The central bank met many expectations in its decision to raise interest rates by 25 basis points. Other crypto majors are in the red Bitcoin (BTC) fell below $27,000 after the US Federal Open Market Committee (FOMC) did what was expected on Wednesday, raising interest rates again, this time by a quarter.The decision reinforces the […]
The US Supreme Court will hear arguments in the first crypto-related case on Tuesday, when lawyers for San Francisco-based Coinbase try to convince nine judges to stay in a class-action lawsuit against the exchange. crypto. Although the Supreme Court case will be heard on Tuesday regarding crypto, it is not itself a crypto case. Instead, […]
The inherent problem with blockchain systems is their inability to scale without security or scalability – a concept coined by Ethereum user Vitalik Buterin as the “blockchain trilemma.” However, the emergence of zero-knowledge (ZK) cryptography promises to change the way blockchains process, encrypt, and share data, providing powerful solutions that address even the most tedious […]
The company has about $11.6 billion in debt against $4.8 billion in assets, according to a report filed by its advisers. Sam Bankman Fried’s crypto empire had a $6.8 billion deficit on its balance sheet when it filed for bankruptcy last November, according to a bankruptcy court filing Friday. This includes a loss of $10.6 […]
Salesforce’s partnership with the blockchain platform is another sign of the company’s investment in customer engagement using Web3 technology. Software company Salesforce has partnered with Layer 2 blockchain platform Polygon for an NFT-based loyalty program, said Ryan Wyatt, CEO of Polygon Labs. “Salesforce will help customers integrate Polygon into its management platform to help customers […]
U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler is doubling down on his opinion that proof-of-stake tokens could meet the definition of securities under the Howey Test, thus bringing them under his agency’s regulatory authority. Speaking to reporters after a commission vote on Wednesday, Gensler said securities laws could be triggered because investors anticipate […]
Bitcoin and Ether started the trading day in Asia in the red, with Bitcoin falling 2.5% to $24,330 and Ether falling 3.7% to $1,649. Liquidity is on everyone’s mind, especially in the face of record withdrawals from the Treasury’s general account during the Covid period, and even more so after the bankruptcy of Silicon Valley […]
Bitcoin (BTC) added more than 11% in the past 24 hours to trade above $24,700 on Tuesday, retracing all of the weekend’s losses and setting a three-week high. The move may come as a surprise to investors who would have bet on falling prices after the suspension of two cryptocurrency-backed banks last week in the […]
Crypto conglomerate Digital Currency Group (DCG) is trying to find new banking partners for its holding company following the collapse of Silicon Valley Bank (SVB), Signature Bank (SBNY) and Silvergate (SI), as information viewed by CoinDesk. Santander (SAN), HSBC (HSBA), Deutsche Bank (DB), BankProv, Bridge Bank, Mercury, Multis and Series Financial are still ready to […]
There have been some surprises in the Huobi brand lately. In the early hours of March 10, HT electricity went from $4.70 to almost $0.40 within minutes. The exchange token reached $4.92 intraday on March 9. However, it lost almost 20% on the day, and is currently trading at around $3.95.In addition, a large liquidity […]