By CD Read more: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data The government’s weekend backstop of depositors at failed lenders Silicon Valley Bank and Signature Bank sent bitcoin above $22,000.Publish at: March 13, 2023 at 12:46PM
MicroStrategy and Marathon Digital Lead Tenuous Bounce for Crypto-Related Stocks
First Mover Americas: Bitcoin Gains as FDIC Steps In for Silicon Valley Bank
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 13, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.Publish at: March 13, 2023 at 12:44PM
Crypto’s Latest Stablecoin is Called HOPE, Started by Ex-Babel Finance CEO Flex Yang
By CD Read more: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data HOPE will serve as the native stablecoin for the new Hope ecosystem, which is focused on bringing traditional finance users to the crypto market.Publish at: March 13, 2023 at 12:37PM
Silicon Valley Bank Clients Can Fully Access Funds After FDIC Creates New Bridge Bank
By CD Read more: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data Loans and other services will resume on normal schedule Monday following a switch to a new bridge bank, the regulator saidPublish at: March 13, 2023 at 10:33AM
Bitcoin, U.S. Stock Futures Erase Early Gains as First Republic Bank Tanks 50% in Pre-Market Trading
By CD Read more: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data Risk assets pared gains while bond yields tanked as emergency measures announced by U.S. authorities failed to assuage investor fears about banking sector problems.Publish at: March 13, 2023 at 10:13AM
Euler DeFi Protocol Exploited for Nearly $185M
By CD Read more: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data The losses occurred over four transactions in dai (DAI), wrapped bitcoin (WBTC), staked ether (sETH) and USDC.Publish at: March 13, 2023 at 09:55AM
OKX-Affiliated OKCoin Pauses USD On-Ramp Due to Signature Bank’s Collapse
By CD Read more: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data OkCoin CEO Hong Fang tweeted that customer deposits are safe and USD withdrawals are not affected.Publish at: March 13, 2023 at 09:28AM
EU Merchants Could Be Required to Accept Digital Euro, Ministers Told
By CD Read more: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data Governments from the euro currency bloc are due to discuss strategic objectives for the CBDC later Monday.Publish at: March 13, 2023 at 09:06AM
Silicon Valley Bank Crisis a ‘Cyprus Moment’ for Bitcoin: Crypto Observers
By CD Read more: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data The Fed’s aggressive rate hikes and balance sheet reduction have caused a historic bank failure — fashioning a real-time ad for Bitcoin self-custody, observers said.Publish at: March 13, 2023 at 08:53AM
Smart Money Staying Put as USDC Remains Off-Peg
By CD Read more: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data Data from Nansen shows that the total amount held by smart money wallets, and active addresses, are at multi-month lows.Publish at: March 13, 2023 at 08:29AM
