Bankrupt Crypto Lending Platform BlockFi Faces Potential $227 Million Loss in Uninsured Funds at Silicon Valley Bank – What’s Going On?
Bankrupt crypto lender BlockFi has $227 million in uninsured funds stuck in an account maintained by failed lender Silicon Valley Bank. According to a March 10 filing by the Justice Department, BlockFi has $227 million parked in a money market mutual fund, which isn’t insured by the Federal Deposit Insurance Corporation (FDIC…
TMS Network (TMSN) Ready to Skyrocket: Will Ripple (XRP) and Cardano (ADA) Be Able to Join the 700% Club too?
The rave of the moment, TMS Network (TMSN), has been riding on a high lately. Having sold out the first phase of its presale, and rewarding early investors with a 700% increase by moving from $0.0047 to $0.038 now, the token is ready to head to the moon. It is now up for grabs if…
Uniswap (UNI) and Cardano (ADA) Post Big Losses on the 30-day chart; Rally Takes Orbeon Protocol (ORBN) Price Up Over 2202%
March 24, 2023 by Akash Anand In the turbulent cryptocurrency world, Uniswap (UNI) and Cardano (ADA) have experienced significant losses on the 30-day chart, with investors growing increasingly concerned about their prospects. However, amidst the market turmoil, a new player has emerged, rallying strong and capturing the crypto community’s attention. Orbeon Protocol (ORBN) has witnessed…
Chinese Government Approves of Hong Kong’s Crypto Plans: Bloomberg
Hong Kong’s recent pivot to becoming a crypto hub is reportedly being made with Beijing’s subtle blessing. Key Takeaways Hong Kong is gearing up to become a crypto hub. The Chinese government is giving subtle hints of approval towards the plan. Yesterday a Hong Kong regulatory body outlined conditions under which retail investors would be…
Cardano Trading Pair Delisted Citing Low Trading Volume
March 23, 2023 by Lipika Deka Cardano, Shiba Inu, Polygon, and Solana are among the crypto assets to be delisted by Binance.US due to low trading activity.Based on recent trading activity, Binance.US will remove and cease trading for the following Advanced Trading pairs on March 29, 2023, at 8 p.m. PDT / 11 p.m. EDT. As…
Crypto Fugitive Do Kwon Is Arrested in Montenegro, Authorities Say
Crypto Fugitive Do Kwon Is Arrested in Montenegro, Authorities Say The New York TimesDo Kwon Arrested in Montenegro: Interior Minister CoinDeskSuspected Crypto Fugitive Arrested in Montenegro – WSJ The Wall Street JournalCrypto Fugitive Do Kwon Is Arrested in Montenegro and Charged With Fraud in US BloombergCrypto Fugitive Do Kwon Arrested Per Montenegro Minister…
Coinbase Beats Earnings Expectations
The company reported $604 million in revenue for Q4 of 2022, up 5% from the $590 million it made in Q3. Key Takeaways Coinbase reported higher earnings than expected yesterday. The company made $604 million in revenue in the final quarter of 2022, beating the $590 million it had earned in the third quarter. Coinbase’s…
The Cardano Game-Changer: Could DJED Propel the Price of ADA?
Cardano has experienced considerable gains in recent weeks. What catalysts could prompt a surge in the price? A deep dive into the underlying on-chain data shows how the ongoing spike in whale activity could spur ADA into higher price levels. DJED Stablecoin Launch Attracts Whales to the Cardano Ecosystem ADA, the governance coin for the…
Why Is Cardano The Worst Performer? Is The Hype Around ADA Price Dead?
With Bitcoin’s astronomical surge, the crypto market has witnessed an overall bullish trend, touching a new mark in the global market cap. However, with each passing day, investors are witnessing several altcoins rise and fall, and one such cryptocurrency that has been caught under intense bearish domination lately is Cardano. Despite bringing many developments to…
Coinbase Launches its Own Ethereum Layer 2 Solution
Coinbase is launching the testnet for Base, a Layer 2 solution powered by Ethereum. Key Takeaways Coinbase is launching its own Layer 2 solution. Base is secured by Ethereum, but plans on being interoperable with other blockchain ecosystems. The company stated that Base would not have a native token. Coinbase announced the launch of its…