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Xapo Bank , a prominent Bitcoin custodian and a licensed private bank, has partnered with Circle . According to the details from the recent press release, Xapo Bank has become the world’s first licensed bank to incorporate USDC payment rails as a viable alternative to SWIFT. Also read: Telegram Adds Tether (USDT) Transfer Feature With the new integration, Xapo Bank is adding outrails to its current USDC onramps. The new integration will allow members to circumvent the time-consuming and costly SWIFT payments. Source: Forbes Xapo Bank users can deposit and withdraw via Circle’s stablecoin The bank’s users can now deposit and withdraw via USDC with zero fees. Xapo Bank is currently providing a conversion rate of 1:1 from USDC to USD. Any USDC deposits made with Xapo Bank are automatically converted to USD. This conversion allows members to receive a 4.1% annual interest rate return on their deposits. “ Xapo Bank’s USDC payment rails mark a watershed moment ...

Join Our Telegram channel to stay up to date on breaking news coverage Multinational tech giant Nvidia has partnered with Microsoft to provide hundreds of millions of Microsoft enterprise users exclusive access to the powerful industrial metaverse and artificial intelligence (AI) supercomputing resources through Azure Cloud. Nvidia Taps Microsoft To Let Users Access Metaverse Via Cloud In a March 21 press release, Nvidia confirmed partnering with Microsoft to bring industrial metaverse users through the Azure cloud. Microsoft Azure will host Nvidia Omniverse Cloud, a platform allowing users to design, deploy and manage industrial 3D metaverse applications, and Nvidia DGX, an AI supercomputing service letting users access advanced models for generative AI. Announced at #GTC23, NVIDIA and @Microsoft are collaborating to provide hundreds of millions of Microsoft enterprise users access to @NVIDIAOmniverse Cloud and NVIDIA DGX Cloud via @Azure cloud. https://t.co/yrC5aMU0Gn pic....

XRP reached an all-time high of about $3.84 in January 2018. Following its peak, the price of the Ripple asset began to fall and was largely constant for several months before seeing another increase in late 2018, reaching a high of $0.75 in November. Since then, the price has seen highs and lows. However, the token’s price largely underperformed in December 2020 when the US Securities and Exchange Commission (SEC) sued Ripple, claiming that XRP was an unregistered security. By the end of the year, XRP’s price had fallen to approximately $0.17. Nonetheless, this has not stifled the growth of the XRP token, as it remains one of the most valuable cryptocurrencies. With the SEC lawsuit judgment happening in a few months, will the crypto asset hit a new all-time high? XRP Keeps Up Rally At press time, the XRP coin is trading at $0.38 after a surge of 0.59% in the last 24 hours. The digital asset increase in value continued from the 3.1% uptrend in the last week and 3.9% in ...

Silicon Valley Bank’s collapse leaves many questioning the role of regulators, instilling fears of another 2008-like financial crisis. Silicon Valley Bank (SVB) boasted over $200 billion in assets and was a lifeline for crypto companies. Notably, it was one of the few institutions offering services to crypto companies in the United States as other banks shied away from the sector, fearing risk and the possibility of a sudden regulatory crackdown. The downfall of SVB, Signature Bank and Silvergate Bank, all within a short time, has instilled fears of another 2008-like financial crisis. While policymakers continue to assure the public that they are working on a recovery plan — with the Biden administration announcing measures to protect depositors — the bank run created a panic in U.S. markets. A bank run happens when the majority of depositors at a particular bank decide to withdraw their funds at the same time. Most banks don’t have all depositors’ money on hand since — under the fra...

Mar 19, 2023 at 08:57 // Price Author Coin Idol The price of Solana (SOL) has been rising since it entered the positive trend zone. Solana price long-term forecast: bullish The price of the cryptocurrency crossed the moving average lines, but remained at the 50-day line SMA. The altcoin has risen to a high of $22.37 today. There is a probability that Solana will continue to rise. The price of SOL could rise to its previous high of $26 if buyers manage to keep it above the 50-day line. However, if buyers fail to keep the price above the 50-day line SMA, th...

After dropping below $26,000 per unit, the price of bitcoin, the leading digital asset by market capitalization, is still up 9.6% since last week. However, its price has decreased by 6.5% in the last 24 hours. Out of the 7,316 companies, crypto assets, precious metals, and exchange-traded funds worth more than $82 trillion in value, bitcoin is the 12th largest asset worldwide by valuation. Bitcoin’s Market Capitalization Compared to Other Top Assets: Leading Crypto Climbs Above Visa, But Lags Behind Meta Crypto assets, specifically bitcoin (BTC), have increased in value this week following the collapse of three major U.S. banks. Over the past 24 hours, bitcoin (BTC) has dropped 6.5% against the U.S. dollar. However, weekly metrics indicate that BTC is up 9.6% week over week. Most of BTC’s increase occurred on March 14, when it jumped above the $26K zone to precisely $26,533 at around 9 a.m. (ET) on Tuesday. As of 2:35 p.m. on March 15, bitcoin is exchanging hands for $24...

Terra Luna's former co-founder, Do Kwon, who lost $11 million in the bet, is currently wanted by Interpol and is reportedly hiding in Serbia. Approximately one year prior, on Mar. 14, 2022, cryptocurrency trader GiganticRebirth (GCR) invited the then co-founder of CEO of Terraform Labs, Do Kwon, in a $10 million bet that the price of Terra Luna (LUNC) would be lower than its then price of $92.4 per token one year later. The Blockchain executive accepted the offer, the second in the series after the day prior, when cryptocurrency trader Algod offered a $1 million bet that LUNC would be lower than $88 per token on Mar. 13, 2023, to which Kwon also accepted, resulting in two bets worth $11 million and prize money pool of $22 million . The funds, which totaled $22 million from all participants, were held in escrow by blockchain personality Cobie on their Ethereum address. Cobie claimed at the time, a hot wallet was given to participants "on my mobile phone while i was in the mid...