The total crypto market capitalization increased by 26% in seven days, reaching $1.16 trillion on March 17. Bitcoin (BTC) was the biggest winner among the top 20 coins, up 31.5%, though some altcoins gained 50% or more during that period. Total crypto market cap in USD, 12-hour. Source: TradingView The surge in cryptocurrency prices occurred as the United States Federal…
The total crypto market capitalization increased by 26% in seven days, reaching $1.16 trillion on March 17. Bitcoin (BTC) was the biggest winner among the top 20 coins, up 31.5%, though some altcoins gained 50% or more during that period. Total crypto market cap in USD, 12-hour. Source: TradingView The surge in cryptocurrency prices occurred as the United States Federal…
In cryptocurrency trading, a “buy wall” is a massive buy order, or multiple buy orders, around a particular price level. Conversely, a “sell wall” is a significant accumulation of sell orders at a given price level. Before understanding how buy and sell walls work, it is important to know what an order book and its market depth are. What is…
Gala Games has a staggering number of Web3 titles in development, and its role-playing game The Walking Dead: Empires (TWDE) is among the first of them now shuffling towards launch like a zombie in hot pursuit. Licensed from the smash comic book-inspired AMC TV series, TWDE is set to arrive soon on Windows PC and Mac amid the latest resurgence…
Cryptocurrency exchange Coinbase is reportedly planning to set up a crypto trading platform outside the United States, where it is currently headquartered. According to a March 17 Bloomberg report, Coinbase discussed setting up the non-U.S. platform with some of its institutional clients. The reported move came amid many U.S. lawmakers and regulators taking aim at crypto firms for their perceived…
During the past 11 days, over 7 billion USDC stablecoins have been withdrawn from circulation, with most of the redemptions occurring following the depegging event of USDC on March 11, 2023. Furthermore, since March 6, a total of 439.48 million BUSD stablecoins have been redeemed. Stablecoin Depegging Event Triggers Billions in Redemptions The stablecoin landscape has undergone significant changes this…
Crypto investors should know by now that it doesn’t take much to topple a distressed multi-billion-dollar firm. On March 10, California regulators officially shut down Silicon Valley Bank (SVB) 48 hours after the company disclosed it was in financial distress. As Cointelegraph reported at the time, SVB is the first Federal Deposit Insurance Corporation (FDIC)-insured bank to fail in 2023.…
Silicon Valley Bank and Silvergate Bank were crucial to many in the cryptocurrency industry, and it’s fueling theories that regulators fueled their downfall. Source: https://cointelegraph.com/news/do-bank-failures-amount-to-intentional-regulatory-demolition
Bitcoin and other cryptocurrencies rallied on Friday, just as tech-friendly bank Silicon Valley Bank’s former parent company filed for Chapter 11 bankruptcy and stocks dipped amid fears of a banking crisis. The biggest digital asset by market cap pushed past $27,000 Friday morning Eastern Time. At the time of writing it had dropped to $26,555—a 6.2% 24-hour jump. It is…
The British finance ministry’s plans to update crypto tax rules should clear up confusion for taxpayers and give the Government more information on crypto holders, experts have said. As part of the Spring Budget announcement on Wednesday, the Treasury said it was amending the rules surrounding cryptoassets on the Self Assessment (SA) system, which UK taxpayers can use to file…
