Crypto news

There are various choices accessible to PacWest Bancorp that could assist the business overcome the present shares devaluation. PacWest Bancorp (NASDAQ: PACW), a regional bank based in California, is seeing its shares plummet by 23%, days after reporting a 9.5% drop in deposits for the week ending May 4, 2023. Notably, the decline in deposits was attributed to media reports that the regional bank was considering several strategic options in the wake of the current banking chaos in the US....

Pepecoin (PEPE) made quite a significant upheaval in the sluggish crypto market. From less than $1 million at the launch, its market cap swelled close to $2 billion in just weeks. The frog-themed memecoin in the crypto universe dominated by dog-themed coins is bound to trigger funny memes. And one such meme attempt by Coinbase doesn’t seem to have landed well, and the crypto exchange is at the receiving end of a “well-deserved” backlash from PEPE fans and holders. PEPE as a...

[PRESS RELEASE – Please Read Disclaimer] The Super Six tournament is gaining momentum on 1xBit. Winners of the second round have already claimed their winnings but the prizes from the 6 BTC prize pool are yet to dry out. Now is the perfect time to join the Super Six tournament, as the next prize draw starts very soon. Bet on your favorite football league and win big! How to join the Super Six Tournament First, you must create an account on 1xBit or log into your dashboard if...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up How does crypto regulation work around the world? It appears to be different in every country, and the goal is to try and find the best approaches and take the best points from each to form a solid roadmap for traders everywhere. Crypto Regulation Differs Depending on the Country There has been a huge call for...

Bitcoin has been showing relatively bearish price action after a decisive rejection from the $30K resistance level, while also losing key support recently. Yet, there are still multiple crucial zones for the price to rely on. Technical Analysis By: Edris The Daily Chart The price has been consolidating below the $30K resistance level following a failed breakout earlier in April. The 50-day moving average has also been broken to the downside around the $28K mark as a result of...

Amid the current banking crisis in the United States, stablecoin issuers like Tether and Circle have been moving their reserves to the safest instrument i.e. US Treasury. In a recent development, USDC stablecoin issuer Circle has reported that it has recently adjusted its reserve treasury in order to avoid the risks of US debt defaults. On Wednesday, May 10, Circle CEO Jeremy Allaire appraised the same stating that the firm has adjusted the mix of reserves backing the stablecoin USDC by...

Venom’s blockchain hub is also expected to attract a wide range of stakeholders, including developers, entrepreneurs, investors, and regulators. Venom Foundation, which recently hit the news with its testnet launch and hackathon, has signed a Memorandum of Understanding (MOU) with the Kenyan government. This partnership is billed to help in setting up a blockchain hub in Kenya, focusing on the development of Web 3.0 applications. As it was announced, the hub aims to promote the adoption...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Crypto scammers have a new way of getting money out of their intended victims. They are now pretending to be members of Best Buy’s infamous Geek Squad team. You know… The alleged computer geniuses that know everything about fixing your laptop or desktop. Is That the Real Geek Squad Contacting You? This was...

Marathon said it is cooperating with the SEC to provide the requested information, highlighting that it was dedicated to abiding by all relevant laws and rules. Bitcoin mining firm Marathon Digital Holdings Inc (NASDAQ: MARA) has gotten a subpoena from the United States Securities and Exchange Commission (SEC) in connection with suspected violations of Federal securities laws. According to reports from Bloomberg, the subpoena requests the production of certain documents related to the...

A U.S. court has given troubled cryptocurrency exchange Bittrex Inc. permission to borrow $7 million worth of bitcoin (BTC) to fund the start of its Chapter 11 bankruptcy case. According to a Reuters report, Bankruptcy Judge Brendan Shannon approved the exchange’s request on an interim basis at a Wednesday court hearing in Wilmington, Delaware. Bittrex to Borrow $7M in BTC for Bankruptcy Recall that Bittrex Inc. filed for bankruptcy protection on Monday, intending to return...