Day: March 17, 2023

‘If a government bans drugs, it should also ban crypto’ — Belgium’s former finance minister

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Johan Van Overtveldt, a member of the European Parliament and the former Minister of Finance of Belgium, has called for a “strict ban” on crypto as a result of the current banking crisis. In a March 17 tweet, Overtveldt suggested lawmakers should consider banning cryptocurrencies as a “lesson” from the collapses of Silicon Valley Bank, Signature Bank and Silvergate Bank in the United States, referring to digital assets as “speculative poison.” Members of the European Parliament have been discussing the impact of the failure of these banks on markets in…

Collective Finance to Launch Its Public Tokens Sale on Binance Smart Chain

Participation in the Public sale is through the Collective Finance DApp and by navigating to the Presale Tab. Decentralized Finance (DeFi) protocol Collective Finance has announced plans to launch the public sale of its native token $CLF built on the Binance Smart Chain (BSC) network. As contained in a Press Release shared with Coinspeaker, the public token sale can be accessed with a 10% discount, setting a generally lowered barrier for more encompassing community participation. The Collective Finance protocol was designed as an innovative outfit that offers access and participation…

LINK Climbs Above $7.00, as DOGE Rebounds From Recent Decline – Market Updates Bitcoin News

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Dogecoin rebounded from a recent decline on Friday, as cryptocurrency markets shook off yesterday’s bear wave. The meme coin has now risen by over 5%, a day after falling by the same sum. Chainlink was another notable mover, as prices climbed by over 7%. Dogecoin (DOGE) Dogecoin (DOGE) rose by as much as 5% in today’s session, as the meme coin recovered from yesterday’s bear run. Following a low of $0.07007 on Thursday, DOGE/USD raced to an intraday high of $0.07579 earlier today. The move came as dogecoin bulls bought…

Deribit launches Bitcoin volatility futures

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Crypto derivatives exchange Deribit will soon launch Bitcoin (BTC) volatility futures, giving investors a direct way to measure and trade BTC market volatility.  On March 17, Deribit introduced BTC DVOL futures — a derivatives contract built on the Deribit Bitcoin Volatility Index, which measures the implied volatility of the largest cryptocurrency. Deribit’s volatility gauge provides a 30-day outlook on investors’ expectations for annualized volatility. Like other volatility products, BTC DVOL can potentially help traders with risk management, portfolio hedging or market speculation. Volatility-as-an-asset is widely traded in traditional finance, with…

Bitcoin Hits $27K for First Time since June 2022 amid Stuttering Banking Sector

Leading crypto Bitcoin climbed to $27K Friday, extending its 2023 bullish run amid intensified talks of a $100K price level.  Bitcoin (BTC) has extended its recent bullish momentum, recently hitting $27K for the first time since June last year. On Friday, the dominant digital currency climbed to $27,028, marking a 6.5% increase in 24 hours. This latest 6.5% price spike also saw BTC’s market cap swell within the same period to $549,070,761,254.  However, Bitcoin has sustained marginal retracement since the early European session and is changing hands at just over…