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Silvergate Drops Over 50% In A Trading Day; Sees Its Biggest Clients Halting Business With The Bank
On Wednesday, Silvergate closed the day at $13.53; on Thursday, they closed at $5.75. A 57% loss in 2 days – what…
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ERC-4337’s Account Abstraction Is Now Live On The Ethereum Blockchain
Yoav Weiss, a security researcher at the Ethereum Foundation, announced at WalletCon Denver that the core contracts for ERC-4337 passed audits from…
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Whale Alert; Over $800M Of BTC Was Moved In 24 Hours
Over $800M were moved within crypto markets on March 1st, in just Bitcoin. On-chain data tracker Whale Alerts flagged numerous large Bitcoin…
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Indonesia Set To Launch A State-Backed Crypto Exchange In Mid 2023
Didid Noordiatmoko, head of Indonesia’s Commodity Futures Trading Authority (Bappebti), said that the country aims to launch a state-backed cryptocurrency exchange by…
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Ripple In Talks With Over 20 Central Banks For CBDC Development, Says Senior VP
Brooks Entwistle, Managing Director of APAC and MENA and Senior Vice President of Customer Success at Ripple, disclosed in a recent interview…
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FTX Co-Founder Pleads Guilty To Fraud Charges; Faces Up To 75 Years In Prison
A key ally of Sam Bankman-Fried has turned himself in to the authorities investigating fraud that led to the collapse of FTX,…
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Bitcoin and Ethereum Price Prediction After Inflation Increased Above Expectations
February 2023, The Distributed, Stanko Illiev and Md Ishtiaque Ahmed The cryptocurrency market started to lose value this Friday after the latest inflation data coming…
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‘A Complete Ban on Crypto Not off the Table’; IMF Chief Calls for More Regulations in the Sector
The International Monetary Fund is calling for more regulations in digital currencies, including a possible ban on cryptocurrencies not fully backed, if…
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Italy’s Oldest Crypto Exchange, The Rock Trading, Closes Shop over Liquidity Problems
One of the oldest cryptocurrency exchanges in Italy is closing down due to liquidity challenges, joining the likes of FTX and Mt.…
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Hong Kong Invests Over $6.4M Into Web 3 Development
On February 22, Hong Kong announced an investment of $6.3 million to develop the Web 3 ecosystem here.