Crypto News

  • News - 26 March 2023, 2:07 am

    Despite banking laws stating that remedies should not be aimed at benefiting a specific bank, this change could be structured “in a way to ensure” First Republic benefits, suggests unnamed sources. United States authorities are reportedly deliberating on extending an emergency credit line for banks, “in ways” which may provide First Republic Bank with a…Read More

  • Bitcoin News - 26 March 2023, 1:30 am

    Billionaire Bill Ackman has warned that the U.S. economy is “heading for a train wreck” if the government allows the current banking crisis to continue. “Trust and confidence are earned over many years, but can be wiped out in a few days,” he said. “Hopefully, our regulators will get this right.” Bill Ackman’s Warning Billionaire…Read More

  • Bitcoin News - 25 March 2023, 11:30 pm

    The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, has warned that the Federal Reserve’s continued rate hikes will crash stocks, bonds, real estate, as well as the U.S. dollar. He expects the next crash to be the “$1 quadrillion derivatives market.” Robert Kiyosaki on Interest Rate Hikes, Market Crashes The…Read More

  • News - 25 March 2023, 9:38 pm

    Coinbase’s Wells notice hints at enforcement action on the horizon, Terraform Labs CEO Do Kwon arrested in Montenegro and FTX seeks to sell $95 million in Mysten Labs stocks. Top Stories This WeekCoinbase could face SEC enforcement action for ‘potential violations of securities law’Crypto exchange Coinbase received a Wells notice from the United States Securities…Read More

  • Bitcoin News - 25 March 2023, 9:30 pm

    Switzerland’s troubled Credit Suisse and its rescuer, USB, are subject to an investigation into whether bankers helped Russian oligarchs evade Western sanctions, according to a media report. Some major U.S. banking institutions are also under scrutiny within the probe initiated by the Justice Department, sources say. Credit Suisse, US Banks Investigated for Suspected Sanctions Violations…Read More

  • News - 25 March 2023, 8:54 pm

    ETH worth over $101 million had been returned to the lending protocol as of March 25. The exploiter still controls part of the stolen assets. The hacker behind the $196 million exploit on lending protocol Euler Finance has returned the majority of the stolen assets, according to on-chain data. In a transaction on March 25, the…Read More

  • Bitcoin News - 25 March 2023, 7:30 pm

    Over the past week, statistics show non-fungible token (NFT) sales totaled $193.08 million, down 5.44% from the previous week. Ethereum dominated NFT sales with more than $107 million or 55% of all sales, while Solana-centric NFT sales recorded $26.3 million or 13% of sales in the same period. NFT Market Shows Signs of Slowdown With…Read More

  • News - 25 March 2023, 6:26 pm

    According to Venezuela’s attorney general office, government officials were running parallel oil operations with the assistance of the national crypto department. Venezuela’s energy supplier has shut down crypto mining facilities throughout the country as part of a reorganization of the national crypto department and ongoing corruption investigations involving the country’s oil company.According to local media…Read More

  • Bitcoin News - 25 March 2023, 5:30 pm

    Following the Arbitrum token airdrop, ARB has become a top 40 cryptocurrency as it currently holds the 37th largest market valuation out of more than 23,000 listed digital currencies. Currently, there is a circulating supply of 1,275,000,000 ARB, and the Arbitrum Foundation’s DAO Treasury holds 3.52 million or 35.27% of the airdropped supply. Over the…Read More

  • News - 25 March 2023, 4:35 pm

    The United States Federal Reserve released an 86-page report on March 24 detailing the reasons for denying Custodia Bank’s application for membership. The United States Federal Reserve released an 86-page report on March 24 detailing the reasons for denying Custodia Bank’s application for membership in January, including the bank’s involvement in the crypto space. According to…Read More

  • Bitcoin News - 25 March 2023, 3:30 pm

    On March 23, 2023, bitcoin experienced another difficulty increase, following two previous rises in the last month, jumping 7.56% higher. Currently, bitcoin miners have not been deterred by the increases, as the network hashrate has been coasting along at 346 exahash per second (EH/s). Bitcoin Hashrate Remains High Despite Recent 7.56% Difficulty Rise As of…Read More

  • Bitcoin News - 25 March 2023, 2:30 pm

    The crypto asset xrp rose by as much as 5% on Saturday, following declines of a similar amount during yesterday’s session. This comes despite the global crypto market cap moving lower, falling by 0.51% at the time of writing. Litecoin was also higher to start the weekend. XRP XRP, formerly ripple, was back in the…Read More

  • News - 25 March 2023, 1:40 pm

    Bitcoin market volatility dries up as sideways trading cools bullish BTC price predictions in the near term. Bitcoin (BTC) drifted lower on March 25 as eerily calm conditions saw liquidations evaporate.BTC/USD 1-hour candle chart (Binance). Source: TradingViewBitcoin in “slow chop” until MondayData from Cointelegraph Markets Pro and TradingView followed BTC/USD as it focused on $27,500…Read More

  • Bitcoin News - 25 March 2023, 12:30 pm

    Bitcoin moved close to a breakout below $27,000 on Saturday, as markets moved lower following a volatile week of trading. Market uncertainty was high this week, as traders digested the latest Federal Reserve interest rate hike, as well as the on-going global banking crisis. Ethereum remains below $1,800 as of writing. Bitcoin Bitcoin (BTC) started…Read More

  • News - 25 March 2023, 12:07 pm

    Fiscal policy shapes economies through government spending, taxation and borrowing. Fiscal policy is a tool used by governments to regulate economic activities in their country. It involves the use of government spending, taxation and borrowing to influence economic growth, stabilize inflation and maintain a stable economy. This article will explain what fiscal policy is, how…Read More

  • News - 25 March 2023, 11:14 am

    The phishing message on Discord offered “the opportunity to re-claim an additional stake in Arbitrum DAO Governance” while citing issues during the initial token claim drive. The crypto community’s warning against fake Arbitrum (ARB) airdrops materialized as hackers managed to drop a phishing link into Arbitrum’s official Discord server.On March 25, blockchain-focused security firm CetriK…Read More

  • Bitcoin News - 25 March 2023, 10:30 am

    Users of the Telegram messenger will now be able to send each other the leading stablecoin, tether (usdt), directly in the chats. The new option expands the list of cryptocurrencies available for purchase, sale, and trade in the messaging app. Tether Added to Wallet Bot in Telegram Messenger Support for transactions with the U.S. dollar-pegged…Read More

  • News - 25 March 2023, 10:23 am

    From Beeple to Lil Yachty, Gemini’s NFT marketplace Nifty Gateway has a lot to offer for crypto artists. Nonfungible token (NFT) marketplaces transacted roughly $82 million in 2020 and a staggering $17.6 billion in 2021, indicating a rising demand and high user interest in NFTs. This meteoric rise of digital asset trading ranged from whimsical…Read More

  • News - 25 March 2023, 9:51 am

    Sony’s NFT framework aims to integrate NFTs into gameplay, with the technology representing skins and other popular in-game functionalities. Sony Interactive Entertainment, the video game goliath running the PlayStation brand, filed a patent for a framework allowing users to transfer and utilize nonfungible tokens (NFTs) across multiple game platforms. Over several years, Sony’s interest in crypto…Read More

  • Bitcoin News - 25 March 2023, 8:00 am

    A recent review of Nigerian banks’ bond portfolios showed that the institutions were not directly exposed to Silicon Valley Bank, the governor of the country’s central bank has said. In addition, the governor said the Central Bank of Nigeria’s stringent guidelines help to create a “very safe” banking system. Priority Given to Depositors According to…Read More

  • News - 25 March 2023, 7:04 am

    While going through the unfamiliar process of wrapping NFTs, Riley accidentally sent the asset to a burn address, permanently deleting the NFT from circulation. A nonfungible token (NFT) from the CryptoPunks collection worth 77 Ether (ETH) was sent to a burn address to be permanently destroyed. However, the collector intended to borrow some money against…Read More

  • News - 25 March 2023, 5:45 am

    Speaking with Cointelegraph, Animoca co-founder Yat Siu noted that given the source’s anonymity, it “makes it difficult to ascertain exactly who or what the source or agenda is.” Venture capital firm and Web3 game developer Animoca Brands has refuted claims that it scaled back its metaverse fund target by $200 million, or 20% to $800…Read More

  • News - 25 March 2023, 2:39 am

    While the U.S. government opts for “regulation by enforcement,” other countries are fostering “vibrant” crypto ecosystems due to progressive regulation, argues Coinbase’s Daniel Seifert. With Coinbase seemingly on the verge of a court battle with the United States Securities and Exchange Commission (SEC), the firm has emphasized that the U.S. government’s hawkish approach to crypto…Read More

  • News - 24 March 2023, 11:50 pm

    The White House isn’t doing any favors for derivatives traders by turning a blind eye to the biggest players in the space. The White House released its annual economic report on March 20, and it dedicated an entire section to digital assets. The authors should be commended for doing so. I largely agree with the report’s…Read More

  • News - 24 March 2023, 10:04 pm

    Heads of all major U.S. financial regulatory agencies gathered by video to hear a presentation by New York Fed staff that concluded that the banking system “remains sound.” The United States’ most powerful financial regulators gathered on March 24 by video conference for an unscheduled, closed meeting of the Treasury Department’s Financial Stability Oversight Council…Read More

  • News - 24 March 2023, 9:30 pm

    The company announced in November 2022 that it was working on a new Animoca Capital fund with a target of $2 billion but then halved that target in January 2023. Hong Kong-based Animoca Brands, a developer of blockchain gaming technology, has reportedly cut its target for its metaverse fund by a further 20% to $800…Read More

  • News - 24 March 2023, 9:15 pm

    Despite global bank turmoil and regulatory crackdowns, traditional and decentralized finance (DeFi) are continuing to blend. Take, for example, the recent issues that Circle-issued USD Coin (USDC) faced when it depegged from the U.S. dollar following Silicon Valley Bank’s collapse. Two weeks later, Mastercard boldly integrated the stablecoin into its infrastructure in the Asia-Pacific region,…Read More

  • News - 24 March 2023, 9:00 pm

    All the pieces are in place for BTC to rally to $30,000, but escalating economic uncertainty and regulatory pressure add strength to the key resistance level. On March 23, Bitcoin (BTC) price recovered the $28,000 support after a brief correction below $27,000. The movement closely tracked the traditional financial sector, particularly the tech-heavy Nasdaq Index,…Read More

  • News - 24 March 2023, 8:45 pm

    Securities processor Deutsche WertpapierService Bank will provide its affiliates with seamless integration with their current offerings, with more digital assets to come. Deutsche WertpapierService Bank (Dwpbank), which offers securities processing to around 1,200 banks in Germany, is creating a new platform, wpNex, that will offer Bitcoin (BTC) to all of its affiliates’ retail customers in…Read More

  • News - 24 March 2023, 8:25 pm

    The Arbitrum airdrop has created quite a hype in the DeFi industry, with several fake airdrops and exploits leading up to the distribution. Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week.The much-awaited airdrop of layer-2 scalability protocol…Read More

  • News - 24 March 2023, 8:11 pm

    The passed measure ends the 1% USDC-to-DAI minting fee that was previously implemented. MakerDAO, the decentralized autonomous organization that governs the Dai (DAI) stablecoin, has voted overwhelmingly to keep USD Coin (USDC) as the primary collateral for Dai. An alternative proposal to “diversify” collateral into Gemini Dollar (GUSD) and Paxos Dollar (USDP) was rejected in a…Read More

  • News - 24 March 2023, 8:00 pm

    Bitcoin and altcoins could see profit-taking and risk-off positioning as the weekend approaches and investor concerns about Deutsche Bank arise. European stock markets fell on March 24 on renewed fears that the banking crisis could rear its ugly head once again. The latest selling was triggered after Deutsche Bank’s credit default swaps, which offer protection…Read More

  • News - 24 March 2023, 7:30 pm

    The banking crisis is a catalyst for the next crypto bull run, in which Bitcoin will likely outperform all crypto assets, says Bloomberg analyst Mike McGlone. The banking crisis could be the spark that will kick off the next crypto bull run, in which Bitcoin (BTC) is likely to outperform all other cryptocurrencies — according…Read More

  • News - 24 March 2023, 7:00 pm

    Bitcoin NFT inscription activity continues to rise and the launch of new BTC specific marketplaces could lay the groundwork for the next hype cycle. Bitcoin NFT inscription activity has remained strong with consistency in the daily number of NFTs inscribed on Bitcoin. At the same time, the infrastructure to foster Bitcoin trading is finally coming…Read More

  • News - 24 March 2023, 6:30 pm

    An indicator of European bank default risk soars and stocks tumble on March 24 amid renewed fears surrounding the financial system. European banks are going into the weekend with renewed fears surrounding their future, as shares of Deutsche Bank plunged over 7% on the New York Stock Exchange on March 24 after a down day on…Read More