Markets

Blockchain.com started out as the first Bitcoin blockchain explorer back in 2011 and later expanded into wallet services, as well as hosting its own crypto exchange. Following years of growth, the company decided that 2022 was the year they would expand into asset management services. Unfortunately, the years of experience did not save the firm from the bear market. Operational for Just Under a Year Blockchain.com, which was worth about $14 billion when BCAM was launched,...

The United States Department of Justice (DOJ) has filed an appeal to review a New York judge’s decision to approve the sale of bankrupt crypto lender Voyager’s assets to the American affiliate of crypto exchange Binance in a $1 billion deal.  According to a court document, the appeal was filed Thursday evening at the United States Bankruptcy Court for the Southern District of New York through the office of the U.S. Trustee. DOJ Appeals Judge Wiles’ Approval of Voyager’s...

With the recent news surrounding Kraken and the SEC, many digital currency participants believe a staking ban could be around the corner. Could Kraken Just Be the Start? Earlier today, Live Bitcoin News put out an article talking about how popular digital currency exchange Kraken had settled with the SEC and agreed to shut down its staking program as part of the settlement. The company will also part with more than $30 million in penalty fees. A spokesperson for Kraken...

The past seven days turned into a bloodbath across the entire cryptocurrency market, which dropped below $1 trillion in terms of total capitalization. This happens for the first time since January 14th. The decline comes on the back of a lot of negative macroeconomic developments, so let’s unpack. First things first, Bitcoin’s price is trading around $20,000, albeit slightly below it at the time of this writing. The intraday low sits at $19,549 on Binance and BTC is down...

Silicon Valley Bank (SIVB) is reportedly seeking external acquisition after its efforts to raise over $2 billion in capital have failed. Shares in the bank were down 62% in pre-market trading on Friday, for which trading has now been halted. According to CNBC’s David Faber, Silicon Valley Bank has “hired advisors to seek a sale,” a result which is “not unexpected.” The bank’s stock plummeted 60% on Thursday after it announced a planned total raise worth $2.25 to “strengthen...

This week, we take a closer look at Ethereum, Ripple, Cardano, Dogecoin, and Polygon. Ethereum (ETH) The overall market has turned red, and ETH’s price has lost 15% in the past week. With support broken to the downside, Ethereum is struggling to find its footing and could go to $1,300, where the next key support is found. The news that Ethereum could be considered a security is another blow that may intensify the current bearish momentum. As the pressure is building up,...

It’s safe to say that Bitcoin’s price has seen better days. The cryptocurrency fell below $20,000, reaching an intraday low at around $19,791 (on Binance) and charting a decline of around 8% in the past 24 hours alone. Source: TradingViewThat said, the move didn’t come without its catalysts, so let’s have a look at five potential reasons why it happened. Silvergate Bank On March 2nd, Silvergate Bank – a financial institution that used to serve a myriad of crypto heavyweights...

It looks like Brian Armstrong of Coinbase fame was right to be as concerned as he was about the SEC and other organizations targeting crypto staking. In the latest headlines, the Securities and Exchange Commission has gone after Coinbase’s competitor Kraken. The exchange has agreed to shut down all its staking services as part of a settlement agreement and pay up to $30 million in fees. SEC Goes After Kraken In a complaint against the Northern California-based trading...

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Bitcoin cash price started a fresh decline from 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 key bearish trend line forming with resistance near $116 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair could correct higher, but upsides might be limited above the $115 level. Bitcoin cash price is declining from the $125 zone against the US Dollar, similar...