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On Friday, Michael Barr, the vice chair for supervision at the U.S. Federal Reserve, published a report on the vulnerabilities that led to the ultimate failure of Silicon Valley Bank (SVB). In addition, Marshall Gentry, the chief risk officer of the Federal Deposit Insurance Corporation (FDIC), released a similar report on Signature Bank’s collapse and its overreliance on uninsured deposits. Fed Is Confident Supervisory Recommendations ‘Will Lead to a Stronger and More Resilient Banking System’ The Federal Reserve and the FDIC published reports on Friday concerning the fall of the second and third-largest U.S. bank failures in history. The first report, published by the Fed’s vice chair for supervision Michael Barr, claims the central bank’s supervisors failed to recognize the extent of vulnerabilities at Silicon Valley Bank (SVB) as it grew in size and complexity. Barr wrote that SVB had 31 open supervisory findings while other banks had much fewer in comparison. The report o...

Join Our Telegram channel to stay up to date on breaking news coverage There are almost 9000 active cryptocurrencies currently in the market; while the majority eventually fail, a few jewels can provide investors with enormous gains. The world’s largest cryptocurrency, which had a nightmare collapse in 2022, recently reached $30,000 mark . While all of this is true, Bitcoin once more fell below $27,000, and in the interim, the cryptocurrency market has begun to shift in favour of embracing the newest projects that have the potential to soar in the upcoming years.  This guide covers the top cryptocurrencies with the greatest potential in 2023 to help clear the mist and decide between the top 5 new cryptocurrency projects with more returns.  Never Too Late to Invest In Crypto- AI, LHINU, DLANCE, EXOTERRA, SWDTKN  For useful reasons, recent news articles have emphasized the rising price of Bitcoin (BTC). As a result of Bitcoin’s price surge, there has...

Although no official date is mentioned for the launch of Binance Japan, the notice stated that the exchange could start after June. Crypto exchange Binance is set to reenter Japan after acquiring the regulated crypto exchange platform Sakura Exchange Bitcoin (SEBC). Binance acquired the exchange  — a  Japan Financial Services Agency-licensed business — in November 2022, intending to reenter the Japanese crypto market. According to a report published in a local daily, SEBC would terminate its current crypto exchange and brokerage services by May 31 and reopen as Binance Japan after June 2023. The SEBC notice didn’t announce any official launch date. Users of the SEBC exchange must withdraw their funds before the deadline of May 28. Any funds remaining in these accounts will be automatically converted to Japanese yen by June 5 and transferred to users’ bank accounts. The users of Binance Japan would have to carry out new identity verification and Know Your Customer checks. Binance...

Want to explore how to send bitcoins on the Cash app? This article will explore how to send bitcoins on the Cash app, explain how to transfer bitcoins from the Cash app to Cash, and guide you through sending bitcoins to the Cash app for the first time. So, let’s dive in and unlock the power of crypto with the Cash App. Why Use Cash App for Bitcoin Transactions? There are several reasons why the Cash App has become a popular choice for Bitcoin transactions. Firstly, the platform is user-friendly and easy to navigate. This makes it accessible to users of all experience levels. Whether you’re a seasoned crypto trader or new to the world of digital currencies, Cash App offers a simple, intuitive interface that makes buying, selling, and sending Bitcoin a breeze. Source: Forbes Secondly, Cash App offers low fees for Bitcoin transactions. In an industry where transaction fees can be a significant barrier to entry, Cash App offers competitive rates. This makes it an attractive...

Apr 27, 2023 at 08:08 // Price Author Coin Idol Bitcoin (BTC) price remains trapped between the moving average lines as buyers try to break the 21-day line SMA. Bitcoin price long-term forecast: bearish Yesterday, Bitcoin (BTC) made a comeback and rose to the psychologically significant $30,000 level, but encountered fierce resistance at the recent high. The fervent enthusiasm of buyers was not enough to break the psychological price barrier. As a result, the BTC price fell between the moving average lines. The price of one bitcoin rose to $28,826 after t...

Join Our Telegram channel to stay up to date on breaking news coverage The crypto market has enjoyed a significant surge in recent times, and the Injective Protocol project is among the coins that have seen a substantial increase in market value. The Price of Injective (INJ), which often describes itself as the fastest proof-of-stake layer-1 network, that is shaping the future of finance, has been surging recently. It has rallied over 50%, making it among the best-performing cryptocurrencies in the top 100 by market capitalization, according to CoinGecko. The platform provides developers with unique Features , including plug-and-play financial infrastructure primitives, oracles, a composable smart contact layer with CosmWasm, and decentralized bridges. This helps the developers build powerful DeFi applications and any individual to access financial services without needing an intermediary. Source: TradingView.Com At press time, the Injective Token ($INJ) was $8.71, indicati...

The crypto community on Twitter is having a field day with an old video of Gary Gensler, the Chairman of the U.S. Securities and Exchange Commission. The resurfaced video shows Gensler making statements related to cryptocurrencies that are in stark contrast to his current stance on the industry. The video dates back to the fall of 2018 when Gary Gensler taught a graduate course called “Blockchain and Money” at the Massachusetts Institute of Technology. In the video, Gensler can be seen stating that 3/4th of the market is not considered securities in the United States. By saying three fourth, the SEC Chair was referring to three-quarters of the crypto market. Likewise Gensler told his class: “Three-quarters of the market is non-securities, it’s just a commodity, a cash crypto. You’ll hear debates about initial coin offerings (ICOs), what’s a security, what’s not a security. Relevant and important debate but for three-quarters of the market it’s not...

A well-known crypto strategist is warning that Bitcoin (BTC) is showing a bearish trend that was seen many times during the 2018 bear cycle. In a new strategy session, anonymous trader Altcoin Psycho says that the 2018 Bitcoin bear market was known for selling late BTC bulls with the “Bart” pattern, which looks like the head of Bart Simpson from “The Simpsons.” Most of the time, the trend starts with a strong leg up, then a period of consolidation, and then a sell-off. Altcoin Psycho says that he is starting to see Bart trends on the low timeframe charts of Bitcoin. “The only thing that makes me a little bit nervous is… you’ve got this liquidity trap right here (above $30,000), and you do have quite a bit of hot air (from $19,000 to $25,000). It’s hard to say exactly if we’re going to just straight Bart down. We are seeing that algorithm, the infamous 2018-2019 BitMEX Bart algorithm. We’re starting to see them on lower timeframes a b...

Shiba Inu (SHIB) has recently been one of the most talked-about cryptocurrencies, thanks to its explosive price movements and growing popularity among investors. With a current value of $0.00001021, SHIB has seen a slight decline from its previous highs, but its 1-day support level of $0.00001015 suggests that it may soon recover. However, the proximity of the intraday low to the 7-day low of $0.00001012 indicates that SHIB could face another level of support if it continues to experience downward pressure. On the other hand, if the $0.00001037 resistance level is breached, the following resistance levels may be at $0.00001052 and $0.00001073, respectively, which could indicate a potential upward trend for SHIB. During the correction, the market capitalization and 24-hour trading volume dipped by 1.24% and 4.96% to $6,005,646,749 and $122,815,673, respectively. SHIB/USD 24-hour market cap, source: Coinmarketcap The 1-day Shiba Inu price Analysis reveals that a downt...

Despite plummeting to an intra-week low of $6.46 in the previous 24 hours, the revelation that NFT financialization is coming to the Injective ecosystem has boosted investors’ confidence. Consequently, bulls raised the price of Injective (INJ) from its 7-day low to an intra-day high of $7.24 as of press time. The financialization of NFTs is coming to the Injective ecosystem. Is your body ready? — Injective 🥷 (@Injective_) April 24, 2023 Traders jumped into the rally expecting a lengthy bullish run, increasing INJ’s market capitalization and 24-hour trading volume by 9.06% and 41.15%, respectively, to $579,602,154 and $134,061,491. If positive momentum breaks through the 24-hour high of $7.24, the next resistance level is $8.00, which might draw additional buyers and push the price of INJ higher. INJ/USD 24-hour price chart (source: CoinMarketCap) On the IN/JUSD price chart, the Relative Strength Index rating of 57.53 indicates that the bullish...