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 […]
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 […]
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 […]
Genesis out of the crisis?
Chapter 11 proceedings begin for Genesis, the crypto loan and liquidity intermediary in crisis for a few weeks and which has launched the aforementioned bankruptcy and creditor protection mechanisms, mechanisms that do not always lead to bankruptcy, however, of the company that requests it. And this would seem to be the case for Genesis, which […]
Ripple CEO: The case against the SEC could be closed as early as June
Ripple CEO, Brad Garlinghouse has expresses confidence in court victory, calling SEC’s behavior “embarrassing”. Ripple CEO Brad Garlinghouse predicts his company’s long-running dispute with the US Securities Exchange Commission (SEC) is nearing an end. Furthermore, he remains confident that he will have a positive outcome for Ripple. Interviewed by CNBC during the World Economic Forum […]