Stablecoins Need to Be Regulated Like Commercial Bank Money, Bank of England's Andrew Bailey Says
[Apr 12, 2023 9:03 AM] The central bank governor also said regulators can't rule out central bank digital currencies.
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US Consumer Price Index Rises 0.1% in March, Annual Inflation up 5% From Last Year
[Apr 12, 2023 8:31 AM] On Wednesday, the U.S. Bureau of Labor Statistics published the Consumer Price Index (CPI) report, which noted that inflation rose 0.1% last month in March and 5% from a year ago. Annual inflation has dropped for nine consecutive months following…
Warren Buffett Calls Bitcoin a 'Gambling Token'
[Apr 12, 2023 8:27 AM] Berkshire Hathaway's chairman and CEO said bitcoin "doesn't have any intrinsic value ... but that doesn't stop people from wanting to play the roulette wheel."
SEC Advisory Group Backs Gensler’s Crypto Efforts but Asks for Industry Guidance
[Apr 12, 2023 8:22 AM]
Companies Behind Azuki NFTs and Line Friends Characters Join Forces for Web3 Expansion
[Apr 12, 2023 8:00 AM] Chiru Labs, the Web3 startup behind NFT projects Azuki and BEANZ, is partnering with IPX, the firm known for the colorful LINE FRIENDS characters that originally began as stickers for the LINE messaging app.
FTX Free to Explore Sale of Europe Arm, Swiss Court Decides
[Apr 12, 2023 7:06 AM] The firm said FTX Europe AG, the holding company of its European business, filed a petition for a Swiss moratorium proceeding, which was granted on Tuesday.
U.S. CPI Inflation Rises 0.1% in March, Slower Than Forecasts for 0.2%
[Apr 12, 2023 6:40 AM] Bitcoin rose/fell to $XX,XXX in the minutes following the report.
Ether-Bitcoin Ratio Likely to See Deeper Decline After Shapella Upgrade: QCP Capital
[Apr 12, 2023 6:28 AM] Ether has underperformed bitcoin in the lead up to the Shapella upgrade, resulting in a 13.7% year-to-date decline in the ETH/BTC ratio.
Glassnode Estimates $300M Ether May Be Sold After Shanghai Upgrade
[Apr 12, 2023 5:06 AM] Two major Ethereum network upgrades that are expected to occur simultaneously on April 12 will allow investors to withdraw their ether staked on the Ethereum blockchain.
Trading Firm Sees Bullish Signs as Bitcoin Open Interest Surges to Highest Level Since FTX Crash
[Apr 12, 2023 5:04 AM] Bitcoin open interest across crypto derivative exchanges has surged to $10 billion, a five-month high after leveraged subsided in the wake of FTX's collapse in November.
Here Is What Institutions Are Saying About Ethereum's Shanghai Upgrade
[Apr 12, 2023 3:58 AM] Analysts differ on the amount of ether (ETH) selling pressure that could result from the Ethereum blockchain’s Shanghai upgrade, scheduled for later today. The Shanghai upgrade (aka Shapella), will enable validators to withdraw staked ether and…
China's 'Credit Impulse' Is Picking Up. Here's Why It Matters to Bitcoin
[Apr 12, 2023 3:08 AM] Previous instances of renewed upticks in China's credit impulse portended major bullish trends in bitcoin.
U.S. Banking Crisis May Be Vindication for Crypto Ecosystem: JPMorgan
[Apr 12, 2023 3:04 AM] Bitcoin rallied in tandem with gold as they are both viewed as hedges to a catastrophic scenario, the report said.
EU-Funded Report Calls for Crypto ID Checks, Police Training to Combat Darknet Markets
[Apr 12, 2023 2:48 AM] Law enforcement can learn how to track illicit activity, but outright crypto bans aren’t effective, a report commissioned by the EU's monitoring body for drugs concluded.
FTX Will Receive All of Ren Protocol's Pegged Assets, Including Bitcoin and Dogecoin
[Apr 12, 2023 1:08 AM] FTX’s sister company Alameda Research had previously acquired Ren to provide long-term funding before shutting down.
Ethereum’s Shanghai Upgrade Only a Small Step Forward: Bank of America
[Apr 12, 2023 12:48 AM] The blockchain’s likely inability to increase throughput in the short term and increasing competition from alternative networks will constrain its adoption and usage, the report said.
G-7 Will Focus on Helping Developing Nations Introduce CBDCs
[Apr 12, 2023 12:34 AM] The Group of Seven (G-7) advanced nations will prioritize considering how it can better help developing countries introduce their central bank digital currencies (CBDCs).
Bitcoin Slips Under $30K, Ether Staking Tokens Take a Beating Ahead of Shapella Upgrade
[Apr 12, 2023 12:21 AM] Traders are likely taking profits ahead of Wednesday’s CPI report and Ethereum’s Shapella upgrade.
Ethereum’s Shapella Upgrade to Enable Staking Withdrawals Set to Go Live on April 12
Hong Kong Regulator Says DeFi Projects Could Face Regulatory Requirements
[Apr 11, 2023 11:52 PM] If DeFi activity falls within the scope of the Securities and Futures Ordinance, it will be subject to the same regulatory requirements as traditional financial activity, says SFC official.
Tron’s TRX Drops 6% as Binance.US Delists the Token
[Apr 11, 2023 9:08 PM] Binance.US says a variety of factors can lead to de-listing, including regulatory standing in the U.S. and unethical behavior.
First Mover Asia: Does Bitcoin at $30K Really Matter?
[Apr 11, 2023 7:43 PM] ALSO: Crypto exchange Bitget's $100 million fund targeting Web3 comes as Hong Kong eases crypto regulations and a number of East Asian countries have been promoting crypto.
Metalpha Launches Grayscale-Based Digital Asset Fund
[Apr 11, 2023 7:00 PM] Metalpha’s Hong Kong-licensed fund will give investors exposure to Grayscale’s products, but also allow for withdrawals which is something currently missing for U.S. investors.
Google Trends Data Shows Bitcoin Search Interest Surged This Week Amid 10-Month Price High
Bitcoin Holds Firm Above $30K, Ether Hovers Near $1.9K Ahead of CPI, Shapella Upgrade
[Apr 11, 2023 4:00 PM] Investors will be eyeing Wednesday’s U.S. Consumer Price Index for the latest reading on inflation and the Shanghai “hard fork.”
Sen. Warren, Rep. AOC Ask Circle, BlockFi Why They Banked at SVB
[Apr 11, 2023 3:54 PM] Sen. Elizabeth Warren (D-Mass.) and Congresswoman Alexandria Ocasio-Cortez (D-New York) want to know why crypto companies, like bankrupt crypto lender BlockFi and stablecoin issuer Circle, banked at now-collapsed Silicon Valley Bank.
Gaming Tech Company Razer Introduces Web3 Venture Fund
[Apr 11, 2023 3:48 PM] The fund, called zVentures Web3 Incubator, will leverage its expertise to grow early-stage projects building blockchain-based gaming infrastructure.
Ethereum’s Shanghai Upgrade: Here’s Our Guide to Watch Parties, Blockchain Tools
[Apr 11, 2023 3:17 PM] Various factions of the Ethereum community are planning watch parties to witness the first-ever withdrawals of staked ether, with the blockchain's Shanghai upgrade (aka "Shapella") set for Wednesday at 22:27 coordinated universal time (6:27 p.m. ET).
ROOK Investors Aim to ‘Rage Quit’ Through Plan to Liquidate $25M Crypto Treasury
[Apr 11, 2023 3:10 PM] Their vote could hand ROOK token holders a big payout.
Crypto Miner Core Scientific Appoints a New President
[Apr 11, 2023 2:08 PM] Crypto hosting and mining company Core Scientific (CORZ) has appointed crypto veteran Adam Sullivan as its new president, a court filing shows.