Silvergate Bank at Risk of Closure as it Struggles with Massive Sell-off of Assets and Debt
Silvergate Bank, a financial institution that provides services to major cryptocurrency companies, is in danger of closing down due to a significant sell-off of assets and an inability to repay debts. The bank's shares dropped by 28% to $10 in early March after it announced a delay in its annual ...
Solana Price Analysis: Is a Drop to $17.60 Inevitable?
Solana (SOL) Loses Momentum, It Will Only Get Worse Solana's (SOL) recent surge above the short-term resistance level was short-lived, indicating a potential early update of the lows for the cryptocurrency. A recent report by BeInCrypto shed light on the fact that the S ...
Bitcoin Forecast for March: Technical Analysis Points Towards a Correction
Bitcoin (BTC) is expected to undergo a correction phase after a prolonged period of growth, possibly lasting through the entirety of March and even beyond. Technical analysis of the weekly BTC chart paints an encouraging picture for several reasons. Firstly, Bitcoin has broken out of a long-term ...
Bitzlato announces the start of withdrawals after being accused of money laundering
Bitzlato Crypto Exchange Allows Depositors to Withdraw Funds After AML Services Mark Coins as High-Risk. On March 1, Bitzlato, a cryptocurrency exchange accused of money laundering by foreign law enforcement, announced in a Telegram channel that depositors can start withdrawing their funds. The ...
Thousands of Australians Face Huge Losses as Retirement Savings in Cryptocurrencies Plummet
As per the latest reports from Reuters, numerous Australians who invested their pension savings in cryptocurrency have faced huge losses amounting to millions of dollars. The losses are attributed to the self-managed pension funds (SMSF) that are not regulated by Australian prudential regulators ...
Top 5 Promising Altcoins to Watch in March 2023
BeInCrypto's team of editors has curated a unique list of the top five altcoins with the most potential in March, based on upcoming events and ecosystem developments. Optimism (OP), Polygon (MATIC), and Filecoin (FIL) have made the cut due to their respective mainnet upgrades launching next month ...
Experts Predict Binance Coin (BNB) Forecast for March 2023 Amid Regulatory Pressure on Binance Exchange
Binance Coin (BNB) is a digital currency that powers the Binance exchange, which is currently the world's largest crypto exchange. However, in 2023, the exchange faced regulatory challenges that could potentially impact the value of BNB. To understand the potential impact, BeInCrypto reached out ...
Cryptocurrency Hacks in February 2023
Cybersecurity experts from PeckShield have reported that a whopping $35.5 million worth of cryptocurrencies were stolen in February. The largest number of successful hacks, a total of 141, occurred on February 11th. As per the analysis, the biggest amount that hackers could steal from one project ...
Ex-Technical Director of Bankrupt FTX Pleads Guilty to Criminal Offenses and Will Cooperate with Investigation
"Former FTX Technical Director Pleads Guilty to Criminal Charges and Agrees to Cooperate with Authorities" Nishad Singh, an ex-technical director of the bankrupt cryptocurrency exchange FTX, has officially pleaded guilt ...
Binance Responds to Forbes Article on Misappropriation of Customer Collateral
Binance has issued a response to an article published by Forbes, which alleged that the exchange had misappropriated $1.8 billion of customer collateral. “When you are the world’s largest crypto exchange in a virtually unregulated market, you can change the rules of the game as you see ...