The crypto world was rocked on Saturday, March 11, 2023, when several stablecoin assets depegged from their $1 parity. The second-largest stablecoin USDC, issued by Circle Financial, fell below $0.90, reaching a…
Oman Capital Markets Authority to Introduce Real Estate Tokenization and Virtual Asset Regulations
Real estate tokenization is set to be incorporated into the virtual asset regulatory framework of the Oman Capital Markets Authority (OCMA). This move is expected to open up investment opportunities for both…
Robert Kiyosaki’s Predictions: Is Another Bank About to Collapse?
The world of finance is in a state of flux, and Rich Dad Poor Dad author Robert Kiyosaki has been warning of a looming economic collapse. Following the collapse of Silicon Valley…
Makerdao Issues Emergency Proposal to Address USDC Depegging Incident
The decentralized finance project Makerdao has issued an emergency proposal following the USDC depegging incident that saw the stablecoin dip down to $0.877 per unit. At the time of writing, Makerdao commands…
Profiting from the Crypto Boom: The Benefits and Risks of ASIC Mining
The crypto economy is booming, and with it, so are the profits of application-specific integrated circuit (ASIC) mining devices. ASIC miners are used to mine a variety of cryptocurrencies, including Bitcoin and…
Ripple Effects of USDC Depegging: A Look at the Stablecoin Ecosystem
The stablecoin ecosystem was thrown into disarray recently when USD Coin (USDC) depegged from the U.S. dollar due to a subsequent sell-off after Silicon Valley Bank (SVB) did not process $3.3 billion…
Impact of Circle’s Failed Withdrawal on the Crypto Industry
The crypto industry was recently rocked by news that USD Coin (USDC) issuer Circle was unable to withdraw $3.3 billion of its $40 billion reserves from Silicon Valley Bank (SVB). This caused…
Is Signature Bank the Last Game in Crypto-Town?
The cryptocurrency industry has been rocked by the recent news of Silvergate Bank’s liquidation and Silicon Valley Bank’s (SVB) financial difficulties. Market analysts believe that Signature Bank (SBNY) may be a buy…
Crypto Markets Plunge as Silvergate Bank Liquidation Causes BTC and ETH Prices to Drop
Bitcoin and Ethereum Prices Plunge as Markets React to Silvergate Bank Liquidation Bitcoin (BTC) and Ethereum (ETH) prices have been on a downward spiral this week, as markets continue to react to…
Successful Completion of Pre-Trial Stage of Iran’s Digital Rial Project
The Central Bank of Iran (CBI) has announced that the pre-trial stage of the project to introduce a digital Iranian rial has been completed successfully. The authorities in Tehran plan to expand…