Day: March 28, 2023

Circle announces USDC launch for Cosmos via Noble network

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USD Coin (USDC) will soon be available in the Cosmos ecosystem via the Noble network (STAKE), according to a blog post from the Noble development team. The post was shared on Twitter by USDC issuer Circle. We’re excited to bring USDC to @Cosmos! USDC is expected to launch on @noble_xyz soon, stay tuned for details. #IBC https://t.co/eqU8wno43F — Circle (@circle) March 28, 2023 Neither Circle nor Noble gave out a specific date for USDC’s launch on the network, but both said that readers should “stay tuned” for that information. In…

Bitcoin Seesaws Around $27K as Investors Digest Binance-CFTC Lawsuit

“Bitcoin is displaying such unbelievable resilience to what is happening around it, even in the crypto industry, that you have to wonder just how sustainable that can be,” Craig Erlam, senior market analyst at foreign exchange market maker Oanda, wrote in a Tuesday note. He added that the CFTC-Binance-triggered price drop “doesn’t feel particularly significant.” Source

Bitcoin adoption up despite Binance FUD

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Glassnode data has revealed some intriguing statistics that indicate new trends in bitcoin (BTC) adoption and holders’ behavior. According to Glassnode data, the number of addresses holding at least 0.1 bitcoin just reached an all-time high. This milestone suggests a significant increase in the adoption of bitcoin, as more individuals and institutions become more comfortable with the idea of owning and using the digital currency. BTC holders are on the rise The growth in addresses with 0.1 or more bitcoin is a strong indicator that the cryptocurrency is becoming more…

Crypto-friendly banks mismanaged traditional risks, FDIC head tells Senate hearing

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The United States Senate Banking Committee held a hearing March 28 on the regulatory response to recent bank failures. Officials from the Federal Deposit Insurance Corporation (FDIC), Federal Reserve and Treasury testified. FDIC chair Martin Gruenberg spoke about the causes of the failures of Silicon Valley Bank (SVB) and Signature Bank, including the role of digital assets, and the agency’s responses to the crisis. High levels of uninsured deposits and rapid growth were common factors in the bank collapses in March, Gruenberg said. Gruenberg’s narrative began with the closing of…

U.S. CFTC Chief Behnam Reinforces View of Ether as Commodity

In the high-stakes CFTC action against Binance, the CFTC says several tokens – bitcoin, ether, litecoin and the stablecoins tether and BUSD – are commodities that Binance was illegally trading. A lawmaker on the House Appropriations Committee asked him during a budget hearing Tuesday whether he believes ether (ETH) should be on that list. Source

Regulator’s Lawsuit Against Binance ‘Is a Big Deal’

“This complaint basically says that Binance and Zhao himself deliberately and systematically cultivated U.S. business, helped U.S. persons get around those restrictions and even did things internally to try to hide how much U.S. business they were doing,” said Massad, also director of the Digital Assets Policy Project. Source BigBinanceDealLawsuitRegulators CryptoX Portal

French Authorities Raid 5 Major Banks Over Accusations of Money Laundering and Fiscal Fraud – Finance Bitcoin News

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On Tuesday, French officials conducted raids on five major banks located in and around Paris, including Societe Generale, BNP Paribas, HSBC, Natixis, and BNP’s Exane Bank, over alleged charges of money laundering and fiscal fraud. According to a spokesperson for France’s Financial Prosecutor’s Office (PNF), the preliminary investigation into four French banks and one international bank began at the end of 2021. Cum-Ex Scheme at the Center of the Investigation; Societe Generale Confirms Involvement in the Raids Amid the banking crisis plaguing the industry in the United States and abroad,…

The Emerging Perpetual Exchange on Fantom – Press release Bitcoin News

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press release PRESS RELEASE. Canada, Alberta – Cryptocurrency has become a hot topic in recent years, capturing the attention of investors and traders alike. While it has faced its fair share of controversies, it has also opened up new possibilities and transformed the financial sector. With the rise of cryptocurrency, there has been a surge in the number of exchanges that facilitate the buying and selling of digital assets; with the fall of FTX, traders have become more aware of whether their digital assets are within their own key, boosting…