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Billionaire Bill Ackman said that SVB’s senior management made a “basic mistake” but should be fired. via Cointelegraph.com News https://ift.tt/FRt7ZQ9

Given Silicon Valley Bank’s direct involvement in destabilizing USDC prices, CZ blamed banks for increasing the risks of stablecoins. via Cointelegraph.com News https://ift.tt/PDm4Uqi

Several U.K. venture capital firms have shown support for SVB UK stating it is a “trusted” partner and plays a "pivotal" role in supporting startups. via Cointelegraph.com News https://ift.tt/UknT6Rv

Several USD Coin holders have fled to other stablecoins amid fears surrounding its solvency. via Cointelegraph.com News https://ift.tt/87vfqKb

Bank run on Silicon Valley Bank, USDC depegged from U.S. dollar and FTX’s bankruptcy expenses hit $34 million in January. via Cointelegraph.com News https://ift.tt/nr3Qhg9

Silicon Valley Bank, one of the reserve banking partner for Circle's USDC stablecoin, was shut down by regulators on Friday. via CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data https://ift.tt/6zFtCT7

BlockFi’s capital allocated to the money market mutual fund is not FDIC insured, however the fund doesn’t appear to be managed by Silicon Valley Bank. via Cointelegraph.com News https://ift.tt/WD4NSi7

Stablecoin issuer Circle held an undisclosed amount of USDC’s cash reserves at failed Silicon Valley Bank. via CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data https://ift.tt/Kq8CUy7

USDC dropped to $0.973, its lowest level since the collapse of FTX. via CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data https://ift.tt/gxQa4E9

After falling another 1% on Friday to take its week-to-date losses above 10%, Bitcoin (BTC) is now oversold, according to the widely followed 14-Day Relative Strength Index (RSI) indicator. BTC/USD was last changing hands in the $20,100s, having dipped as low as the $19,500s earlier in the session, with its RSI last just above 28.... Read More: “Oversold” Bitcoin Bounces From 200DMA & Realized Price – Where Next for BTC as Bank Crisis/Fed Tightening Jitters Rock Sentiment?

Curve's 3pool is supposed to have equal parts USDC, DAI and USDT. The trio are becoming imbalanced amid fallout from Silicon Valley Bank's collapse. via CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data https://ift.tt/YdkZMpi

The Bitcoin mining company is stumped as to why Bitmain changed the design of the S19 Antminers. via Cointelegraph.com News https://ift.tt/KVXhz6v

The largest long liquidation in at least a month suggests that Thursday’s crash in crypto prices caught traders off-guard. Bitcoin traders suffered the most losses, some $112 million in the past 24 hours, while ether liquidations surpassed $73 million, per data from Coinglass. via CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data https://ift.tt/vFCmIiG

The tax would be phased-in at 10% per year over three years and covers electricity generated from both on and off-grid sources. via Cointelegraph.com News https://ift.tt/Uangc0R

A provision in the department’s “Greenbook,” its list of tax proposals and explanations for U.S. President Joe Biden’s budget proposal, would create a phased-in excise tax based on the costs of the electricity used in crypto mining, imposed on the companies “using computing resources” to mine cryptocurrencies. via CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data https://ift.tt/Lw0oGjV

Co-founder Rodriguez and senior promoters Millan, Aguilar and Chairez all recently pled guilty to the charges, while the other founder, Dos Santos pled guilty in October, 2021. via Cointelegraph.com News https://ift.tt/v4PEsCt

The Bored Ape parent company will allow up to 10,000 holders of its Otherdeed NFTs to participate in the second gamified test of its Otherside metaverse platform. via CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data https://ift.tt/oWdt32A

The decision to end its loan facilities with Silvergate Bank follows a shift in Marathon’s long-term financial strategy to build liquidity. via Cointelegraph.com News https://ift.tt/YDl5R3q

ALSO: Shaurya Malwa writes about Conic Finance, whose new tool for capturing high yields from stablecoin swapping service Curve has attracted over $60 million from depositors since its unveiling March 1. But at least one analyst questions whether it can deliver on its promise; bitcoin tumbles to $21.7K. via CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data https://ift.tt/9BF1lTx

The proposal comes as MixBytes, Lido’s partner developer firm for Polkadot and Kusama liquid staking, announced to stop supporting the networks. via CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data https://ift.tt/9vwLMuN

The miner reduced its debt by $50 million and freed up about $75 million worth of bitcoin that was held as collateral. via CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data https://ift.tt/Etrke6O

Crypto-friendly US-based bank Silvergate Bank has begun the voluntary process of liquidation, according to a statement issued by the California Department of Financial Protection and Innovation (DFPI).  The announcement of Silvergate Bank’s liquidation comes just a day after reports surfaced suggesting that the bank was discussing ways to avoid a shutdown with US federal officials.... Read More: Breaking News: Crypto-Friendly Silvergate Bank Announces 'Voluntary Liquidation' - A Blow for Crypto Adoption?

As Vitalik Buterin’s holdings represented a large portion of the circulating supply for some of the tokens, the sales resulted in huge price drops. via Cointelegraph.com News https://ift.tt/3eidpZn

The ruling allows the crypto lender a path out of its bankruptcy, but it still has to undertake some due diligence with Binance US before the sale is final. via Cointelegraph.com News https://ift.tt/vSp6FoL

via CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data https://ift.tt/AeVl6k9

FDIC examiners met with Silvergate management at its headquarters in California last week. via CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data https://ift.tt/1iadDkb

A key indicator of profitability in the Bitcoin market just turned negative, a bearish sign according to some analysts. In wake of Bitcoin’s latest price dip back to the $22,000 area, the 30-day Simple Moving Average of the average Spent Output Profit Ratio (aSOPR) recently fell back below 1, as seen in the below chart presented by crypto data analytics firm Glassnode.... Read More: Key Indicator of Bitcoin Market Profitability Turns Bearish – Here’s What That Means for the BTC Price

Soleimani explained that the “critical flaw” with Tornado Cash is that users cannot prove that they’re not associated with a criminal enterprise stealing or laundering crypto funds. via Cointelegraph.com News https://ift.tt/SAQVCsB

The SEC said Green United’s operation was a fraud and the community was quick to quell fears of the SEC classing crypto mining as a security in the suit. via Cointelegraph.com News https://ift.tt/sOkmLPB

A large footprint in China, which creates skepticism about data safety, and a heavy subsidy spend, means Filecoin needs more than a token rally to be sustainable. via CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data https://ift.tt/4YgFdIX

The French luxury house has filed an order asking for control of the MetaBirkins smart contract, social media handles and royalties. via CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data https://ift.tt/PkUcdI6

"NFTfi,” on-chain derivative platforms, decentralized stablecoins and Ethereum L2s are four investment opportunities being looked at closely by one crypto investment firm. via Cointelegraph.com News https://ift.tt/X9F73Tn

52 crypto kiosks were seized in the investigation led by the U.S. Secret Service's Cyber Fraud and Money Laundering Task Force. via Cointelegraph.com News https://ift.tt/hz4qdQ3

Bitcoin's price prediction has been a hot topic among investors and traders as the weekend volume exceeded $10 billion. The market shows mixed signals, with some indicators suggesting a bullish trend, while others point to a bearish scenario.  As investors keep a close eye on the market, various factors, including economic data, government regulations, and industry developments, may influence the direction of BTC's price in the coming days.... Read More: Bitcoin Price Prediction as $10 Billion Weekend Volume Comes In – Where is BTC Heading Now?

Tether has hit back at a Wall Street Journal report detailing alleged shady dealings by it and Bitfinex to open bank accounts. via Cointelegraph.com News https://ift.tt/0l6zDk9

Snoop Dogg has had a considerable presence in the Web3 creator movement since NFTs first gained popularity in 2021. via Cointelegraph.com News https://ift.tt/fzoPd1q