Tag Archives: 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...

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...

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...

Prior to the launch of the FWS, the protocol launched its Filecoin Virtual Machine Compatibility which supports smart contracts. Blockchain-based storage network, Filecoin Network has announced the launch of its proprietary Filecoin Web Service (FWS) a cloud-based decentralized alternative to tech giants like the Amazon Web Service (AWS), and Microsoft Azure amongst others. As announced by the protocol, the launch of FWS marks a very big milestone for its engineering team and the new...

Meme coins may be fun, but it’s obviously not just that. Tokens such as Dogecoin and Shiba Inu are clear proof that this kind of asset can have real gain potential Crypto investing has long been all about Bitcoin and Ethereum, but have you ever considered diversifying your portfolio? There are so many alternatives to these big-name cryptocurrencies that it’s hard to choose something, but let’s take it easy. We’ll focus on a specific type of digital coin that has managed to catch investors’...

The US Commerce Department’s recent shows that economic growth and GDP have slowed even as Bitcoin struggles to regain $30,000. The price of Bitcoin (BTC) has remained relatively stagnant for about a week as the US gross domestic product (GDP) is slowing. Currently trading at $28,870 according to CoinMarketCap data, BTC has been unable to hit $30,000, last seen briefly on the 19th of April, and not seen in the first quarter of the year. This trend follows the GDP’s slowing in the same...

With the SBI investment, Zodia Custody will increase its Japan presence amid increased demand for digital assets from institutional investors in the country. Zodia Custody, an institutional-grade crypto asset custodial platform backed by Standard Chartered in association with Northern Trust, has announced that it raised approximately $36 million led by Japanese financial conglomerate SBI Holdings. The London-headquartered crypto startup announced that the funding round also saw...

Affected by reduced demand for Covid drug Molnupiravir, Merck has published reduced revenue figures according to its Q1 2023 report. Multinational pharmaceutical giant Merck & Co Inc (NYSE: MRK) has released its Q1 2023 report. The company’s figures show a reduction in revenue due to several factors, including a plunge in sales. According to published figures, Merck’s Q1 revenue is 9% lower than reported in Q1 2022. This is mainly because its Molnupiravir Covid treatment drug has seen...

Arkham Intelligence issued a clarification that a bug caused to send the alerts regarding Mt. Gox and Us government selling Bitcoin. The BTC price recovered fast after the clarification. Over the last 48 hours, the Bitcoin price witnessed massive volatility sending jitters across the entire investor community. Earlier this week on Tuesday, the Bitcoin price shot up all the way to $30,000 following the news of a crisis-like situation at the First Republic Bank. But during Wednesday’s...