Tag: News

DOGE, SHIB Slip Following ECB Rate Hike – Market Updates Bitcoin News

boss

Dogecoin and shiba inu fell by as much as 5% in today’s session, as markets reacted to the European Central Bank (ECB) rate hike. The bank moved to increase rates by 50 basis points, despite the recent banking crisis. As a result of this many now expect that the Federal Reserve will continue to increase rates also. Dogecoin (DOGE) Dogecoin (DOGE) fell by over 5% on Thursday, as markets reacted to the latest interest rate decision from the ECB. Many believe the Federal Reserve could take a similar approach, hiking…

Decentralize and the week’s Breaking News: SVB, USDC and BTC to 26k

boss

Breaking news and insightful views: Decentralize with Cointelegraph drops a new style of podcast, curated for you by the Cointelegraph news team. Breaking news and insightful views: Decentralize with Cointelegraph drops a new style of podcast, curated for you by the Cointelegraph news team.  Decentralize with Cointelegraph, hosted by Global Reporter Joe Hall dissects the crypto market’s breaking–and most impactful news of the past week. From the Silicon Valley Bank fallout to the Consumer Price Index to Bitcoin’s (BTC) brief price pump above $26,000, the period the week commencing March…

Digital Assets Worth 2 Billion Rubles Issued in Russia in Less Than a Year – Bitcoin News

boss

Digital financial assets (DFAs) for a total exceeding $26 million have been issued in Russia in the past year. This new market has been developing since it was regulated in 2021 and the country’s monetary authority started licensing issuers in the following year. Volume of Digital Assets Increases in Russia as Investors Seek Alternatives to Traditional Instruments Less than a year since Central Bank of Russia (CBR)-approved entities began issuing digital financial assets, these have issued DFAs for 2 billion rubles (over $26 million). The data was announced by Ekaterina…

BTC Moves Briefly Back Above $25,000 – Market Updates Bitcoin News

boss

Bitcoin briefly moved back above $25,000 on Thursday, as markets rebounded from a volatile session the day prior. The potential collapse of Credit Suisse was somewhat averted, following an intervention from the Swiss National Bank, which has helped calm markets. Ethereum mostly consolidated in today’s session. Bitcoin Bitcoin (BTC) rose back above the $25,000 level in today’s session, as market volatility eased, as the Swiss National Bank moved to prevent a collapse of Credit Suisse. Following a low of $23,964.91 on Wednesday, BTC/USD rallied to an intraday peak of $25,240.62…

After Presidential Rebuke, Nigeria’s Central Bank Says Demonetized Naira Banknotes Still Legal Tender – Africa Bitcoin News

boss

The Nigerian central bank has said the recently demonetized ₦200, ₦500 and ₦1,000 banknotes will remain legal tender until Dec. 31, 2023. The central bank statement, which reaffirms a Supreme Court ruling that extended the lifespan of the demonetized naira banknotes, followed a rebuke of the CBN by the outgoing Nigerian president, Muhammadu Buhari. Central Bank’s Silence and the Resulting Speculation The Central Bank of Nigeria finally issued a statement on March 13 reaffirming a Supreme Court ruling which extended the lifespan of the recently demonetized naira notes. In the…

Meta Announces 10,000 Layoffs in ‘Year of Efficiency’ Move; Singles Out AI Over Metaverse as ‘Largest Investment’ – Bitcoin News

boss

Meta, the social media company, will continue to shed part of its workforce, recently announcing 10,000 new layoffs to be executed during 2023 as part of its new efficiency policy. Mark Zuckerberg, CEO of the company, stated that artificial intelligence (AI) was currently the company’s most prominent investment, even over the metaverse. Meta Announces 10,000 Layoffs, Striving to Achieve Sustainability Meta, the parent company of platforms like Facebook, Instagram, and Whatsapp, has announced a new set of moves as part of its “year of efficiency” policy. In a Facebook post,…

Founder of Crypto Exchange Bitzlato Denies US Charges – Exchanges Bitcoin News

boss

The founder of cryptocurrency exchange Bitzlato has denied guilt in a money laundering case in the United States. Anatoly Legkodymov was arrested in Miami, in mid-January, for his role in running the trading platform which allegedly processed over $700 million in illicit funds. Bitzlato Founder Legkodymov Appears in US Court Anatoly Legkodymov, one of the founders and majority owner of the Russia-linked crypto exchange Bitzlato, has made his first appearance in New York federal court on Tuesday, the Law360 portal reported. He has been ordered held without bail over allegations…

FBI Says Crypto Investment Fraud Rose 183% to $2.57 Billion in 2022 – Featured Bitcoin News

boss

The Federal Bureau of Investigation (FBI) says cryptocurrency investment fraud rose 183% from $907 million in 2021 to $2.57 billion in 2022, based on data from its Internet Crime Complaint Center (IC3). The FBI also warned the public of “a spike in cryptocurrency investment schemes.” FBI’s Crypto Crime Statistics The Federal Bureau of Investigation (FBI) published its 2022 Internet Crime Report last week. The report is compiled using data from the agency’s Internet Crime Complaint Center (IC3) which “serves as a public resource to submit reports of cyberattacks and incidents,”…

Court Dismisses Former Monero Developer’s Bid to Have His Extradition to South Africa Declared Illegal – Regulation Bitcoin News

boss

The Supreme Court of Appeal (SCA) in South Africa has rejected former Monero lead maintainer Riccardo Spagni’s bid to have it declare his extradition from the United States to South Africa illegal. In its ruling, the Supreme Court of Appeal insisted that Spagni did not sufficiently argue for the voiding of the extradition process. Spagni Challenges Extradition Process A South African court has dismissed former Monero lead developer Riccardo Spagni’s attempt to have his extradition from the United States to South Africa ruled illegal, a local report has said. In…

India, UAE Collaborate to Boost Cross-Border Central Bank Digital Currency Transactions – Regulation Bitcoin News

boss

India’s central bank, the Reserve Bank of India (RBI), and the Central Bank of the United Arab Emirates (UAE) have agreed to collaborate on cross-border central bank digital currency (CBDC) transactions of remittances and trade. The initiative is “expected to reduce costs, increase efficiency of cross border transactions and further the economic ties between India and UAE,” India’s central bank explained. India and UAE Collaborate on CBDCs India’s central bank, the Reserve Bank of India (RBI), announced Wednesday a collaboration with the Central Bank of the United Arab Emirates to…