Monthly Archives: March 2023

Unveiling the Truth: Crypto Engine Review

Crypto Engine Review – Does it Work? Open An Account Introduction In recent years, cryptocurrency trading has grown in popularity. There are many platforms that allow users to trade a variety digital currencies. Crypto Engine is one such platform. We will be discussing Crypto Engine, its functions, and whether it is legal to trade on

UK Banks Need Crypto White List to Prevent ‘Debanking’ Crisis

• British banks have said they keep customers away from crypto for their own protection. • Lobby group CryptoUK is calling for a “white list” of registered crypto firms to avoid the sector being cut off from the financial system. • The letters were sent to U.K. regulators, including the Financial Conduct Authority and Payment

$2B USDC Burnt in Single Day: Stablecoin Investors Not Rushing Back

• Over $2.2 billion worth of USD coin (USDC) was burnt in a single day, with 723 million USDC being burnt in a single transaction. • The USDC burns followed a likely reduction in reserve backing or redemptions, as net redemptions of USDC crossed the $4 billion mark on Tuesday. • Last week’s depegging caused

10,000 Voyagers to Explore Otherside Metaverse in ‘Second Trip’ on March 25

• Yuga Labs will be hosting the “Second Trip” of its Otherside metaverse platform on March 25. • The experience is open to holders of Otherdeed NFTs, with up to 10,000 voyagers invited to participate. • Non-holders can watch a live stream of the event on YouTube. Yuga Labs’ Second Trip: An Immersive Metaverse Experience

Silvergate Downgraded by JPMorgan, Canaccord Amid Doubts of Firm’s Solvency

Downgrade of Silvergate Capital JPMorgan cut its rating on the stock to “underweight” from “neutral” and withdrew its price target. Canaccord Genuity also downgraded Silvergate’s rating to “hold” and reduced its price target to $9. Silvergate is facing liquidity issues due to the fallout of FTX collapse and increased deposits outflows. JP Morgan Ratings Drop