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…Cathie Wood applauded BTC's varying movement from that of the stock market given the recent impact of institutional challenges. The market rate of Bitcoin continues a surge action with the recent institutional challenges, which is more likely to attract more banks to the crypto space in the long
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Russia-linked digital currency trading protocol Bizlato has partly fixed authorization to customers' assets notwithstanding being formally confiscated by concerned European bodies. Bizlato has granted permission to its customers to take out about 50% of their holdings stuck on the exchange as a result of imposition from the US and
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The U.S. Supreme Court will hear arguments in its first crypto-related case on Tuesday when lawyers for San Francisco-based crypto exchange Coinbase will try to convince the nine Justices to pause a pair of class-action lawsuits against the exchange. While the case to be heard on Tuesday involves crypto,
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After surpassing a major resistance level during Friday's Asian trading hours, is looking north, bitcoin (BTC) is looking north. The top cryptocurrency based on market capitalization rose past $25,000, breaching the resistance dating back to August 2022 that also capped gains last month. While the coin currently
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U.S.-based crypto exchange Coinbase is considering setting up a crypto-trading platform overseas and is discussing the move with institutional clients, Bloomberg reported, citing people familiar with the plans. A decision hasn’t been taken on the location for such a trading platform, which comes as U.S. regulators
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As the Federal Deposit Insurance Corporation (FDIC) prepares to auction off Signature Bank, it has made it clear that the buyer has to stop doing business with crypto, two anonymous sources told Reuters. If it's true, it would seem to confirm suspicions that regulators targeted Signature Bank because
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Ethereum developers are targeting April 12 for its long-awaited Shanghai hard fork during the All Core Developers Execution Layer #157 call Thursday. The Shanghai upgrade marks Ethereum’s complete transition to a proof-of-stake (PoS) network and will enable staked ETH withdrawals. Once the date is voted on by developers and
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India and the United Arab Emirates will jointly conduct pilot programs on central bank digital currencies, or CBDCs, according to an announcement on Wednesday. The Reserve Bank of India and the Central Bank of the United Arab Emirates signed a memorandum of understanding in Abu Dhabi to explore the interoperability
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Crypto exchange Binance will halt British pound sterling deposits and withdrawals starting May 22. This will likely remain till it finds another server. In an email sent to customers on Monday, the firm explained that customers won’t be able to use GBP as their account on- or off-ramps because
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Cryptocurrency exchange Coinbase (COIN) has officially suspended trading for the Binance USD (BUSD) stablecoin, according to a tweet on Monday. The exchange announced its intention to delist BUSD in February with Coinbase CEO Brian Armstrong citing liquidity concerns. The decision came after Paxos, the company that issues BUSD, stopped minting
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Bitcoin (BTC) dropped about 6% in the past 24 hours to sink below $21,000 for the first time in seven weeks as investors continued to fret about the fallout from crypto-friendly bank Silvergate Bank’s implosion. On Wednesday Silvergate Capital (SI), the parent company of the lending-based bank said
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Blockchain.com, a crypto financial services company, is suspending operations of its recently launched asset management arm, citing the prolonged crypto winter as the reason for its decision, according to a Bloomberg report. Blockchain.com Asset Management, or BCAM, was started in April 2022 in an effort to attract institutional