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Ripple CEO Brad Garlinghouse Claims Company Still Strong Financially Despite Exposure To SVB

Notwithstanding its connection to the now-defunct Silicon Valley Bank (SVB), Ripple CEO Brad Garlinghouse claims that his company is still financially sound. SVB was a banking partner and held a portion of Ripple's cash balance, according to Garlinghouse. He confirmed there are still many questions about what will happen with SVB, and as with many other situations however, he assured supporters that Ripple is still in a strong financial position.

The Daily Hodl - 1261 ngày trước

Charles Hoskinson Is Ecstatic With DeFi Inflows Into The Ecosystem For Cardano (ADA)

Charles Hoskinson, the creator of Cardano, is pleased with the recent expansion of the Cardano DeFi ecosystem. According to DefiLlama statistics, Cardano's DeFi TVL, or total value locked, has risen to 393.98 million ADA, its highest level since March 2022. Also, Cardano's TVL is worth $135.69 million in dollars, and over 50% of this TVL is made up of Minswap DEX and Indigo. At $11.42 million in TVL, the fourth-largest cryptocurrency is Djed.

U.Today - 1261 ngày trước

InvestAnswers Believes Financial Crisis Is The Best Bitcoin Advertisement For New Traders

The US banking crisis, according to a well-known crypto strategist, is one of the strongest marketing tools for traders interested in Bitcoin (BTC). The anonymous host of InvestAnswers claims in a recent interview on Crypto Banter that he thinks individuals are investing fiat money in BTC out of concern for the financial consequences, saying that people who experienced the Great Recession of 2008, perceive BTC as a more secure form of investment.

The Daily Hodl - 1262 ngày trước

Last Dress Rehearsal For The Shapella Upgrade For Ethereum Has Happened

The highly anticipated Shanghai-Capella, or Shapella, upgrade will debut on the Goerli test network later today as a final run-through before the mainnet launch, which is expected for April. According to the Ethereum Foundation, developers stated that the upgrade will be initiated at epoch 162304 on Goerli, which is anticipated to occur about 6:25 pm EST. If everything goes according to plan, they will deploy the upgrade on the mainnet the following month after testing it on Goerli.

theblock - 1262 ngày trước

Indian lawmakers Are Now Interacting With The Cryptocurrency Sector

The Indian crypto space nearly pulled off a coup by inviting members of the country's ruling party to a conference about Web3. In order to discuss India's G-20 presidency and potential opportunities for India in the Web3 sector, lawmakers were invited to an event called "Namaste Web3". The event was organized by the Indian exchange CoinDCX with support from the industry's policy organization, Bharat Web3, and media outlet Forbes.

coindesk - 1262 ngày trước

Raoul Pal Is Very Bullish On Ethereum, Calls For ETH's Next Price Target

After a month-long market slump, Real Vision CEO Raoul Pal says he is bullish on Ethereum (ETH), the top smart contract platform. At a recent strategy session, the former Goldman Sachs executive suggested that ETH may be preparing for a significant run to the upside. Pal sets price targets for an uptrend in Ethereum of $2,000 to $3,000 per unit. Yet, he asserts that ETH's price can rise even further because it gets burned when used in transitions, increasing its scarcity.

The Daily Hodl - 1262 ngày trước

The XRP Ledger Testnet Now Has Access To Its Ethereum-compatible Sidechain

In a recent tweet, RippleX, which promotes the expansion and development of the XRPL ecosystem, outlines the specifics of the upcoming EVM sidechain on the XRP Ledger. It claims that the XRPL sidechain is compatible with the Ethereum Virtual Machine (EVM) and is accessible on the testnet. With the EVM sidechain bridge, users can create an account and submit a transaction. The EVM sidechain for XRPL's first phase was released in October.

U.Today - 1262 ngày trước

Santander, HSBC, Deutsche, And Others Are Ready To Service Crypto Customers

Following the failure of Silicon Valley Bank (SVB), Signature Bank (SBNY), and Silvergate (SI), cryptocurrency conglomerate Digital Currency Group (DCG) is still seeking new banking partners for portfolio companies. According to the mails, Santander (SAN), HSBC (HSBA), Deutsche Bank (DB), BankProv, Bridge Bank, Mercury, Multis, and Series Finance are still currently open to working with other cryptocurrency companies.

coindesk - 1262 ngày trước

Bitcoin Breaks Over $26,000 As February's CPI Data Shows Stable Inflation

On the strength of the most recent CPI print, which demonstrated that inflation in the U.S. is still very much alive, Bitcoin surged beyond $26,000, a price not seen since last Summer. The Consumer Price Index (CPI), which tracks price changes for a wide range of goods and services, increased 6.0% in the 12 months ending in February, according to data released on Tuesday by the Bureau of Labor Statistics (BLS). This result matched economists' expectations for the index.

Decrypt - 1262 ngày trước

Market Cap For Bitcoin Overtakes Tech Giant Meta And Deepens The Gap On Visa

The failure of Silicon Valley Bank (SVB) and Signature Bank has been a tumultuous week for the cryptocurrency industry, but Bitcoin's (BTC) market valuation has managed to overtake that of software giant Meta. According to data from Companies Market Cap which offers real-time market cap tracking, Bitcoin's market cap has surpassed Meta's market worth of $469 billion to reach $471.86 billion while Visa sits at $450B.

cointelegraph - 1263 ngày trước

Crypto News

Bitcoin Open Interest Surges by $1.8 Billion as Price Breaks $27,000

Bitcoin's Open Interest has surged by $1.8 billion as its price broke the $27,000 mark, indicating a strong influx of investor interest. Open Interest tracks the total value of Bitcoin futures contracts open on derivative exchanges, with rising figures signifying increased market activity and potential volatility. The recent jump from $11.04 billion to $12.81 billion suggests heightened trading and leveraged positions. The future direction of Bitcoin's price remains uncertain, with the surge potentially fueled by shorts covering positions or longs hoping for further gains. The funding rate suggests a balanced mix of long and short positions.

newsbtc - 1074 ngày trước

Bitcoin Poised for Parabolic Rise with Institutional Capital Inflow, Says Morgan Creek Capital Founder

Morgan Creek Capital founder Mark Yusko predicts a bright future for Bitcoin (BTC) as institutional capital worth hundreds of billions is expected to enter the market. Yusko points to Bitcoin's historical trend of adding a zero to its price following each halving event, with the next one slated for April 2024. He anticipates a 1.5x increase from the current all-time high, potentially reaching $100,000. Additionally, Yusko believes Bitcoin exchange-traded funds (ETFs) will be approved by late 2023 or early 2024, leading to a substantial influx of capital into the cryptocurrency.

The Daily Hodl - 1074 ngày trước

Citigroup Leads the Way with Permissioned Blockchain for Institutions

Citigroup has unveiled Citi Token Services, a permissioned blockchain platform designed for institutional clients, offering access to tokenized deposits, cross-border payments, and automated trade finance around the clock. This move aligns with Citigroup's goal of creating a 24-7, on-chain, programmable financial system. The partnership with Maersk enables instant payments through smart contracts, benefiting companies with numerous vendors. Citi Token Services also aids corporate treasurers in managing global liquidity more efficiently. Meanwhile, JPMorgan is reportedly still in the early stages of exploring a similar private blockchain service, lagging behind Citigroup's innovation.

Blockworks - 1074 ngày trước

Bitcoin Dominance Soars Above 50%, Emerging as the Crypto Safe Haven

Bitcoin is making a strong comeback, currently priced at $26,684 and holding over 50% of the total cryptocurrency market, boasting a market cap of approximately $520 billion. This milestone is significant as it contrasts with the stagnation or decline of many alternative cryptocurrencies (altcoins). Ethereum, the closest rival, sits at $1,632.09, with other altcoins showing modest gains or losses. Bitcoin's resurgence aligns with historical trends, often thriving during bear markets, cementing its status as a digital "safe haven." Despite gains, it remains below its peak dominance levels, but its return to prominence is noteworthy.

U.Today - 1074 ngày trước

Animoca Game Studio Pioneers Bitcoin-Backed Metaverse Token, Ushering in Bitcoin's Next Phase

Animoca Brands subsidiary Darewise Entertainment is set to introduce the first-ever metaverse token on the Bitcoin blockchain. The token is aimed at powering a comprehensive ecosystem for gaming, brands, and real-world experiences. This move represents a significant expansion of Bitcoin's capabilities beyond a store of value. The metaverse token will facilitate in-game assets and virtual lands for the Life Beyond metaverse project, marking a new era for Bitcoin. Darewise Entertainment is partnering with Horizen Labs to develop and expand the Ordinals ecosystem on Bitcoin, with more innovations expected in the coming months.

Bitcoin News - 1075 ngày trước