Category: Uncategorized

Cointelegraph breaks down the main events that led to the collapse of Silvergate, SVB and Signature Bank and explains what this all could mean for crypto. Source link

Johan Van Overtveldt, a member of the European Parliament and the former Minister of Finance of Belgium, has called for a “strict ban” on crypto as a result of the current banking crisis. In a March 17 tweet, Overtveldt suggested lawmakers should consider banning cryptocurrencies as a “lesson” from the collapses of Silicon Valley Bank,…
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Crypto derivatives exchange Deribit will soon launch Bitcoin (BTC) volatility futures, giving investors a direct way to measure and trade BTC market volatility.  On March 17, Deribit introduced BTC DVOL futures — a derivatives contract built on the Deribit Bitcoin Volatility Index, which measures the implied volatility of the largest cryptocurrency. Deribit’s volatility gauge provides…
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Beginners should undertake data science projects as they provide practical experience and help in the application of theoretical concepts learned in courses, building a portfolio and enhancing skills. This allows them to gain confidence and stand out in the competitive job market. If you’re considering a data science dissertation project or simply want to showcase…
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Bitcoin (BTC) hit new nine-month highs on March 17 as the latest events in the growing United States banking crisis boosted crypto markets. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Banking crisis volatility sees $27,000 BTC price Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting $27,025 on Bitstamp before consolidating. At the time…
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GPT-4, the latest version of artificial intelligence chatbot ChatGPT, believes the events of the last seven days could be bullish for Bitcoin (BTC), Ether (ETH), and Cosmos (ATOM), according to an AI-trading experiment run by Cointelegraph.  The experiment is aimed at understanding GPT-4’s potential biases towards certain cryptocurrencies, how the events of last week could…
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Troubled SVB Financial Group has filed a voluntary petition for a court-supervised reorganization under Chapter 11 in the United States Bankruptcy Court to preserve value. Announcing the news on March 17, SVB said that SVB Securities and SVB Capital’s funds and general partner entities are not included in the bankruptcy proceedings. The entities will continue…
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Signature Bank in particular served the likes of Paxos Trust and Celsius and other major crypto firms that suffered as a result of the decisions taken by the Federal Deposit Insurance Corporation and New York State Department of Financial Services. Meanwhile Silicon Valley Bank (SVB) reportedly handled over $5 billion of funds for a handful…
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As the United Kingdom gradually develops its own comprehensive crypto framework, His Majesty’s Treasury is introducing a separate category for crypto assets in tax return forms. The particular line should appear in tax forms in 2024–25. On March 15, the U.K. Treasury published a report paper on the national budget for Spring 2023. The document…
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Signum Digital, the joint venture of Coinstreet and Somerley, has announced that it has received an approval-in-principle from the Hong Kong Securities and Futures Commission (SFC) for its security token offering (STO) and subscription platform.  The security token is a new category of virtual assets built on blockchain technology that represents ownership of tangible assets,…
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