News Bit: Bitcoin Hits Past $27,800, Up 65% Amid U.S. Banking Crisis
Bitcoin reaches a 9-month high, closing at $27,467, driven by a banking crisis in the
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Global Crypto News
DUE TO BANK SHUTDOWNS? Highest Volume of Token Swaps Recorded on MetaMask For Past Week
The surge may have been due to the collapse of US banks Silvergate Capital and Silicon Valley Bank last week, MetaMask’s Dan Finlay said.
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END OF AN ERA: Meta Ends Support for NFTs on Facebook, Instagram
According to an executive, Meta will instead focus on creating opportunities for content creators and online businesses who want to earn.
Read more News Bit: Bitcoin Price Flat as Credit Suisse and More Bank Liquidity Becomes Major Concern of the Market
Bitcoin closed Wednesday at $24,471, which is just a slight 0.32% increase from the previous day.
Read more News Bit: Bitcoin Rallies to $26,500 Before Retreating for a Healthy Pullback
Bitcoinâs price surged to its highest level since June 13, 2022, breaking a resistance level that had been hard to overcome for months.
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US Silvergate Bank is Latest Victim of Crypto Meltdown
In January, Silvergate reduced its workforce by 40% to address the effects of the crypto mishaps from the past year.
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Tether’s USDT Stablecoin Market Share Reaches Highest Level in 15 Months
Tether or USDT’s market share among stablecoins has increased by 54%, reaching the highest level in 15 months.
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AirBit Club Execs – Flagged as Scam by PH SEC in 2018 – Plead Guilty to Fraud Charges in the US
The group collected around $100 million over five years, promising investors guaranteed passive income and profits on any purchase.
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Ethereum Creator Vitalik Buterin Sells Nearly $700K Worth of Airdropped âShitcoinsâ
Some in the crypto community speculate that Buterin’s move was influenced by the tax implications of receiving airdrops.
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Visa and Mastercard Delay Crypto-Related Products and Services Amid Ongoing Bear Market
Visa and Mastercard decided to halt the launch of some of their crypto-related products and services until market conditions improve.
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