Day: March 3, 2023

Price analysis 3/3: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, SOL, DOT, LTC

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Concerning news from Silvergate Bank and FTX may have influenced investors’ decision to press the sell button, but the potential for further downside could be limited. Bitcoin (BTC) is leading the cryptocurrency markets lower and the matter is being exacerbated by Silvergate Banks’ ongoing issues. This week the cryptocurrency-focused bank said that it needed additional time to file its annual 10-K report and warned that it may not be able to operate for another 12 months. Reacting to this news, several cryptocurrency companies announced that they were reducing or canceling their…

U.S. Lawmakers Reintroduce Bill to Force Crypto Miners to Disclose Emissions

“While we’re working together as a nation to face down an existential crisis that puts the health and safety of our people and our planet in jeopardy, crypto miners are sucking megawatt after megawatt from our public grids and emitting skyrocketing greenhouse gasses, just so they can make a buck for themselves,” he said. “We can’t afford to let this industry run roughshod over our communities any longer.” Source BillCryptoDiscloseEmissionsForceLawmakersMinersReintroduceU.S CryptoX Portal

ETHDenver Looks Cringey to You Because Ethereum Has an Actual Community

It’s true that compared to a lot of crypto conferences, ETHDenver and certain related events can seem just the slightest bit slapdash, and more than the slightest bit bizarre. Take, for instance, the annual contributions from Jonathan Mann, aka. “The Song a Day Guy.” He has created and performed goofy, slightly amateurish tunes for the event for a while now – and every year, people on Twitter take the opportunity to dunk on him. Source

Total crypto market cap takes a hit amid Silvergate Bank crisis

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Cryptocurrency markets experienced a relatively calm month in February as the total market capitalization gained 4% in the period. However, the fear of regulatory pressure appears to be having an impact on volatility in March. Bulls will undoubtedly miss the technical pattern that has been guiding the total crypto market capitalization upwards for the past 48 days. Unfortunately, not all trends last forever, and the 6.3% price correction on March 2 was enough to break below the ascending channel support level. Total crypto market cap in USD, 12-hour. Source: TradingView…

U.S. Lawmakers Reintroduce Bill That Would Have Crypto Miners Disclose Emissions

“While we’re working together as a nation to face down an existential crisis that puts the health and safety of our people and our planet in jeopardy, crypto miners are sucking megawatt after megawatt from our public grids and emitting skyrocketing greenhouse gasses, just so they can make a buck for themselves,” he said. “We can’t afford to let this industry run roughshod over our communities any longer.” Source

Did crypto winter scare off Visa and Mastercard?

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Crypto cycles aren’t for the faint-hearted. As the industry continues to evolve from the cypherpunks into the mainstream, we can expect a lot of growing pains. The dumpster fire that was 2022 may have scared off many companies interested in exploring the sector. Case in point: Visa and Mastercard’s embrace of crypto may have hit a snag thanks to the bear market and unclear regulations. According to a new report by Reuters, the credit card giants are halting the launch of certain crypto products until market conditions and the regulatory…

Bitcoin’s Price Drop Causes Over $200 Million in Long Liquidations Across Crypto Derivative Exchanges – Bitcoin News

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On Feb. 24, 2023, bitcoin’s price remained above the $23,000 threshold and then rose to a peak of $23,829 per unit on March 1. On March 2 at 8 p.m. Eastern Time, the price of bitcoin fell, dropping below the $23,000 mark. This decline resulted in a significant $237.97 million worth of long liquidations on a variety of crypto derivative exchanges. Of that total, $206 million in liquidations occurred on March 2 alone. Bitcoin Derivatives Record $237 Million Liquidated in 24 Hours In the past 24 hours, 65 cryptocurrency derivative…