Crytocurrency
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Market Analysis -
1 year ago
Taking to Twitter on March 17, investor and renowned short-seller Bill Ackman said Bank of America has plans to step in and acquire distressed U.S. Signature Bank, one of the banks that went into forced receivership after a crisis in the U.S. banking...
Crytocurrency
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Market Analysis -
1 year ago
BlackRock CEO Larry Fink said in his annual letter to investors outlining what he contends are the most urgent and rapidly changing developments in crypto and traditional finance.
The 9,000-word document, published March 16, touches on everything fro...
Crytocurrency
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Market Analysis -
1 year ago
During the week ending March 15, two Federal Reserve backstop facilities were utilized by US banks to borrow a total of $164.8 billion.
The traditional liquidity backstop for banks, also known as the discount window, saw a record-high borrowing of $1...
Crytocurrency
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Market Analysis -
1 year ago
The recent collapse of the Silicon Valley Bank (SVB) and the USD Coin (USDC) de-peg halted the hype around Non-Fungible Tokens (NFTs) while benefitted the activity on Decentralized Finance (DeFi), as the recent DappRadar report revealed.
During the w...
Crytocurrency
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Market Analysis -
1 year ago
The crypto market is largely unaffected by the European Central Bank’s latest 50 basis point rate hike, with the flagship cryptocurrency Bitcoin only seeing a minor dip following the announcement.
Meanwhile, traditional stock markets saw most s...
Crytocurrency
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Market Analysis -
1 year ago
After the weekend’s depegging of the stablecoin, Circle, which issues USDC, has declared that substantially all the minting and redemption backlogs have been resolved.
The company reported that they redeemed $3.8 billion USDC and minted $0.8 bi...
Crytocurrency
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Market Analysis -
1 year ago
Out of the top 30 crypto exchanges, 70%, or 21, are located in offshore financial centers, according to CoinGecko’s recent report.
The report defines offshore financial centers as “territories that seek to attract financial activities fro...
Crytocurrency
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Market Analysis -
1 year ago
New data from @NFTStatistics shows a unique dynamic emerging within the NFT space.
Data shows that as NFT flipping has increased with the market upswing, flippers are now losing 4,000 ETH per week over the past two weeks, which has baffled market wat...
Crytocurrency
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Market Analysis -
1 year ago
Sam Bankman-Fried is seeking the court’s assistance in giving priority to the reimbursement of his legal fees. Sam Bankman-Fried, the CEO of FTX, has been seeking the court’s assistance in prioritizing reimbursing his legal fees.
SBF̵...
Crytocurrency
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Market Analysis -
1 year ago
This week’s on-chain data report by the analytics company Glassnode looks into three major events — the depegging of the USDC stablecoin, net capital outflows and futures open interest data.
(Source: Glassnode insights)
This has caused US...
Crytocurrency
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Market Analysis -
1 year ago
In a rapid turn of events, Tether’s stablecoin dominance has surged to its highest point in a year and a half, a feat crypto watchers attribute to difficulties surrounding rival stablecoins USDC and BUSD.
Tether USDT now stands at its highest d...
Crytocurrency
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Market Analysis -
1 year ago
The launch of ChatGPT-4 has resulted in a significant spike in the price of SingularityNET’s AGIX. The blockchain-based platform, which allows developers to create, share, and monetize artificial intelligence services, has seen a surge in inter...
Crytocurrency
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Market Analysis -
1 year ago
Former director at Coinbase, Conor Grogan, reported that GPT-4 could identify multiple “security vulnerabilities” and explain how to exploit them when he inserted a live Ethereum smart contract into the AI tool.
Previous audits of smart c...
Crytocurrency
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Market Analysis -
1 year ago
The price of Bitcoin briefly surpassed $26,400 on March 14 around 1 p.m. UTC — representing an approximately seven-month high. The cryptocurrency last saw a comparable market value in August 2022.
However, BTC has since fallen and is now valued at ar...
Crytocurrency
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Market Analysis -
1 year ago
Crypto short-sellers saw massive liquidation in the past four hours as the market pumped on the back of inflation numbers remaining within expected bounds.
CoinGlass data shows that more than 85% of the $151.24 crypto liquidations over the period wer...