2/16/2024 0 Comments Risen downloading![]() ![]() In the wake of all this chaos, bitcoin and ether, the biggest cryptocurrencies by market cap, had a seven-day increase of about 15% and 9%, respectively, at the time of publication, according to CoinMarketCap data. The crypto market is showing a “positive contagion” after the SVB collapse, similar to what transpired in 2020 when investors fled traditional markets during the COVID-19 pandemic in favor of alternative assets, Stefan Rust, CEO of inflation data aggregator Truflation and former CEO of, previously said to TechCrunch+. deposits behind SVB and Signature, with about $119.5 billion in uninsured deposits, according to Reuters. First Republic had the third-highest rate of uninsured U.S. Other midsize and regional banks, including First Republic, have been under pressure following SVB’s collapse. The shuttering of these banks brought on bigger questions around where people and companies should park assets and which banks they can (or can’t) trust. Last week, Silvergate Capital, Silicon Valley Bank and Signature Bank all shut down or were closed, which resulted in crypto companies and investors and traditional users alike scrambling to move their assets. ![]() from customers amid the recent banking crisis. The divergence in downloads points to general concern across the U.S. Using peer-reviewed sea level rise projections and local elevation from Climate Central’s models, the findings show compelling visuals that paint a stark contrast between the world as we know it and our high-tide future, if the planet warms to 3 degrees Celsius above pre-industrial levels.Image Credits: Apptopia (opens in a new window) A recent UN report showed the world is currently on track to warm up to 2.9 degrees. The analysis from Climate Central, a nonprofit climate research group, illustrates the risk if countries fail to halt the planet’s precipitous warming trend. And scientists say the steady climb of global sea level will continue for many decades as temperatures crank higher. The relentless rise of planet-warming pollution has already resulted in severe droughts, deadly floods and rapid melting of glaciers and ice around the world. ![]() As global leaders and delegates gather in Dubai for the annual UN climate summit, a new analysis shows how the host cities of previous summits could be inundated - if not entirely submerged - by rising ocean waters. ![]()
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