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Bitcoin Price Prediction as Fed Chair Powell Warns of Higher Than Expected Interest Rates – Will Crypto Prices Crash?
9.3.2023
In the world of cryptocurrency, Bitcoin remains one of the most popular and widely traded assets. Recently, as the Chairman of the US Federal Reserve, Jerome Powell, warned of higher-than-expected interest rates, many investors question whether this will lead to a crash in crypto prices. ...
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Coinbase Launches Wallet-as-a-Service to Bring Millions to Web3
9.3.2023
On March 8, Coinbase announced the launch of its Wallet-as-a-Service (WaaS) product. The WaaS product aims to “bring the next hundred million consumers into Web3 through a seamless wallet-onboarding experience.” The Coinbase WaaS offers wallet infrastructure application programming...
Crypto Stakeholders Say No Exposure to Shuttered Silvergate
9.3.2023
Binance, Coinbase, OKX, and Paxos have all released statements
Biden wants to double capital gains and clamp down on crypto wash sales: Reports
9.3.2023
The Biden administration wants to apply the wash sale rule to digital assets
Stablecoins and Ether are ‘going to be commodities,’ reaffirms CFTC chair
9.3.2023
In the tug-of-war between the US regulators over control of crypto assets, the CFTC chair has triple-downed his stance — that Ether and stablecoins are commodities
UK Widens Crackdown on Unauthorized Crypto ATMs
9.3.2023
Britain’s top financial regulator, the Financial Conduct Authority (FCA), has widened its crackdown on unauthorized cryptocurrency ATMs. “There are currently no crypto ATM operators registered with the FCA, which they must be to operate legally,” the regulator noted. FCA Cracks...
Crypto Sector’s Reserve Reports Can’t Be Trusted, Says U.S. Audit Watchdog
9.3.2023
Proof-of-reserve reports routinely touted by crypto firms to assure customers that their financial transactions are in secure hands shouldn’t be trusted, according to the U.S. organization that oversees auditing standards
Bitcoin Miner Marathon Digital Terminates Credit Facility With Crypto Bank Silvergate
8.3.2023
The miner reduced its debt by $50 million and freed up about $75 million worth of bitcoin that was held as collateral
Breaking News: Crypto-Friendly Silvergate Bank Announces 'Voluntary Liquidation' - A Blow for Crypto Adoption?
8.3.2023
Crypto-friendly US-based bank Silvergate Bank has begun the voluntary process of liquidation, according to a statement issued by the California Department of Financial Protection and Innovation (DFPI). The announcement of Silvergate Bank’s liquidation come just a day after reports surfaced...
Silvergate Bank Announces Voluntary Liquidation as Crypto Industry Woes Persist
8.3.2023
At 4:30 p.m. Eastern Time, Silvergate Bank announced its intention to wind down the crypto-friendly bank’s operations and voluntarily liquidate the company’s assets. The news follows significant financial troubles the bank faced, and the firm’s stock plummeted in value. Details...
FCA officials tell UK parliamentary committee crypto regulation is unavoidable
8.3.2023
The CEO and chairman of the UK’s financial regulator took a grim tone as they discussed crypto regulation, but conceded that they’re the ones who have to do it
Crypto Bank Silvergate Announces 'Voluntary Liquidation'
8.3.2023
The Federal Deposit Insurance Corporation has taken over Silvergate Bank, which saw prominent customers abandon it and its stock price plunge after revealing it faced regulatory scrutiny and had to sell assets to pay off loans
Ethereum Co-Founder Vitalik Buterin’s Address Sells Trillions of Airdropped Tokens, Causes Illiquid Coin Prices to Plummet
8.3.2023
On March 7, onchain observers noticed that Vitalik Buterin, the co-founder of Ethereum, had allegedly sold billions and trillions of airdropped ERC20 tokens, resulting in a gain of an estimated $700,000 in value. The market liquidity of the airdropped tokens was shallow, and the relatively unknown...
Pension Fund-Backed Parataxis Capital Shakes Off Crypto Winter With New Fund
8.3.2023
The fund employs a long/short relative value trading strategy, and will launch with $25 million to $50 million in capital
Breaking barriers: Meet 7 women shaping the future of crypto and Web3
8.3.2023
Cointelegraph spoke with women from different backgrounds, projects, countries, and generations about career, diversity, and their journeys in crypto
Crypto bill draft will be released in April, says Senator Gillibrand
8.3.2023
The Lummis-Gillibrand bill is expected to offer regulatory clarity for many crypto projects and determine whether they fall under the purview of the SEC or CFTC
Crypto Trading Protocol Vertex Eyes Institutional Traders on Arbitrum
8.3.2023
“You can never scale the way we’re planning to scale if you’re just" automatic market maker-driven, co-founder Darius Tabatabai said
Embattled Crypto Lender Celsius Allocates $25M for Withdrawals, Burns $500M in WBTC
8.3.2023
Celsius Network established a crypto wallet with $25 million of crypto assets for the lender’s custody account holders to withdraw, Arkham Intelligence said in a report. Eligible customers have withdrawn some $17.7 million of crypto assets, the firm’s chief executive said in a Wednesday court...
UK’s FCA Can’t Protect Crypto Investors From Losses, Says Agency’s CEO
8.3.2023
Nikhil Rathi made the remarks in testimony in front of the Treasury Select Committee on Wednesday
Best Crypto to Buy Today 8 March – LHINU, CFX, FGHT, IMX, METRO, CCHG
8.3.2023
The cryptocurrency market, including Bitcoin, experienced a decline after Federal Reserve Chairman Jerome Powell's testimony to Congress on Tuesday, indicating the need for higher interest rates to tackle inflation amid the quick bounce back of the US economy from the pandemic.
As Bitcoin hovers...