Ripple CEO assures ‘strong financial position’ despite SVB collapse

Teknolohiya  Ripple CEO assures ‘strong financial position’ despite SVB collapse  3 minuto ang nakalipas  Balita ng Ethereum ng Bitcoin  Ripple CEO Brad Garlinghouse took to Twitter on Mar. 12 to discuss the company‘s exposure to Silicon Valley Bank (SVB) and reassure his followers of Ripple’s stability.  Ripple had exposure to SVB, Garlinghouse said, but “we expect NO disruption to our day-to-day business, and already held a majority of our USD w/ a broader network of bank partners.”  His short tweet thread was intended to reassure users. “Rest assured, Ripple remains in a strong financial position,” he tweeted.  Setting the record straight on SVB Qs:  Ripple had some exposure to SVB – it was a banking partner, and held some of our cash balance. Fortunately, we expect NO disruption to our day-to-day business, and already held a majority of our USD w/ a broader network of bank partners.  - Brad Garlinghouse (@bgarlinghouse) Marso 12, 2023  Garlinghouse did not specify the amount of cash the company had in SVB.  Many Twitter users responding to the thread reacted positively to the statement:  “I never doubted you or @Ripple to have taken proper risk management,” one user wrote.  I never doubted you or @ Ripple to have taken proper risk management. Thank you for the statement.  Ripple chief

2023-03-13Industriya

Treasury, Fed and FDIC joint statement on SVB and Signature Bank: full text

Kabuhayan  Treasury, Fed at FDIC joint statement sa SVB at Signature Bank: buong text  13 minuto ang nakalipas  Balita ng Ethereum ng Bitcoin  U.S. financial regulators on Sunday said Silicon Valley Bank  SIVB,  -60.41%  depositors would have access to “all their money” starting Monday and that no losses associated with the banks resolution would be borne by U.S. taxpayers.  Read the full statement from the Treasury, Federal Reserve and Federal Deposit Insurance Corporation.:  Washington, DC — The following statement was released by Secretary of the Treasury Janet L. Yellen, Federal Reserve Board Chair Jerome H. Powell, and FDIC Chairman Martin J. Gruenberg:  Today we are taking decisive actions to protect the U.S. economy by strengthening public confidence in our banking system. This step will ensure that the U.S. banking system continues to perform its vital roles of protecting deposits and providing access to credit to households and businesses in a manner that promotes strong and sustainable economic growth.  After receiving a recommendation from the boards of the FDIC and the Federal Reserve, and consulting with the President, Secretary Yellen approved actions enabling the FDIC to complete its resolution of Silicon Valley Bank, Santa Clara, California, in a manner that fully protects all depositors. Depositors will have access to all of their

2023-03-13Industriya

The U.S. Must Go All In On Financing Natural Gas

Kabuhayan  Ang US ay Dapat Maging Lahat Sa Pagpopondo ng Natural Gas  7 minuto ang nakalipas  Balita ng Ethereum ng Bitcoin  Cheniere Energy President and CEO Jack Fusco, right, is applauded as he rings the opening bell of  Copyright 2019 The Associated Press. Lahat ng karapatan ay nakalaan  My apologies up front for going long here, but do a printout because I find this one that important.  I knew I was right.  CERAWeek last week confirmed our most fundamental energy reality: if there is anything that we‘ve learned from Russia’s illegal invasion of Ukraine over the past year, its just how indispensable natural gas is.  Gas is the worlds go-to fuel, and energy security and affordability are finally being realized as every bit as integral as climate change considerations in our energy-climate discussion.  The timing of CERAWeek was perfect as well, as it came just days after our flagship Chenieres giant Sabine Pass (~5 Bcf/d) liquefied natural gas (LNG) export terminal in Louisiana celebrated its seventh year anniversary by shipping its 2,000th kargamento.  Natural gas is being shown as much more than a “bridge fuel” but as a destination fuel to a clean, affordable, and reliable energy system to lower emissions while also meeting the demands of a constantly growing economy

2023-03-13Industriya

US Fed announces $25B in funding to backstop banks

Teknolohiya  US Fed announces $25B in funding to backstop banks  3 segundo ang nakalipas  Balita ng Ethereum ng Bitcoin  Hot on the heels of several United States bank collapses, the Federal Reserve has announced $25 billion worth of funding aimed at backstopping banks and other depository firms.  The funds would ensure that “eligible banks” would have enough liquidity to cover the needs of their customers during times of turmoil.  Sa isang Mar. 12 pahayag, the Federal Reserve said it created a $25 billion Bank Term Funding Program (BTFP) offering loans of up to one year to banks.  It said it would be an “additional source of liquidity against high-quality securities, eliminating an institutions need to quickly sell those securities in times of stress.”  It comes as Silicon Valley Bank (SVB) announced on Mar. 8 a significant sale of assets and stocks aimed at raising additional capital which panicked depositors and triggered a run on the bank.  The bank run contaminated the crypto space as stablecoin issuer Circle disclosed it nagkaroon ng $3.3 bilyon sa SVB, causing further panic and resulting in its stablecoin USD Coin (USDC) nawawala ang peg nito sa US dollar.  It also comes on the same day that regulators closed New York-based Signature Bank, citing systemic risk.  Ito

2023-03-13Industriya

Messi Invests in a Web3 Soccer-based Game Startup Named Matchday

In a surprising move, the legendary football player Lionel Messi has backed the web3 soccer game startup Matchday in a whopping $21 million funding round. The blockchain-based firm that aims to transform the virtual football industry is rumored to have received a sizeable investment from the Argentina star.  A group of seasoned game developers and blockchain specialists formed Matchday because they recognized an opportunity to make a new soccer game that would be more immersive, realistic, and fun than anything else on the market. Matchday seeks to build a decentralized gaming ecosystem where players can own and control their digital assets by utilizing the strength of web3 and blockchain.  Ang pamumuhunan sa pamamagitan ng Messi, widely regarded as one of the greatest football players of all time, is a significant vote of confidence for Matchday and its vision. Additionally, it highlights the potential and growing interest in web3 technology, which is positioned to revolutionize several markets, including gaming, finance, and social media.  The Potential of Web3 and Blockchain-Based Gaming  Messi emphasized his enthusiasm for the undertaking and his confidence in it. Via this undertaking, he joyfully expresses his enthusiasm and longing for two things he loves– football and video games, and Matchday innovatively combines

2023-03-12Industriya

Circle Issues Update Amid Stablecoin Volatility; Firm Is Prepared to Stand Behind USDC and Cover Any Shortfall – Bitcoin News

On Saturday, March 11, 2023, Circle Financial updated the public about its stablecoin, USDC, and noted that the stablecoin‘s liquidity operations will resume normally on Monday morning in the United States. Circle said that the company’s teams would be ready on Monday to “handle significant volume” and that the firm will “stand behind USDC and cover any shortfall using corporate resources, involving external capital if necessary.”  Circle Financial Confident in USDC Stability Despite SVB Failure  Circle, the issuer of the second-largest stablecoin by market capitalization, usd coin (USDC), hinarap sa publiko on Saturday, noting that the firm will be ready on Monday to “handle significant volume.” The company discussed the failure of Silicon Valley Bank (SVB) and also emphasized the USDCs “strong liquidity and reserve assets.” On Monday, the stablecoin issuer noted, “USDC will remain redeemable 1-for-1 with the U.S. dollar.”  While usd coin (USDC) is a crypto asset that operates 24/7 on various blockchains, Circle emphasized that “issuance and redemption is constrained by the working hours of the U.S. banking system.” Circles stablecoin USDC dropped to a low of $0.877 per unit on Saturday, March 11, 2023, at 3:02 a.m. ET. Following the announcement from Circle, USDC managed to rise 10% higher,

2023-03-12Bitcoin

ETH stumbles below $1,500, with a bearish bias – Cryptopolitan

Ethereum price analysis for today shows ETH has been consolidating around $1,403.96 to $1,450 in the last 24 hours. The current price of Ethereum is $1,403.96, and the 24-hour volume is at $14.5 billion. On the downside, key support levels lie at $1,400 and $1,350 if the bulls fail to defend the lower boundary of the range. A break below this zone could spark further losses toward $1,200.On the upside, if the bulls manage to push the price beyond $1,500 and gain strength above this level, there is a chance of Ethereum trading toward the next resistance levels at $1,600 and $1,700. However, for this scenario to play out, ETH will first have to break above the $1,480 resistance.  Heatmap ng mga presyo ng Cryptocurrencies: Coin360  Ethereum presyo analysis on a daily chart indicates ETH has remained above $1,400 for most of the day, trading inside a triangle pattern with resistance at $1,500 and support at $1,400. The Relative Strength Index (RSI) is indicating that the bulls have the upper hand with a reading of 53. However, it remains to be seen if they can break above the triangle resistances in order to take Ethereums price higher. On the downside, the triangle

2023-03-12Ethereum

Ethereum layer-2 solutions may focus less on token incentives in the future

Ethereum  Maaaring hindi gaanong tumuon ang mga solusyon sa Ethereum layer-2 sa mga token incentive sa hinaharap  Balita ng Ethereum ng Bitcoin  Layer-2 networks continue to gain momentum as the Ethereum ecosystem advances. For example, data from analytics provider Token Terminal found that layer-2 scaling solution Polygon had 313,457 araw-araw na aktibong user as of Jan. 17, 2023 — a 30% increase in activity since October 2022.  Moreover, the Polygon ecosystem recently announced the launch of its beta version Zero-Knowledge Ethereum Virtual Machine. As a result, Polygons native token, Polygon (MATIC), maintains a bullish narrative.  While notable, some believe layer-2 networks offering token incentive models may soon become obsolete. For instance, Jesse Pollak — head of protocols and Base core contributor at American crypto exchange Coinbase — told Cointelegraph at ETHDenver 2023 that there are currently no plans to associate a token with Base, the Ethereum layer-2 network recently launched by Coinbase. He said:  “We think about tokens as a powerful incentive tool that can change user and developer behavior. At the same time, we have seen situations unfold over the last few years where tokens have been used as an incentive mechanism with a lack of product fit for the underlying chain. Tokens have also

2023-03-11Ethereum

Pagsusuri ng presyo ng Ethereum: Ang bearish ay nagtutulak ng ETH sa ibaba $1,500 pagkatapos ng malakas na pag-crash ng merkado

Ethereum  Pagsusuri ng presyo ng Ethereum: Ang bearish ay nagtutulak ng ETH sa ibaba $1,500 pagkatapos ng malakas na pagbagsak ng merkado  Balita ng Ethereum ng Bitcoin  ang pinakabagong Ethereum Ang pagtatasa ng presyo ay nagpapahiwatig ng isang malakas na sentimento ng bearish sa merkado. Ang pares ng ETH/USD ay nasa isang pababang trajectory mula noong simula ng buwang ito at ngayon ay halos 10% pababa mula sa lahat-ng-buwan na pinakamataas na $1,585. Ang pag-crash ng merkado na naganap ilang linggo na ang nakakaraan ay humantong sa isang patuloy na bearish na damdamin para sa Ethereum. Ang pababang trend na ito ay lalong pinabilis ng kakulangan ng makabuluhang interes sa pagbili sa merkado, na humahantong sa mas mababang demand para sa ETH.  Mapa ng Cryptocurrency heat. Pinagmulan: Coin360  Malakas pa rin ang downside pressure ng Ethereum, at kung magpapatuloy ang trend na ito, maaaring bumaba ang presyo sa mas mababang antas. Sa kabaligtaran, ang pagtutol ng $1,488 ay maaaring magbigay ng ilang suporta para sa ETH. Gayunpaman, kung nabigo itong manatili sa itaas ng antas na ito, maaari nating asahan ang mga karagdagang pagkalugi sa mga darating na araw.  Ang mga minero at ang mga may hawak ng Ethereum ay kasalukuyang nararamdaman ang epekto ng bearish

2023-03-11Ethereum

Ang pag-upgrade ng Ethereum Shanghai ay maaaring makinabang sa mga provider ng liquid staking at semento sa layer-1 na dominasyon ng ETH

Ethereum  Maaaring makinabang ang pag-upgrade ng Ethereum Shanghai sa mga provider ng liquid staking at semento sa layer-1 na dominasyon ng ETH  Balita ng Ethereum ng Bitcoin  Ang paparating na pag-upgrade ng Ethereum sa Shanghai ay magbibigay-daan sa mga user na mag-withdraw ng staked Ether (ETH), pagtaas ng pagkatubig at pagiging mapagkumpitensya ng network habang pinapalakas din ang ratio ng staking nito na mas malapit sa mga kakumpitensya nito.  Ang Pag-upgrade ng Shanghai ay isang hard fork ng Ethereum na pansamantalang nakatakdang mangyari sa Marso. Nagpapatupad ito ng limang Ethereum Improvement Proposals, ang headliner ay EIP-4895, na nagpapahintulot sa mga user na bawiin ang kanilang mga naka-lock na token na kumakatawan sa staked Ether mula sa Beacon Chain.  Ang kakayahang mag-withdraw ng staked Ether ay maaaring tumaas ang market liquidity at gawing mas madali para sa mga user na ma-access ang kanilang mga pondo. Ethereum liquid staking platform, na higit na umusbong upang maibsan ang ipinagbabawal na lock-up at staking ng blockchain, ay maaari ding makinabang sa pag-upgrade.  Mula nang lumipat ang Ethereum network sa proof-of-stake (PoS) noong Setyembre 2022, ang pagtaas ng porsyento ng staked Ether ay naging mahalaga upang makatulong na ma-secure ang protocol. Ngunit marami ang nag-atubiling i-stake ang kanilang ETH dahil sa

2023-03-11Ethereum
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