Day: March 14, 2023

Bitcoinโ€™s 2023 price action driven by the desire to regain losses, according to professional trader

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Episode 7 of Cointelegraphโ€™s Crypto Trading Secrets podcast is now live. This weekโ€™s episode features an interview with crypto trader Zoran Kole, who goes by @Captain_Kole1 on Twitter. Kole shared his opinions in response to a number of questions asked by host Benjamin Pirus during the episodeโ€™s recording on March 1 โ€” including his views on what he thinks has most impacted the price of Bitcoin (BTC) so far in 2023 (as of the showโ€™s recording), and whether or not that may remain the case for the remainder of the…

Silicon Valley Bank was the tip of a banking iceberg

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Traditional financial institutions take deposits from customers and use them to make loans. But they loan out much more than what they have in store at a given point in time โ€” a concept known as fractional banking. On one hand, the difference between the interest on the loans and the interest paid to depositors is referred to as the net interest margin and determines a bankโ€™s profitability. On the other hand, the difference between the assets and liabilities is referred to as their equity and determines the bankโ€™s resilience…

Metaverse Fashion Is on the Rise, but for Whom?

Digital fashion is nascent in the Web3 space, with the potential to onboard millions of users in the coming years. But, as brands work out who to target with hard-to-fathom technology. adoption is still in its early stages. This piece is a part of CoinDeskโ€™s Culture Week. Source

Banks collapsing; stablecoins depegging โ€” What is happening? Watch The Market Report live

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This week on The Market Report, the resident experts at Cointelegraph discuss all the details regarding the latest bank collapse and the USD Coin (USDC) depeg. We kick things off with this weekโ€™s top stories Silicon Valley Bank collapse: Everything thatโ€™s happened until now The sudden collapse of Silicon Valley Bank (SVB) has quickly unfolded over the last week, depegging stablecoins, leading regulators in the United States and the United Kingdom to prepare emergency plans and raising fears among small businesses, venture capitalists and other depositors with funds stuck at…

Ethereum Creator Vitalik Buterin Sends 200 ETH to Crypto Exchange Kraken: PeckShield

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Ethereum founder Vitalik Buterin is once again on the move, sending hundreds of Ethereum (ETH) to a major US-based digital asset exchange. Blockchain security firm Peckshield initially spotted the transfer and revealed that a wallet owned by Buterin shifted 200 ETH worth over $323,000 to a wallet of unknown origin. The ETH trove was subsequently moved to crypto exchange Kraken where it could potentially be sold on the open market. โ€œPeckShieldAlert: vitalik.eth has transferred 200 ETH to Kraken within the last one hour.โ€ย  Source: PeckShield/Twitter According to blockchain-tracking service Etherscan,…

Bitcoin derivatives suggest $26K resistance level wonโ€™t hold for long

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The price of Bitcoin (BTC) increased by 28% between March 12 and 14, reaching $26,500, its highest level since June 2022. Some may attribute the gains to the Consumer Price Indexโ€™s (CPI) 6% year-over-year increase in February, even though the figure was in line with expectations. The inflation metric reached its lowest level since September 2021, which is a positive development, but it does not validate the United States Federal Reserveโ€™s attempt to reduce the metric to 2%. Most likely, risk markets, such as stocks and cryptocurrencies, soared after regional…

Bitcoin derivatives suggest $26K resistance level won’t hold for long

The price of Bitcoin (BTC) increased by 28% between March 12-14, reaching $26,500, its highest level since June 2022. Some may attribute the gains to the consumer price indexโ€™s (CPI) 6% year-over-year increase in February, even though the figure was in line with expectations. The inflation metric reached its lowest level since September 2021, which is a positive development, but it does not validate the Federal Reserveโ€™s attempt to reduce the metric to 2%. Most likely, risk markets, such as stocks and cryptocurrencies, soared after regional bank stocks recovered from…

Banking Crisis in U.S. Likely to Push Crypto Firms Offshore

“Bank Frick is reviewing every new onboarding case individually. We apply and have always applied the same strict standards in the crypto area as in the classic banking business. If all necessary local [know your customer/anti-money laundering] standards are fulfilled, it is also possible to onboard jurisdictions outside Europe,” Nicolas Marxer, Bank Frickโ€™s head of blockchain banking, told CoinDesk. Source

LTC Back Above $80, DOGE Extends Gains Following Inflation Report โ€“ Market Updates Bitcoin News

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Litecoin rose by as much as 15% in Tuesdayโ€™s session, as markets reacted to the latest inflation report from the United States. Figures from the monthly Consumer Price Index showed that inflation has fallen to 6% in February, down from 6.4%. Dogecoin was also higher on the news, extending recent gains. Litecoin (LTC) Litecoin (LTC) was once again in the green, as prices of the token rose above $80.00 on Tuesday. Following a low of $75.20 to start the week, LTC/USD surged to an intraday peak of $86.34 earlier today.…