Failing bank Silvergate and FDIC are discussing recovery plans

Ad Failing crypto bank Silvergate is exploring ways to make a recovery with U.S. regulators, according to a report from Bloomberg on March 7. Officials have visited Silvergate HQ Bloomberg reported that... Read more »

Fed Chair Powell on Crypto: We See Turmoil, Fraud, Lack of Transparency, Run Risk

Federal Reserve Chairman Jerome Powell has outlined several risks related to crypto activities during a hearing before the Senate Committee on Banking, Housing, and Urban Affairs. While stating that the Fed sees... Read more »

Key Bitcoin price metrics point to BTC downside below $22.5K

Bitcoin (BTC) faced a one-hour $1,420 pullback on March 3 following Silvergate Bank’s 57.7% stock crash, which was due to significant losses and “suboptimal capitalization.” The U.S. fintech-friendly bank was a key... Read more »

Machine money gains traction among EU regulators; stablecoins under consideration

Ad As the crypto asset market has expanded dramatically in recent years, stablecoins have also experienced remarkable growth. In response to this, the Digital Euro Association (DEA) issued a report analyzing the... Read more »

Terawulf Energizes First Nuclear-Powered Bitcoin Mining Facility in the US, Plans to Expand Operations

Terawulf, a bitcoin mining operation, has announced that it has energized the first nuclear-powered bitcoin mining facility in the United States at the company’s Nautilus Facility in Pennsylvania. According to the company,... Read more »

Impact of the Silvergate collapse on crypto — Watch The Market Report live

This week on The Market Report, the resident experts at Cointelegraph discuss all the details regarding Silvergate and its impact on the crypto market so far. We kick things off with this... Read more »

Yuga Labs concludes $16M TwelveFold auction

Ad Yuga Labs’ TwelveFold auction, which saw the company sell its first collection of Bitcoin ordinals, has concluded on March 6 following a weekend sale. Yuga Labs auction brings in $16.4 million... Read more »

8,000 rigs spool up in Nautilus mining facility

United States-based Bitcoin mining company TeraWulf has fired up a new crypto mining facility in Pennsylvania — solely running on nuclear power generated on-site.  In March 6 statement, TeraWulf said the Nautilus... Read more »

SEC Files Emergency Action Against Bkcoin in $100 Million Crypto Fraud Scheme

The U.S. Securities and Exchange Commission (SEC) has filed an emergency action against Miami-based investment adviser Bkcoin and one of its principals, Kevin Kang. “The defendants disregarded the structure of the funds,... Read more »

Bitcoin price enters ‘transitional phase’ according to BTC on-chain analysis

The hopeful optimism of Bitcoin (BTC) traders seemed to dissipate in the first week of March as key on-chain metrics provided resistance. Now Bitcoin price is threatening a retest of the $22,000... Read more »