Whale sells 1,010 NFTs in 48 hours in ‘largest NFT dump ever’
With the Blur marketplace set for a second airdrop soon, Nansen’s Andrew Thurman theorized that this major NFT dump could be a play to reap extra BLUR token rewards while also booking some profits.
IMF Board Offers Guidance for Developing Effective Crypto Policies
The executive board of the International Monetary Fund (IMF) has provided guidance for member countries to develop effective crypto policies. The board stressed the need to develop comprehensive crypto regulations to “better mitigate the…
US Regulators and Federal Reserve Issue Joint Warning About Crypto Liquidity Risks
U.S. regulators and the Federal Reserve have issued a joint warning about key liquidity risks associated with crypto assets. However, the regulators clarified that banks “are neither prohibited nor discouraged from providing banking services…
Citizens Trust Bank to Hold $65 Million in USDC Reserves as Circle Expands Bank Partnerships
On Friday, the cryptocurrency firm and stablecoin issuer Circle announced that the financial institution Citizens Trust Bank will hold $65 million in usd coin cash reserves. Circle said the move is part of the company’s plan to allocate…
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Sam Bankman-Fried's lawyers request extension for bail condition proposal
According to the legal team representing Sam Bankman-Fried, prosecutors had no objections to continuing his bail conditions until the firm could choose a suitable technical expert.
Commodity Strategist Mike McGlone Predicts a Recession as Top Catalyst for Gold’s Rise Above $2,000
This week, Bloomberg Intelligence senior macro strategist Mike McGlone shared his March outlook and noted that the “top catalyst” that could push gold above the $2,000-per-ounce range is a recession. McGlone further explained in an…
Regulators have been slow to act on cryptocurrency, according to Jonathan Reichental, and they’ve often missed the mark. Hopefully, their approach will evolve in the years ahead.
Will VeChain Price Orchestrate Another Leg Up Anytime Soon?
VeChain almost shot up 50% during the beginning of the year. Over the last week, the altcoin maintained a bullish stance with a 17% appreciation, but VET fell by over 6% on the daily chart. The coin is correcting itself on its chart now. The…
DeFi ‘fragility’ causes and cures explored in highly technical Bank of Canada study
Researchers affiliated with Canada’s central bank identified weak points in DeFi lending protocols and reported on the potential they saw for mitigating them.
NFT Sales Soar 138% in Past Week, Blur Market Dominates This Week’s ETH-Based NFT Sales
Non-fungible token (NFT) sales have soared this past week, climbing 138.15% higher than the week before. Sales recorded between last Friday and Feb. 24, 2023, indicate that $801 million in NFT sales have been settled over the last seven days…
Bulls Have To Defend This Level To Prevent Cardano From Sliding Further
Due to recent losses, the Cardano price is moving within a descending channel. Over the last 24 hours, the ADA price fell by 2%, and the altcoin price has failed to progress in the past week. The bears have maintained control of Cardano for the…
What’s Next As Uniswap Price Moves Closer To Key Support Line?
The Uniswap price has noted significant appreciation since the beginning of this year. Over the past week, UNI managed to move up by 6%. In the last 24 hours, however, the altcoin registered a 2.2% fall. At the moment, the altcoin was trading very…
Crypto Policy: Kenyan Senate Ready to Engage Central Bank
The Kenyan Senate’s Information, Communication and Technology committee has said it is ready to engage the Central Bank of Kenya (CBK) and other stakeholders in shaping the country’s policy towards crypto assets and virtual asset…
FATF agrees on roadmap for implementation of crypto standards
Part of the FATF's ‘Travel Rule’ includes recommendations that financial institutions obtain information on the originators and beneficiaries of certain crypto transactions.
Bitcoin Decline Ahead? Bearish Crossover Forms In This Metric
The Bitcoin taker buy/sell ratio is currently forming a crossover that has led to the price of the asset observing a decline in the past. Bitcoin Taker Buy Sell Ratio Moving Averages Are Crossing Over As pointed out by an analyst in a CryptoQuant…
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XTZ Gains 16% As Tezos Foundation Announces Partnership With Google Cloud
The crypto market has held a rather stable position in the last week, with many assets showing no significant price changes. In the midst of this quietness, a few assets like Tezos(XTZ) have been able to generate some excitement, recording positive…
Eclipse to Launch Rollup Blockchain for Polygon Network with Solana Compatibility
Customizable rollup provider Eclipse announced that the startup is launching a scaling solution that is compatible with Solana and Polygon. Eclipse disclosed that the Layer 2 blockchain can run smart contracts on Solana, and decentralized…
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