Stablecoin Market Sees Fluctuations With Some Coins Gaining and Others Reducing Supply â Altcoins Bitcoin News
According to statistics, on March 26, the stablecoin economy was valued at $135 billion, with the top stablecoins representing $31.8 billion or 75% of the $42.17 billion in 24-hour global trade volume across the entire crypto market. In the last two weeks since March 11, 7.06 billion USDC and 351.57 million BUSD have been redeemed. […]
Weekly Recap â Bitcoin News
Over the past week, statistics show non-fungible token (NFT) sales totaled $193.08 million, down 5.44% from the previous week. Ethereum dominated NFT sales with more than $107 million or 55% of all sales, while Solana-centric NFT sales recorded $26.3 million or 13% of sales in the same period. NFT Market Shows Signs of Slowdown With […]
Bitcoin Advocates Discuss US Governmentâs Alleged Mission to Eliminate Crypto Access â Bitcoin News
Since the collapse of three American banks friendly to cryptocurrency businesses and the U.S. governmentâs insistence that crypto assets are ârisky investments,â many speculators believe bureaucrats are purposely closing access to cryptocurrencies. Some refer to the U.S. governmentâs recent enforcement as âOperation Chokepoint,â a mission aimed at eliminating access to the crypto ecosystem in the […]
Crystal Blockchain Study Reveals $16.7 Billion in Crypto Assets Stolen Since 2011 â Bitcoin News
Crystal Blockchain, a company that provides blockchain data and analytics, published a study covering security breaches, fraud, and scams related to cryptocurrency and decentralized finance (defi). According to the study, approximately $16.7 billion in crypto assets have been stolen since 2011. Last year, Crystalâs intelligence team documented 199 incidents resulting in the theft of $4.17 […]
Lido’s Staked Ethereum Token STETH Reaches $10.3B Market Capitalization, Ranks Ninth by Market Valuation â Defi Bitcoin News
With the crypto economy experiencing significant gains over the past week and the price of ethereum rising 11.9%, the market capitalization of Lidoâs staked ether has increased to $10.3 billion. This recent increase has propelled the tokenâs overall market valuation to the ninth-largest position, according to the crypto market capitalization aggregation website coingecko.com. Lido Financeâs […]
Several Major Central Banks Take Coordinated Action to Boost Liquidity Amidst Banking Crisis â Bitcoin News
On Sunday evening, March 19, 2023, at 5:00 p.m. Eastern Time, the U.S. Federal Reserve, along with several central banks including the Bank of England, Bank of Canada, Bank of Japan, the European Central Bank, and the Swiss National Bank, announced a coordinated action to enhance the provision of liquidity via the standing U.S. dollar […]
Google Trends Data Reveals Searches for ‘Banking Crisis,’ ‘Bank Runs,’ Skyrocket â Bitcoin News
Interest in the U.S. banking crisis has risen greatly over the past two weeks, as shown by Google Trends data. There has been a sharp increase in queries related to search terms such as âbanking crisis,â âbank collapse,â and âbank failure.â On March 13, 2023, the search term âbanking crisisâ reached the top Google Trends […]
UBS Considers Acquiring Credit Suisse, Requests Government Backstop in Deal â Bitcoin News
After Credit Suisse Group AG announced it would borrow 50 billion Swiss francs from the Swiss National Bank, UBS Group AG is reportedly considering acquiring the banking giant. However, UBS is requesting that the government issue a backstop to protect against any losses if it purchases Credit Suisse. According to unnamed sources familiar with the […]
Elon Musk Criticizes Federal Reserve’s Data Latency and Calls for Immediate Rate Drop Amidst Banking Chaos â Economics Bitcoin News
Amidst the chaos in the U.S. banking sector, Elon Musk, the CEO of Tesla and owner of Twitter, has been critical of the countryâs central bank. Musk insists that the U.S. Federal Reserve is operating with âway too much latency in their data,â and he insists that the central bank needs to drop the federal […]
âNext Round of Bailouts Is Hereâ â Bitcoin and Precious Metals Soar Amid Speculation of Fed Policy Change â Bitcoin News
At around 7:30 a.m. ET, the price of bitcoin skyrocketed past the $27,000 range to a high of $27,025 per unit. Precious metals, or PMs, like gold and silver, also rose between 1.98% and 2.12% against the U.S. dollar over the past day. While many market observers are wondering why specific assets like PMs and […]