[Mar 16, 2023 8:00 AM] Digital financial assets (DFAs) for a total exceeding $26 million have been issued in Russia in the past year. This new market has been developing since it was regulated in 2021 and the country’s monetary authority started licensing issuers in the…
[Mar 16, 2023 6:30 AM] Just a few days ago, the cryptocurrency market soared at the peak of a banking crisis in the United States. However, it appears the rally has halted as the global cryptocurrency market declined and has reflected in most coin prices. But despite the…
[Mar 15, 2023 5:00 PM] Following the closure of Silicon Valley Bank (SVB), the value of the world’s fifth-largest cryptocurrency, USD Coin (USDC), plummeted to an all-time low on Saturday. The U.S.-based company behind the coin, Circle, revealed that $3.3 billion…
[Mar 15, 2023 4:00 PM] Cardano had attempted to recover on its chart in the past week, but the bulls could not sustain the attempted upward movement. Over the last 24 hours, ADA dipped close to 9%, and in the previous week, it registered a loss of 1%. At the moment, ADA…
[Mar 15, 2023 2:25 PM] Bitcoin price is trading at $24,000 at the moment, and only recently held a retest of $20,000. Yet within weeks, Bitcoin price could double to more than $40,000 in a flash. Here is a closer look at the technical combination that has in the past…
[Mar 15, 2023 12:00 PM] Over the past trading sessions, Ethereum has managed to appreciate and topple over the $1,600 price zone. At the moment, the altcoin might be displaying consolidated price action. In the past week, the coin has jumped by nearly 8%, which has made…
[Mar 15, 2023 6:30 AM] Some crypto-friendly top banks have crashed due to regulatory uncertainty, market downtrend, and shortage of operational funds. The three banks that sent the digital asset market into a downtrend were Silvergate, Silicon Valley, and Signature bank…
[Mar 15, 2023 3:30 AM] Bitcoin price declined on Tuesday afternoon, reversing the day’s early gains, as the broader crypto market reacted to the latest financial sector crisis and inflation data headlines. Bitcoin (BTC) was trading at $24,833 at the time of…
[Mar 15, 2023 1:30 AM] U.S. tech giant Meta is giving up on operations with non-fungible tokens (NFTs) amid ongoing turbulence in the crypto space. The company allowed creators to share digital collectibles on its leading social media platforms last year. Meta Platforms…
[Mar 14, 2023 5:03 PM] Bitcoin, like many other cryptocurrencies, has taken a beating during the most recent crypto winter. But with spring right around the corner, the crypto market is heating up. BTCUSD was rejected after briefly making it above $26K per coin today…
[Mar 14, 2023 3:00 PM] Bitcoin (BTC) has significantly recovered from its recent 20% drop below the $20,000 level. It is now reaching previously lost levels with strong buying pressure amid the financial crisis in the United States banking sector. The industry’s…
[Mar 14, 2023 11:00 AM] The United States Federal Reserve (Fed) is sitting on a $1.2 trillion loss on its $8.3 trillion bond portfolio. Is The FED Failing? Out of their bond portfolio, the United States central bank is losing money by paying commercial banks via reverse…
[Mar 14, 2023 7:10 AM] After the Bitcoin made a massive rally of over 20% in the wake of the banking crisis in the United States, all eyes were on the new inflation data in the US today. The release of the Consumer Price Index (CPI) for February came from the US Bureau…
[Mar 14, 2023 6:53 AM] Bitcoin price has been on a tear since last Friday, with the top cryptocurrency by market cap rebounding nearly 30% from Friday’s lows. The recovery has now set a new 2023 record, pushing above $26,000 and making a new high for the year…
[Mar 14, 2023 4:10 AM] Barney Frank, the director of Signature bank and a former congressman who helped draft the Dodd-Frank Act, has stated that the lender is solvent and that there was “no real objective reason” for the bank to be closed. He said regulators…
[Mar 14, 2023 3:08 AM] The Bitcoin price has increased over the past week as a result of the escalating banking crisis in the United States and the federal government’s efforts to mitigate its effects. Bitcoin (BTC) was able to breach the $24,000 barrier on…
[Mar 14, 2023 1:14 AM] The price of Conflux (CFX) increased for the second consecutive day as cryptocurrencies rebounded amid the ongoing crisis hounding the banking sector. Binance reports that CFX is the top-performing cryptocurrency on Monday. CFX achieved a peak of…
[Mar 13, 2023 3:00 PM] A day to the FVM launch, and Filecoin is already pulling weight. The upcoming Filecoin Virtual Machine (FVM) launch is sparking more traction in the Filecoin network as FIL soars nearly 30% a day before launch. According to the Filecoin development…
[Mar 13, 2023 12:30 PM] In the financial crisis that has engulfed the U.S. banking system and the global economy, Bitcoin (BTC) thrived over the weekend. The cryptocurrency surpassed the $23,000 level and seems poised to take by storm the lost territory at $25,000. After…
[Mar 13, 2023 10:33 AM] Bitcoin price gained more than 20% since last Friday, when the top cryptocurrency by market cap retested $20,000, briefly falling below the level. The calm before the storm might be starting to break, with BTC about to unleash a powerful rally…
[Mar 13, 2023 6:40 AM] The crypto industry has seen a series of closures among the banks lately. First, Silvergate Capital Corporation closed shop, announcing that it would liquidate its bank. Then Silicon Valley bank followed suit, recording a massive decline in its…
[Mar 12, 2023 11:30 PM] The Central Bank of Russia has added another entity to its register of authorized issuers of digital financial assets. The platform, called ‘Masterchain,’ becomes the fifth ‘information system operator’ in the country that can legally tokenize…
[Mar 12, 2023 4:30 PM] Crypto exchange Binance has organized training courses for representatives of law enforcement authorities in Ukraine. The leading coin trading platform has been involved in dozens of similar initiatives over the past year, in a number of countries…
[Mar 12, 2023 8:30 AM] On Saturday, several centralized crypto trading platforms and payment processors stopped USDC auto conversions. However, USDC experienced a significant trading volume on decentralized exchange (dex) platforms such as Uniswap, Curve, and…
[Mar 12, 2023 2:30 AM] A draft law designed to regulate crypto mining in Russia introduces harsh penalties for miners failing to report digital assets to the state. In its latest revision, the bill also threatens to punish those who organize illegal trading of…
[Mar 11, 2023 11:30 PM] Use of cryptocurrencies is increasing in Russia, the head of the country’s financial watchdog has informed President Putin. The agency, Rosfinmonitoring, is following thousands of participants in digital asset transactions with a new…
[Mar 11, 2023 10:00 PM] Shiba Inu is among the tokens that use a burning mechanism. It has continually burnt millions of SHIBs to balance its demand and supply, sometimes pushing the price slightly. The network removed 490 million SHIBs in one day in this latest burn. One…
[Mar 11, 2023 8:00 PM] Even with the Securities and Exchange Commission’s position on staking, Coinbase, the popular crypto exchange, has assured its customers of continuing the service on its platform. In its email, the exchange promised that the staked amounts…
[Mar 11, 2023 12:30 PM] On March 11, 2023, the decentralized finance project Makerdao issued an emergency proposal following the USDC depegging incident that saw the stablecoin dip down to $0.877 per unit. At the time of writing, Makerdao commands $3.1 billion in USDC…
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