What is Crypto Staking and What Are The Risks Involved?
This article presents a detailed discussion of crypto staking, the benefits and risks of staking cryptocurrencies, and three centralized staking platforms to consider.
Biden Pledges ‘No Cost to the Taxpayer’ To Shield SVB, Signature Depositors
The overnight collapse of two major traditional banks — Silicon Valley Bank (SVB) and Signature Bank — triggered a series of events that impacted millions of businesses, venture capitalists and bottom-line investors alike. However, US President Joe Biden assured that no American taxpayer would feel the burn as the federal government takes action to protect the affected depositors.
India’s Crypto Industry Finally Sees Lawmakers Engaging
On Saturday, India’s crypto industry pulled off a near coup by bringing lawmakers and members of India’s ruling party to a conference discussing Web3.
3 Crypto Sites are Ordered to Stop Scamming by New Jersey Regulators
The New Jersey Bureau of Securities has warned the proprietors of three websites to avoid enticing people into Bitcoin investment scams.
Bitcoin Market Cap Flips Tech Giant Meta, Widens Gap on Visa
Despite a turbulent week for crypto following the downfall of Silicon Valley Bank (SVB) and Signature Bank, Bitcoin (BTC) market cap has managed to flip that of tech giant Meta. At the time of writing, data from Companies Market Cap shows Bitcoin's market cap has reached $471.86 billion, surpassing that of Meta’s market cap of $469 billion. Companies Market Cap provides real-time monitoring and ranking of market caps for cryptocurrencies, public companies, precious metals, and ETFs. (Cointelegraph)
Bitcoin Crosses $24.7K, Sees Highest Liquidations in Two Months
Bitcoin (BTC) added over 11% in the past 24 hours to trade above $24,700 on Tuesday, retracting all losses from over the weekend and setting a three-week high. The movement possibly came as a surprise to traders who may have otherwise bet on declining prices after two key crypto-friendly banks were shut last week and USD Coin (USDC), a major stablecoin, depegged. Over $100 million worth of bitcoin shorts, or bets against a rise in prices, was liquidated on Monday. This was the highest liquidated amount since Jan.14, when a bitcoin surge caused $500 million in liquidation across several crypto futures. (Coindesk)
Euler Finance: Hacker Steals Around $197M in 2023’s Largest Hack
Ethereum-based noncustodial lending protocol Euler Finance was targeted by a flash loan attack on 13 March. The attacker was successful in stealing almost $197 million in Dai, USD Coin (USDC), staked Ether (StETH), and wrapped Bitcoin (WBTC).
Crypto Evening Briefing: Circle Says USDC Operations Unaffected by SVB, Signature Closures
The closure of Silicon Valley Bank and Signature Bank won’t affect Circle’s USDC operations.
The Misguided US Government War on Crypto and Why Crypto Will Win
President Biden is stepping up the attack on Bitcoin and crypto. Combined with banking failures and inflation increases, the crypto asset class has lost 14% in value over the past week.
