Crypto-friendly Custodia Bank Faces Setback As Fed Denies Application For Supervision2023-03-24 23:40:39
The Crypto-friendly Custodia bank, founded by Caitlin Long, a well-known figure in the crypto industry, has been denied its application to come under the supervision of the U.S. Federal Reserve (Fed), according to an official announcement. The Board had previously announced the denial of the application. Still, the announcement confirmed that the order outlining the […]
Shares of Deutsche Bank, Other Euro Lenders Tumble2023-03-24 22:00:30
Deutsche Bank shares plunged on Friday, along with the stocks of other European banks, amid investor concerns over the stability of the global banking sector. The drop comes in the aftermath of the recent emergency rescue of Credit Suisse and follows losses in U.S. banks on Thursday. Deutsche Bank Credit Default Swaps Jump to 4-Year […]
Binance Halts Spot Trading After Matching Engine Glitch2023-03-24 21:25:00
Binance, the world’s largest cryptocurrency exchange by trading volume, earlier today, on March 24, temporarily halted spot trading due to a matching engine glitch that disrupted the platform. Bug Detected, Withdrawal And Depositing Halted The CEO of Binance, Changpeng Zhao, popularly known as “CZ,” said they detected a bug during an analysis of a trailing […]
Binance Employees Reportedly Help Chinese Customers Bypass KYC Verification2023-03-24 20:24:00
While Binance, the world’s largest cryptocurrency exchange in the industry has thrived to be as secure and transparent as possible following the FTX saga, some of its employees have reportedly been doing some elicit acts to dent the company’s reputation. According to an investigation conducted by CNBC, some employees at the exchange have been helping […]
Terraform Labs CEO Do Kwon Faces Extradition to South Korea2023-03-24 20:22:30
According to a report published by AFP, Do Kwon, CEO of Terraform Labs, has been charged with document forgery in Montenegro. Kwon was arrested at the Podgorica airport while traveling with fake documentation. South Korean prosecutors have said the Terra co-founder faces extradition to South Korea. Montenegro Police’s Account of the Falsified Travel Documents Found […]
Tether Claims $1.6 Billion In Excess Reserves To Back Its Stablecoin2023-03-24 19:54:00
The number one stablecoin by market cap has announced it will reach $1.6 billion in excess reserves of Tether (USDT). The firm estimates this figure for the March quarter. Tether Chief Technology officer Paolo Ardoino disclosed that it expects an estimated $700 million in profit within the said period pushing the reserves higher. Ardoino further […]
Ripple CTO David Schwartz Calls Out SEC for Lack of Clarity On Crypto Regulations2023-03-24 18:20:00
The recent Wells notice from the SEC to Coinbase has sparked another reaction from Ripple. In a recent tweet, Ripple’s CTO, David Schwartz, criticized the US Securities and Exchanges Commission for not clarifying cryptocurrency regulatory guidelines before attacking crypto firms. Schwartz’s comment was in response to Paul Grewal, chief legal officer to Coinbase’s statement asking […]
Treasury Secretary Yellen Holds Unscheduled Meeting With Top Financial Regulators Amid Turmoil in Banking Sector2023-03-24 18:17:30
U.S. Treasury secretary Janet Yellen initiated an unscheduled Financial Stability Oversight Council (FSOC) meeting with the country’s top financial regulators on Friday amid issues plaguing the U.S. banking sector. Banking stocks and all four U.S. benchmark indexes fell again on Friday as the government’s efforts last week failed to quell the country’s financial calamity. Janet […]
Portuguese NFT Marketplace Joins Shiba Inu Craze, Enables SHIB Payments2023-03-24 17:50:00
The second largest meme coin, Shiba Inu, has gained more traction recently. Though its launch was inspired by Dogecoin (DOGE), Shiba Inu has gradually risen with more functionalities for users. SHIB is attracting more attention from different sectors globally with its operations and performance. In a new development, Shiba Inu is moving into the Portuguese […]
Biggest Movers: XMR Rises to 1-Month High, XRP Moves 4% Lower2023-03-24 16:41:30
Monero jumped to a one-month high on Friday, as overall sentiment in crypto markets remained largely unchanged. The global market cap is now trading 0.60% higher at the time of writing. Xrp was back in the red in today’s session, as traders continued to secure recent gains. Monero (XMR) Monero (XMR) has been one of […]
Litecoin Whale Withdraws $11.4 Million In LTC From Binance, Sign Of More Buying?2023-03-24 16:16:00
Data shows a Litecoin whale has withdrawn $11.4 million in LTC from Binance, a sign that more accumulation may be taking place in the market. Litecoin Whale Withdraws Large Stack From Binance As LTC Shows Strong Rise According to data from the cryptocurrency transaction tracker service Whale Alert, a large transaction has been spotted on […]
Digital Euro Key for European Payment Autonomy, ECB President Lagarde Says2023-03-24 15:43:00
The digital euro has an important role in preserving the payment autonomy of Europe, the head of the eurozone’s monetary authority emphasized. The new currency, which is still under development, is meant to be sovereign and safe, cheap and widely available, Christine Lagarde assured during a discussion devoted to central bank digital currencies. Payment Cards […]
Bitcoin, Ethereum Technical Analysis: ETH Drops From 7-Month High, as Market Volatility Heightens2023-03-24 14:41:10
Ethereum fell from a 7-month high March 24, as traders reacted to further uncertainty within the European banking sector. Shares in Deutsche Bank fell by as much as 13% in today’s session, following a spike in the cost of credit default swaps. Bitcoin briefly moved above $28,000 on the news. Bitcoin Bitcoin (BTC) was back […]
US DOJ Probes Credit Suisse And UBS Bank For Evading Russian Sanctions2023-03-24 14:30:42
Following Russia’s invasion of Ukraine, the US Department Of Justice (DOJ) has been applying sanctions to stop financial institutions from facilitating Russian residents. In its recent actions, many financial firms, including crypto companies, have faced legal action by US authorities resulting in hefty fines. This time, DOJ is investigating two Swiss financial firms, Credit Suisse […]
ChatGPT Can Now Browse The Internet – What This Means For Crypto 2023-03-24 13:37:10
ChatGPT, the AI-powered language bot that has taken the world by storm, has just added more firepower to its arsenal thanks to the release of new plugins by OpenAI. These plugins open up a vast array of third-party knowledge sources and databases, including the internet, thus expanding its already impressive functionality. The integration of these […]
ProBit Global Exclusive Presents Arbitrum’s New ARB Token at 50% off2023-03-24 13:06:15
PRESS RELEASE. The Next Link In Blockchain Has Arrived. Launched in 2021, Arbitrum takes the exceptional security of Ethereum one step further with a class-leading Layer 2 solution that solves many of the scalability issues associated with Layer 1 chains. As ProBit Global’s latest listing, the exchange is excited to offer its users a time-limited […]
Bitcoin-Friendly El Salvador Wants To Waive Taxes For Tech Innovation2023-03-24 12:28:30
El Salvador wants to waive taxes to spur technology innovations after becoming the first country in the world to make Bitcoin legal tender two years ago. Spurring Technology Innovation President Nayib Bukele announced on Friday that he will send a bill to Congress next week to eliminate all taxes on software programming, coding, apps, artificial […]
How Crypto Ended Up at the Center of a Potential $20 Billion Internal Corruption Scandal in Venezuela — Bitcoin Mining Shutdown Results2023-03-24 12:03:30
The establishment of sanctions by the Trump administration towards PDVSA, the state oil company in Venezuela, reportedly forced the hand of the government in the country to find alternative means of payment for crude oil. According to reports, more than $3 billion are missing from these payments that were brokered by Sunacrip, the national crypto […]
Confirmed: Shiba Inu Based PAW Token Will Launch This Week2023-03-24 11:29:35
Shibarium, a decentralized layer-2 network for the Shiba Inu ecosystem, started its public beta phase under the name Puppynet a few days ago. Since then, there has been almost daily news about projects and developments based on Shibarium. One of the most high-profile projects, which is eagerly awaited by the SHIB army, is now getting […]
Shiba Inu Grapples With Drop In New Addresses, Despite 5,000% Increase In Burn Rate2023-03-24 11:23:31
Shiba Inu (SHIB), the popular dog-inspired cryptocurrency, is currently facing a tough time breaking free from its recent slump. According to on-chain data, both a decline in network growth and pressure from long-term holders looking to sell their holdings could potentially hinder SHIB’s price resurgence. Recent data provided by Glassnode indicates a downward trend in […]
Woman Loses Money To Crypto Scam Via Match Making Site In Mumbai2023-03-24 10:40:30
Crypto fraud has become an issue in the last few years, causing pain and losses for the victims. A 60-year-old woman in Mumbai, India, was duped of $29,243 by a fraudster on a matrimonial website. The lady retired from a private firm and joined the matrimonial site early in 2022. Also, she maintained constant communication with […]
Bitcoin, Other Cryptos See $360 Million Sold Off In Single Day – Here’s Why2023-03-24 09:45:20
Bitcoin (BTC) and other cryptocurrencies sustained a considerable blow as the U.S. Federal Reserve’s decision to raise interest rates resulted in the liquidation of hundreds of millions of dollars from the markets. The collapse of multiple banks has already led to an increase in liquidity, causing a reversal of a significant portion of the quantitative […]
Ripple Letters Get SEC Reply, How It May Affect The Ruling2023-03-24 09:16:00
The US Securities and Exchange Commission (SEC) has filed its response to Ripple Labs’ letters regarding supplemental authority in the Bittner and Voyager cases. As Bitcoinist reported, the Voyager judge found strong words for the unclear regulatory situation of the US crypto industry. Ripple filed the decision as a supporting argument for its fair notice […]
Crypto Industry Receives Protection With New Blockchain Regulatory Bill2023-03-24 00:33:13
Member of the US House of Representatives and Majority Whip Tom Emmer has recently introduced a new bill to provide regulatory clarity for the blockchain and cryptocurrency industry. The bill is called the Blockchain Regulatory Act (BCRA). According to Emmer, the purpose of this bill is to establish legal clarity for blockchain developers and service […]