Silvergate: A postmortem | CryptoSlate

Introduction Silvergate bank announced it would begin winding down operations and undergo voluntary liquidation. On March 8, the bank said it was exploring how it could resolve claims and ensure the continued... 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 »

Bitcoin Breaks Past $21,000, Inspiring Market-Wide Rally

Key Takeaways Bitcoin has broken $21,000 after sitting below $20,000 earlier this week. The surge has helped the crypto market bounce back to life. The dollar’s recent decline may explain the rally.... Read more »

$920B is the number to watch now that crypto’s trillion dollar total market cap is gone

Big round numbers always pique the interest of investors and the $1 trillion total crypto market capitalization is no exception. It’s a level that held for 48 days before collapsing on March... Read more »

Circle, BlockFi may have exposure to Silicon Valley Bank; other firms deny exposure

Ad California-based Silicon Valley Bank (SVB), a unit of SVB Financial Group, has been shut down, according to an announcement from financial regulators on March 10. Silicon Valley Bank closed by regulators... Read more »

Report: Hong Kong Residents Lost More Than $216 Million to Crypto Scams in 2022

According to Hong Kong police, in 2022 there were 2,336 reported crypto scam-related cases in which more than $216.6 million was lost. Although losses relating to crypto scams only constituted just over... Read more »

Can the Aptos NFT Scene Compete With Ethereum’s?

Key Takeaways Three NFT marketplaces are competing for trading volume on Aptos, despite the blockchain only launching last week. The leading platform, Topaz, claims to have made over $1.8 million in total... Read more »

Bitcoin keeps liquidating longs as BTC price action gives up $22K support

Bitcoin (BTC) traders remain sensitive even to small price movements as data shows liquidations climbing. As BTC/USD approaches $21,600 on March 9, those who are long BTC are seeing positions evaporate. Longs... Read more »

Compass Mining Alerts Bitcoin Miners of Changes in Bitmain’s ASIC Design

Compass Mining, a bitcoin mining firm, published a blog post stating that Bitmain, the company behind the application-specific integrated circuit (ASIC) mining rig, has made changes to its design. The post advised... Read more »

Bitcoin Outpacing Ethereum Ahead of the Merge

Key Takeaways Bitcoin is outperforming Ethereum despite “the Merge” approaching fast. Bitcoin’s dominance surged after hitting crucial support, and ETH:BTC seems to have topped at range high. If crypto history is any... Read more »
Dip Your Toes in Crypto Blog