By CD Read more: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data 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.Publish at: March 17, 2023 at 12:37PM
Silicon Valley Bank’s Parent Company Files for Bankruptcy
First Mover Americas: Bitcoin Busts Through $26K
By CD Read more: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data The latest price moves in bitcoin (BTC) and crypto markets in context for March 17, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.Publish at: March 17, 2023 at 12:10PM
On-Chain Data Reveals How Trading Firms Worked the USDC Stablecoin Repeg
By CD Read more: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data 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.Publish at: March 17, 2023 at 12:10PM
Cardano Blockchain Releases Update to Enhance Network Communication
By CD Read more: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data The new version of nodes is designed to ensure network uptime and stability and improve overall network resilience.Publish at: March 17, 2023 at 11:54AM
Former Belgian Finance Minister Calls for Crypto Ban in Wake of Banking Crisis
By CD Read more: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data Johan van Overtveldt, economic spokesperson for the right-wing ECR political party in the European Parliament, compared crypto to drugs.Publish at: March 17, 2023 at 11:27AM
Genesis Requests Timetable for Sale, Creditor Claims
By CD Read more: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data The company wants to sell off its business after filing for bankruptcy on Jan. 19.Publish at: March 17, 2023 at 10:07AM
Bitcoin Is Benefiting From Crypto’s Flight to Quality: Matrixport
By CD Read more: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data Investors are shifting into bitcoin from stablecoins as well as more volatile cryptocurrencies, the report said.Publish at: March 17, 2023 at 10:02AM
Crypto Speculators Betting on ‘No Airdrop’ for Arbitrum Lose 95% of Capital
By CD Read more: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data Claims of “no airdrop” on a popular prediction market fell steeply in a single day after Arbitrum confirmed its airdrop on Thursday.Publish at: March 17, 2023 at 10:00AM
Bitcoin Breakout Has Put $28K in Cross Hairs
By CD Read more: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data Bitcoin’s swift move above a resistance dating back to August 2022 has strengthened the case for a continued rally.Publish at: March 17, 2023 at 07:31AM
Crypto Twitter Thinks the Fed’s $297B Balance Sheet Expansion is ‘QE’, But It’s Not
By CD Read more: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data According to some observers, the latest expansion in the Fed’s balance sheet is not outrightly stimulative like the one seen following the coronavirus-induced crash of 2020.Publish at: March 17, 2023 at 06:30AM
