On Thursday, the Biden administration released the U.S. president’s 182-page budget proposal for the fiscal year 2024, which aims to “grow the economy from the bottom up and middle out.” The budget includes an $835 billion increase in military spending, but the administration claims it will reduce the deficit by $3 trillion over the next decade. Additionally, the budget proposes…
We are excited to announce Kraken’s NFTournament! In celebration of the NCAA men’s and women’s basketball tournaments, Kraken is hosting a series of six competitions that coincide with each round of the real event. The competition will culminate in an epic championship round where one winner will take home their very own Azuki NFT worth over $20,000¹! Kraken is giving…
The show Macro Markets, hosted by Marcel Pechman, which airs every Friday at 12 pm ET on the Cointelegraph Markets & Research YouTube channel, explains complex concepts in layman’s terms and focuses on the cause and effect of traditional financial events on day-to-day crypto activity. In today’s episode, crypto analyst Pechman looks at the price-to-earnings ratio (P/E), which is the…
After a tumultuous few days, in which Silicon Valley Bank’s stock plummeted amid liquidity fears, the startup-centric bank has finally shut down. The California Department of Financial Protection and Innovation closed SVB Friday afternoon, appointing the Federal Deposit Insurance Corporation (FDIC) to take over operations. To protect the bank’s clients, the FDIC created the Deposit Insurance National Bank of Santa…
Silicon Valley Bank, a major financial institution for venture-backed companies, was shut down by California’s financial watchdog on March 10 — marking the first FDIC-insured bank to fail in 2023. The California Department of Financial Protection and Innovation confirmed that Silicon Valley Bank was ordered to close and that depositors “will have full access to their insured deposits no later…
A new NFT conference in Brazil is building on growing interest in the Web3 ecosystem across the region, bringing together builders and leaders from the space to grow the local crypto community. Breakout NFT, taking place from March 15-16 in Sao Paolo, brings together an impressive lineup of speakers from ConsenSys, Artblocks, Chainlink, FingerPrintsDAO, and a wide array of artists…
Dogecoin fell to its lowest level since October, as cryptocurrency prices plunged during Friday’s session. Overall, the global crypto market cap dropped by nearly 9% today, which seems to have been triggered by yesterday’s liquidation of Silvergate bank. Litecoin has been another notable mover, falling by over 17%. Dogecoin (DOGE) Dogecoin fell to a five-month low on Friday, as crypto…
Staked Ether (ETH), liquid derivatives — it’s a whirlygig of smart contracts and big-brain blockchain jargon out there. Nonetheless, there are a few paths through the ETH staking wilderness. But remember, anon, as the poet Antonio Machado said, “There is no path, paths are made by walking” — which is a fancy way of saying this isn’t financial advice and…
Staked Ether (ETH), liquid derivatives — it’s a whirlygig of smart contracts and big-brain blockchain jargon out there. Nonetheless, there are a few paths through the ETH staking wilderness. But remember, anon, as the poet Antonio Machado said, “There is no path, paths are made by walking” — which is a fancy way of saying this isn’t financial advice and…
Bitcoin (BTC) struggled to reclaim $20,000 support at the March 10 Wall Street open as fears mounted over Silicon Valley Bank (SVB) contagion. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Trader targets $18,000 BTC price Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it nursed fresh losses, reaching $19,569 on Bitstamp. The pair had seen further downside prior to…
