[Mar 18, 2023 12:30 PM] At the start of the week, a troy ounce of .999 fine gold was trading at $1,813 per unit. Seven days later, gold rose 9.65% against the U.S. dollar to the current spot price of $1,988 per ounce. Gold’s rise comes at a time when confidence in…
[Mar 18, 2023 8:30 AM] According to a presentation recently submitted by the FTX debtors on March 16, Sam Bankman-Fried’s companies had a $6.8 billion hole in their intercompany balance sheet when they filed for Chapter 11 bankruptcy protection. FTX and its…
[Mar 18, 2023 1:30 AM] Russian lawmakers have approved a draft law facilitating the implementation of the digital version of the national currency, the ruble. The legislation amends various other acts to introduce definitions and establish procedures related to the…
[Mar 17, 2023 10:30 PM] The organization representing Russia’s crypto sector has asked the government in Moscow to clarify a proposal to introduce criminal liability for “gray” miners. The draft legislation seeks to punish those who fail to report their income to…
[Mar 17, 2023 4:00 PM] After experiencing a sharp decline to $19,700 last week, Bitcoin (BTC) found support at its 200-day moving average (MA). This support helped the largest cryptocurrency by market capitalization to rebound and surpass the previous resistance level of…
[Mar 17, 2023 2:30 PM] At around 7:30 a.m. ET, the price of bitcoin skyrocketed past the $27,000 range to a high of $27,025 per unit. Precious metals, or PMs, like gold and silver, also rose between 1.98% and 2.12% against the U.S. dollar over the past day. While many…
[Mar 17, 2023 12:30 PM] During the past 11 days, over 7 billion USDC stablecoins have been withdrawn from circulation, with most of the redemptions occurring following the depegging event of USDC on March 11, 2023. Furthermore, since March 6, a total of 439.48 million…
[Mar 17, 2023 11:00 AM] As the broader cryptocurrency sees most coins registering high gains, BNB is among those with a notable price increase. The token has recovered all past weeks’ losses and shows parallel gains from the 30-day to the hourly price increase. The…
[Mar 17, 2023 10:20 AM] Crypto prices are green today in contrast with yesterday’s record. The market-wide rally has pushed the overall crypto market capitalization upward by 6.18%. The daily crypto price charts show OKB sustained its past week’s rally by a 28.73% weekly…
[Mar 17, 2023 6:15 AM] The latest episode of Decentralize with Cointelegraph unpacks whether U.S. regulators are targeting the crypto ecosystem through closure of SVB and Signature Bank.
[Mar 17, 2023 1:30 AM] An investigation into digital asset exchanges in the Russian capital has established that some of them are ready to buy digital coins and deliver paper money in the U.K. The transfer of funds does not usually involve the identification of the…
[Mar 16, 2023 11:30 PM] The Ethereum layer two (L2) scaling solution Arbitrum has launched a native governance token named ARB and a self-executing decentralized autonomous organization (DAO) governance model. The ARB token will have an initial supply of 10 billion, and…
[Mar 16, 2023 4:00 PM] On Wednesday, Tom Emmer, the U.S. Republican congressman from Minnesota, revealed he sent a letter to Martin Gruenberg, the chairman of the Federal Deposit Insurance Corporation (FDIC), regarding reports that the FDIC is “weaponizing recent…
[Mar 16, 2023 2:00 PM] During the Execution Layer Meeting streamed on March 16, 2023, Ethereum developers announced that the blockchain is scheduled to upgrade on April 12, in 27 days. The upgrade, known as the Shanghai-Capella upgrade or Shapella, will include the…
[Mar 16, 2023 12:00 PM] The U.S. government and the Federal Deposit Insurance Corporation (FDIC) are auctioning off two failed American financial institutions, Silicon Valley Bank (SVB) and Signature Bank (SNBY), this week, with bids due by March 17. However, sources…
[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 1:30 PM] After dropping below $26,000 per unit, the price of bitcoin, the leading digital asset by market capitalization, is still up 9.6% since last week. However, its price has decreased by 6.5% in the last 24 hours. Out of the 7,316 companies, crypto…
[Mar 15, 2023 10:04 AM] Following Openai’s release of GPT-4, a deep learning and artificial intelligence product, crypto assets focused on AI have spiked in value. The AGIX token of the Singularitynet project has risen 25.63% in the last 24 hours. Over the last…
[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 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 9:00 AM] Stacks (STX) is among the coins that registered impressive gains this year, with over 168% monthly gains. It was among the cryptos that maintained their gains on various days of extreme bearish trends. However, as of last week, STX recorded…
[Mar 14, 2023 8:00 AM] The Department of Justice (DOJ) and the Federal Bureau of Investigation (FBI) are reportedly investigating the collapse of the algorithmic stablecoin terra usd (UST) and the firm Terraform Labs. Unnamed sources say that former staff members from…
[Mar 14, 2023 3:30 AM] The Egyptian police are reported to have recently arrested 29 individuals associated with the Hoggpool cryptocurrency mining app scam. In addition to seizing 95 mobile phones and 3,367 SIM cards, the police said domestic and foreign currency valued…
[Mar 13, 2023 1:30 PM] On Monday, the crypto economy experienced significant market activity with $183.85 billion in global trade volume over 24 hours, with a large portion of those trades involving stablecoins. USDC traded near parity with the U.S. dollar, and several…
[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 11:30 AM] On Monday, Binance CEO Changpeng Zhao, also known as CZ, announced that the company had decided to convert $1 billion worth of BUSD from the Industry Recovery Initiative fund into three different cryptocurrencies. Zhao noted that significant…
[Mar 13, 2023 10:30 AM] One of Ethereum’s strongest competitors, Cardano (ADA), is among the top-gaining coins today, with an 8% price increase on the last day. This comes after several days of a bearish slump in prices across the market, causing ADA to lose most of its…
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