Bitcoins funding rate flattens, but should BTC bulls rejoice and buy the dips?

Bitcoin bulls tend to celebrate when BTCs funding rate is negative, but is it really a generational buying opportunity?

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BitcoinSV (BSV) Soars 11% Daily, Bitcoin (BTC) Bounces Off $29K: Market Watch

Optimism's native token is also on the rise yet again today, with another 7% increase.

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Bitcoin And Ethereum Correlation At A Staggering 97%, BTC Rally Incoming?

As Q1 2023 comes to a close, the Bitcoin and Ethereum correlation stands at a staggering 97%, trackers indicate. The Bitcoin And Ethereum Price Correlation Bitcoin and Ethereum are the world’s most valuable coins by market cap. Because of their first mover advantage, Bitcoin, the first blockchain network; and Ethereum, a legacy smart contracting platform; their [...]

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‘Panic of 2023’: James Corbett Explains How Bank Crisis Could Lead to CBDC ‘Nightmare of Total Monetary Control’

Investigative journalist James Corbett has recently referred to the ongoing global banking crisis involving SVB, Signature Bank, Credit Suisse and others as the “Panic of 2023,” drawing comparisons to what he views as historical precedents, and pointing ahead to an inevitable and bleak, technocratic surveillance future leveraging central bank digital currencies (CBDCs) should nothing be [...]

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Circle prefers reserves and payment rails with the Fed, says exec

Circle has been subject to discussion in the crypto industry since the depegging of its stablecoin (USDC) due to the collapse of Silicon Valley Bank (SVB) on March 10. Now that the company cleared its backlogs and USDC regained its 1:1 peg with the United States dollar, it is looking towards the future of both [...]

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Fed, NYDFS assess their supervisory performance after March’s big bank failures

Internal reviews of the supervision of Silicon Valley Bank and Signature Bank have been released, showing weaknesses on the part of the banks’ regulators as well as management.

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Bitcoin price holds its ground in the wake of CFTC case against Binance

BTC options and derivatives markets seem unfazed by the CFTC’s recent action against Binance, but is that a good or a bad sign?

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NFT markets are out of balance, with sellers dominating: Data

In April there hasn’t been a single day where total sellers on the market haven’t exceeded total buyers.

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"Tim Draper's Bitcoin Diversification Advice"

Venture capitalist Tim Draper advises business founders to diversify their cash holdings by keeping at least two payrolls worth of cash in Bitcoin or alternative cryptocurrencies, along with other recommendations, in response to the uncertainty created by the collapse of Silicon Valley Bank. (Read More)

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US Treasury seeks to tighten nonbank rules following banking crisis

Janet Yellen called for further regulation of nonbank institutions claiming they pose a systemic risk to U.S. financial stability.

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Federal Reserve Admits Blindsided Oversight of SVB Collapse

The Federal Reserve Chairman has admitted to being blindsided by the sudden collapse of Silicon Valley Bank (SVB) despite being under their supervision. The collapse of SVB has prompted an internal investigation led by the Vice Chairman to look into the failure of the bank and the Fed’s regulation of it. The bank’s collapse has been linked to the Federal Reserve’s successive interest rate hikes and erosion of its long-term bonds. This has led to depositors requesting withdrawals en masse, causing a bank run, and the Federal Deposit Insurance Commission taking possession of SVB. (Read More)

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Traditional banks rely on ‘tiny buffer’: Paris Blockchain Week 2023

Signature Bank is the best place for crypto banking, even if it goes bankrupt, Woorton co-founder Zahreddine Touag believes.

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Tim Draper sings a Bitcoin song dedicated to SVB and world governments: PBW 2023

American venture capital investor and entrepreneur Tim Draper took the master stage at Paris Blockchain Week 2023 to give his keynote speech on, “The Decentralization of Everything” which he ended with a self-composed Bitcoin song.  The speech opened by touching on the general distrust of cryptocurrencies – primarily Bitcoin (BTC) – from centralized governments. “I [...]

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Yellen defends government intervention to avoid another SVB

The U.S. Treasury Secretary Janet Yellen said the federal government would intervene if necessary to protect other small lenders.

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Federal Investigators Probe Silicon Valley Bank Collapse; SVB and Top Execs Sued by Shareholders

The parent company of Silicon Valley Bank, SVB Financial Group, and two senior executives have been sued by shareholders after SVB’s collapse last Friday. The proposed class action accuses SVB of hiding the fact that interest rate hikes would leave the bank in jeopardy. Additionally, anonymous sources say the U.S. Department of Justice (DOJ) and [...]

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Silvergate, SBV collapse ‘definitely good’ for Bitcoin, Trezor exec says

While Signature’s Barney Frank referred to the recent events with SVB as an “anti-crypto message,” Trezor’s Josef Tetek says they are “definitely good” for Bitcoin.

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SVB crisis: Here are the crypto firms denied exposure to troubled US banks

Amid the ongoing United States banking crisis, a wide number of major cryptocurrency firms have denied exposure to dissolved U.S. banks like Silicon Valley Bank (SVB). As potential implications of the SVB crisis for the crypto market continue to unfold, Cointelegraph highlighted several major crypto firms that have declared to be unaffected by the issues [...]

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Binance converts remaining $1 billion in Industry Recovery Initiative to native crypto amidst concerns around stablecoins

Binance co-founder and CEO, Changpeng Zhao, announced on March 13 that the exchange will be converting the remaining $1 billion funds in its Industry Recovery Initiative to native crypto amid concerns surrounding stablecoins. This decision was made following the depegging of the USD Coin (USDC) stablecoin caused by the failure of three major crypto-friendly banks - Silicon Valley Bank (SVB), Silvergate Bank, and Signature Bank. (Read More)

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Silicon Valley Bank Sued by Shareholders Alleging Fraud

As per reports from Bloomberg, investors have filed a fraud lawsuit against the Silicon Valley Bank, which was shut down

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Former Ripple Adviser Michael Barr To Lead Review of SVB Supervision

It comes after the $209 billion bank failed after a $42 billion bank run. The Federal Reserve Board has confirmed that Vice Chair for Supervision Michael S. Barr will lead a review into the supervision and regulation of the failed Silicon Valley Bank.  The Fed made this known in a press release on Monday, disclosing […]

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