabbar.com
crypto market
3 months ago in Blockchain and Cryptocurrency
Twitter has been abuzz with a trending hashtag related to a new cryptocurrency token called “CryptoGPT,” which claims to allow users to monetize their data with the help of artificial intelligence (AI) on the Ethereum blockchain.
Thailand SEC Proposes Ban on Staking and Lending by VASP coingabbar.com
crypto market
3 months ago in Blockchain and Cryptocurrency
The Securities and Exchange Commission (SEC) of Thailand has proposed a ban on staking and lending services offered by Virtual Asset Service Providers (VASPs). This move is aimed at protecting investors from potential risks associated with these services.
New Federal Reserve Team to Track Crypto Market Developments coingabbar.com
crypto market
3 months ago in Blockchain and Cryptocurrency
The United States Federal Reserve is keeping a watchful eye on the rapidly evolving cryptocurrency industry and has established a specialized team of experts to monitor developments in this space. The move comes in response to concerns about the unregulated nature of stablecoins.
Silicon Valley Bank Worries Over Big Asset and Stock Sale coingabbar.com
crypto market
3 months ago in Blockchain and Cryptocurrency
Silicon Valley Bank has raised concerns over a significant sale of assets and stocks, signalling potential financial instability in the market. Read & know more
24 Hrs Crypto Update, Mar 9: Cryptomarket traded in deep red coingabbar.com
crypto market
3 months ago in Blockchain and Cryptocurrency
On Thursday, shares of Crypto market focused firms plummeted after Silvergate Capital Corp announced its plans to wind down operation and voluntarily liquidate
BitShiba SHIBA| Crypto Markets | Crypto Currency coingabbar.com
crypto market
3 months ago in Blockchain and Cryptocurrency
Unlike Bitcoin, BitShiba is a fixed supply token with no new minting. All tokens that will ever exist have already been created. We believe in a truly fair and decentralized world so $SHIBA launched 100% fair with no presale and no team tokens. 50% of all BitShiba tokens were added directly to liquidity on Pancakeswap and the remaining 50% were intentionally destroyed forever by sending…
