Volmex’s Bitcoin implied volatility index (BVIV) and Ether implied volatility index (EVIV) measure the expected price turbulence over 30 days, derived from real-time crypto call and put options. The indices can be considered analogous to Wall Street’s fear gauge, the VIX index, which is also derived from the options market tied to S&P 500. Source
GPT-4, the latest version of artificial intelligence chatbot ChatGPT, believes the events of the last seven days could be bullish for Bitcoin (BTC), Ether (ETH), and Cosmos (ATOM), according to an AI-trading experiment run by Cryptox. The experiment is aimed at understanding GPT-4’s potential biases towards certain cryptocurrencies, how the events of last week could impact investment decisions, and whether it can adjust strategy to eventually turn a profit. The experiment began on March 17, instructing the chatbot to allocate $100 to “make as much money as possible in the…
The company said Friday it had filed for court-supervised reorganization in the United States Bankruptcy Court for the Southern District of New York to preserve value. Source
Troubled SVB Financial Group has filed a voluntary petition for a court-supervised reorganization under Chapter 11 in the United States Bankruptcy Court to preserve value. Announcing the news on March 17, SVB said that SVB Securities and SVB Capital’s funds and general partner entities are not included in the bankruptcy proceedings. The entities will continue to operate in the ordinary manner while SVB Financial Group proceeds to explore strategic alternatives for its businesses. SVB Financial Group also emphasized that the company is no longer affiliated with Silicon Valley Bank N.A.,…
Signature Bank in particular served the likes of Paxos Trust and Celsius and other major crypto firms that suffered as a result of the decisions taken by the Federal Deposit Insurance Corporation and New York State Department of Financial Services. Meanwhile Silicon Valley Bank (SVB) reportedly handled over $5 billion of funds for a handful of cryptocurrency venture capital funds including Andreessen Horowitz (a16z), Paradigm and Pantera Capital in recent years. USD Coin (USDC) issuer Circle was directly affected by the closure of SVB, with $3.3 billion tied up in…
With the Beijing development, Baidu can now operate a driverless taxi service in three Chinese cities, including Wuhan and Chongqing. Chinese tech giant Baidu has secured the right to offer the first fully driverless taxi service in China’s capital, Beijing. On Friday, the Beijing-based company made the announcement, which also included part of its logistical rollout. Baidu said its Apollo Go service would deploy 10 fully driverless cars in a technology park developed by Beijing’s government. Apollo Go currently has vehicles operating over 20 rides per day in the Yizhuang…
Bitcoin, the world’s largest cryptocurrency, is back trading above $26,000 for the second time this week, up 7.5% in the last 24 hours. The coin has been trading between $24,000 and $26,700 over the past week. Investors who went away for a while are back and adding exposure to bitcoin, according to Alex Thorn, head of firmwide research at Galaxy Digital. “We expect to see significant demand as bitcoin moves further past $25,000,” Thorn wrote in a note. Ether is up 5.1% in the past 24 hours and up 20%…
Trading firms were quick to jump on the USDC long trade over the weekend as the stablecoin slumped to $0.88 amid banking concerns in the U.S. Source
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