• European Union (EU) lawmakers are set to vote on a new set of crypto regulations that could ban large crypto transfers from self-hosted wallets. • The proposed legislation would outlaw all anonymous crypto transactions over €1,000 from one non-custodial wallet to another. • It…
• The exchange rate between Bitcoin (BTC) and Ether (ETH) has been falling in recent weeks. • This is due to Bitcoin’s performance outperforming most other cryptocurrencies amid a “safe haven” bid as cracks form in the global banking system. • Bitcoin is often referred…
• Bitcoin and Ethereum have seen modest increases in value, with BTC surpassing $20,000 and ETH reaching the $1,400 mark. • The weaker US dollar has been a critical driver behind the recent surge in the cryptocurrency market. • Silicon Valley Bank (SVB) has been…
• Dogecoin price has been affected by the Federal Reserve raising interest rates and Jerome Powell’s deflationary comments. • Investors are watching key economic data releases for March to determine the direction of Dogecoin prices. • A break above the psychological resistance at $0.10 could…
• The Cardano cryptocurrency ADA/USD is coming under selling pressure on Friday due to a hotter-than-expected US inflation report. • ADA is testing an uptrend that has been in play since the end of 2022, and its 50DMA just under $0.37. • With US inflation…
• The US Securities and Exchange Commission (SEC) has sued Terra founder Do Kwon and his organization Terraform Labs for securities fraud. • They allegedly raised billions of dollars by selling cryptoassets to investors, often involving unregistered transactions. • Crypto community on Twitter questioned the…
The former head of the Hong Kong central bank, Norman Chan, believes that crypto will not destroy traditional finance. He states Bitcoin cannot become a currency due to its volatile price and lack of intrinsic value. He also warns that stablecoin adoption could affect the…
• Binance has stopped providing wallet services to WazirX and asked them to withdraw any remaining assets held in their wallets. • This decision was taken due to misleading statements made by Zanmai Labs, the entity operating the Indian crypto exchange. • Binance also reiterated…
• The US Securities and Exchange Commission (SEC) has rejected an application from Ark Investment Management and 21Shares to list a spot Bitcoin (BTC) exchange-traded fund (ETF). • The SEC has determined that the Cboe BZX Exchange, where the ETF would be listed, has failed…
• South Korean prosecutors are seeking to convict 20 people for allegedly conducting $3.2 billion worth of illegal crypto transactions. • These transactions were exploiting the “kimchi premium”, a phenomenon whereby increased trading volumes on South Korean crypto exchanges drive prices above the global average.…