Two commissioners at the U.S. Securities and Exchange Commission (SEC) are putting their own agency on blast after the regulator batted down another Bitcoin (BTC) exchange-traded fund (ETF) applicatio...
Tag: Bitcoin
Bitcoin price spikes to ‘$26K’ in USDC terms — How high can the BTC short squeeze go?
Bitcoin (BTC) refused to let $20,000 support die for good on March 11 as the weekend opened to a battle for lost ground. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin shakes off ...
Circle’s USDC Reserve Exposure and Potential Risks
Circle is one of the largest issuers of stablecoins, with USDC being the second-largest stablecoin in circulation. As of January 31, 2022, the circulating supply of USDC was $42 billion. Stablecoins a...
Bitcoin Crash: Derivative Traders Lose $202 Million In 24 Hours
The crypto market suddenly turned red on March 10 in the year’s worst sell-off. Bitcoin slipped below $20,000 for the first time in three months, and the market sentiments are bearish. The aftermath o...
South Dakota Governor Vetoes Bill Excluding Cryptocurrencies from State’s Definition of Money
South Dakota Governor Kristi Noem has vetoed House Bill 1193, which aimed to amend the state’s Uniform Commercial Code (UCC) to specifically exclude cryptocurrencies and other digital assets fro...
Bitcoin: Fall of Silicon Valley Bank might be a silver lining for BTC, here’s why
USDC has seen increased swaps as more Bitcoin leaves exchanges. BTC volume reaches almost a three-month high as transactions go up. Fear, uncertainty, and doubt (FUD) about Bitcoin stemming from the c...
Aave DAO Passes Proposal to Recover Lost Tokens
The Aave decentralized autonomous organization (DAO) has passed a proposal called “Rescue Mission Phase 1 Long Executor” to recover lost tokens for some users who mistakenly sent them to certain token...
SEC Rejects VanEck Spot Bitcoin Trust Proposal
The United States Securities and Exchange Commission has denied a proposal by investment manager VanEck for the creation of a spot Bitcoin trust, a financial product that would allow investors to trad...
Judge Expresses Concerns Over Proposed Bail Conditions for Former FTX Founder
Sam Bankman-Fried is a well-known figure in the cryptocurrency industry, having founded FTX in 2019. However, he found himself in legal trouble in 2022, when he was arrested and charged with market ma...
Defunct Crypto Lender BlockFi Has $227 Million in Uninsured Funds with Troubled Silicon Valley Bank
Air pollution is a significant public health concern worldwide, and recent studies have found high levels of air pollution in major cities around the world. The issue is particularly prevalent in deve...
Circle’s USDC Reserves Remain Stuck at SVB, Raises Concerns Over Crypto Stability
Circle is one of the leading issuers of USDC, and the company has been on a mission to make it the preferred stablecoin in the cryptocurrency space. However, recent developments have raised concerns o...
Circle Unable to Withdraw $3.3 Billion from SVB, Causing USDC Sell-Off
Circle is a Boston-based fintech company that provides payments and investment services using blockchain technology. USDC is a stablecoin issued by Circle and Coinbase, pegged to the value of the US d...
Coinbase reassures customers on staking services amid SEC crackdown
In recent years, staking services have become increasingly popular among cryptocurrency investors. Staking refers to the process of holding and locking up a certain amount of cryptocurrency in a walle...
Circle’s USDC Reserve Mishap Leads to Massive Sell-off
In May 2021, Circle, a fintech company that offers payment and trading solutions, revealed that it had discovered a massive discrepancy in its USDC reserves. Silicon Valley Bank, which was responsible...
Bitcoin At A Crossroads: Expert Analyst Warns Of Do-Or-Die Moment For BTC Price
Bitcoin’s future remains uncertain as crypto analyst Cred warns that the cryptocurrency is on the verge of a crash. With a following of over 548,000 on Twitter, His warning has sparked concerns throug...
Nigerian Banks Resume Dispensing Recently Demonetized Naira Banknotes – Bitcoin News
According to local reports, Nigerian financial institutions have begun abiding by a Supreme Court ruling that invalidated the Central Bank of Nigeria (CBN)’s demonetization of the 1,000, 500 and 100-n...
Over $460,000,000,000 in Bitcoin and Crypto Could Evaporate in Worst-Case Scenario, Warns Analyst Benjamin Cowen
Widely followed crypto analyst Benjamin Cowen is identifying a worst-case scenario for the crypto markets as prices spiral downward. In a new strategy session, Cowen tells his 784,000 YouTube subscrib...
Bitcoin, Ethereum Price Rising Despite Bank Woes, Stablecoins Depeg
The crypto market is witnessing a massive crisis as crypto-friendly banks Silvergate, Silicon Valley Bank, and now Signature Bank faces bank runs. The “bank run” driven by depositors withdrawing money...
Central Bank of Bolivia Selling Dollars Directly to Citizens as Devaluation Fears Rise – Economics Bitcoin News
The Central Bank of Bolivia is now selling dollars directly to citizens in order to curb what it is calling a speculative attack that has increased the demand of the population for foreign currency. T...
Bitcoin: relationship between halving and price
In the spring of 2024, the next halving of Bitcoin will take place: what will be the impact on the price of BTC? So far there have already been three halvings, and in all and among cases the price of ...
SignUp Token’s Mystery Captivates Investors As Bitcoin & Ethereum Continue To Dwindle
The crypto market recently went through one of the most terrifying times as most crypto giants crashed, causing potential investors to hold back on their investments. However, as the year advances, th...
Bitcoin Could Plunge To $13k Amid Deterioration In Demand, Silvergate Collapse: JPMorgan
JPMorgan Chase & Co. is a multinational financial services corporation based in the United States. It is the largest bank in the United States and the largest bank in the world in terms of market ...
Blockchain.com Shutters Asset Management Subsidiary Amid Crypto Winter and Industry Turmoil – Bitcoin News
According to reports and a filing that shows its name struck off the U.K. companies’ register list, Blockchain.com is sunsetting its Blockchain.com Asset Management subsidiary. A company spokesperson ...
India Brings Crypto Transactions Under Prevention of Money Laundering Act – Regulation Bitcoin News
India’s finance ministry has announced that crypto transactions will be covered under the Prevention of Money Laundering Act, 2002 (PMLA). Noting that the move “is a positive step in recognizing the s...
SEC denies VanEck Bitcoin spot ETF for a third time; commissioners dissent
Ad The U.S. Securities and Exchange Commission (SEC) has once again rejected VanEck’s proposal for a Bitcoin spot ETF, according to a March 10 filing. SEC rejects VanEck Bitcoin ETF The relevant filin...
CFTC Chair Insists Ether Is a Commodity, Not a Security as Claimed by SEC Chairman – Regulation Bitcoin News
The chairman of the Commodity Futures Trading Commission (CFTC) has insisted that ether is a commodity, not a security as claimed by the chairman of the Securities and Exchange Commission (SEC). The C...
Kazakhstan Shuts Down Crypto Exchange That Transferred $34 Million Through Binance – Exchanges Bitcoin News
Authorities in Kazakhstan have busted an illegal crypto trading platform, seizing over $350,000. The exchange allegedly processed almost $34 million in transactions through wallets on Binance, two of ...
Bitcoin Retests Realized Price, Will Rally Be Saved?
On-chain data shows the Bitcoin price is now making a retest of its realized price, can this help push the asset’s value back up and restart the rally? Bitcoin Is Now Retesting Its Realized Price Of A...
Binance Bans Russians From P2P Transactions With Dollars and Euros – Exchanges Bitcoin News
Cryptocurrency exchange Binance has introduced new restrictions for Russian users, in accordance with the latest European sanctions. The platform is restricting access to peer-to-peer (P2P) transactio...
Crypto Analyst Says Bitcoin in a Do-or-Die Situation, Warns of Crash if Vital BTC Support Level Crumbles
A popular analyst is warning that Bitcoin (BTC) is at a critical moment and may crash if the top crypto asset fails to maintain support at a key price level. Pseudonymous analyst Cred tells his 548,20...
SVB seized by FDIC, Signature bank falls in heavy trade as bitcoin breaks down
The views and opinions expressed here belong solely to the author. Niche banks continue to fall apart. The Silvergate failure is being followed by Silicon Valley Bank (SVB), which collapsed on March 1...
The Time to Sell Bitcoin (BTC) Is Now, Says Peter Schiff
Many cryptocurrencies including Bitcoin are trading at deep losses today. At the time of writing, some top coins including XRP, MATIC, and BNB, are all down by more than 5% in 24 hours, respectively. ...