Crypto news

In case of a scenario where the First Republic Bank fails, the FDIC will likely want to avoid systemic risk and offer insurance to all the bank’s depositors, even those not covered by insurance. The banking crisis unfolds further, with the US officials trying to coordinate with the private sector to reach an agreement on the future of First Republic Bank (NYSE: FRC) which is under scrutiny as a result of a loss of almost $72 billion in deposits within three months. Currently,...

Bitcoin cash price started a fresh decline below the $125 zone against the US Dollar. The price is now trading below the $120 zone and the 55 simple moving average (4 hours). There is a major bearish trend line forming with resistance near $120 on the 4-hour chart of the BCH/USD pair (data feed from Coinbase). The pair could continue to move down if it stays below the $120 resistance zone. Bitcoin cash price is declining below the $125 zone against the US Dollar, similar...

Popular digital asset trading platform Crypto.com has partnered with technology giant Samsung to offer an optimized version of its app for Samsung Galaxy Z Fold devices, including the recently launched Z Fold4. In a statement released Thursday, Crypto.com announced the new update, Version 3.158.1, which features an enhanced trading and analysis experience specifically for Galaxy Z Fold devices. Tailored Trading Experience for Galaxy Z Fold  The new features will allow users...

Polygon announced that Polygon Bridge is now available for Polygon zkEVM. The development comes a month after the launch of the zero-knowledge rollup on Mainnet Beta. The symbolic first transaction on Polygon zkEVM Mainnet Beta was performed by Ethereum co-founder Vitalik Buterin. Polygon zkEVM Mainnet Beta is designed to be an all-purpose Ethereum scaling protocol that allows developers means to build on it with the usage being similar to Ethereum, without modifying...

SkyBridge Capital founder Anthony Scaramucci spoke at Consensus 2023 on Thursday about the state of affairs at FTX in the weeks and days before its collapse. The former rejected the notion that Changpeng Zhao (CZ) – CEO of Binance – was responsible for the exchange’s failure, pinning the blame solely on former FTX boss Sam Banknman-Fried.  How SkyBridge Fairs After FTX Scaramucci began by clarifying that his relationship with FTX has not harmed his company to such a great...

Place/Date: Portugal - April 27th, 2023 at 8:26 pm UTC · 3 min read Source: Bored Ape BlockDown Festival: Portugal, is excited to reveal two exclusive Bored Ape parties featuring DJ Ape and friends at this summer’s top European Web3 festival. Attendees can anticipate Europe’s inaugural Bored Ape Yacht Party on July 10th, on a beautiful yacht showcasing the stunning Algarve coast and iconic Benagil Cave for an unparalleled Bored Ape IRL adventure. The Bored Ape Afterparty on July...

The immense fraud and failure throughout crypto in 2022 have regulators hastily and recklessly driving the industry offshore, according to Custodia Bank CEO Caitlin Long.  The executive sat down with private investor and ShapeShift CEO Erik Voorhees at Consensus 2023 to discuss the many ways in which crypto has lost its way, and how it can still help remedy the problems that centralized mismanagement has caused.  Is Crypto Straying From Its Purpose? During a Thursday Panel...

Stock and crypto trading platform Robinhood has announced “Robinhood Connect,” which lets crypto investors directly buy and withdraw crypto to self-custody using a credit card.  The service is currently live with personal wallets including MyDoge and Slingshot, and will soon come to both Phantom and Exodus.  The fiat-to-crypto on-ramp is set to compete against the likes of MoonPay and Coinbase Pay, but comes from a company more closely connected to traditional finance.  The...

Ripple’s price was rejected from a key resistance level a few weeks ago, highlighting indecisiveness. Even so, there is still hope for the bulls that the rally is not over. Technical Analysis By: Edris XRP/USDT Daily Chart XRP’s price failed to break through the $0.55 resistance level and has been dropping since. The 50-day moving average is currently providing support near the $0.46 mark and is closely followed by the 200-day moving average at around $0.41. This confluence...

XRP – the native digital token of crypto firm Ripple – experienced a sharp price hike in late March after several investors and fans felt they had reason to believe Ripple could potentially win its ongoing court case with the Securities and Exchange Commission (SEC). Could Ripple Beat the SEC? The SEC has made a habit out of attacking virtually every single digital currency company over the last six or seven years. The agency is going after every firm that took part in...