The banking crisis in the U.S. has led to aggressive buying in Bitcoin and select altcoins, which are nearing stiff overhead resistance levels.
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US bank bloodbath: Bitcoin hits $23.7K as BTC price analyst call SVB dip 'bear trap'
Bitcoin price is up nearly 20% in days as Wall Street opens to multiple bank stocks halted over extreme losses.
US bank bloodbath: Bitcoin hits $23.7K as BTC price analyst calls SVB dip ‘bear trap’
Bitcoin (BTC) hit its highest since the start of the month on March 13 as U.S. bank stocks saw the largest mass halt in history.
BTC/USD 1-day candle chart (Bitstamp). Source: TradingViewBTC price sees “phenomenal” rebound
Data from Cointelegraph Markets Pro and TradingView tracked a thoroughly bullish hourly candle for BTC/USD, which reached $23,725 on Bitstamp.
The move was eagerly anticipated by market participants, many of whom had warned of extreme volatility at the Wall Street open.
This came true, with Bitcoin and altcoins benefiting from intense uncertainty surrounding bank stocks, in particular, as trading got underway.
The fallout from the failure of two more U.S. banks over the weekend was keenly felt, not just at home but in Europe, where banks also saw heavy losses.
Okcoin suspends USD deposits in wake of Signature Bank closure
U.S. dollar withdrawals on Okcoin are not affected by the suspension.
State caps or federal regulation: What's next for political crypto donations
The industry isn’t having the best of its moments now, but the topic of campaign donations in crypto remains a relatively safe space for innovation.
State caps or federal regulation: What's next for political crypto donations
The industry isn’t having the best of its moments now, but the topic of campaign donations in crypto remains a relatively safe space for innovation.
314M USDC sent to null address as redemptions begin: Report
The token is on the verge of restoring to its 1:1 peg with the U.S. dollar after falling to a historic low of $0.87 per token two days prior.
11 classic memes that have been sold as NFTs
Iconic memes as NFTs: Own a piece of internet history with Nyan Cat, Stonks and more.
Crypto industry may escape lasting damage from Silvergate liquidation
Some foresee benefits if the U.S. finally gets sensible crypto regulation post-Silvergate, and traditional banks “may become warmer to establishing [crypto] relationships.”
Silicon Valley Bank collapse: How SVB stock price performed in 5 years
Silicon Valley Bank was rated as one of the top banks in America for five years running prior to its closure by U.S. regulators in March 2023.
All rise for the robot judge: AI and blockchain could transform the courtroom
Earlier this year, Joshua Browder, CEO of AI startup DoNotPay, attempted to bring a robot lawyer into a California courtroom, despite almost certainly knowing that it was illegal in almost all 50 states to bring automated assistance like this into a courtroom.
DoNotPay bills itself as the “world’s first robot lawyer” whose goal is to “level the playing field and make legal information and self-help accessible to everyone.” It helps to serve society’s lower-income segment to lower medical bills, appeal bank fees, and dispute credit reports. It claims to have helped more than 160,000 people successfully contest parking tickets in London and New York.
It was denied entry to the California courthouse, however, because “under current rules in every state except Utah, nobody except a bar-licensed lawyer is allowed to give any kind of legal help,” Gillian Hadfield, professor of law and director of the Schwartz Reisman Institute for Technology and Society at the University of Toronto, tells Magazine.
Still, in the age of ChatGPT and other stunning artificial intelligence devices, Browder’s attempt could be a foretaste of the future.
“The DoNotPay effort is a sign of what is to come,” Andrew Perlman, dean and professor of law at Suffolk University Law School, tells Magazine. “Certain legal services, including many routine legal matters, can and will be delivered through automated tools. In fact, it is already happening at the consumer level in numerous ways, such as via LegalZoom.”
All rise for the robot judge: AI and blockchain could transform the courtroom
Do the developers of legal bots have sufficient knowledge and experience of the law? Is the data used to “train” their algorithms timely? Will critical evidence be filtered out?
All rise for the robot judge: AI and blockchain could transform the courtroom
Earlier this year, Joshua Browder, CEO of AI startup DoNotPay, attempted to bring a robot lawyer into a California courtroom, despite almost certainly knowing that it was illegal in almost all 50 states to bring automated assistance like this into a courtroom.
DoNotPay bills itself as the “world’s first robot lawyer” whose goal is to “level the playing field and make legal information and self-help accessible to everyone.” It helps to serve society’s lower-income segment to lower medical bills, appeal bank fees, and dispute credit reports. It claims to have helped more than 160,000 people successfully contest parking tickets in London and New York.
It was denied entry to the California courthouse, however, because “under current rules in every state except Utah, nobody except a bar-licensed lawyer is allowed to give any kind of legal help,” Gillian Hadfield, professor of law and director of the Schwartz Reisman Institute for Technology and Society at the University of Toronto, tells Magazine.
Still, in the age of ChatGPT and other stunning artificial intelligence devices, Browder’s attempt could be a foretaste of the future.
“The DoNotPay effort is a sign of what is to come,” Andrew Perlman, dean and professor of law at Suffolk University Law School, tells Magazine. “Certain legal services, including many routine legal matters, can and will be delivered through automated tools. In fact, it is already happening at the consumer level in numerous ways, such as via LegalZoom.”
All rise for the robot judge: AI and blockchain could transform the courtroom
Earlier this year, Joshua Browder, CEO of AI startup DoNotPay, attempted to bring a robot lawyer into a California courtroom, despite almost certainly knowing that it was illegal in almost all 50 states to bring automated assistance like this into a courtroom.
DoNotPay bills itself as the “world’s first robot lawyer” whose goal is to “level the playing field and make legal information and self-help accessible to everyone.” It helps to serve society’s lower-income segment to lower medical bills, appeal bank fees, and dispute credit reports. It claims to have helped more than 160,000 people successfully contest parking tickets in London and New York.
It was denied entry to the California courthouse, however, because “under current rules in every state except Utah, nobody except a bar-licensed lawyer is allowed to give any kind of legal help,” Gillian Hadfield, professor of law and director of the Schwartz Reisman Institute for Technology and Society at the University of Toronto, tells Magazine.
Still, in the age of ChatGPT and other stunning artificial intelligence devices, Browder’s attempt could be a foretaste of the future.
“The DoNotPay effort is a sign of what is to come,” Andrew Perlman, dean and professor of law at Suffolk University Law School, tells Magazine. “Certain legal services, including many routine legal matters, can and will be delivered through automated tools. In fact, it is already happening at the consumer level in numerous ways, such as via LegalZoom.”
All rise for the robot judge: AI and blockchain could transform the courtroom
Do the developers of legal bots have sufficient knowledge and experience of the law? Is the data used to “train” their algorithms timely? Will critical evidence be filtered out?
All rise for the robot judge: AI and blockchain could transform the courtroom
Do the developers of legal bots have sufficient knowledge and experience of the law? Is the data used to “train” their algorithms timely? Will critical evidence be filtered out?
All rise for the robot judge: AI and blockchain could transform the courtroom
Do the developers of legal bots have sufficient knowledge and experience of the law? Is the data used to “train” their algorithms timely? Will critical evidence be filtered out?
Bitcoin price flash spikes to $50K on Binance after USD Coin peg snaps
The market frenzy that started with the Silicon Valley Bank collapse is pushing BTC price higher but with some casualties left behind.
Bitcoin price flash spikes to $50K on Binance after USD Coin peg snaps
The panic caused due to USD Coin’s (USDC) depeg from the U.S. dollar manifested itself in a wrong order, costing traders $50,000 per Bitcoin (BTC), albeit for several minutes.
Bitcoin price sees $50K in “fat finger” error
The BTC/USDC pair on Binance flash spiked to $50,000 on March 12 around 7:00 pm UTC. The reason for the impulse spike is unknown and was likely due to a “fat finger” trade of a large order.
BTC/USDC hourly price chart on Binance. Source: TradingViewThe potential reason for the flash spike is likely due to thin order books for the newly launched BTC/USDC pair on Binance. The exchange listed the pair only a few hours before the impulse price surge.
According to a trader on Crypto Twitter, it is likely that a Bitcoin market order ate through the limit sell-orders on the pair up to $50,000.
The pair’s trading price returned toward the market spot price of around $22,000 in minutes following the spike, suggesting it was an isolated incident. Fortunately, the futures market remained unaffected by the spot BTC/USDC pair; otherwise, it could have triggered massive short-side liquidations.
Privacy-focused blockchain network closes Aztec Connect tool
The research made with Aztec Connect will be usable and critical to the development of a next-generation blockchain, Aztec Network said.