As ETH surges 20%, Ethereum’s network-to-value ratio drops to a three-month low
As ETH rallies by over 20%, the widely-tracked network-to-value (NVT) ratio of Ethereum drops to a three-month low, indicating compelling valuations. The NVT ratio measures Ethereum’s market capitalization in relation to the value of on-chain transactions processed on the network. The seven-day average of the NVT ratio, which is calculated by dividing market capitalization by […]
Circle has access to its $3.3 billion reserves held at Silicon Valley Bank (SVB), CEO affirms
Circle’s CEO, Jeremy Allaire, announced that the stablecoin issuer is now “able to access” its $3.3 billion of funds held with Silicon Valley Bank (SVB), following the bank’s collapse. This news comes after Circle lost market share to its competitor, USDT, due to its earlier disclosure that $3.3 billion worth of USDC reserves were held […]
More than 280 blockchain networks may be vulnerable to “zero-day” exploits, Halborn says
According to cybersecurity firm Halborn, more than 280 blockchain networks may be vulnerable to “zero-day” exploits, which could put at least $25 billion worth of cryptocurrencies at risk. Halborn warned of the vulnerability, which it named “Rab13s,” in a blog post on March 13, stating that it had already collaborated with Dogecoin, Litecoin, and Zcash […]
Did the Fed start a ‘stealth QE’?
The Federal Reserve’s decision to provide liquidity following the failure of Silicon Valley Bank and Signature Bank has resulted in a bullish reaction from Bitcoin and the crypto markets. BTC/USD has risen by 15% off its two-month lows, despite the failure of two major financial institutions under the Fed’s rising interest rates. SVB suffered a […]
Bitcoin’s market capitalization comes back!
Bitcoin’s market capitalization has climbed to become the 11th largest asset by market cap, trailing only behind Tesla. Despite a tumultuous week in the crypto world following the collapse of Silicon Valley Bank and Signature Bank, Bitcoin’s market cap has surpassed that of tech giant Meta. Bitcoin’s market cap currently stands at $471.86 billion, surpassing […]
Ripple has a new President: Monica Long
In a new post on the company blog, Ripple says Monica Long, the firm’s senior vice president and general manager, will be promoted to president. Ripple CEO Brad Garlinghouse stated: “Even in the current challenging crypto environment, Monica has helped guide Ripple to a very unique place of growth and financial strength. She’s been an […]