Bank Of Russia To Incorporate Domestic Crypto Holdings In Consumer Finance Survey2023-04-03 23:02:00
The Central Bank of the Russian Federation (CBR) has released its latest report on household finances, which includes an assessment of public holdings of digital or crypto assets. The report, conducted biennially since 2013 and covers the previous year, was published last Friday. Related Reading: Arbitrum Trading Volume Balloons Over 75% As ARB Price Defies […]
Twitter Changes Bird Logo to Picture of Doge, Dogecoin Price Surges 23% After the Change2023-04-03 22:53:30
On Monday, Twitter users noticed that the traditional blue bird logo had been replaced by a cartoon picture of Doge. Meanwhile, the leading meme coin cryptocurrency, Dogecoin, jumped 23% higher against the U.S. dollar after the logo change. Twitter Bird Logo Changes to Doge Twitter has updated its logo, replacing it with a picture of […]
Binance Observes Largest Stablecoin Net Outflow In History: Report2023-04-03 22:04:00
The cryptocurrency exchange Binance has recently observed its largest stablecoin net outflow in history, as revealed by a report. Binance Has Seen Large Stablecoin Withdrawals Recently Binance has been under some regulatory pressure from the US government this year. The latest example is the CFTC lawsuit against Changpeng Zhao, the exchange’s CEO, over alleged derivative […]
Law Firm Jenner & Block Recruits Ex-U.S Prosecutor To Counter Regulatory Scrutiny In Crypto2023-04-03 20:34:30
While regulators have continued to tighten their approach towards regulating crypto, law firms with increasing cases have thrived on keeping up with the pace. Earlier today, prominent law-focused firm Jenner & Block announced its latest recruit aimed to counter the intensifying crypto regulations. The company disclosed it had hired former US prosecutor Laurel Loomis Rimon, […]
Bitquery’s New Streaming API is Changing Web3 Infrastructure Space2023-04-03 20:08:00
Bitquery launched its Streaming API in early March, giving users to access blockchain data in real time. With Bitquery’s APIs, Web3 builders have had access to extensive data from over 40+ blockchain networks. As the demand for blockchain data continues to grow, Bitquery has been at the forefront of providing reliable and comprehensive data to […]
Dfinity Foundation Launches Chain-Key Bitcoin, a Native Internet Computer BTC Derivative Token2023-04-03 20:05:30
On April 3, 2023, the Dfinity Foundation, a development team behind the Internet Computer (ICP) network, announced the launch of a native ICP token called “chain-key bitcoin” or “ckBTC.” The bitcoin derivative is backed 1:1 with the leading cryptocurrency asset. On Monday, Dfinity detailed that the technology “builds on the protocol-level integration with the Bitcoin […]
Ethereum Network Under Siege: Verifier Steals Millions From MEV Bots2023-04-03 19:58:30
As Ethereum (ETH) prepares for its highly-anticipated upgrade, now known as “Shapella,” the network has faced a new challenge in the form of malicious attacks on Miner Extractable Value (MEV) bots transactions. A network validator conducted the attack. These aggressions have been carried out by a verifier who has invalidated legitimate transactions and replaced them […]
Pancakeswap Launches Version 3 of Protocol on BNB and Ethereum Blockchains2023-04-03 18:27:30
On Monday, April 3, the decentralized exchange (dex) platform Pancakeswap launched version 3 of its protocol (v3) on the Binance Coin (bnb) and Ethereum blockchains. The new application aims to improve the performance of the dex protocol and reduce fees by implementing four levels of trading fees.
New Features and Improved Capital Efficiency Offered in […]
ChatGPT And AI Companies Must Compensate Content Creators, Says Media CEO2023-04-03 18:13:30
Michael Miller, the CEO of News Corp Australia, is adamant that ChatGPT and other artificial intelligence (AI) companies must compensate content creators. He explains that the rise of generative AI is just another way for digital companies to profit from the creative work of others without compensating or attributing them. AI Companies Should Compensate Creators Miller specifically […]
Biggest Movers: ADA Snaps Losing Streak as BCH Moves to 10-Day High2023-04-03 17:54:35
Cardano ended a two-day losing streak on Monday, as the token moved closer to a two-month high to start the week. Cryptocurrency markets were mostly lower in today’s session, with the global market cap down 0.36% as of writing. Bitcoin cash also climbed, hitting a ten-day high.
Cardano (ADA)
Cardano (ADA) snapped a two-day […]
Arbitrum Trading Volume Balloons Over 75% As ARB Price Defies FUD2023-04-03 17:06:30
Arbitrum, a layer 2 blockchain that airdropped over 1 billion ARBK tokens to its community in March, has been the subject of negative news over the weekend. The Arbitrum Foundation came under fire for spending tokens without the approval of its holders, sparking Fear, Uncertainty, and Doubt (FUD) for the asset. However, ARB has refused […]
Why Crypto Clients Are Being Turned Away By UK Banks, According To This Report2023-04-03 16:25:19
Crypto companies in the United Kingdom are feeling the heat as they encounter yet another roadblock on their path to financial freedom. Banks are reportedly putting up a fortress of hurdles for these firms to jump over, with requests for additional documentation and transaction monitoring becoming the norm. With Natwest and HSBC slashing the amount […]
Elizabeth Warren Explains Her ‘Anti-Crypto Army’ Stance; Waves of Democrats Oppose Her Bitcoin Criticism2023-04-03 16:15:30
Elizabeth Warren, the Democratic senator from Massachusetts, has recently launched a political campaign against cryptocurrencies as she seeks a third term in office in 2024. In a recent interview on “Meet the Press Reports” with NBC’s Chuck Todd, Warren likened buying bitcoin to “buying air.” Despite her stated distrust of banks, Warren told the show […]
Bitcoin Holders Aggressively Accumulate BTC, Good News For Rally?2023-04-03 15:57:30
On-chain data shows that Bitcoin investors have shifted towards aggressive accumulation recently, something that may help sustain the rally longer. Bitcoin Accumulation Trend Score Has Tended Towards 1 Recently According to data from the on-chain analytics firm Glassnode, there is a structural similarity forming between the current and 2018-2019 BTC cycles. The indicator of interest […]
Bitcoin, Ethereum Technical Analysis: BTC Consolidates Above $28,000 on Monday2023-04-03 14:31:30
Bitcoin started the week consolidating above the $28,000 level, as markets prepare for a big week of U.S. economic data. The headline will be this Friday’s nonfarm payrolls, which are expected to fall to 238,000 jobs. Ethereum remains above $1,800 as of writing.
Bitcoin
Bitcoin (BTC) started the week consolidating around the $28,000 […]
John Deaton Asked To Testify Before Maine State For First Crypto Policy2023-04-03 14:12:30
There has been a significant increase in the adoption of the crypto sector despite the tumultuous condition of the market. In a recent development, Senator Eric Brakey plans to introduce a new bill to allow digital currency transactions in Maine State financial institutions. Brakey invited experts from the crypto industry to answer questions during the […]
Worldcoin Launches World ID, an AI Resistant, Iris Dependant ID Protocol2023-04-03 13:55:30
Worldcoin, a project co-founded by Sam Altman, who is also a co-founder of artificial intelligence (AI) startup Openai, announced the launch of World ID, a digital proof of personhood ID protocol. The protocol allows for an AI-resistant verification of humanness online, using a device called the orb to scan the iris of each person for […]
US Senator Warren Says No To Crypto But A Resounding Yes For CBDCs2023-04-03 13:50:30
In a recent interview, United States Senator Elizabeth Warren made it clear that she is not a fan of cryptocurrencies. However, she also criticized the banking industry for high fees, lack of transparency, and lack of speed. Instead, she believes that central bank digital currencies (CBDCs) backed by the government could solve these issues. Senator […]
Allbridge Hack: Cross-Chain Protocol Loses $570,000 To Exploiter2023-04-03 12:22:52
Allbridge was reportedly the victim of the most recent theft to sweep the industry, with Peckshield, a blockchain security company, claiming that $570,000 was stolen from the cross-chain protocol. The theft of $282,889 in Binance USD and $290,868 in Tether USDT was discovered on April 1 and reported by Peckshield to Allbridge. The company claims […]
Relist XRP On Coinbase Trends Again, Here’s Why2023-04-03 12:16:20
XRP community attorney John E. Deaton, who is representing the holders of the token in the lawsuit between Ripple and the US Securities and Exchange Commission (SEC), has outlined in a new Twitter thread why the definitions of “investment” and a “contract” are fundamental to the district court’s ruling. Paul Grewal, the Chief Legal Officer […]
India to Facilitate International Settlements in Rupees to Reduce Dependence on the US Dollar2023-04-03 10:21:30
The government of India has announced that it will facilitate the settlement of international transactions using its national currency, the rupee. As part of its foreign trading policy framework implemented on April 1, the country introduced this measure to facilitate payments for countries experiencing a U.S. dollar crush. India to Offer Rupee-Based Settlement Options for […]
Here’s What Will Be Crucial For Bitcoin And Crypto This Week2023-04-03 10:11:10
The Bitcoin and crypto market saw a pullback at the start of the trading session in Asia. The price of BTC briefly fell 2.2% and initially stabilized above $27,700 at press time. The broader crypto market followed suit and is also in the red. The reason for the slump in the price is probably the […]
Dogecoin Holders Now Control $3.6 Billion In DOGE For The Long Haul2023-04-03 09:13:14
The number of people who plan to hold onto the popular meme cryptocurrency Dogecoin for the long haul has been growing gradually since the year 2023, according to the most recent data. Despite a modest 4% gain over the past week, IntoTheBlock data shows that over 60% of Dogecoin holders are making a profit on […]
Household Crypto Holdings Included in Bank of Russia’s Consumer Finance Survey2023-04-03 07:05:30
The Central Bank of Russia has added crypto asset holdings of households to its survey of consumer finances. The statistics reveal that Russian families keep more money in cryptocurrency wallets than in gold investment accounts or mutual funds. Russia’s Central Bank Evaluates Cryptocurrency Holdings of Russian Households The Central Bank of the Russian Federation (CBR) […]
‘Dr. Doom’ Nouriel Roubini Warns of Looming Banking Crisis and Trilemma for Central Banks2023-04-03 05:07:30
Economist Nouriel Roubini has shared his opinion about bank problems in the United States in a recently published opinion editorial. In the article, Roubini insists that “most U.S. banks are technically near insolvency, and hundreds are already fully insolvent.” Roubini: ‘Liquidity Support Cannot Prevent This Systemic Doom Loop’ The renowned economist Nouriel Roubini, also known […]
BLUR Token Plummets Over 28% in March, Despite Blur’s Dominance in NFT Sales Market2023-04-03 03:25:30
While the non-fungible token marketplace Blur has captured a significant amount of the market share in terms of NFT sales, the market’s native token, BLUR, lost more than 28% in value last month. At present, BLUR tokens are down more than 88% since the crypto asset’s all-time high recorded on February 14, 2023.
Blur’s Native […]
Saudi Arabia and OPEC Reveal Surprise Oil Production Cut; White House Insists Cuts Aren’t Advisable Right Now2023-04-03 01:21:30
On Sunday, Saudi Arabia and several major oil producers announced their plan to cut oil production by 1.15 million barrels per day, starting in May and continuing until the end of 2023. According to the Saudi Energy Ministry, the move was coordinated with some members of the Organization of the Petroleum Exporting Countries (OPEC) and […]