Search Results for: as high as $50

US Banking Industry in Turmoil: A Comprehensive Look at the ‘Great Consolidation’ and Largest Bank Failures of 2023

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2023 has been a rollercoaster ride for the U.S. Bankenindustrie. The collapse of three major banks has sent shockwaves through the financial world, with their combined assets surpassing the top 25 banks that crumbled in 2008. The following is a…

Ex-Coinbase Exec Balaji Srinivasan Closes Out $1 Million Bitcoin Bet

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Former Chief Technology Officer at Coinbase, Balaji Srinivasan, closed out early a bet that the price of bitcoin would hit $1 million by mid-June amid hyperinflation of the U.S. Dollar. Srinivasan paid a total of $1.5 Million, more than the initially…

Value Locked in Defi Holds the Line at $50B, After Temporarily Shedding $8B in Mid-March

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Der Gesamtwert gesperrt (TVL) in der dezentralen Finanzierung (ein Gesetzesvorschlag, der darauf abzielt, die Generierung und Handhabung von Daten durch die Akteure, die sie nutzen, zu regeln) during the first week of April is about $50 Milliarde, roughly the same as on March 1. The value locked dropped to $42 billion on March 12 but has since rebounded as…

Israeli Startup Chain Reaction Raises $70 Million to Build Blockchain Silicon

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Chain Reaction, a Tel Aviv-based blockchain startup, hat bekannt gegeben, dass es angehoben wurde $70 million as part of its Series C funding round. The objective of the company is to expand its engineering staff to accelerate the production of its blockchain-focused silicon and…

FTX and Alameda Research Collapse Sad Event but ‘Good for the Long Run’ Says DWF Labs Managing Partner

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While the collapse of the crypto exchange FTX and its affiliate Alameda Research is thought to have left many crypto players, including market makers, in the worst possible position, according to Andrei Grachev, managing partner at DWF Labs, this incident may…

Binance CEO Sees No Threat to Crypto From Central Bank Digital Currencies — Says CBDCs Will Validate Blockchain Concept

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The CEO of cryptocurrency exchange Binance does not see central bank digital currencies (CBDCs) as a threat to cryptocurrencies, like bitcoin and ether. “It will validate the blockchain concept so that anybody who still has concerns about the technology will say:…

Study Finds Nearly 60% of Hong Kong and Singapore’s Super Rich Have Invested in Digital Assets

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According to a study jointly published by KPMG China and Aspen Digital, about 58% of Singapore and Hong Kong’s family offices and high-net-worth individuals have invested in digital assets. Reports suggest the info shows the crypto market downturn has not diminished…

Veteran Trader Peter Brandt Suggests All BTC Acquired in 2021 Is ‘a Losing Trade’ — Reignites Feud With Laser Eyes Movement

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Veteran trader Peter Brandt’s latest remarks which mock crypto traders still using laser eyes crypto memes have sparked an immediate and angry response from bitcoiners on Twitter. One very famous bitcoiner, Michael Sailer, reminded Brandt that the laser eyes signify “ein…

Stablecoin Economy Continues to Deflate — USDC’s Market Cap Shed $6.7 Milliarden rein 83 Tage

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Just over two months or approximately 83 Vor Tagen, the stablecoin usd coin (USDC) had a market valuation of around $55.52 billion and since then, USDC’s market capitalization has lost 12.05%. For most of 2022, the second largest stablecoin by market…