On Sunday (March 12), the crypto market had a great to reason to cheer after U.S. Secretary of the Treasury Janet L. Yellen, Federal Reserve Board Chair Jerome H. Powell, and FDIC Chairman Martin J. Gruenberg released a hugely important joint statement. As you probably already know, on Friday (March 10), Silicon Valley Bank (SVB) was closed by Californian regulators and […]

Hot on the heels of several United States bank collapses, the Federal Reserve has announced $25 billion worth of funding aimed at backstopping banks and other depository firms. The funds would ensure that “eligible banks” would have enough liquidity to cover the needs of their customers during times of turmoil. In a Mar. 12 statement, the Federal Reserve said it […]

The value of Dogecoin' (DOGE) is declining and has recently fallen to a low of $0.064. Dogecoin price long term forecast: bearish The cryptocurrency value fell and then went below its previous low of $0.066. While DOGE was performing an upward correction of the downtrend that started on February 9, a candlestick tested the 50% Fibonacci retracement level. The correction […]

Circle Internet Financial (“Circle”), the issuer of the dollar-backed stablecoin USD Coin (USDC), has provided important assurances that should help to calm holders of the coin and the crypto market in general. In a blog post published on Saturday (March 11), Circle explained that Silicon Valley Bank (SVB) — which Californian regulators closed on March 10 and placed under the […]

PRESS RELEASE. BlackFort, a Layer-1 blockchain, launched its mainnet at the end of January 2023. After announcing on January 13, 2023, on its Twitter account that the mainnet was coming soon, BlackFort is now waiting for increasingly more crypto enthusiasts to join the community. Bringing Innovation to a New Level For BlackFort, innovation prevails. Therefore, the company has recently announced […]

Federal Reserve and Federal Deposit Insurance Corporation (FDIC) decisions concerning the future of Silicon Valley Bank may affect regional banks across the United States, putting trillions of dollars at risk of a bank run, said former Bridgewater executive and CEO of investment firm Unlimited Bob Elliot.  In a Twitter thread on March 11, Elliot stated that nearly a third of […]

In a lengthy Twitter thread, a product leader and Web3 advisor Vanessa Harris explained the downsides of the Cardano Cardano governance body. CIP-1694 is a Cardano upgrade expected to introduce the Cardano network into the Voltaire era. The CIP includes 4 components and has since elicited comments from community members. As Harris observed, the document for the constitution, one of […]

Lending protocol Aave has frozen stablecoins trading and set Loan-to-Value (LTV) ratio to zero in response to recent price volatility on stablecoins after the USD Coin (USDC) depegged on March 11.  According to the Aave’s governance forum, the trading freeze follows an analysis from DeFi’s risk manager company Gauntlet, recommending that all V2 and V3 markets should be temporarily paused. […]