Bitcoin News / Bitcoinist - 2 years ago
Data shows that Bitcoin investors have turned fearful again as the market sentiment has now dropped to the lowest value since early January. Bitcoin Fear And Greed Index Is Currently Pointing At “Fear” The “fear and greed index̶...
Bitcoin News / Bitcoinist - 2 years ago
Michael Barr, Federal Reserve Vice Chair for Supervision, has acknowledged that crypto technology still holds promise for transforming the financial system, but emphasized the need for “guardrails” to harness its potential. Barr’s...
Bitcoin News / Bitcoinist - 2 years ago
Huobi Token (HT) has emerged at the center of insolvency rumors following a shocking performance on Thursday. Following the plunge in the general crypto market, Huobi Token took it a step further with a massive 90% drop in just a matter of minutes. N...
Bitcoin News / Bitcoinist - 2 years ago
Blockchain.com has announced the suspension of its asset management arm due to the prolonged crypto winter, as reported by Bloomberg. The company cites the challenging market conditions as the reason for its decision, which comes less than a year aft...
Bitcoin News / Bitcoinist - 2 years ago
Crypto regulation could see a major overhaul as House Republicans take steps to revamp the oversight of the emerging class asset. According to Rep. French Hill, who leads the Digital Assets, Financial Technology, and Inclusion Subcommittee, the Hous...
Bitcoin News / Bitcoinist - 2 years ago
On Thursday, March 9, U.S. President Biden revealed his budget proposal for 2024. Under the Biden Budget, the U.S. Treasury Department is looking to introduce a 30% excise tax on crypto mining operations. According to a section in the Treasury depar...
Bitcoin News / Bitcoinist - 2 years ago
While it may have been created only in 2020, Shiba Inu – a decentralized cryptocurrency that operates on the Ethereum blockchain – has already gained a significant following because of its catchy dog-themed branding and low transaction fe...
Bitcoin News / Bitcoinist - 2 years ago
Amidst the turmoil the crypto industry has been involved in over the past month, the global market capitalization has dropped from the psychological level of $1 trillion; Bitcoin has followed the trend. The largest cryptocurrency in the market cap dr...
Bitcoin News / Bitcoinist - 2 years ago
The New York District Attorney General (NYDA), Letitia James, filed a lawsuit against crypto exchange KuCoin. According to a document filed with the Supreme Court of the State of New York against two companies running the trading venue in the U.S., P...
Bitcoin News / Bitcoinist - 2 years ago
On-chain data shows exchanges have observed a vast Bitcoin outflow recently, a sign that whales may be going on a buying spree of the asset. Bitcoin Exchange Netflows Have Been Negative In Recent Days An analyst in a CryptoQuant post pointed out that...
Bitcoin News / Bitcoinist - 2 years ago
Gate Group, the company behind the popular exchange Gate.io, plans to launch a European crypto debit card to expand its reach to European countries. Users can seamlessly convert and spend their crypto assets with the card in everyday purchases. One...
Bitcoin News / Bitcoinist - 2 years ago
While the intervention of regulators in the crypto industry could sometime seem unnecessary or frightening, it is worth noting that not all regulators are villains, some are just keen on consumer protection. On Wednesday, the Public Company Accounti...
Bitcoin News / Bitcoinist - 2 years ago
Dogecoin and Shiba Inu have had a tough go of it lately. Given that these are digital assets that are largely driven by hype, the decline in interest in the crypto market has greatly affected their performance. Amid all of these, both of these meme c...
Bitcoin News / Bitcoinist - 2 years ago
In a recent development, the Rehabilitation Trustee has pushed the registration deadline for claims against Mt. Gox for another month. The deadline was initially set for March 10 but will now be April 6, 2023. Mt. Gox was once the largest Bitcoin exc...
Bitcoin News / Bitcoinist - 2 years ago
Polygon has declined by 6% during the past day as whales have shown signs of selling. The asset has also been flipped by Dogecoin in market cap. Polygon Has Taken Another 6% Beating During The Past Day March hasn’t been a good month for the cry...
Bitcoin News / Bitcoinist - 2 years ago
Sam Bankman-Fried’s attorneys said Wednesday that a delay of his October 2 criminal trial may be necessary. Attorneys for SBF argued that additional time may be required to thoroughly review the evidence and prepare a defense for the upcoming t...
Bitcoin News / Bitcoinist - 2 years ago
Former CEO and co-founder of BitMex crypto exchange Arthur Hayes proposed a new stablecoin design with a value pegged to Bitcoin. He called it Satoshi Nakamoto Dollar (NUSD) or NakaDollar. The crypto community continues supporting stablecoins despite...
Bitcoin News / Bitcoinist - 2 years ago
Six executives of the Ponzi scheme AirBit Club have admitted their guilt in a fraud and money laundering scheme that allegedly bilked victims out of $100 million, according to prosecutors. On March 8, one of the founders, Pablo Renato Rodriguez, ple...
Bitcoin News / Bitcoinist - 2 years ago
On January 15, the Shiba Inu network announced the Shibarium Layer-2 solution, highlighting the benefits of the new update. However, the developers didn’t provide a specific date for the launch in the announcement. Since then, the community has been...
Bitcoin News / Bitcoinist - 2 years ago
In a recent development, a crypto investor jabbed Senator Elizabeth Warren for criticizing Silvergate bank. Warren shared a Twitter post, reacting to the recent collapse of the bank and reminding the crypto community of her earlier warnings. But the...
Bitcoin News / Bitcoinist - 2 years ago
The Chairman of the Commodity Futures Trading Commission (CFTC), Rostin Behnam, has once again reaffirmed the agency’s position that stablecoins should be classified as commodities and placed under its jurisdiction. At a Senate Agricultural Committe...
Bitcoin News / Bitcoinist - 2 years ago
Marathon Digital Holdings has announced the repayment of its term loan and the termination of its credit facilities with Silvergate Bank, resulting in a $50 million reduction of debt, according to a statement released on Wednesday. Hugh Gallagher, CF...
Bitcoin News / Bitcoinist - 2 years ago
Coinbase has announced the launch of a new feature that the largest exchange in the U.S. claims will attract millions of users to web3. The new product, “Wallet as a Service” (WaaS), will allow businesses to build new web3 experiences wit...
Bitcoin News / Bitcoinist - 2 years ago
Per several reports, crypto-friendly bank Silvergate will liquidate the financial institution and reduce its operations. The bank faced issues following the collapse of one of its major partners, crypto exchange FTX. Today’s announcement seems like...
Bitcoin News / Bitcoinist - 2 years ago
On-chain data shows the Bitcoin estimated leverage ratio has risen recently, a sign that a volatile move may be coming soon for the asset. Bitcoin Estimated Leverage Ratio Has Observed A Surge As an analyst in a CryptoQuant post pointed out, the open...
