Investors are finally set to gain access to more than $33 billion of ether this week under a planned revamp of the blockchain. A new software upgrade to the Ethereum blockchain, dubbed Shapella, will let market players redeem their “staked ether” – coins they have deposited and locked up on the network over the past […]
Cryptocurrency
An Analysis of Bitcoin’s Resilience and its Future Outlook Bitcoin, the world’s first decentralized digital currency, has been on a rollercoaster ride since its inception. Its price has seen massive fluctuations, from a few cents to its all-time high of almost $65,000. While its volatility is well-known, Bitcoin’s resilience in the face of market crashes […]
Bullish bitcoin has been a surprise winner of the banking blowout. Yet investors aiming to amp up their bets face an ominous obstacle: a lack of liquidity that could trigger wild price swings. The price of the No.1 cryptocurrency has jumped 40% to around $27,700 since March 10, when the failure of Silicon Valley Bank […]
Bankrupt cryptocurrency exchange FTX said on Thursday it would sell its stake in Web3-focused startup Mysten Labs for $95 million, as it strives to pay back its customers. The exchange had paid nearly $101 million last year for preferred shares of Mysten and led a funding round that valued the platform which provides infrastructure for […]
At the turn of the year, bitcoin was in the grip of a bleak midwinter, down and out after a 2022 defined by tumbling crypto prices, bankruptcies and corporate scandals. Less than three months later, bitcoin’s got its mojo back. With gains of more than 70% so far this year, it has outpaced other major […]
Silvergate Capital Corp, one of the biggest banks in the cryptocurrency industry, said on Wednesday it was planning to wind down operations and liquidate voluntarily. MARKET REACTION Shares of crypto-related companies fell on Thursday, as the bank’s collapse sparked a crisis of confidence in the industry. Silvergate shares were down 26% while peer Signature Bank […]
Shares of crypto-focused companies fell on Thursday in premarket trading after Silvergate Capital Corp disclosed plans to wind down operations and voluntarily liquidate, as the aftermath of FTX’s implosion last year reverberates through the industry. Analysts said a complete closure of the crypto lender could take one or two years depending on how quickly outstanding […]
For investors living on the digital edge, bitcoin is starting to look a little old-fashioned. Hooked on high growth, some are turning away from the original cryptocurrency – designed as an alternative to regular cash – in favor of its descendants created as native tokens of blockchain platforms that host smart contracts and apps. MarketVector’s […]
1. Lithium Price Slide Deepens as China Battery Giant Bets on Cheaper Inputs By now, it is out in the open that the COVID-19 pandemic played a remarkable role in hastening the global reliance on lithium for EV batteries as the world pushes to reduce carbon emissions as it marches on a path towards an […]
A slew of cryptocurrency heavyweights including Coinbase Global Inc and Galaxy Digital ditched Silvergate Capital Corp as their banking partner after the lender’s latest filing raised questions about its ability to stay in business. La Jolla, California-based Silvergate, one of the most influential banks in the digital asset industry, has been reeling from the fallout […]