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Digital Assets Worth 2 Billion Rubles Issued in Russia in Less Than a Year
16.3.2023
Digital financial assets (DFAs) for a total exceeding $26 million have been issued in Russia in the past year. This new market has been developing since it was regulated in 2021 and the country’s monetary authority started licensing issuers in the following year. Volume of Digital Assets Increases...
Bitcoin, Ethereum Technical Analysis: BTC Moves Briefly Back Above $25,000
16.3.2023
Bitcoin briefly moved back above $25,000 on Thursday, as markets rebounded from a volatile session the day prior. The potential collapse of Credit Suisse was somewhat averted, following an intervention from the Swiss National Bank, which has helped calm markets. Ethereum mostly consolidated...
India’s ED takes a $115.5 million dig at the crypto market
16.3.2023
The Enforcement Directorate of India has taken a step to seize $115.5 million in the crypto sphere under the speculation of money laundering cases. A few crypto ventures may have been spooked, but the measure ensures that the interests of investors and crypto platforms are safe at every step. As...
Cathie Wood's Ark Launches Private Crypto Fund, Raises $16.3 Million – New Bull Market Imminent?
16.3.2023
Cathie Wood's Ark Investment has raised more than $16 million for two new private crypto funds as digital assets resume rally despite increasing regulatory pressure.
According to recent filings with the U.S. Securities and Exchange Commission, Ark Invest has raised $16.3 million for a crypto fund...
First Mover Asia: Bitcoin Dips Below $25K as Market Debates Liquidity
16.3.2023
ALSO: CoinDesk's Shaurya Malwa writes that higher-than-usual market volatility affected bulls and bears alike as crypto futures racked up $300 million in liquidations over a 24-hour period earlier this week
Strategist Warns Credit Suisse Next to Collapse — Says ‘There’s a Run on the Bank’
16.3.2023
Market strategist Greg Foss has predicted that Credit Suisse will be the next major bank to collapse, citing capital trouble and a run on the bank. The Swiss banking giant has also identified “material weaknesses” in its financial reporting controls. Its shares plunged on Wednesday...
Tether Market Cap Rises by 10% Following Stablecoin Meltdown – Can it Maintain the Lead?
15.3.2023
The market capitalization of the popular stablecoin tether (USDT) has risen as other stablecoins, including Circle’s USD coin (USDC) and MakerDAO’s DAI briefly lost their pegs over the weekend.
As a result of the increase in marketshare for tether, Binance USD (BUSD), a stablecoin issued...
Bitcoin Becomes 12th Largest Asset Worldwide by Valuation, Surpassing Visa
15.3.2023
After dropping below $26,000 per unit, the price of bitcoin, the leading digital asset by market capitalization, is still up 9.6% since last week. However, its price has decreased by 6.5% in the last 24 hours. Out of the 7,316 companies, crypto assets, precious metals, and exchange-traded funds...
Biggest Movers: ATOM, SOL Remain Close to Multi-Week Highs, as Markets Consolidate Recent Gains
15.3.2023
Cosmos climbed by as much as 5% in Wednesday’s session, as the token remained close to a multi-week high. Cryptocurrency markets consolidated recent gains in today’s session, with the global market cap down by 0.24% as of writing. Solana continued to trade above $20.00, as prices...
Primary vs. secondary markets: Key differences
15.3.2023
Primary and secondary markets differ in securities, pricing, risk, volume, liquidity, timeframe and more
What is crypto contagion, and how does it affect the market?
15.3.2023
Learn about crypto contagion, its impact on the market and how to protect yourself as a stakeholder
Bitcoin, Ethereum Technical Analysis: BTC Hits 9-Month High, as ETH Moves Above $1,700
15.3.2023
Bitcoin briefly surged to a nine-month high late on Tuesday, as prices moved above the $26,000 mark. Although prices have since declined, overall sentiment remains bullish following the latest U.S. inflation report. Consumer prices fell to 6% last month, with ethereum climbing above $1,700 as...
Bitcoin Options Market Still Afraid of USDC Volatility
15.3.2023
The options market is still valuing options that settle in the underlying rather than in USDC at a relative premium due to a continued concern of a further depeg, one observer said
Crypto Firm Anchorage Digital to Lay Off 20% of Staff Citing US Regulatory Uncertainty – Here's What You Need to Know
15.3.2023
Anchorage Digital, a crypto bank based in San Francisco, is making substantial staff cuts in response to the current downturn in the crypto market and regulatory uncertainty in the United States.
According to Bloomberg, the company is laying off 75 employees, or roughly 20% of...
Central Bank Digital Currency Transactions to Reach $213 Billion Annually by 2030, Research Shows
15.3.2023
A new study shows that payments via central bank digital currencies (CBDCs) are expected to reach $213 billion annually by 2030. Furthermore, 92% of the total value transacted via CBDCs will be paid domestically, the research found. $213 Billion Annually Research and market intelligence firm...
On-chain Indicators Scream Bitcoin Bull Market as the BTC Price Roars Back
15.3.2023
Bitcoin’s latest resurgence, which saw the world’s largest cryptocurrency by market capitalization hit a new nine-month high in the mid-$26,000s on Tuesday, has been accompanied by a number of key technical and on-chain indicators roaring back to health and once again send a bullish...
US Inflation Data Eases Concerns; Crypto Economy Jumps 11% Higher While Market Analysts Anticipate Fed’s Next Decision
14.3.2023
The U.S. Labor Department released the consumer price index (CPI) report on Tuesday. Although inflation increased in February year-over-year, the rise was expected, and the annual inflation rate for all items was 6%. The cooling inflation has eased some concerns, but fears of financial contagion...
Banks collapsing; stablecoins depegging — What is happening? Watch The Market Report live
14.3.2023
On this week’s episode of The Market Report, Cointelegraph’s resident experts explain what is going on with banks collapsing, stablecoins depegging and what you should do to stay safe
Biggest Movers: LTC Back Above $80, DOGE Extends Gains Following Inflation Report
14.3.2023
Litecoin rose by as much as 15% in Tuesday’s session, as markets reacted to the latest inflation report from the United States. Figures from the monthly Consumer Price Index showed that inflation has fallen to 6% in February, down from 6.4%. Dogecoin was also higher on the news, extending...
Bitcoin, Ethereum Technical Analysis: BTC Nearing $25,000 as Banks Face Exodus of Deposits
14.3.2023
Bitcoin moved closer to $25,000 on Tuesday, as banking withdrawals rose following the collapse of Signature Bank and Silicon Valley Bank. Reports suggest that withdrawals at the likes of JPMorgan and Citibank are nearing a ten-year high. First Republic Bank has been another major firm to fall, with...