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Weekly overview

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

  • Post author:admin
  • Post published:March 17, 2023
  • Post category:Weekly overview

The fire lit by Silvergate Bank and Silicon Valley Bank will make it harder for crypto to find financial partners. The collapse of Silicon Valley Bank (SVB) and Silvergate Capital,…

Continue ReadingCollapse of Silvergate and Silicon Valley Bank represent a challenge for crypto

US lawmaker suggests Signature’s collapse was tied to instability of crypto

  • Post author:admin
  • Post published:March 17, 2023
  • Post category:Weekly overview

Senator Michael Bennet said crypto was not “even as stable as the marijuana industry,” questioning Signature Bank’s ability to service digital asset firms but not dispensaries. Michael Bennet, a United…

Continue ReadingUS lawmaker suggests Signature’s collapse was tied to instability of crypto

MakerDAO passes proposal for $750M increase in US Treasury investments

  • Post author:admin
  • Post published:March 17, 2023
  • Post category:Weekly overview

The emergency proposal increases MakerDAO’s holdings of United States bonds by 150%, aiming to diversify the Dai stablecoin’s collateral exposure. Lending protocol and stablecoin issuer MakerDAO passed a proposal on…

Continue ReadingMakerDAO passes proposal for $750M increase in US Treasury investments

Swiss Bankers Association proposes deposit tokens to develop digital economy

  • Post author:admin
  • Post published:March 17, 2023
  • Post category:Weekly overview

A deposit token is a concept that came out of Singapore’s Project Guardian last year, and it has already been touted by JPMorgan. The Swiss Bankers Association released a white…

Continue ReadingSwiss Bankers Association proposes deposit tokens to develop digital economy

Bitcoin bears could face $440M loss in Friday’s options expiry

  • Post author:admin
  • Post published:March 17, 2023
  • Post category:Weekly overview

The bailout of Silicon Valley Bank provided a significant advantage to BTC bulls on the weekly $1.2 billion BTC options expiry. The rejection that followed Bitcoin’s (BTC) rally to $26,500…

Continue ReadingBitcoin bears could face $440M loss in Friday’s options expiry

Orca DEX to block US users from trading with its interface

  • Post author:admin
  • Post published:March 17, 2023
  • Post category:Weekly overview

The company said U.S. traders would still be able to make swaps by directly interacting with Orca’s smart contracts, however. The Solana-based decentralized exchange (DEX) Orca will block all United…

Continue ReadingOrca DEX to block US users from trading with its interface

Ethereum core developers set April 12 for Shanghai hard fork

  • Post author:admin
  • Post published:March 17, 2023
  • Post category:Weekly overview

The upgrade will enable staked ETH withdrawals on the Beacon Chain, completing Ethereum’s transition to a PoS consensus. The target date for the highly anticipated Shanghai hard fork on Ethereum…

Continue ReadingEthereum core developers set April 12 for Shanghai hard fork
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