Bitcoin price risks ‘major volatility’ as 10K BTC hits exchanges

Bitcoin exchanges see the largest one-day exchange BTC inflow since the Silicon Valley Bank collapse.

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Is Customers Bank Becoming Crypto’s Bank of Choice?

Pennsylvania-based Customers Bancorp Inc has took up the mantle of crypto-friendly bank following the collapse of Silvergate and Silicon Valley. The post Is Customers Bank Becoming Crypto’s Bank of Choice? appeared first on BeInCrypto.

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US lawmakers propose bills to hold bank execs accountable for failures and address risks

Maxine Waters did not specifically mention crypto in the proposed legislation, drafted in response to the collapse of Silicon Valley Bank, Signature Bank and First Republic Bank.

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Goldman Sachs Faces Fed And SEC Probe For SVB’s Securities Portfolio: Report

Goldman Sachs is currently under investigation by federal regulators for its involvement in the acquisition of Silicon Valley Bank’s securities portfolio while simultaneously providing advisory services to the struggling lender regarding capital raising, prior to its subsequent collapse this year.

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Should we fear a deflationary collapse in Bitcoin?

Quick Take In a deflationary collapse, a sell-off occurs that first results in leverage being wiped out first before then affecting panic sellers. Bitcoin open interest is minimal, remaining at or below 2% of the market cap since Silicon Valley Bank’s collapse, while holders remain price agnostic.

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SVB former CEO ties collapse to rumors, Fed Reserve’s interest rate hike

Silicon Valley Bank former CEO Greg Becker blamed the bank’s failure on an unprecedented bank run following rumors about the bank and the Federal Reserve’s interest rate hikes. In a May 16 testimony before the US Senate Banking Committee, the former bank executive claimed that social media fueled the bank run — adding that no financial […] The post SVB former CEO ties collapse to rumors, Fed Reserve’s interest rate hike appeared first on CryptoSlate.

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How will USDT's growth impact Bitcoin [BTC]? According to this data....

Tether invested a large portion of profits into BTC. However, BTC miners got skeptical. After the collapse of the Silicon Valley Bank (SVB), Tether's [USDT] biggest competitor, Circle [USDC]The post How will USDT's growth impact Bitcoin [BTC]? According to this data.... appeared first on AMBCrypto.

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HedgeUp (HDUP), Chainlink (LINK) Or The Sandbox (SAND) – Which Crypto May Grow Exponentially In 2023?

The crypto industry has been flourishing after the collapse of Signature and Silicon Valley Bank. So much so that it is now difficult to choose where to infuse because several cryptos are seeing price increases; today, we will take a closer look at three of them – Chainlink (LINK), HedgeUp (HDUP), and The Sandbox (SAND). […]

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Building the ultimate crypto portfolio with Avorak AI and crypto majors like SHIB

Cryptocurrencies have been ‘down only’ for around 18 months now, and many events are already priced in. LUNA collapse, Greyscale collapse, FTX collapse, Silicon Valley Bank collapse, the list goes on.

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Uniswap V3 liquidity grew 208% in Q1 as Coinbase and Binance saw declines: CCData report

Uniswap V3 recorded a 208% jump in liquidity in Q1. Coinbase and Binance saw declines of – 6. 35% and -13. 4% respectively amid regulatory pressures. The depeg of USDC and collapse of Silicon Valley Bank also highlighted the pressure events in the quarter.

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Bitcoin rallying amid global economic turmoil 

The bitcoin and crypto rally comes amid the turmoil in the global banking sector, fueled by the collapse of Silicon Valley Bank (SVB) in the US

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2023 Market Analysis: How does Silicon Valley Bank News Affect the AltSignals’ ASI Token Presale Launch?

The recent collapse of Silicon Valley Bank has rekindled fears from traditional finance that a prolonged recession is imminent. On the one hand, rising retail prices require quantitative tightening measures, and on the other hand, rising interest rates are harming financial institutions.

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Markets could not get enough of crypto in March, pushing CEX trading volumes to 6 month high

The U. S. banking crisis that began with the collapse of Silicon Valley Bank seemingly did little to curb interest in crypto trading.   According to a recent report from CCData, the total trading volume across centralized exchanges increased by over 25% in March, showing that crypto trading flourishes in highly volatile markets.

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Singapore Authorities Aid Banks In Investigating Potential Crypto Clients

While the crypto industry has appeared to be in need of constant access to traditional banks like never before especially following the collapse of these major crypto-friendly US banks – Silvergate, Silicon Valley, and Signature, Singapore authorities seem to not be shying away from the fact but instead look to how to make it possible. […]

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Crypto Companies in UK Seeking Governmental Support in Response to Limitations Imposed by Banks

Coinspeaker Crypto Companies in UK Seeking Governmental Support in Response to Limitations Imposed by Banks The UK banks increased the pressure on crypto companies following the collapse of Signature Bank and Silicon Valley Bank which affected the US.

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USDC Market Cap Dips By $10 Billion In 2 Weeks – Here’s Why

USDC has struggled to recover from the negative fallout a few weeks ago after Silicon Valley Bank’s (SVB) collapse. Investors have continued to withdraw their assets from the stablecoin despite assurances from issuer Circle about its reserves.

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Senators grill federal officials over lack of oversight into SVB, Signature Bank collapse

In a closely watched Senate hearing held on Mar 28, regarding the collapse of crypto-friendly banks Silicon Valley Bank (SVB) and Signature Bank, William Barr, a top official at the US Federal Reserve, acknowledged the potential benefits of testing for higher rates and expressed his plans to broaden the scope of future tests.

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Orbeon Protocol (ORBN), Enjin Coin (ENJ) and HEX (HEX) Eye Exponential Pumps In 2023

Enjin Coin (ENJ) and HEX (HEX) have seen price increases after the collapse of Silicon Valley and Signature Banks – two major US banks. However, one project currently in stage 11 of its presale with a token price standing at $0.

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45% of stablecoin balance has left crypto exchanges in 4 months, but where has all the money gone? – A Deep Dive

Key Takeaways $23.6 billion of stablecoins are currently on exchanges, the least since October 2021 45% of stablecoins have fled exchanges in the last four months 61% of USDC has left exchanges in the three weeks since Silicon Valley Bank’s collapse, while 50% of BUSD has evaporated since regulators announced it was to shut down […] The post 45% of stablecoin balance has left crypto exchanges in 4 months, but where has all the money gone? – A Deep Dive appeared first on CoinJournal.

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First Republic (FRC) Shares Jump 15% as Regional Bank Stock Rebounds

Coinspeaker First Republic (FRC) Shares Jump 15% as Regional Bank Stock Rebounds Since the collapse of Silicon Valley Bank, several industry stakeholders have been doing all they can to help cushion the pangs in the firm to help prevent it from collapsing.

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UK Created Crypto Banking Problems

According to crypto advocates, many UK crypto firms are struggling to secure banking services due to several banks limiting their interactions with the industry. This issue is not unique to the US, where the collapse of Silicon Valley, Signature, and Silvergate banks forced US crypto clients to search for new banking partners.

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Bank Consolidation Threatens Freedom, Makes Case for Bitcoin

The biggest threat from the banking crisis triggered by this month’s collapse of Silicon Valley Bank might not lie in the potential for depositors to lose their savings but in the censorship power that massive banks are now accumulating as customers move their money.

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How Tether (USDT) Benefited from the Silicon Valley Bank Collapse

Stablecoin operator Tether is expected to announce profits of $700 million for the first quarter of the year after publishing its figures for the first time. The post How Tether (USDT) Benefited from the Silicon Valley Bank Collapse appeared first on BeInCrypto.

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Australian Regulator Tells Banks to Report Exposure to Startups and Crypto-Related Business: Report

The move comes in the wake of Silicon Valley Bank's collapse and global lender volatility, the Australian Financial Review reported.

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Matrixport Reveals The Investor Demographic That Is Driving The Bitcoin Rally

Bitcoin rallied tremendously last week coming off the back of the devastating new of the Silicon Valley Bank collapse, among others. This saw the digital asset rise to a nine-month high above $28,000 before correcting back downward.

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SVB Collapse Paralyses NFT Market

NFT traders are reeling from the SVB crash, which hit the industry hard. There’s nothing like an unexpected catastrophe to kill the buzz. Indeed, following the FTX black swan event, we’ve been dealing with another cataclysmic episode thanks to Silicon Valley Bank (SVB).

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Australian Banking Association’s cost of living inquiry reveals bank pressure

An analysis of the rising inflation and concurrent collapse of Silicon Valley Bank proved that more than 186 banks in the U.S. are at risk of a similar shutdown if depositors decide to withdraw all funds.

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This Crisis Will Define the Future of Money

The recent collapse of three high-profile banks - Silicon Valley Bank, Silvergate Bank and Signature Bank - has caused worrying outflows at hundreds of regional banks. Now, with the U.S. Federal Reserve creating a new backstop facility reportedly worth $2 trillion and Switzerland’s central bank bailing out Credit Suisse to the tune of $54 billion, the echoes of prior crisis in 2008 and 2013 are loud.

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SVB Financial Group Files for Bankruptcy – the Largest Bank Failure Since 2008

SVB Financial Group has filed for Chapter 11 Protection due to the impact of Silicon Valley Bank's collapse. The post SVB Financial Group Files for Bankruptcy – the Largest Bank Failure Since 2008 appeared first on BeInCrypto.

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Crypto users turned to DEXs, loaded up on USDC after Silicon Valley Bank crash

The collapse of FTX led to a similar exodus from centralized exchanges, as users worried they may lose access to funds during crises.

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Collapse of Silvergate and Silicon Valley Bank represent a challenge for crypto

The fire lit by Silvergate Bank and Silicon Valley Bank will make it harder for crypto to find financial partners.

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SVB Collapse Tanked NFT Trading Volumes, DappRadar Report Suggests

The day after Silicon Valley Bank collapsed, the number of active NFT traders dropped to its lowest point since November 2021.

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USDC Survives Silicon Valley Bank Collapse and Clears Backlog

Circle, the issuer of USDC, announced that they had cleared all the backlog of minting and redemption. The stablecoin got depegged over the weekend. The post USDC Survives Silicon Valley Bank Collapse and Clears Backlog appeared first on BeInCrypto.

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Stop Blaming Crypto for Traditional Finance Failures

After the recent collapse of three banks – Silicon Valley Bank, Silvergate Bank and Signature Bank – many pointed fingers at crypto as the cause. But crypto may actually be the solution, not the problem.

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Blame traditional finance for the collapse of Silicon Valley Bank

Silicon Valley Bank’s downfall was a product of traditional finance — critics shouldn’t conflate the issue with cryptocurrency.

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Justin Sun traded USDC fear after SVB collapse

At the height of USD Coin (USDC) panic — when news broke that much of its backing was stuck in recently-collapsed Silicon Valley Bank — Tron (TRX) founder Justin Sun traded millions of USDC.

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US lawmaker accuses FDIC of using banking instability to attack crypto

The collapse of Signature Bank, Silicon Valley Bank and Silvergate Bank has had many in the space reeling — but is the U.S. government trying to “choke off digital assets”?

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Clara Medalie: Bitcoin and Nasdaq’s correlation is at its lowest since FTX collapse

Clara Medalie, director of research at digital assets data provider Kaiko, says Bitcoin (BTC/USD) is currently showing the least correlation with Nasdaq. Medalie shared her market outlook during an interview with CNBC, where she highlighted Bitcoin’s latest rally in the aftermath of major shockwaves in the banking sector as crypto-friendly banks Silvergate Bank, Silicon Valley […] The post Clara Medalie: Bitcoin and Nasdaq’s correlation is at its lowest since FTX collapse appeared first on Invezz.

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The Latest Banking Crisis Is Why I Save In Bitcoin

The collapse of Silicon Valley Bank has highlighted just how fragile the legacy financial system is.

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What next after SVB collapse? 30% chance of interest rate cuts by the summer

That escalated quickly.   Silicon Valley Bank (Nasdaq: SIVB) is no more, the biggest banking casualty since Lehman Brothers shocked the world in 2008. In came the US administration, pulling out emergency stops to stave off the crisis – in the short term, at least.

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Biden urges US citizens to trust banks amid ongoing collapse

Following the Silicon Valley Bank collapse, US President Joe Biden sought to portray calm on March 13 by assuring US citizens that the country’s financial and banking systems are secure.  In a move that has sent shockwaves throughout the banking…

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Ripple’s Top Lawyer Heaps Praise on Lawmaker Over SVB Bailout

Stuart Alderoty, Ripple's general counsel, has taken to Twitter to praise California congressman, Ro Khanna, for his efforts in protecting depositors at Silicon Valley Bank (SVB) following its sudden collapse

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U.S. Fed’s Supervision Chief Investigating What Happened With Silicon Valley Bank

Michael Barr, the vice chairman responsible for bank supervision and regulation at the U.S. Federal Reserve, is examining how the regulated Silicon Valley Bank met with its rapid collapse last week.

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Global Crypto Market Cap Surges Above $1 Trillion As Bitcoin Makes Bullish Comeback

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Biden vows to hold accountable those responsible for SVB, Signature collapse

United States President Joe Biden said on Twitter that he is “firmly committed” to holding those responsible for the Silicon Valley Bank and Signature Bank collapse “fully accountable.”

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Crypto Has Just Been Reminded About the Importance of Banks

The collapse of Silicon Valley Bank has topped off a period of unprecedented turmoil. It's given the crypto industry a lot to think about. The post Crypto Has Just Been Reminded About the Importance of Banks appeared first on BeInCrypto.

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Silicon Valley Bank collapse: Everything that’s happened until now

Events surrounding Silicon Valley Bank are moving fast. Here is a breakdown of the major developments over the last week.

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Bitcoin (BTC) Reclaims $21,000 Amid SVB Chaos

As Silicon Valley Bank's sudden collapse sends shockwaves across the technology industry, the price of Bitcoin soared to an intraday high of $21,605 on the Bitstamp exchange

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UK regulators moving ‘at pace’ to deliver plan for tech firms hurt by SVB collapse

An emergency plan to rescue startups and tech companies affected by the Silicon Valley Bank collapse is underway in the United Kingdom.

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