Author: Steven Sahiounie

A financial giant with nearly $800 billion in assets under management is placing Bitcoin (BTC) and crypto in the spotlight amid the crisis in the US banking sector. An AllianceBernstein report circulated by former Coinbase CTO Balaji Srinivasan says bank account holders of all sizes are now dealing with a novel risk after the high-profile collapse of Silicon Valley Bank (SVB). The firm says people now realize the dangers of hyper-speed bank runs that can be magnified by social media and instant payment systems. And even if the Federal Reserve is willing to step in and provide liquidity to troubled…

Yuval Noah Harari, the famed Israeli author, blames Prime Minister Benjamin Netanyahu for the likely destruction of “Israel”. Israeli author Yuval Noah Harari, famed for his book Sapiens, stated on Thursday that Israeli Prime Minister Benjamin Netanyahu may “go down in history as the person who destroyed the state of Israel.” Harari has openly opposed the Netanyahu government’s judicial reforms and blamed the division of Israelis, which he claimed would be difficult to “heal”, on the incumbent PM. During an interview with the Associated Press (AP), Harari said “If Netanyahu had retired after two terms in office or after, say, eight years. I…

The Russian top diplomat also told his US counterparts that it is inadmissible to fan hysteria around the journalist’s arrest Russian Foreign Minister Sergey Lavrov has told US Secretary of State Antony Blinken that it is up to court to decide about the future of The Wall Street Journal reporter Evan Gershkovich who was detained on espionage charges in Russia, the Russian foreign ministry said on Sunday after their telephone conversation. “In light of the established evidence of the US national’s illegal activities, his future will be determined by court. The American embassy in Moscow was duly notified about his…

On March 8, Israel’s ImageSat International released new satellite images of al-Dabaa air base in Syria’s Homs which was hit by a series of Israeli airstrikes in the early morning. The images revealed that the air base, where Iranian military personnel and fighters from Lebanon’s Hezbollah are known to be deployed, had received multiple impacts. One of the base’s hardened aircraft shelters was destroyed, along with a drone communication/control station and a separate communication vehicle. ImageSat said that the main target of the attack was likely drone capabilities of Hezbollah, or Iran’s Islamic Revolutionary Guard Corps (IRGC). Two Western intelligence sources told…

According to a recent report from investor and ESG analyst Daniel Batten, more than half of the energy used in Bitcoin mining comes from renewable energy sources. Hydropower alone reportedly accounts for more than 23% of the energy used in mining. This is followed by wind, nuclear and solar powers with a combined share of 26.9%, and 2.4% from other renewable energy sources. As Batten himself writes, previous reports on the energy consumed by Bitcoin mining did not account for off-grid sources, which led him to believe that the claim of coal dominating the process was incorrect. In fact, the…

A commission that voted for transferring the church to the jurisdiction of the Orthodox Church of Ukraine is taking inventory of the church’s property. Supporters of the schismatic Orthodox Church of Ukraine have seized the cathedral church in the city of Khmelnitsky, the UNN Ukrainian agency reported on Sunday. According to UNN, a commission that voted for transferring the church to the jurisdiction of the Orthodox Church of Ukraine is taking inventory of the church’s property. Earlier in the day, activists who gathered near the Khmelnitsky cathedral church after an incident with a man in a uniform voted to transfer…

Bears have become more active at the end of the week, according to CoinMarketCap’s ranking. SHIB/USD The price of SHIB has risen by 0.20% over the last 24 hours. On the hourly chart, SHIB is trading near the local support level at $0.00001096. If a bounce-back does not happen, the breakout can lead to a sharp drop to the $0.00001050 area. On the daily chart, the price of SHIB keeps accumulating energy as neither side has seized the initiative yet. If buyers want to see a midterm rise of SHIB, they need to restore the rate to the $0.00001150 mark…

Ethereum’s native token, Ether (ETH), eyes a run-up toward $3,000 in Q2 2023 after wrapping the previous quarter with 55% gains. ETH price nears potential breakout The price of Ether has more that doubled after bottoming out in June 2022 at around $880, weathering a slew of negative events, including the FTX exchange collapse, interest rate increases, and stricter U.S. regulations. In doing so, ETH/USD has painted an ascending triangle, confirmed by its rising trendline support and horizontal level resistance. The pattern suggests aggressive buying as lows get steadily higher while highs stay around the same level, indicative of a…

A closely followed crypto analyst believes Ethereum (ETH) could be gearing for a rally en route to liquidating traders who are bearish on the leading smart contract platform. In a new blog post, Justin Bennett says that the S&P 500’s (SPX) rally on Friday could hint at the short-term performance of the crypto markets. According to the analyst, crypto tends to follow in the footsteps of the stock market but there appears to be lag between the two asset classes. Bennett adds that should crypto take cues from equities, he sees Ethereum taking out resistance at $1,840. Bennett says an…

Digital trading cards tied to Donald Trump, the 45th President of the United States, have seen a spike in price following news that a grand jury in Manhattan voted to indict him. According to NFT data aggregator NFTPriceFloor, the floor price of Trump’s NFTs currently sets at 0.499 ETH, or over $900 at current rates. In comparison, the cards were initially priced at $99 and dropped to as low as 0.02 ETH (around $35) in late December last year.  The NFT collection has also seen a surge in trading volume. On March 31, one day after the former president was indicted,…