Short cryptonews for this week 10/52 (2023)

Short cryptonews for this week 10/52 (2023)

By Pasucaru | Crypto on fire | 11 Mar 2023


- Bitcoin drops below the symbolic $20,000 mark and altcoins fall by around 20%.

- Ethereum developers confirm that ETH staking withdrawals are pushed back to April. This is the highly anticipated upgrade to the Shanghai network.

- ⁠The Silicon Valley Bank collapse marks the biggest bank failure since 2008. It affects the USDC peg...

- Crypto bank Silvergate has announced that it will cease operations and voluntarily liquidate its assets. Crypto firms Binance, Coinbase, OKX and Paxos said they were not exposed to the fall of Silvergate.

- Kraken pursues its plan to launch its own bank despite a difficult regulatory environment.

- Binance has updated its proof of reserve system by adding new assets, it currently has ~$63 billion in reserves.

- Coinbase launches "Wallet as a Service" that businesses can integrate into their own apps.

- Gate․io launches a Visa crypto card in Europe.

- crypto. com adds Apple Pay support for Visa cards in Brazil.

- The President of El Salvador claims that tourism has increased by 95% since Bitcoin became legal tender in the country.

- Missouri Officially Passes Bill to Protect Bitcoin and Cryptocurrency Mining Rights.

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Pasucaru
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