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- ETH/BTC Price Drops as Bitcoin Emerges as Safe Haven Asset
- Shock Collapse of Silicon Valley Bank Prompts US Lawmakers to Seek Answers
- Crypto Scammers Preying on Japanese Singles of All Ages
- Coinbase Launches Layer 2 Blockchain: Fast, Low-Cost, Secure Transactions
- Cross-Border Digital Yuan Pilot Launched in Hong Kong by China
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ETH/BTC Price Drops as Bitcoin Emerges as Safe Haven Asset
• The exchange rate between Bitcoin (BTC) and Ether (ETH) has dropped rapidly in recent weeks. • Financial stability concerns are disproportionately benefiting Bitcoin as a safe-haven asset. • Ethereum, though robust and decentralized, is not seen as a safe-haven … Weiterlesen
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Shock Collapse of Silicon Valley Bank Prompts US Lawmakers to Seek Answers
• US lawmakers held a meeting with the Federal Reserve and Federal Deposit Insurance Corporation on Friday to discuss the collapse of Silicon Valley Bank (SVB). • Democratic US Representative Maxine Waters expressed her concerns and appreciation of the DFPI … Weiterlesen
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Crypto Scammers Preying on Japanese Singles of All Ages
• Crypto scammers are targeting elderly Japanese singles on social media and dating apps. • Scammers are directing their victims onto bogus crypto trading platforms and offering “crypto mining packages” with “guaranteed” monthly earnings. • The government is responding by … Weiterlesen
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Coinbase Launches Layer 2 Blockchain: Fast, Low-Cost, Secure Transactions
• Coinbase has announced the launch of its own layer 2 blockchain for Ethereum (ETH) called Base. • Base brands itself as a „secure, low-cost, developer-friendly“ way to build decentralized applications (dApps). • There are no plans for issuing a … Weiterlesen
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Cross-Border Digital Yuan Pilot Launched in Hong Kong by China
• China has begun a „cross-border“ digital yuan pilot with Hong Kong. • The event is the brainchild of the central People’s Bank of China (PBoC) and the Luohu District local government. • Transactions are capped at 999 yuan, and … Weiterlesen
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Ordinal NFTs Push Bitcoin Network Activity to 2-Year High: Impact on BTC Price?
• Ordinal NFTs, a recently deployed Bitcoin protocol, have pushed the 14-day Exponential Moving Average of transactions on the Bitcoin network to its highest level since April 2021. • Despite taking up 526MB of block space and associated with a … Weiterlesen
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: Russian Crypto Miner Jailed for Four Years for Fraudulent Scheme
• A 47-year-old man from Orenburg, a southwestern city near Russia’s border with Kazakhstan, has been sentenced to four years in prison for crypto mining-related fraud. • The court heard that the man had duped a local entrepreneur into investing … Weiterlesen
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CME Bitcoin Futures Open Interest Reaches Near All-Time High, Institutional Demand Soars
• Chicago Mercantile Exchange (CME) Bitcoin futures open interest has risen to a near all-time high at 21%, indicating increasing institutional participation in BTC futures. • Bitcoin prices have surged to over $23,000, up by more than 35% YTD, which … Weiterlesen
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Japanese Tax Agency Signals Tax on NFTs and Crypto Gaming Profits
• The Japanese Tax Agency has signaled an intention to tax NFT sales and crypto gaming profits. • NFT traders have been advised to make declarations and pay capital gains tax on their profits, while those receiving NFT giveaways may … Weiterlesen
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North Korean Crypto Hacks Surge in 2023: UN Sanctions on the Horizon
• A security provider has predicted a „surge in fraudulent activities“ and attempts to „steal virtual assets“ from North Korea in 2023. • Crypto has become „an important source of funding for North Korean nuclear programs and missile development,“ according … Weiterlesen
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