Some remain upbeat about the medium-term outlook for bitcoin and the broader market. Original
Bitcoin Inches Toward $28K as Traders See $260M in Futures Liquidations
Day: March 23, 2023
Avalanche Blockchain’s X and C Networks See Brief Outage
The C-chain is home to Avalanche’s DeFi community, as that’s the chain that hosts smart contracts and is used with MetaMask. The X-chain is the exchange chain, and is used to send funds back and forth, while the P-chain is the platform chain and is used for staking AVAX and serving as a validator. Source link
New Feature Enables Nigerian Metamask Wallet Users to Buy Crypto Assets Within the App – Wallets Bitcoin News
Metamask users in Nigeria can now directly and instantly buy crypto assets within the mobile app, Consensys and its Web3 infrastructure partner Moonpay have said. According to a Consensys executive, rolling out this feature helps to reduce friction while bringing down barriers that block or stop Nigerians from embracing Web3. Purchasing Crypto via Instant Bank Transfers Consensys, one of the leading Web3 firms, has said users of the Metamask wallet in Nigeria can now directly purchase crypto assets within the mobile app. To help it make this possible, Consensys partnered…
French Lawmakers Agree to Effectively Ban Crypto Influencer Promotions
CryptoX – Cryptocurrency Analysis and News Portal Social media stars wouldn’t be allowed to shill unlicensed crypto under anti-scam plans voted on by the National Assembly’s Economics Committee Wednesday Source The post French Lawmakers Agree to Effectively Ban Crypto Influencer Promotions appeared first on CryptoX. CryptoX Portal
Aussie crypto exchange hints interest in Hong Kong base, but it’ll depend
Australia-based crypto exchange Independent Reserve is looking at opportunities to set up shop in Hong Kong, as the city continues efforts to become a cryptocurrency hub. Set to take effect in June, the Hong Kong Securities and Futures Commission (SFC) released a proposed licensing regime for cryptocurrency exchanges on Feb. 20 in line with its ambitions to become Asia’s next crypto hub. Independent Reserve co-founder and CEO, Adrian Przelozny told Cointelegraph the “friendly” licensing regime makes Hong Kong a worthy destination to set up a new base, something his firm…
SEC is like soccer referees in a game of pickleball
Brian Armstrong, the CEO and co-founder of crypto exchange Coinbase has compared the Securities and Exchange Commission (SEC) to “soccer refs” in a game of pickleball, criticizing U.S. regulators for not being able to “agree on the rules” of “this new game.” The comments came after Armstrong revealed that his firm had been issued a Wells Notice on March 22 — which he had noted “typically precedes an enforcement action.” 1/ Today Coinbase received a Wells notice from the SEC focused on staking and asset listings. A Wells notice typically…
CFTC’s tech committee gathered in DC to talk DeFi, here’s what was discussed
The United States commodities regulator has gotten a crash course on decentralized finance (DeFi) today, with crypto executives briefing the regulator on key issues affecting the space, including exploits, decentralization and digital identities. As part of a scheduled first meeting of the CFTC’s Technology Advisory Committee (TAC) in Washington D.C., members from the crypto space gave presentations to the regular with the aim of covering key issues currently impacting DeFi. CFTC commissioner Christy Goldsmith Romero opened the meeting with prepared remarks, saying “understanding how DeFi works” is “important” as “policy…
Multichain Wallet Bitkeep Raises $30 Million From Bitget to Strengthen Links Between Defi and Cefi – Bitcoin News
On Wednesday, the multichain wallet Bitkeep announced it raised $30 million from the crypto derivatives platform Bitget. Bitkeep now has an overall valuation of $300 million, with goals aimed at strengthening the links between decentralized finance (defi) and centralized finance (cefi). Bitget Invests $30 Million in Bitkeep; Wallet Firm Is Now Valued at $300M Crypto derivatives exchange Bitget has announced that it has invested $30 million in the multichain wallet company Bitkeep, making it the startup’s controlling stakeholder. Bitget detailed on Wednesday that the wallet will gain access to the…
The Reality Behind the Crypto Banking Crackdown: ‘Operation Choke Point 2.0’ Is Here
CryptoX – Cryptocurrency Analysis and News Portal Banking enforcement targeting legal crypto businesses appears to violate the FDIC’s mandate. It may also be amplifying financial contagion. Source The post The Reality Behind the Crypto Banking Crackdown: ‘Operation Choke Point 2.0’ Is Here appeared first on CryptoX. CryptoX Portal
US Senator Introduces Bill to Ban Direct-to-Consumer Central Bank Digital Currency – Regulation Bitcoin News
U.S. Senator Ted Cruz has introduced “legislation to prohibit the Federal Reserve from developing a direct-to-consumer” central bank digital currency (CBDC). The lawmaker warned that it “could be used as a financial surveillance tool by the federal government.” Another senator stressed: “The American people ought to be able to spend their money how they choose without the possibility that every transaction could be tracked by the government.” Senator Ted Cruz’s CBDC Bill U.S. Senator Ted Cruz (R-TX) announced Tuesday that he has reintroduced “legislation to prohibit the Federal Reserve from…