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Sun (New)(SUN)

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0.00000024 BTC
Market Cap (Rank#342)
2,193 BTC
Vol 24h
510.698 BTC
Circulating Supply
Max Supply
5h ago cryptopotato
TRX, HT, BTT Crashed After SEC Accused Justin Sun of Securities Fraud
His Excellency Justin Sun has been accused by the SEC of manipulating the markets to pump the price of TRX and other tokens.
14h ago zycrypto
Newsflash: Tron’s TRX Plummets 11% After U.S. SEC Sues Justin Sun For Securities Violations
The United States Securities and Exchange Commission (SEC) on Wednesday charged Tron founder Justin Sun and three of his firms, including digital asset network company Tron Foundation for market manipulation, fraud, and airdropping unlicensed securities to investors.
15h ago cointelegraph
Coinbase could face SEC enforcement action for 'potential violations of securities law'
The crypto exchange claimed that none of its listed assets were considered securities, and any potential targeting of its wallet was based on a “misunderstanding" by SEC officials.
17h ago cointelegraph
SEC files lawsuit against Tron’s Justin Sun and celebrities over crypto securities offering
Among the celebrities who settled with the SEC for their alleged role in promoting TRX and BTT were actress Lindsay Lohan, YouTuber Jake Paul, and singer Akon.
17h ago coindesk
Tron Network’s TRX Drops 13% Following SEC Charges Against Justin Sun
Other Sun-related tokens such as SUN, JUST and HT also took hits amid the SEC allegations.
18h ago coindesk
SEC Sues Jake Paul for 'Illegally Touting' Justin Sun-Linked Cryptos
The securities regulator said Paul participated in a scheme to illegally promote TRX and/or BTT.
18h ago coindesk
Tron Founder Justin Sun Sued by U.S. SEC on Securities, Market Manipulation Charges
The U.S. Securities and Exchange Commission sued Justin Sun Wednesday on allegations of selling and airdropping unregistered securities, fraud and market manipulation.
1 day ago cryptodaily
DeFiLllama Issues Apology Over Internal Conflicts
Decentralized finance (DeFi) is increasingly shaping the future of financial transactions, and it's crucial for platforms to maintain their integrity and ethical standing. DeFiLlama, a leading on-chain analytics platform, found itself in a difficult position when news broke of an internal conflict and a potential fork due to a rogue team member. Fortunately, the team has since resolved the conflict and assured users that the platform will continue to operate as usual. The dispute, which centered around a hostile takeover of the on-chain analytics platform, was brought to light by a core contributor using the pseudonym 0xngmi on Twitter. The rogue team member, identified as 0xLLam4, was reportedly attempting to launch a native LLAMA token without the consensus of the DeFiLlama team. 1/3 The DeFiLlama team would like to apologize for the events that unfolded yesterday, as a result of poor communication and a misunderstanding within the team. — (@DefiLlama) March 20, 2023 Following the revelation, DeFiLlama took to Twitter to apologize for the chaos, attributing the events to poor communication. The platform assured users and clients that there is no LLAMA token in the pipeline, quelling fears of a potential disruption to the platform's operations. Tendeeno, a contributor to Llama Corp, revealed that 0xLLam4 was, in fact, the founder of the platform. The founder's eagerness to launch the token and generate revenue was the primary cause of the conflict. However, with the situation now resolved, DeFiLlama has managed to safeguard its reputation and maintain the trust of its users and clients. As the DeFi ecosystem continues to evolve, it is essential for platforms like DeFiLlama to uphold the principles of ethical journalism, balanced reporting, and professional news standards. By resolving the internal conflict and demonstrating transparency, DeFiLlama has set a strong example for others in the industry to follow. DeFiLlama is a major multichain decentralized finance (DeFi) analytics platform that has gained recognition for delivering critical data related to the total value locked (TVL) and trading volume on DeFi platforms. As DeFi continues to revolutionize the financial landscape, analytics platforms like DeFiLlama play a crucial role in providing comprehensive insights into the rapidly evolving sector. As a refresher, decentralized finance (DeFi) refers to the decentralized ecosystem built on blockchain technology, which eliminates intermediaries such as banks and other traditional financial institutions. By leveraging smart contracts and decentralized applications (dApps), as such, DeFi allows users to access a wide range of financial services, including lending, borrowing, trading, and investing, in a secure, transparent, and permissionless manner. In this context, DeFi analytics platforms serve as vital tools for users, developers, and investors to make informed decisions based on data-driven insights. DeFiLlama, as a multichain platform, collates information from various blockchain networks, including Ethereum, Binance Smart Chain, Polygon, and more. This comprehensive approach enables users to access a broader perspective on the DeFi market and track relevant metrics across multiple chains. Some of the key data points provided by DeFiLlama include the total value locked in various DeFi protocols, trading volumes, yield farming opportunities, and liquidity pools. These insights help users identify trends, assess the performance of specific DeFi platforms, and make informed decisions about their investments. As the platform moves forward, the team's commitment to addressing internal issues and operating in a more transparent manner will be crucial in maintaining trust within the DeFi community. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
1 day ago cryptodaily
Huobi Launches the Dominica Metaverse Bound Token (DMBT)
SinMichael Wanggapore, Singapore, 22nd March, 2023, ChainwireHuobi, the virtual asset trading platform, has announced the launch of the Dominica Metaverse Bound Token (DMBT). The launch of DMBT is part of the rollout of the Dominica Metaverse Digital Citizen (DMDC), which was authorized by the government of Dominica in collaboration with TRON and DMC Labs.DMBT serves as an on-chain identity for users who have completed their Level-3 KYC verification on Huobi. It serves as a credential for verified DMDC members and is a type of soulbound token (SBT) that is unique, non-transferable, and revocable.After successfully completing the Huobi KYC process, users can obtain their Dominica Metaverse Digital Identity (DDID) and become a DMDC. DDID holders are eligible for a physical Dominica Metaverse Identification Card (DMIC). The potential benefits of DMDC membership may cover a variety of on-chain and off-chain use cases utilizing the DDID, including the facilitation of online KYC processes across international crypto trading or financial service platforms subject to local regulations, and collaboration with various membership programs shared by real-life consumer businesses globally.Furthermore, users can mint DMBT on the TRON blockchain with their DDID, which can be viewed on any wallet that supports TRON NFT protocols.H.E. Justin Sun, Founder of TRON and Global Advisor to Huobi, commented, "DDID will serve as the building block for Web 3 and a bridge connecting the real and virtual worlds. Essentially, the on-chain digital identity system lays the foundation for a future metaverse world that is truly capable of servicing the global population across physical boundaries and national borders in mankind's pursuit toward inclusive digital freedom."About HuobiFounded in 2013, Huobi has evolved from a crypto exchange into a comprehensive ecosystem of blockchain businesses that span digital asset trading, financial derivatives, wallets, research, investments, incubation and other areas. Huobi serves millions of users across international markets. Please refer to Huobi's official website for more information: www.huobi.comContactMichael [email protected]
3 days ago cryptodaily
Venezuelan Crypto Authority Removed and Arrested
Venezuela’s top authority on crypto policies, Joselit Ramirez, has been removed from his position and arrested for suspicion of participating in a scheme to steal from Venezuela’s oil operations. Venezuela has overhauled its national crypto department after Joselit Ramirez, who spearheaded the department since it was established in 2018, was arrested on March 17 on charges of corruption. Venezuelan president Nicolas Madura removed Ramirez from his position for allegedly participating in a plan to steal from the country’s oil operations. Decrypt reports Ramirez’s removal does not affect only him but also a large portion of the department. The Venezuelan government has called for a comprehensive restructuring of the Superintendency of Crypto Assets and Related Activities (SUNACRIP). According to the SUNACRIP Restructuring Decree, the board will plan the next steps for the department. President Madura’s administration claims the move to restructure is aimed at protecting Venezuelans from the adverse effects of economic sanctions. President Madura declared: That it is the duty of the State to take all measures at its disposal to protect the Venezuelan people from the negative effects of the multiform aggression that is taking place against the country and, especially, against its economy. The restructuring will be coordinated by a mixed commission comprising a president and four directors endorsed by Madura. The Ministry of Economy, Finance, and Commerce will supervise the operation. A new board headed by Anabel Pereira Fernández will lead the organization going forward. Among the board’s new directors are Héctor Andrés Obregón Pérez, Luis Alberto Pérez González and Julio César Mora Sánchez. President Madura has not yet issued an official statement on the matter, and the government has not yet provided reasons for Ramirez’s removal. Still, the overwhelming theory is that Ramirez was involved in acts of corruption. Local media publication Últimas Noticias broke the story about Ramirez’s arrest by the National Anticorruption Police after a request was issued for judicial proceedings against “a series of citizens who could be involved in serious acts of administrative corruption and embezzlement of funds.” The report states that Venezuelan authorities are investigating a case of corruption in which $3 billion from Venezuelan oil sales were diverted so as not to appear in the government’s official accounts. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
3 days ago zycrypto
Bitcoin Soars Above $28,000 In Full-Blown Mega Rally As Ether, Cardano, XRP See Super Bullish Uplift
Bitcoin’s price rose sharply on Sunday, coming close to $28,000 on various crypto exchanges after shattering the $27,500 key psychological level earlier in the day.
4 days ago cryptodaily
Crypto Weekly Roundup: Euler Finance Hack And More
This week, the Euler Finance protocol was hacked, resulting in the loss of millions of dollars of crypto. The attacker turned down the protocol’s offer of retaining 10% and has started mixing the funds to obfuscate them. Keep reading to find out more. Bitcoin Bitcoin has pushed through the $25,000 major resistance level. However, the charts suggest it could be at or near its top for now. Ethereum Ethereum developers have completed the final round of testing for the network prior to the Shapella upgrade. DeFi The Euler Finance protocol was hacked, with millions of dollars of $DAI, $USDC, $StETH, and $WBTC stolen in a flash loan attack. The hacker who exploited the Euler Finance protocol has turned down the platform’s offer of retaining 10% by mixing 1000 ETH in Tornado Cash. The world’s largest decentralized exchange Uniswap has officially launched its services on the EVM-compatible smart contract blockchain, BNB Chain. Altcoins The Arbitrum Foundation announced that it would be airdropping its new token ARB to the community on the 23rd of March. Technology Microsoft is reportedly testing the integration of a Web3 wallet into its Edge browser, according to software documenter and info leaker Albacore. The Worldcoin project has announced the launch of World ID, a digital identity solution based on zero-knowledge proofs. The European Union published a document, specifically The Common Union Toolbox for a Coordinated Approach Towards a European Digital Identity Framework: The European Digital Identity Wallet Architecture and Reference Framework, or ARF. According to a Bloomberg report, Coinbase is exploring the option of setting up a crypto trading platform outside the U.S. as part of an aggressive expansion campaign. The issuer of the USDC stablecoin, Circle, has stated that it has cleared “substantially all” of the redemption and minting requests for USDC. Innovation-focused fund manager Ark Invest has raised over $16 million for a new crypto fund that will be divided between the company’s domestic version and its Cayman Islands version. According to an announcement by the Federal Reserve, New York-based Signature Bank, which had several clients in the cryptocurrency space, was shut down by state regulators. According to the NYDFS, the shutdown of the Signature Bank is not related to its cryptocurrency dealings. Banking system instability caused widespread panic over the last few days while crypto networks continued operating without missing a beat. The Industry Recovery Initiative launched by Binance after the FTX collapse will now be converted from BUSD to BTC, ETH, and BNB. Circle has stated that it held an undisclosed portion of its $9.8 billion cash reserves at the failed Silicon Valley Bank as of 17th January 2023. Regulation Hong Kong is making significant strides towards becoming a global crypto hub, with the latest developments indicating that the city is positioning itself as an attractive destination for crypto-related businesses. A class action lawsuit is claiming that prominent finance YouTubers who promoted the FTX exchange on their channels should be held accountable. Congressman Tom Emmer sent a letter to the FDIC Chairman asking for clarification that the FDIC has instructed banks not to provide banking services to crypto clients. Former Monero lead maintainer Riccardo Spagni, who was extradited from the U.S. to South Africa in July last year, was served with a denial for his appeal to declare his extradition as unlawful. The European Parliament has voted in favor of proposed legislation that will challenge the immutability of smart contracts. The FBI is the latest agency to commence an investigative probe against Terraform Labs and its disgraced founder and CEO, Do Kwon. Labeled the third-biggest ‘bank failure’ in history, the Signature bank was actually solvent when taken over by regulators on Sunday. Did regulators seize their chance to cut off crypto banking? NFT According to a recent announcement, Meta has reached the end of the road for its NFT projects on Facebook and Instagram. Security NFT marketplace OpenSea recently addressed a vulnerability in their code that could be exploited to leak user data. The Hedera network has stopped all access to its wallet and app as it investigates technical irregularities, which could be due to a possible exploit in its smart contracts. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
5 days ago cryptodaily
Banking Crisis Shows Risks of Crypto: RBI Governor
Shaktikanta Das, the Governor of the Reserve Bank of India (RBI), has said the “ongoing U.S. banking crisis” clearly shows the risks crypto poses to the financial system. The head of the RBI, Shaktikanta Das, has said that the current banking crisis in the United States clearly shows the risks that cryptocurrencies pose to the financial system. Das’ statement echoes the controversial comments he made in December, arguing that should crypto be left to grow, it might cause the next financial crisis. Das commented on the current banking turmoil in the U.S. at the 17th K P Hormis Commemorative Lecture on Friday, where he said: The ongoing U.S. banking crisis drives home the importance of robust regulators, sustainable growth and clearly shows the risks of private cryptocurrencies to the financial system. The Governor’s comments obviously refer to the collapse of several crypto-friendly banks in the U.S. over the past weeks. On Sunday, New York State financial regulators announced that it had shut down Signature Bank. Signature has several clients in the crypto space. The collapse of Signature comes amid the fallout of Silicon Valley Bank (SBV), which was closed down by regulators just days prior. Earlier in the month, the crypto-focused bank, Silvergate, shut down operations after struggling to stay afloat in the aftermath of FTX. Indian Economy Remains Resilient Das further highlighted the need for prudent asset-liability management, regular stress tests, and building up capital buffers. He claims that India’s overall external debt is under control. At the height of the pandemic, we kept on highlighting the need to build up adequate capital. I am happy to say that almost all the Indian banks took the message and kept additional capital. The Governor’s speech primarily focused on India’s G20 presidency and advocated for a more concerted effort by the Group of 20 to assist those nations that face external debt due to the U.S.’s strengthening currency. He reassured the Indian government that the country has a stable financial system and has passed the inflation peak. He added that as India controls its external debt, the rising dollar does not threaten the country. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
7 days ago coindesk
DeFi Exchange mStable Mulls Over Acquisition, Merger Offers
MStable’s community will vote this month on whether to accept one of the offers, or sunset its struggling stablecoin investments service.
8 days ago cryptopotato
Fog Works Launches Foggie Max: World’s First Personal Web3 Server
[PR – Sunnyvale, United States, 14th March, 2023, Chainwire] Revolutionary Device Helps Consumers Escape from Big Tech, Monetize their Hardware & Data and Protect their Digital Assets Fog Works, a Web3 software company focused on developing solutions on the Datamall Chain, today announced Foggie Max, the world’s first personal Web3 server. Foggie Max is a […]
8 days ago cryptodaily
Meta Gives Up NFT Dream
The parent company behind Facebook and Instagram has decided to sunset their NFT projects on the two social media networks. Meta Quits NFT According to a recent announcement, Meta has reached the end of the road for its NFT projects on Facebook and Instagram. This means the company will no longer be testing the minting and selling of digital collectibles on Instagram. Furthermore, across the next few weeks, the company will also be discontinuing its NFT sharing feature on Facebook and Instagram. The announcement was first made by the commerce and fintech lead at Meta, Stephane Kasriel, on Twitter on Monday. Kasriel tweeted, “Across the company, we're looking closely at what we prioritize to increase our focus. We’re winding down digital collectibles (NFTs) for now to focus on other ways to support creators, people, and businesses.” He also claimed that the company would be focusing on other areas like messaging and monetization of Reels, which is Meta’s short video content feature on Instagram. Kasriel also revealed that the company would also look into improving the functionalities of Meta Pay and work on making smoother checkout and payout channels. Meta’s NFT Efforts Soon after, Meta spokesperson Joshua Gunter penned an email confirming the news. Meta, which rebranded itself from Facebook to present a metaverse-first strategy for its business, had rushed into the space, eager to establish its identity in the digital collectibles market. In fact, it has even rolled out its NFT functionality feature to 100 countries. The company first released its NFT integration feature for select users on Facebook, which was soon followed up by Instagram. Soon after, the company announced a cross-posting feature for both social media platforms, which would allow all users to connect their wallets and share their NFTs on both Facebook and Instagram. Most recently, Meta decided to step deeper into the NFT sphere by deciding to launch an Instagram feature that would support an NFT marketplace to enable users to create, launch, and trade NFTs directly through the platform. Bear Market, Lack Of Interest For Meta NFTs However, like other sectors of the crypto space, the NFT market has also been deeply affected by the bear cycle of 2022. With the demand for NFTs at an all-time low, Meta’s efforts failed to have any real impact. Meta had claimed that even if 2% of their active users had embraced NFTs, it would have helped them build a significantly stronger user base than that of OpenSea, which is the world’s largest NFT marketplace. However, after taking a huge battering due to its heavy investment in the metaverse and the lack of interest from the masses, Meta is wrapping up their NFT efforts. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
9 days ago cryptodaily
Fog Works Launches Foggie Max, World’s First Personal Web3 Server
Sunnyvale, United States, 14th March, 2023, ChainwireRevolutionary Device Helps Consumers Escape from Big Tech, Monetize their Hardware & Data and Protect their Digital Assets Fog Works, a Web3 software company focused on developing solutions on the Datamall Chain, today announced Foggie Max, the world’s first personal Web3 server. Foggie Max is a consumer device that uses cutting-edge Web3 technology to deliver tangible benefits for everyday consumers and promises to be an essential on-ramp to Web3. Foggie Max can be purchased at a launch discount via crowdfunding website Indiegogo over the next 30 days here. Online consumers are overly reliant on Big Tech, leaving them vulnerable to service disruptions, price hikes, changes in terms and conditions, and occasional censorship. Additionally, Big Tech collects massive amounts of data from consumers, resulting in massive data breaches, privacy violations, and billions in oligopolistic profits. This all starts to change with Foggie Max, the world’s first personal Web3 server. "Today marks a new beginning of a new era,” said Xinglu Lin, CEO of Fog Works. “Foggie Max is the first consumer device to truly put the power of decentralization and Web3 into the hands of everyday consumers, so they can start freeing themselves from the clutches of Big Tech. It all starts now.” Foggie Max shifts power from Big Tech to individual consumers in multiple ways. Access to Ultra-Private dApps Owners of Foggie Max will be able to purchase and download decentralized apps – or dApps – to their Foggie Max, just like users might download apps from Google Play or Apple App Store. Once downloaded, these dApps belong to the user forever – they can never be remotely deactivated or discontinued. These dApps will also not have any monthly fees associated with them. Any data generated by these dApps will only be stored in the user’s Foggie Max, greatly enhancing the user’s privacy. Fog Works will develop some core dApps and encourage the development of third-party dApps. dApps already under consideration are a dApp that backs up all your smartphone photos; a private search engine; a private email server; a blog server; clubrooms with membership-only content; electronic patient records; in-home health & activity monitoring; video streaming; and digital wills. Over time, these dApps will reduce consumer over-dependence on Big Tech and enables consumers to become arbiters of their own data. The Ability to Merchandise and Monetize Personal Digital Assets Every file stored in Foggie Max will have a permanent URL recorded on the blockchain. Users can manage access controls for each file: 100% public, 100% private, or semi-private by giving specific Decentralized Identifiers (DIDs) access. Users will also be permanently recorded as the creator of every unique file stored in their Foggie Max, mitigating digital piracy/misattribution. Foggie Max owners can sleep soundly, knowing that their public content will download fast via both Web2 and Web3 browsers. Furthermore, the Foggie Network will automatically edge cache popular public content, improving the download speed and availability of public content. Foggie Max owners can mint NFTs in bulk with no code from any type of file – picture, collage, audio, video, or even raw text data like your browsing history. They can then merchandise their digital assets in a fully decentralized marketplace – to accumulate likes and tips, or sell their digital assets outright -- with their Foggie Max powering their presence in the decentralized marketplace. The Ability to Monetize Personal Hardware Each Foggie Max ships with a 1 to 4-terabyte solid state drive, or SSD. Foggie Max can automatically share idle storage capacity with the Foggie Network, allowing its owner to earn crypto rewards in exchange for honoring data storage deals. All of these deals are automatically created on the Datamall Chain, a blockchain-focused on creating an efficient marketplace for decentralized storage. In addition, every Foggie Max has 2 USB 3.0 ports. Users with extra USB drives can attach those drives to Foggie Max and share that extra storage with the Foggie Network and earn crypto rewards. Disaster-Proof Data Storage which is Private, Secure and Market-Based Users can store private data on their Foggie Max, and they can make off-site backups to the Foggie Network to make their data disaster-proof. These off-site back-ups are: Completely secure: private backups to the Foggie Network are always completely encrypted. Only the original owner with the encryption key can decrypt the files. 100% private: Off-site backup deals are created on the Datamall Chain, and the Datamall Chain is completely private. The owner of the data won’t know whose machine(s) his/her data is residing on; and the owner of the machines(s) won’t know whose data is on their machine. Priced fairly: No one large Tech Giant sets oligopolistic pricing for these off-site data back-ups (and the price of data egress). The price of these off-site data stores is entirely market-driven, because the Datamall Chain is a fully decentralized marketplace that measures the fair market value of decentralized storage. Foggie Max is the only consumer device on the market to give its owners unprecedented access to dApps, the power to monetize both their data and hardware, and help them protect their data. Foggie Max achieves this by leveraging both the Datamall Chain (as desdcribed above) and CYFS, a next-generation Web3 protocol that enables the complete decentralization of applications and completely replaces HTTP, TCP/IP, and DNS. About Fog Works Fog Works, formerly known as W3 Storage Lab, is a Web3 software company headquartered in Sunnyvale, CA with operations around the world. Its mission is to leverage the power of Web3 to help people manage, protect, and control their own data. Fog Works is led by an executive team with a highly unique blend of P2P networking experience, blockchain expertise, and entrepreneurship. It is funded by Draper Dragon Fund, OKX Blockdream Ventures, Lingfeng Capital, and other investors. For more information, visit ContactCMOThi ThumasathitFog Works, [email protected]
9 days ago cryptopotato
Houbi Cut Ties With Signature Bank and Silvergate Before Their Collapse (Report)
Justin Sun supposedly confirmed that Huobi has no exposure to Silvergate and Signature Bank.
9 days ago cryptodaily
Signature Bank was solvent - Did regulators act to sink crypto?
Labelled the third-biggest ‘bank failure’ in history, Signature bank was actually solvent when taken over by regulators on Sunday. Did regulators seize their chance to cut off crypto banking? Crypto life blood cut off After the failures of Silvergate Bank and Silicon Valley Bank (SVB) it only needed Signature Bank to fall for crypto’s life blood to be cut off almost completely. There are still banks that serve the crypto industry but Signature bank was the 16th biggest bank in the U.S. and its significance for crypto could not be understated. A joint announcement by the Treasury, the Federal Reserve, and the FDIC on Sunday stated that the depositors of SVB would be made whole, but it also said that Signature Bank would be closed for a “similar systemic risk exception”. Regulatory seizure of Signature Bank a shock However, according to former congressman Barney Frank, co-sponsor of the 2010 Dodd-Frank Act, and board member at Signature Bank, the closure of the bank came as a real surprise to its executives. Frank said that there had been no real issues until a deposit run began late on Friday. He said that this was not a reflection on Signature Bank itself, but was just “purely contagion” from SVB. The former congressman said that the bank had tried to find more capital to shore up its finances and had even looked for potential buyers. However, by Sunday the situation had stabilised given that the depositors demanding their money had reduced to a trickle. Nevertheless, the State regulatory authorities moved in later on Sunday, closing the bank, and removing its top executive team. The official statement given was that this action took place in order to protect depositors and the stability of the U.S. banking system. Regulatory move was “inordinately aggressive” According to an article on CNBC, the move by the regulators was “inordinately aggressive”. Frank said: "I think that if we'd been allowed to open tomorrow, that we could've continued — we have a solid loan book, we're the biggest lender in New York City under the low-income housing tax credit. I think the bank could've been a going concern." Operation choke point Some media outlets have been commenting on what is commonly known as “operation choke point”. This appears to be the way in which government, the regulators, and other financial agencies are trying to shut down the crypto industry. Things do look rather grim for the industry right now, and it may be that crypto innovators have to move offshore in order to carry on with their work. However, with the legacy banking system on the edge of breakdown a lot more developments have yet to transpire. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
9 days ago cryptodaily
USDC Stablecoin Regains Dollar Peg, Crypto Daily TV 14/3/2023
In Todays Headline TV CryptoDaily News: USDC stablecoin regains dollar peg after Silicon Valley Bank-induced chaos. The USDC stablecoin regained its peg to the U.S. dollar, after falling below the $1 value it was supposed to hold as the federal banking and finance regulators said on Sunday that all depositors in Silicon Valley Bank will be made whole and have access to their funds on Monday. IMF warned G-20 that widespread crypto use would impact banks. The IMF had warned the G20 that the widespread proliferation of crypto assets could lead to banks losing deposits and curtailing lending. The IMF's report was given to the G-20 in February during a meeting in India, was made public on Monday, days after the collapse of crypto-friendly banks Signature Bank, Silicon Valley Bank and Silvergate Bank. Marathon says it still has access to assets at Signature Bank. Bitcoin mining firm Marathon Digital Holdings said it still has access to $142 million in cash deposits at Signature Bank, which was shut down by New York regulators on Sunday. Signature was the third bank with ties to the crypto industry to collapse in one week, after Silvergate Bank's voluntary liquidation and Silicon Valley Bank's shutdown by U.S. regulators. BTC/USD skyrocketed 9.6% in the last session. The Bitcoin-Dollar pair exploded 9.6% in the last session. The Stochastic-RSI indicates an overbought market. Support is at 19755.6667 and resistance at 23293.6667. The Stochastic-RSI is signalling an overbought market. ETH/USD skyrocketed 5.5% in the last session. The Ethereum-Dollar pair gained 5.5% in the last session after rising as much as 6.7% during the session. The MACD's positive signal is in line with the overall technical analysis. Support is at 1406.6233 and resistance at 1671.4033. The MACD is giving a positive signal. XRP/USD gained 0.4% in the last session. The Ripple-Dollar pair gained 0.4% in the last session. The ROC is giving a positive signal. Support is at 0.3399 and resistance at 0.387. The ROC is currently in the positive zone. LTC/USD exploded 7.1% in the last session. The Litecoin-Dollar pair skyrocketed 7.1% in the last session. The ROC is giving a positive signal. Support is at 64.461 and resistance at 82.181. The ROC is currently in the positive zone. Daily Economic Calendar: NL Consumer Price Index The Consumer Price Index is a measure of price movements made by comparing the retail prices of a representative shopping basket of goods and services. The Dutch Consumer Price Index will be released at 05:30 GMT, the US Consumer Price Index at 12:30 GMT, the UK's Claimant Count Change at 07:00 GMT. US Consumer Price Index The Consumer Price Index is a measure of price movements made by comparing the retail prices of a representative shopping basket of goods and services. UK Claimant Count Change The Claimant Count Change presents the change in the number of unemployed people in the UK. JP BoJ Monetary Policy Meeting Minutes The Bank of Japan publishes a study of economic movements in Japan, known as the meeting minutes, after the actual meeting. Japan's BoJ Monetary Policy Meeting Minutes will be released at 23:50 GMT, the US Consumer Price Index Core at 12:30 GMT, the UK's ILO Unemployment Rate at 07:00 GMT. US Consumer Price Index Core The Core Consumer Price Index (CPI) measures the changes in the prices of goods and services, excluding food and energy. UK ILO Unemployment Rate The ILO Unemployment Rate is the number of unemployed workers divided by the total civilian labor force. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
9 days ago zycrypto
Former Congressman Barney Frank Reckons U.S. Regulators Closed Signature Bank To Send ‘Strong Anti-Crypto Message’
Ex-congressman Barney Frank has posited that state regulators closed New York-based Signature Bank on Sunday in part to attack the crypto industry.
9 days ago coindesk
DeFi Privacy Bridge Aztec Connect Sunsets After Less Than a Year
The backing Aztec Network is open sourcing the bridge and moving on to next-generation products.
9 days ago zycrypto
Ripple Reassures Investors Over Its Financial Strength Despite Having Exposure To Silicon Valley Bank
Ripple CEO Brad Garlinghouse on Sunday disclosed exposure to Silicon Valley Bank. While Garlinghouse declined to say how much capital was held at the fallen bank, he assured investors that the company remains strong.
9 days ago coindesk
President Biden Calls for Stronger Bank Regulations in Wake of SVB, Signature Bank Collapses
The government on Sunday evening stepped in to guarantee no losses will be borne by the lenders' depositors.

About Sun (New)?

The live price of Sun (New) (SUN) today is 0.006504 USD, and with the current circulating supply of Sun (New) at 9,218,630,472 SUN, its market capitalization stands at 59,960,876 USD. In the last 24 hours SUN price has moved -0.000561 USD or -0.08% while 12,979,258 USD worth of SUN has been traded on various exchanges. The current valuation of SUN puts it at #342 in cryptocurrency rankings based on market capitalization.

Learn more about the Sun (New) blockchain network and how it works or follow the price of its native cryptocurrency SUN and the broader market with our unique COIN360 cryptocurrency heatmap.

Sun (New) Price0.006504 USD
Market Rank#342
Market Cap59,960,876 USD
24h Volume13,961,236 USD
Circulating Supply9,218,630,472 SUN
Max SupplyNo data
Yesterday's Market Cap58,892,306.04 USD
Yesterday's Open / Close0.006949 USD / 0.006388 USD
Yesterday's High / Low0.006988 USD / 0.00618 USD
Yesterday's Change
-0.08% ( 0.000561 USD )
Yesterday's Volume12,979,257.63 USD
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