#SVB #bankcollapse #Binance #crypto2023

What was the recent collapse of SVB about?

The recent collapse of Silicon Valley Bank (SVB), which was the second-largest bank failure in US history. SVB primarily served tech businesses and saw an increase in deposits due to low-interest rates. However, SVB faced a problem as banks typically make money through loans rather than deposits and low interest rates made it difficult to earn a significant profit. To counter this, SVB invested in US Treasury b

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What is Blockchain?

Simply put, the blockchain is a database. It is a database that contains specific data and it's constantly growing. Blockchain has a very important role:

1. Once the data is stored in the database, it will never be modified or deleted. Every record on the blockchain is permanent.

2. It is not an individual or organization that maintains the database; it is maintained by thousands of people, and everyone has their own copy of the databa

What is the Shanghai Upgrade of ETH?

The Shanghai upgrade is a technical upgrade to the Ethereum network. It will enable Ethereum stakers to withdraw their staked ETH for the first time since staking went live in December 2020. Relative to “The Merge,” Shanghai is a minor technical upgrade, but from a price perspective, it could be a big deal as theoretically all of the $33B worth of staked Ethereum could be withdrawn.

How will the Shanghai Upgrade Impact Ethereum?

The Shanghai upgrade of E

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Ethereum's usability case

The leading dApps blockchain at this current stage is clearly Ethereum. Ethereum has expanded on Bitcoin’s decentralized digital currency by building a global network that undergirds an interconnected marketplace of decentralized applications (dApps). Ethereum’s use cases are vast and expanding fast, offering blockchain projects enhanced efficiency, security, and decentralized equity to industries across the globe. The article

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The challenges faced by crypto companies in finding banking partners have been an outgoing issue. For instance, Binance has issued a statement saying withdrawals and deposits of pound sterling will be withdrawn. However, users will be able to access their funds. The issue is due to the UK's unfavourable law system making it challenging for Binance's payment provider to operate in Britain. The crypto industry relies on banks to accept dollar deposits and m

Cryptocurrency prices stumbled Wednesday along with the stock market as Credit Suisse plummeted in the latest chapter of the banking crisis.

Cryptos rallied Tuesday as regulators made moves to contain potential contagion. Bitcoin and Ethereum retreated Wednesday after skyrocketing to their highest levels in months Tuesday.

On Sunday, Signature Bank was shuttered by state regulators and turned over to FDIC control. Roughly 30% of Signature Bank’s deposits came from crypto customers.

Over the

Top Facts

By market value, Bitcoin, the biggest altcoin in the world, reached its highest price on Tuesday at $26,490! BTC has increased by 12% over the past week and by 39.5% over the past 90 days.

By market value, Ethereum (ETH), the second-largest cryptocurrency in the world, was selling at $1,784 on Tuesday, up 9% over the previous week. In the past ninety days, Ethereum has increased 30%.

Following the failure of tech lender Silicon Valley Bank and cryptocurrency-friendly bank Silve

#SVB #bankcollapse #Binance #crypto2023 #BTC

Why did Silicon Valley Bank Collapse?

After a hectic 48 hours in which clients frantically withdrew savings from the lending institution in a traditional run on the bank, SVB abruptly collapsed. However, the cause of its downfall has been simmering for a while. Like numerous other financial institutions, SVB poured billions into US government assets during the period of near-zero interest rates. As the Federal Reserve aggressively increased inter

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What can smart contracts do?

Suppose we bet on the weather conditions for tomorrow. I bet it will be sunny tomorrow, and you bet it will be rainy. We agreed that the loser must give the winner £100 pounds. So how do we ensure that the loser will keep the promise? There are three common ways:

1. Mutual trust

The easiest way is to trust each other. If we have been friends for many years and know each other well, it is easy to trust each other. Bu

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The Federal Reserve Chairman Jerome Powell delivered a speech on current economic circumstances and the FED's attempts to reduce inflation through rate increases and fiscal policies. The statements are usually significant because they may provide a lot of insight into what the FED is thinking and how they might proceed with impending rate rises. The rises can have a significant impact on markets, therefore any word about the markets can create signific