• Bitcoin is trading above $28,000 on Monday, as cryptocurrencies extend a bull run to start the week. • Ethereum continues to trade close to $1,800 after hitting its highest point since last August. • The Federal Reserve and other major central banks made coordinated moves to enhance market liquidity. Bitcoin Starts Week Above $28K […]
Category Archives: Allgemein
Crypto Turmoil: Warren Criticized, SVB Closes, Vitalik’s Token Sell-Off Rocks Markets
• Elizabeth Warren blamed the liquidation of Silvergate Bank on “crypto risk,” however critics dismissed this opinion as “terribly misinformed.” • US regulators closed Silicon Valley Bank due to financial turmoil and a reported bank run. • Airdropped ERC20 tokens from Ethereum co-founder Vitalik Buterin’s address caused negative price moves and India-Russia oil deals could […]
Crypto Markets Stabilize: Bitcoin, Ethereum Recover After Friday’s Sell-Off
• Bitcoin and Ethereum markets marginally stabilized from Friday’s sell-off on March 4. • BTC/USD rose to an intraday high of $22,444.19, and ETH/USD hit a high of $1,575.87. • The 14-day relative strength index (RSI) has appeared to have found a floor, while the 10-day (red) and 25-day (blue) moving averages are on the […]
CBN Seeks New Tech Partner to Improve e-Naira User Experience
• The Central Bank of Nigeria (CBN) is seeking a new technology partner to help it implement a system that gives it greater control over its central bank digital currency (CBDC), the e-naira. • R3, a provider of enterprise technology and services, is one of the prospective partners that has reportedly discussed deploying different tech […]
Defi Surpasses $50B Mark: Ethereum Dominates, Tron & BSC Battle for 2nd
• Total value locked (TVL) in decentralized finance (defi) has surpassed the $50 billion mark for the first time since FTX collapse. • Ethereum is dominant with over 60% of TVL, while Tron and Binance Smart Chain battle for second place. • The largest protocols and exchanges in terms of TVL include Lido, Makerdao, Curve, […]
SEC Rumored to Ban Crypto Staking for US Retailers: Coinbase CEO Concerned
Coinbase CEO Brian Armstrong Expresses Concerns • Coinbase CEO Brian Armstrong expressed concern about rumors of the U.S. Securities and Exchange Commission (SEC) possibly eliminating cryptocurrency staking for retail customers in the United States. • Armstrong clarified that “staking is not a security”, and that it allows users to participate directly in running open crypto […]
Ethereum Slips Below $1,600 Ahead of Key US Economic Data Week
• Bitcoin (BTC) retreated from a recent five-month high on Tuesday, with prices falling below the $23,000 mark in today’s session. • Ethereum (ETH) was also in the red in today’s session, with prices falling further below $1,600. • Traders are preparing for a big few days of economic data from the United States and […]
UDPN: Revolutionizing Global Payments with Digital Assets
• Red Date Technology, the designer of China’s state-backed Blockchain-based Service Network (BSN), has launched a new project called Universal Digital Payments Network (UDPN) to enable the interoperability between stablecoins and central bank digital currencies (CBDCs) in cross-border payments. • The goal of the UDPN is to allow businesses from different countries to transact and […]
SFMS Blocks Russian Crypto Exchanges, Introduces Wallet-Blocking Mechanism
• Ukraine’s Financial Monitoring Service has blocked access to online crypto exchangers operating out of Russia. • The SFMS has identified crypto exchanges associated with Russian financial institutions placed under sanctions. • The SFMS has also introduced a mechanism for “blocking of crypto wallets of the Russian Federation.” The State Financial Monitoring Service (SFMS) of […]
FTX Bankruptcy: $5.5B Liquid Assets Found but Solana & FTT Complicate Process
• FTX debtors recently reported the discovery of $5.5 billion in liquid assets, with $3.5 billion being crypto assets. • Two of the firm’s top cryptocurrency caches are not liquid as the company’s 47.51 million SOL tokens are locked and the firm’s FTT holdings distort the realization of actual liquidity due to FTX’s control of […]