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Bitcoin Price Outlook for March
10.3.2023
There are only ten days into March, and volatility in the crypto markets has heightened, with both bitcoin and ethereum falling to two-month lows. A collapse in Silvergate Bank was one of the major catalysts leading to this month’s bearish sentiment, which now sees bitcoin trading under...
Crypto Wallets Withdraw $902M USDC From Centralized Exchanges in Past 24 Hours Amid SVB, Silvergate Shutdowns
10.3.2023
$11.4 billion of USDC reserves are held in the form of cash at Reserve Banks, which include the two members of the Federal Reserve System
Signature Bank Considered a Buy as Last Major Bank Standing in Crypto Market Amid Silvergate and SVB Troubles
10.3.2023
Amid the demise of Silvergate Bank and the troubles faced by Silicon Valley Bank (SVB), market analysts believe Signature Bank (SBNY) may be a buy as it’s considered the “last game in crypto-town,” according to Wells Fargo equity analyst Jared Shaw. Silvergate’s liquidation...
South Dakota gov vetoes bill excluding crypto from definition of 'money'
10.3.2023
The bill, criticized by many conservatives, proposed amending the state’s Uniform Commercial Code to specifically exclude digital assets — with the possible exception of CBDCs
What does the Silvergate collapse mean for crypto?
10.3.2023
The recent collapse of crypto-friendly bank Silvergate will likely increase regulatory scrutiny on the ties between the crypto industry and the banking sector in the U.S
US senators write to banking regulators about potential crypto discrimination
10.3.2023
The four Republican senators sense hints of the Obama administration’s Operation Choke Point that used regulation against disfavored industries
Best Crypto to Buy Today 10 March – LHINU, KAVA, FGHT, ATOM, METRO, KLAY, CCHG
10.3.2023
Bitcoin has fallen below the $20,000 mark for the first time since early January, following a significant sell-off that began late Thursday and extended into Friday morning. This comes as the broader cryptocurrency market experienced a sell-off driven mainly by negative news.
With Bitcoin trading...
The Cryptocurrency Betting Revolution on Wintop․io
10.3.2023
Since December 2022, Wintop.io has been strongly growing into the crypto world. A new vision of the betting industry, combining crypto and the most exciting casino and sport games, is now available on https://www.wintop.io/ with a wide variety of bonuses and promotions, for all the types...
Biden Budget Proposal Targets Crypto Investors Using Like-Kind Exchange Provision; Plan Aims to Tax Crypto Miners 30%
10.3.2023
On Thursday, the Biden administration released the U.S. president’s 182-page budget proposal for the fiscal year 2024, which aims to “grow the economy from the bottom up and middle out.” The budget includes an $835 billion increase in military spending, but the administration...
How US Judges Might Save Crypto from the SEC
10.3.2023
Separation-of-powers offers hope to the crypto industry, which is under attack from unchecked executive power. Two separate courtrooms in which judges, guided by an impartial legal framework, eschewed that popularist mode of judgment and instead considered the SEC’s claims against the facts...
Biggest Movers: DOGE Down 10%, Falling to Lowest Point Since October
10.3.2023
Dogecoin fell to its lowest level since October, as cryptocurrency prices plunged during Friday’s session. Overall, the global crypto market cap dropped by nearly 9% today, which seems to have been triggered by yesterday’s liquidation of Silvergate bank. Litecoin has been another...
Today in Crypto: Tender.fi Hacker Returns Stolen Funds, Hedera Confirms Exploit and Turns Off Mainnet Proxies, Meta Mulling Decentralized Text-based App
10.3.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: Tender.fi Hacker Returns Stolen Funds, Hedera Confirms Exploit and Turns Off Mainnet Proxies, Meta Mulling...
New York Attorney General Alleges Ethereum Tokens are Securities in Lawsuit Against KuCoin Crypto Exchange – Crypto Clampdown Incoming?
10.3.2023
New York Attorney General Letitia James referred to Ethereum’s native ETH token and other cryptocurrencies as “securities and commodities” in a statement issued in relation to her lawsuit against crypto exchange KuCoin.
In the statement, Attorney General James said KuCoin has facilitated trading...
Banks Shouldn’t ‘Punish’ Crypto Industry, Republican Senators Urge
10.3.2023
A crackdown on digital assets companies is reminiscent of “choke point” targeting of gun sales, Fed Governor Jerome Powell was told
S Korean Regulator Launches Crypto Trading Platform Probe – Which Exchanges Are Involved?
10.3.2023
South Korea’s top financial regulator, the Financial Services Commission (FSC), has begun a “comprehensive inspection” of the nation’s crypto exchanges.
Per Decenter, Financial Services Commission (FSC) specifically wants to probe the 20 trading platforms that do not have licenses to trade fiat...
How Taxes Work With Crypto Trading Bot?
10.3.2023
The Basics of Crypto Taxes Crypto Taxes differ based on using cryptocurrencies, buying and selling cryptocurrencies, and various automated crypto bots for trading cryptos. Crypto Taxes fall into Capital Gains Tax and Ordinary Income Tax. Capital Gains Tax: Capital Gains Tax will be infused upon...
Replacing Silvergate’s Network Is a Challenge for Crypto Industry: JPMorgan
10.3.2023
Some of the services provided by Silvergate will migrate to other banks such as Signature Bank, Provident Bancorp, Metropolitan Commercial Bank and Customers Bancorp, the report said
Silicon Valley Bank Rocks Crypto and Equity Markets Ahead of Nonfarm Payrolls
10.3.2023
Pressure on the U.S. banking system is questioning whether the Fed can push ahead with such an aggressive tightening cycle, analysts at ING said
Russian AML Regulator Says It’s Monitoring 25,000 Crypto Users – Here’s How
10.3.2023
The top Russian anti-money laundering regulator says that it is “monitoring” over 25,000 crypto users – and claims it has sophisticated tools that let it detect illegal activities.
Per Finam, Yury Chikhanchin, the head of the Federal Financial Monitoring Service (Rosfinmonitoring) recently held...
Blockchain.com Announces Closure of Crypto Asset Management Arm in London Following Market Challenges
10.3.2023
Major crypto platform Blockchain.com is closing its London-based crypto asset management arm less than a year after its launch.
Ongoing market challenges - including price crash(es), exposures to collapsed companies, legal woes, and regulatory scrutiny - have had a significant impact on the entire...