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 th...
Category: Crypto
Live Crypto News Updates.
White House Proposes New Measures Ensuring Safety in the Crypto Market
In response to the market vulnerability, the White House announces safety plans for the investors. The action comes in light of major frauds exposed over time, including the infamous FTX collapse.&nbs...
What are Crypto Wallets? Top 5 Crypto Wallets to Choose From
Crypto wallets are digital tools enabling users to store and manage digital assets. Crypto wallets are essential tools for anyone who owns digital assets. Introduction to Crypto Wallets Crypto wallets...
Crypto-Friendly Silvergate Bank to Wind Down Operations
On Wednesday, March 8, Silvergate Corporation (NYSE: SI) – the parent firm of troubled crypto-friendly bank Silvergate Capital, announced its intentions to wind down the operations as well as liquidat...
Biden to propose changing crypto tax rules: WSJ
U.S. President Joe Biden will propose changes to crypto taxation in an upcoming budget, according to a report from the Wall Street Journal on March 8. That report says that Biden will modify taxes on ...
Nansen Launches Data Platform for Crypto Investors and Projects
Blockchain analytics platform Nansen announced the launch of Nansen Query, a new solution designed to offer a comprehensive data solution to crypto-focused teams and projects. In a press release share...
Crypto Bank Silvergate Will Shut Down Amid Financial Peril
Topline California crypto banking giant Silvergate Capital announced Wednesday it is ending operations and liquidating its Silvergate Bank, sending its stock price plummeting, following a months-long ...
Crypto Sector’s Reserve Reports Can’t Be Trusted, Says U.S. Audit Watchdog
These verifications of assets take a simple snapshot and “do not address the crypto entity’s liabilities, the rights and obligations of the digital asset holders, or whether the assets have been borro...
Silvergate Capital will liquidate after crypto collapse wipes out bank
Silvergate Capital (SI) said Wednesday afternoon it will wind down operations and voluntarily liquidate its bank after a collapse in the crypto market saw billions in deposits leave the bank in recent...
Silvergate Short Bets Amass $780 Million Payday as Crypto Bank Sinks
(Bloomberg) — Short sellers are making a fortune by loading up on bets against struggling crypto-friendly bank Silvergate Capital Corp. Most Read from Bloomberg Shares have plunged roughly 98% f...
‘Crypto Friendly’ Bank Silvergate to Wind Down Operations
Blaming “recent industry and regulatory developments,” crypto-friendly bank Silvergate announced today that it is winding down operations. According to a Wednesday press release by Silverg...
Bitcoin Miner Marathon Digital Terminates Credit Facility With Crypto Bank Silvergate
Marathon said that on March 8, the term loan prepayment was completed, and the company’s credit facilities with Silvergate Bank were terminated, reducing its debt by $50 million, according to a statem...
Crypto-focused Silvergate Bank to shut down operations
Silvergate Bank decides to liquidate its assets and close shop The bank claims it will make full repayment on deposits The cryptocurrency market sees another player close business. Silvergate Bank, th...
Silvergate Bank Announces Voluntary Liquidation as Crypto Industry Woes Persist – Bitcoin News
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 finan...
Expect Volatility on the Crypto Markets, Say Experts
BeInCrypto spoke to crypto market experts about what to expect for the rest of Q1 and Q2. Two themes were clear: expect volatility and look to the fundamentals. 2023 has been a wild ride for investors...
FCA officials tell UK parliamentary committee crypto regulation is unavoidable
Officials of the United Kingdom’s Financial Conduct Authority (FCA) appeared before the House of Common’s Treasury Committee on March 8 to discuss the agency’s work. Among the issues raised was crypto...
Missouri Moves Closer to Legally Protecting Crypto Mining
In a win for crypto miners, a bill to protect home and corporate mining operations has passed its committee vote and moves forward in the Missouri state government. The “Digital Asset Mining Pro...
Crypto Bank Silvergate Announces ‘Voluntary Liquidation’
As a result, major crypto clients announced they would suspend their relationship with the bank, and its stock price fell 58% in intraday trading to an all-time low of $5.72 – down over $115 over the ...
Pension Fund-Backed Parataxis Capital Shakes Off Crypto Winter With New Fund
Parataxis was able to avoid exposure to FTX’s collapse due to its policy of not trading on offshore exchanges, said Chin, and didn’t face a rush of redemptions from investors. Though crypto is o...
Ethereum Co-Founder Vitalik Buterin’s Address Sells Trillions of Airdropped Tokens, Causes Illiquid Coin Prices to Plummet – Bitcoin News
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 $700,0...
Meet 7 women shaping the future of crypto and Web3
Women have been part of the crypto space since its genesis, developing projects, communities and brands, as well as tackling many trenches that this emerging industry demands. Yet, they have been less...
Gemini issues statement on JPMorgan cutting ties with crypto exchange
Gemini claimed all is well between the crypto exchange and the banking giant The report comes in days after US federal regulators issued a warning to banks Gemini – a leading American-based crypto exc...
Ethereum (ETH)-Based DeFi Altcoin Tumbles As Coinbase Announces Delisting
An Ethereum-based (ETH) altcoin is free-falling as the largest US-based crypto exchange platform by volume announces its delisting. In a new announcement, Coinbase says that it’s going to be delisting...
ARK Invest’s Cathie Wood Doubles Down on Crypto With Large Coinbase and Robinhood Stock Purchase
Cathie Wood’s ARK Invest has added nearly 50 thousand Coinbase (COIN) shares to its portfolio and more than a million shares of Robinhood (HOOD). ARK Invest scooped up 47,568 more shares of COIN on Ma...
Crypto bill draft will be released in April, says Senator Gillibrand
According to United States Senator Kirsten Gillibrand, a new draft of the bipartisan crypto bill pioneered by herself and Senator Cynthia Lummis will be released to the new Congress after being deferr...
Best crypto memes of the day – March 8th – Cryptopolitan
Ibiam Wayas Ibiam is an optimistic crypto journalist. Five years from now, he sees himself establishing a unique crypto media outlet that will breach the gap between the crypto world and the general p...
FCA Enforces Shut Down of Unregistered Crypto ATMs in UK
The U.K. Financial Conduct Authority (FCA) is taking action again against illegally-operating crypto ATMs, this time in East London. Last month, the agency conducted a similar operation in Leeds. The ...
Top crypto tweets of the day – March 8th – Cryptopolitan
Ibiam Wayas Ibiam is an optimistic crypto journalist. Five years from now, he sees himself establishing a unique crypto media outlet that will breach the gap between the crypto world and the general p...
Consumer confidence in crypto remains high despite fallout from FTX
Ad A new study by the blockchain infrastructure company Paxos shows that crypto owners see cryptocurrency as an investment and desire mainstream financial service providers to offer products and servi...
Coinbase Says It’s Time To ‘Update the System’, Makes Case for Crypto To Replace Traditional Finance
Top US crypto exchange Coinbase is making the case that it’s time for the nascent industry to take over the existing traditional financial system. In a new Twitter thread, Coinbase notes that if all t...