War On Crypto Intensifies: SEC Charges Another Company2023-03-29 23:32:00
The Securities and Exchange Commission’s (SEC) crackdown on the crypto industry shows no signs of slowing down. The regulator continues to target firms and major players in the sector. In the latest move, the SEC has filed charges against Beaxy, a cryptocurrency platform, and its executives. The SEC alleged that Beaxy failed to register as […]
Senate Banking Committee Holds Hearing on Recent Bank Collapses, Calls for Tougher Regulations2023-03-29 22:41:00
On Tuesday, the U.S. Senate Committee on Banking, Housing, and Urban Affairs, also known as the Senate Banking Committee, held a hearing to discuss the recent bank collapses in the United States and the regulatory response. Throughout the testimonies, digital assets and crypto businesses were mentioned. Senate Banking Committee chairman Sherrod Brown claimed on Tuesday […]
XRP Profit Taking At Highest Since Aug. 2021 As Price Rises Another 17%2023-03-29 22:37:00
On-chain data shows XRP profit taking has surged to its highest level since August 2021 as the price has climbed another 17% in the last 24 hours. XRP Profit-Taking Volume Is Currently More Than Two Times The Loss-Taking Volume According to data from the on-chain analytics firm Santiment, a large amount of profit taking is […]
MetaMask Warns Users To Steer Clear Of Airdrop Rumors2023-03-29 21:31:00
A popular self-custodian wallet, MetaMask, recently dispelled rumors of a snapshot or airdrop circulating the Internet. Following this occurrence, the firm highlighted the need for maximum caution, given the continuous rise in fraudulent activities in the digital asset space. MetaMask Warns Users Of Fake Airdrop Rumors The perpetrators used social media to spread rumors about […]
Controversial ‘Tiktok Ban Bill’ Sparks Concerns Among Cryptocurrency and Technology Advocates2023-03-29 20:52:00
Cryptocurrency and technology proponents have recently been discussing a new bipartisan bill called the “Restricting the Emergence of Security Threats that Risk Information and Communications Technology (RESTRICT)” Act. In addition to targeting firms such as Kaspersky, Huawei, and Tiktok, opponents of the bill believe one of its provisions will punish ordinary Americans for leveraging a […]
OKX Plans To Enter Hong Kong, Seeks VASP License2023-03-29 20:39:00
OKX, a Seychelles-based crypto exchange ranked among the top 20 exchanges of the world, becomes the latest to enter Hong Kong due to its crypto-friendly regulations. Other crypto firms that previously revealed plans to set up a base in the city include Australian crypto exchange Independent Reserve and Huobi. Global crypto companies are rushing to […]
Telegram And TON Blockchain Deepen Integration With This New Crypto Feature2023-03-29 19:10:31
According to a press release shared with Bitcoinist, developers at Telegram launched a new crypto feature supported by the TON blockchain. Starting today, users from the platform can purchase a premium subscription with TON. Related Reading: RESTRICT Act Proposes 20-Year Jail Term For US Citizens Accessing Banned Apps The new feature is part of Telegram’s […]
A Gateway to Web3: TokenPocket Wallet – a Secure Decentralized Wallet That Integrates Trading, DApp Store, and the Crypto Markets2023-03-29 19:08:00
PRESS RELEASE. TokenPocket has reached cooperation with bitcoin.com News, which is a top 3 world economic and crypto news organization with millions of active readers. We’ll collaborate to integrate resources, Verse will be listed on TokenPocket, to bring a richer decentralized experience to all the crypto users. Why have we taken to TokenPocket? A self-custodial […]
Biggest Movers: XRP Gains Intensify, as Token Hits 11-Month High2023-03-29 19:05:15
Xrp climbed to its highest level since last May, as bullish sentiment returned to cryptocurrency markets. The token rose by as much as 17% in Wednesday’s session, with the global market cap over 5% higher. Cardano also rallied, rising by over 11%. XRP XRP maintained its bull run on Wednesday, as prices rose by as […]
Kraken Bags Sponsorship Deal With Williams Racing2023-03-29 18:58:30
Kraken crypto exchange has announced a new partnership with Williams Racing on Twitter. This achievement marks the first sponsorship deal between Formula 1 teams and crypto firms this year. The deal will allow Kraken to illuminate its brand logo on Williams Racing cars. The exchange will also create NFTs and provide branded team merchandise for […]
RESTRICT Act Proposes 20-Year Jail Term For US Citizens Accessing Banned Apps2023-03-29 16:57:00
Proposals included in the “Restricting the Emergence of Security Threats that Risk Information and Communications Technology Act,” better known as the RESTRICT Act, and forwarded to the United States Congress, is worrying privacy advocates and users of digital technology, including those in crypto. RESTRICT Act Is A Threat To Crypto While the proposed bill could […]
Bitcoin Halving Approaches: Less Than 400 Days Until Block Reward Subsidy Is Cut in Half2023-03-29 16:16:30
According to current statistics, the Bitcoin network is fewer than 56,000 blocks away and less than 400 days away from the next reward halving. After the next halving, the block reward will be reduced by 50%, and the current block subsidy of 6.25 bitcoins will drop to 3.125 bitcoins per block post-halving. In addition to […]
Bitcoin Reclaims $28,000 As BTC Balances On Exchanges Fall2023-03-29 15:54:00
Bitcoin has once again found its way above $28,000 despite the widespread uncertainty in the crypto market. This recent bullish move follows the news that Binance and its CEO Changpeng Zhao were being sued by the Commodities Futures Trading Commission (CFTC), which triggered large withdrawals from exchanges. $660 Million In Bitcoin Flow Out Of Centralized […]
Voyager Is Cashing Out Dollars From Selling Shiba Inu, ETH, VGX2023-03-29 14:46:00
As on-chain data shows, Voyager Digital has begun cashing out US dollars that have been flushed into the bankrupt crypto lender’s coffers through the sale of Shiba Inu (SHIB), Ether (ETH) and the Voyager Token (VGX). Last month, $610 million worth of USDC was sent to two different addresses belonging to Voyager. Of those, Voyager […]
Signature Bank Crypto Clients Rush Against Time As FDIC Sets Deadline For Account Closure2023-03-29 14:34:20
Signature Bank has given cryptocurrency companies and depositors a deadline of April 5 to withdraw their funds, as their deposits were not included in a rescue deal recently arranged with Flagstar Bank. The Michigan-based bank, which is a subsidiary of New York Community Bancorp, agreed to purchase deposits and loans from Signature Bank earlier this […]
Bitcoin, Ethereum Technical Analysis: BTC Back Above $28,000, Following US Consumer Confidence Report2023-03-29 14:02:30
Bitcoin surged higher on Wednesday, as markets reacted strongly to better-than-expected consumer confidence figures in the United States. Data from the Conference Board showed that its monthly survey rose to a reading 104.2, better than the 101 sum expected. Ethereum also climbed, moving above $1,800. Bitcoin Bitcoin (BTC) once again moved above the $28,000 level […]
Sam Bankman-Fried Faces New Charge For Bribing Chinese Officials With $40 Million2023-03-29 13:29:00
FTX co-founder and former CEO, Sam Bankman-Fried, is facing yet another criminal charge, this time for allegedly bribing Chinese government officials with $40 million worth of cryptocurrency. According to federal prosecutors, this marks the 13th charge against Sam Bankman-Fried in a case that continues to draw attention from the cryptocurrency and financial industries. On Tuesday, […]
Bitcoin․com Partners with HAPI to Launch High-Yield Farm on Verse DEX and Enhance Wallet and DEX Security2023-03-29 13:25:00
Bitcoin.com, a global leader in accessible cryptocurrency products and education, has taken another step forward in enhancing user experience by integrating HAPI‘s service into the self-custodial Bitcoin.com Wallet and onboarding the HAPI token on its Verse DEX with a USDC/HAPI trading pair. Bitcoin.com and HAPI are now offering highly attractive yield on the USDC/HAPI Farm. […]
Report: Do Kwon Successfully Formed a Company in Serbia Weeks After Interpol Issued Red Notice2023-03-29 13:12:30
According to a report, the recently arrested Terraform Labs co-founder Do Kwon was able to register a company in Serbia just a few weeks after Interpol issued a Red Notice for him. Lawyers that helped Kwon form a company in Serbia reportedly said they were not aware of Interpol’s Red Notice against their client. Do […]
How Davos Protocol Will Offer Users An Innovative Liquid Staking Solution2023-03-29 12:03:18
Davos Protocol is a low-risk, yield-generating, stable asset-driven DeFi ecosystem that addresses the issues of transparency, capital inefficiencies and increasing centralization currently prevalent in the stablecoin space. Recently, we caught up with Julian Hayward, co-founder and CBDO of Davos Protocol and asked him a few questions. Q: Can you tell us what it is staking, […]
Galaxy Digital CEO Says The Gov’t Should Be Scared Of AI And Not Crypto2023-03-29 10:43:54
Galaxy Digital held its Fourth Quarter 2022 Shareholder Update Conference Call on March 28, during which CEO Mike Novogratz addressed a variety of pressing issues impacting the industry. From the collapse of the once might crypto exchange FTX to the U.S. banking crisis, Novogratz offered his insight into the current state of the market and […]
Report: UAE Central Bank Implements Digital Currency Strategy2023-03-29 10:38:30
The central bank in the United Arab Emirates said it has started implementing its digital currency strategy with partners G42 Cloud and R3. According to the central bank, the digital currency initiative is expected to “further position and solidify the UAE as a leading global financial hub.” CBDC Strategy to Focus on Three Pillars The […]
SEC Chair Gensler Faces Scrutiny Over Crypto Policy From Congress, Mark This Date2023-03-29 09:23:45
Following recent actions by US authorities against the US crypto industry, Operation Choke Point 2.0 has become more apparent than ever. At the center of the campaign is the US Securities and Exchange Commission (SEC), which recently sent a Well Notice to Coinbase and brought forth a lawsuit against crypto mogul Justin Sun over fraud […]
Noble Partners With Circle Financial to Integrate USDC on Cosmos Blockchain2023-03-29 07:47:30
According to the token protocol startup Noble, the second-largest stablecoin, USDC, will be integrated into the Cosmos blockchain, as the company has partnered with Circle Financial for the rollout. Noble details that the integration will give access to Circle’s USDC stablecoin to more than 50 Inter-Blockchain Communication (IBC) networks. USDC Native Support Is Coming to […]
Avenged Sevenfold Tour: Ticketmaster Pilots NFT-Enabled Pre-Sales For Ticket Priority2023-03-29 07:03:37
Ticketmaster is partnering with Avenged Sevenfold to launch its Ethereum NFT token-gating feature, in a bid to put an end to scalping, bot activity, and long wait times. As part of this partnership, the heavy metal band tested the feature with its Deathbats Club NFT collection prior to its full integration. This marks the first […]
Binance CEO CZ Responds to US Regulator’s Charges2023-03-29 05:02:30
Binance CEO Changpeng Zhao (CZ) has addressed the allegations against him by the U.S. Commodity Futures Trading Commission (CFTC). “We do not agree with the characterization of many of the issues alleged in the complaint,” the executive stressed. CZ Responds to CFTC’s Allegations The CEO of cryptocurrency exchange Binance, Changpeng Zhao (CZ), published a blog […]
Fed Bank President: Banking Crisis Tips US Economy Toward Recession2023-03-29 03:19:30
The president of the Federal Reserve Bank of Minneapolis, Neel Kashkari, says the current banking crisis has pushed the U.S. economy closer to a recession. “We have fundamental issues, regulatory issues facing our banking system,” the Fed official stressed. Neel Kashkari on U.S. Economy, Banking Crisis, Recession Federal Reserve Bank of Minneapolis President Neel Kashkari […]
Former Treasury Official Warns of Complete Economic Implosion if US Dollar Loses Global Reserve Currency Status2023-03-29 01:34:30
Former Assistant Secretary for Public Affairs for the U.S. Department of the Treasury Monica Crowley has warned of “catastrophic” consequences if the U.S. dollar loses its status as the world’s reserve currency. “That would mean the end of the U.S. dollar,” she said, predicting that “there would be a complete implosion of the global economic […]
European Lawmakers Impose €1000 Limit On Unverified Crypto Users2023-03-29 01:32:00
While the European government is still working on its regulatory approach towards cryptocurrency regulation, a part of the body, which is the lawmakers, have earlier today published a new rule targeting crypto users with unverified identities. The law which has just been passed wasn’t solely aimed at crypto specifically but at the act of money […]
Law Firm’s White Paper Claims US Bank Regulators Are Waging a ‘Clandestine Financial War’ Against Crypto Businesses2023-03-29 00:29:00
According to a recent white paper published by four members of the law firm Cooper & Kirk, PLLC, U.S. bank regulators are attempting to “drive crypto businesses out of the financial system.” The paper, titled “Operation Chokepoint 2.0,” claims that after laying the groundwork by labeling lawful businesses as “reputationally risky,” federal bank regulators, with […]
Bitcoin On-Chain Data Shows No Signs Of FUD Among Binance Users2023-03-29 00:24:00
Despite CFTC suing Binance, Bitcoin on-chain data has so far shown no signs of FUD developing among traders on the cryptocurrency exchange. Bitcoin On-Chain Metrics Related To Binance Are So Far All Normal Yesterday, news came out that the US Commodity Futures Trading Commission (CFTC) has filed a lawsuit against Binance and its CEO, Changpeng […]