NFT TODAY
Coming Soon
A look at how NFTS, Web 3, Gaming, Cryptocurrencies and Blockchain are reshaping businesses across the globe. Read more on NFT Today below
The Ripple Effect of Crypto-Friendly Bank Failures: Instability in the Stablecoin Market and Liquidity Concerns for the Crypto Sector
The recent failures of Signature, Silicon Valley Bank (SVB), and Silvergate have sent shockwaves throughout the crypto sector. These banks were known for being friendly towards crypto companies and were key players in providing banking services to the industry. However, their collapses have left the crypto sector vulnerable and exposed. The federal government’s decision to backstop deposits in Signature and SVB has given some confidence to the market, resulting in a small rally in cryptocurrency prices. However, the instability in the stablecoin market has caused concern. Stablecoins, which are supposed to maintain a set price, can drop below
The Ripple Effect of Crypto-Friendly Bank Failures: Instability in the Stablecoin Market and Liquidity Concerns for the Crypto Sector
The recent failures of Signature, Silicon Valley Bank (SVB), and Silvergate have sent shockwaves throughout the crypto sector. These banks were known for being friendly towards crypto companies and were key players in providing banking services to the industry. However, their collapses have left the crypto sector vulnerable and exposed. The federal government’s decision to backstop deposits in Signature and SVB has given some confidence to the market, resulting in a small rally in cryptocurrency prices. However, the instability in the stablecoin market has caused concern. Stablecoins, which are supposed to maintain a set price, can drop below
The Ripple Effect of Crypto-Friendly Bank Failures: Instability in the Stablecoin Market and Liquidity Concerns for the Crypto Sector
The recent failures of Signature, Silicon Valley Bank (SVB), and Silvergate have sent shockwaves throughout the crypto sector. These banks were known for being friendly towards crypto companies and were key players in providing banking services to the industry. However, their collapses have left the crypto sector vulnerable and exposed. The federal government’s decision to backstop deposits in Signature and SVB has given some confidence to the market, resulting in a small rally in cryptocurrency prices. However, the instability in the stablecoin market has caused concern. Stablecoins, which are supposed to maintain a set price, can drop below
Bitcoin’s Value Falls Below $20,000, Causing Over $70 Billion in Crypto Market Losses within 24 Hours
Bitcoin, the world’s largest cryptocurrency, experienced an 8% drop to below $20,000 on Friday, marking its lowest point in nearly two months. This decline came after a sell-off in the U.S. stock market and the collapse of a lender that focused on cryptocurrencies. Over the course of 24 hours, the cryptocurrency market
The Biden Administration is Watching Silvergate Bank’s Situation: What Could It Mean for Crypto Regulation?
According to White House press secretary Karine Jean-Pierre, the Biden administration is closely watching Silvergate Bank’s situation. Speaking at a press briefing on Monday, Jean-Pierre compared Silvergate’s woes with other crypto companies and noted that President Joe Biden has urged Congress to take action in the crypto space. While Jean-Pierre didn’t comment
Amazon to Launch NFT Marketplace Linked to Physical Goods: What You Need to Know
Amazon is reportedly set to launch its own NFT marketplace next month, with plans to offer digital collectibles linked to physical goods that can be delivered to customers’ doorsteps. The marketplace will have 15 NFT collections available on launch for US-based customers, with plans to expand worldwide. Customers will be able to
How ChatGPT is Revolutionizing Web3: The Role of AI in the Decentralized Internet
In the world of technology, new developments and advancements occur rapidly. One of the latest technologies that has been gaining attention is Web3, which is set to revolutionize the internet as we know it. Web3 is a decentralized and open internet that is based on blockchain technology, and it is expected to
Exploring the Versatile Use Cases of NFTs: Beyond Speculation and Scams
NFTs have been a topic of much discussion over the last two years, with their value reaching $23 billion in 2021 alone, marking a growth of 20,000% year over year. Although NFTs have been associated with speculation and scams, they have demonstrated use cases beyond that. Initially created for gaming, NFTs now
FTX Reveals “Massive Shortfall” of Billions in Customer Funds
FTX, a popular cryptocurrency exchange, has disclosed a significant shortage of crypto and fiat currency holdings. FTX and its US subsidiary, FTX US, have reported a missing amount of billions of dollars in customer funds. Recently released documents have exposed the extent of the losses incurred by the cryptocurrency empire of Sam
Bitcoin’s Value Falls Below $20,000, Causing Over $70 Billion in Crypto Market Losses within 24 Hours
Bitcoin, the world’s largest cryptocurrency, experienced an 8% drop to below $20,000 on Friday, marking its lowest point in nearly two months. This decline came after a sell-off in the U.S. stock market and the collapse of a lender that focused on cryptocurrencies. Over the course of 24 hours, the cryptocurrency market lost more than $70 billion in value. According to Coin Metrics, Bitcoin was last trading at $19,959.61, down 2.6%, while Ether
The Biden Administration is Watching Silvergate Bank’s Situation: What Could It Mean for Crypto Regulation?
According to White House press secretary Karine Jean-Pierre, the Biden administration is closely watching Silvergate Bank’s situation. Speaking at a press briefing on Monday, Jean-Pierre compared Silvergate’s woes with other crypto companies and noted that President Joe Biden has urged Congress to take action in the crypto space. While Jean-Pierre didn’t comment specifically on Silvergate, she acknowledged that several crypto companies have faced “significant issues” in recent weeks. She also cited guidelines from
Amazon to Launch NFT Marketplace Linked to Physical Goods: What You Need to Know
Amazon is reportedly set to launch its own NFT marketplace next month, with plans to offer digital collectibles linked to physical goods that can be delivered to customers’ doorsteps. The marketplace will have 15 NFT collections available on launch for US-based customers, with plans to expand worldwide. Customers will be able to purchase the digital collectibles with their own Amazon account via debit or credit cards, allowing those without access to a crypto
How ChatGPT is Revolutionizing Web3: The Role of AI in the Decentralized Internet
In the world of technology, new developments and advancements occur rapidly. One of the latest technologies that has been gaining attention is Web3, which is set to revolutionize the internet as we know it. Web3 is a decentralized and open internet that is based on blockchain technology, and it is expected to bring about a host of benefits, including greater privacy, security, and transparency. In this article, we will explore the role of
Exploring the Versatile Use Cases of NFTs: Beyond Speculation and Scams
NFTs have been a topic of much discussion over the last two years, with their value reaching $23 billion in 2021 alone, marking a growth of 20,000% year over year. Although NFTs have been associated with speculation and scams, they have demonstrated use cases beyond that. Initially created for gaming, NFTs now represent ownership of property, digital representation of ownership, collectible items, tickets for events, and more. They are becoming so advanced that
FTX Reveals “Massive Shortfall” of Billions in Customer Funds
FTX, a popular cryptocurrency exchange, has disclosed a significant shortage of crypto and fiat currency holdings. FTX and its US subsidiary, FTX US, have reported a missing amount of billions of dollars in customer funds. Recently released documents have exposed the extent of the losses incurred by the cryptocurrency empire of Sam Bankman-Fried. According to a public presentation released by FTX, the exchange held $2.2 billion in exchange wallets and fiat accounts. However,
We are working very hard on the new version of our site.
Copyright © 2022 NFT Today Magazine. Zohar Media Corp. All Rights Reserved
