Silicon Valley Bank- UK Branch Shut By B.O.E
The Bank of England has closed Silicon Valley Bank’s UK branch, following the closure of its parent company in the United States by regulators. The US bank suffered from a…
Jim Cramer Told People to Invest In Silicon Valley Bank
Jim Cramer, the host of CNBC’s Mad Money, recently faced criticism for recommending Silicon Valley Bank to his viewers only a month before the company went bankrupt. His advice was…
Circle Announce They Will Cover Any Shortfalls In $USDC
Circle, the company behind USD Coin (USDC), a stablecoin pegged to the US dollar, has declared that It will provide the necessary funds to cover all there balances in a…
Justin Sun Blames “Leveraged Liquidations” for Sudden Crash In Huobi (HT) Token
Huobi’s HT token had a dramatic decrease in its value, dropping from $4.81 to $0.31 on the Huobi exchange before quickly recovering. The cause of this sudden price fluctuation has…
Digital Dollar Will Impact Citizens Privacy Says Congressman Tom Emmer
Congressman Tom Emmer has said he is worried about the potential dangers of a digital currency issued by the central bank (CBDC), often referred to as a digital dollar, in…
Thailand Offers $1B Tax Break To Crypto Firms
Thailand has proposed a tax incentive of up to one billion dollars for companies that launch investment tokens according to Reuters Thailand is taking steps to establish itself as a…
$300m Lost In Trader Liquidations in Latest Crypto Crash
Crypto-investors have reportedly lost a substantial amount of money in the recent market crash, with over $300 million in liquidated holdings due to the sudden and drastic drop in the…
Jo Biden Wants 30% Tax On Crypto Mining Electricity Use
The Biden administration has proposed a budget for 2023 that would place a 30% tax on electricity used for cryptocurrency mining in the United States. This has caused some unease…
Bitcoin Falls Back Below $20k As Fear Sets In
Thursday marked a major drop for Bitcoin, as its value went under $20,000, which was a reversal from the upward trend that had been in place since the beginning of…
Silvergate Collapse Dragging Down Bitcoin Volume
CryptoQuant data shows that transfer volume, denominated in BTC, is down 35% over the last 24 hours. At the same time, the total number of transactions on the Bitcoin blockchain…