Day: March 6, 2023

Technical discussions take center stage at Advancing Bitcoin conference in London

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Bitcoin bear market builders convened in London for the Bitcoin-only conference Advancing Bitcoin, which ran from March 2–3. Common Bitcoin (BTC) conference vernacular like “macro,” “shitcoin” and “debt spiral” was absent from the debate, replaced by computer science terms like “OP_return,” “nonce” and “ordinals” dominating the discussion. The two-day developer conference was technical and thoughtful — a space to get one’s hands dirty writing code. Fedi’s Leon Johnson organized and kicked off the conference. Source: Michaelayophotography79  Leon Johnson, a conference organizer and the head of operations at Bitcoin company Fedi,…

Volatility in BTC, ETH Remains High to Start the Week – Market Updates Bitcoin News

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Bitcoin consolidated for a third straight session, as markets prepared for a big week of U.S. economic data. Later this week, nonfarm payrolls will be posted, with Federal Reserve chair Jerome Powell also speaking in the coming days. Ethereum also fell marginally lower to start the week. Bitcoin Bitcoin (BTC) started the week in consolidation, ahead of a key week of economic data from the United States. Following a high of $22,497.00 on Sunday, BTC/USD slipped to an intraday low of $22,331.31 earlier in the session. As a result of…

Australian Crypto Regulations Likely to Be Delayed Until Mid-2024: Report

In a document dated August, three months after Anthony Albanese defeated the coalition administration of Scott Morrison, the Treasury reveals how some stakeholders might be disappointed with a “perceived delay in implementing a licensing regime” but viewed the concerns as “somewhat mitigated” by the collapse of several crypto companies and market crash earlier in the year. Source

Bitcoin Flat as Crypto Winter Deepens

Crypto exchange Bybit on Saturday announced it is suspending U.S. dollar (USD) deposits. “We have temporarily suspended USD deposits via Wire Transfer (including SWIFT) due to service outages from our end-point processing partner until further notice,” the exchange said, adding that withdrawals will be stopped from March 10. Users, however, can continue to deposit and withdraw crypto to and from wallet addresses and fund purchases through credit cards and other payment methods. Source

First Bitcoin Ordinals NFT collection launches on OKX

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The first Bitcoin Ordinals NFT collection, Bitcoin Punks, is now available on the OKX NFT marketplace. Its first launch, announced on March 6 by OKX, details how it will allow trading of BTC NFT, which can be withdrawn to your bitcoin wallet. OKX NFT marketplace just announced its launch of the first-ever Bitcoin Ordinals NFT that is now available on its platform. Bitcoin Punks has a collection of 10,000 items.  The collection is uploaded from CryptoPunks, an Ethereum-native platform, using the Bitcoin Ordinals protocol.  BTC NFT can be purchased using…

Babel Finance Mulls Crypto-Backed Stablecoin to Repay $766M: Report

Babel is on the verge of filing a moratorium extension that would prevent creditors from making claims for at least six months, the report said. The filing alleges that co-founder Wang Li racked up $524 million in proprietary trading losses, with another $224 million being lost after lenders liquidated collateral that underpinned loans issued to Babel. Source

Embattled Swiss Banking Giant Credit Suisse Loses One of Its Major Backers

Zurich-based financial powerhouse Credit Suisse plans to improve its operational outlook after losing one of its biggest backers.  Credit Suisse recently lost one of its most significant backers after Harris Associates sold out its entire stake in the Swiss banking giant. Harris Associates, Credit Suisse’s top shareholder for several years, decided to end ties with the Swiss bank following two decades of ownership. According to Harris Associates chief investment officer for international equities David Herro, the company offloaded Credit Suisse stock over the past months. Herro also explained Harris opted…

Dubai-Headquartered Crypto Exchange MaskEX Launches Virtual Card for Worldwide Spending and Welcomes Ben Caselin as Vice President to Drive Global Expansion Effort – Press release Bitcoin News

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press release PRESS RELEASE. Dubai, United Arab Emirates, March, 2023 – MaskEX, a rapidly expanding third-generation crypto exchange, headquartered in Dubai, has announced the launch of its crypto-backed Virtual Card, enabling users to spend their crypto as fiat in more than 176 countries with over 50 million merchants worldwide. This new feature is now available to all ID-verified MaskEX users. MaskEX has also announced that Ben Caselin, former Head of Research and Strategy at Hong Kong-based crypto exchange AAX, has joined MaskEX in the role of Vice President. Drawing on…