Tag: News

DOGE, SHIB Fall to Lowest Levels Since January – Bitcoin News

boss

Dogecoin dropped to its lowest level since January, as a red wave swept through cryptocurrency markets. The Silvergate bank based sell-off has impacted overall sentiment, with the global crypto market cap down 3.63% as of writing. Shiba inu also dropped, falling to a six-week low. Dogecoin (DOGE) Dogecoin (DOGE) dropped to a multi-month low on Friday, as the Silvergate based sell-off has impacted overall sentiment in the marketplace. Following a high of $0.08084 on Thursday, DOGE/USD fell to an intraday bottom at $0.07424 earlier today. This sell-off has pushed the…

Ebb and Flow of Stablecoin Economy Continues With BUSD’s Market Cap Dropping Below $10 Billion Range – Altcoins Bitcoin News

boss

The realm of stablecoins is an ever-evolving landscape and the number of coins in circulation for the stablecoin BUSD has fallen below the 10 billion mark to approximately 9.68 billion on March 3, 2023. Over the last 30 days, BUSD’s token supply has dropped 40% lower. In contrast, the number of tethers in circulation has increased by 4.7% to 71.11 billion in the last month. BUSD Slips Below $10 Billion, Tether Supply Rises by 4.7% to Over $71 Billion In the stablecoin economy, currency supply fluctuations are key drivers of…

BTC, ETH Hit Multi-Week Low, as Silvergate Uncertainty Spooks Markets – Market Updates Bitcoin News

boss

Bitcoin dropped to a two-week low on Friday, as crypto markets continued to react to the uncertainty surrounding Silvergate. The solvency of the bank has been put into question, with Binance, Coinbase and other exchanges moving to halt transactions. Ethereum also edged lower, falling below $1,600 in the process. Bitcoin Bitcoin (BTC) plunged further into the red on Friday, as markets reacted to fallout surrounding Silvergate. The crypto bank recently announced that it wouldn’t be able to file its annual report to the Security and Exchange committee, whilst hinting at…

Crypto Exchange Bitzlato Restores Access to User Funds – Exchanges Bitcoin News

boss

Russia-linked cryptocurrency exchange Bitzlato has begun processing withdrawals of digital assets belonging to its customers. The trading platform was shut down in an operation carried out by law enforcement agencies in the U.S. and Europe alleging that it had been used to launder dirty money. Bitzlato Allows Withdrawals After Staying Offline for Weeks Users who have deposited funds to Bitzlato can now start to withdraw their coins, the recently seized crypto exchange said in a Telegram message. The announcement comes after a period of over a month during which the…

Ride With BitKeep and Seize the Opportunity as Arbitrum Argonaut Makes Waves – Press release Bitcoin News

boss

press release PRESS RELEASE. How to participate in the Arbitrum ecosystem as Layer 2 continues gaining traction? The Ethereum’s Layer 2 (L2) players have been performing exceptionally well to date, with impressive TVLs in the ecosystems of Arbitrum, Polygon, and Optimism as the market rebounds. Among these, Arbitrum has the largest TVL, accounting for almost 50% of L2 markets and 3% of the entire Ethereum mainnet. Arbitrum has consistently demonstrated strong operational capabilities with technical upgrades: the launch of dual mainnets – Arbitrum Nova and Arbitrum One and the debut…

Spanish Tax Agency Puts Crypto in Its Sights for the Upcoming Tax Season – Taxes Bitcoin News

boss

The Spanish tax agency has included crypto as part of its new guidelines for this year’s upcoming tax collection season. Apart from boosting the channels for voluntary tax applications, the agency will potentiate the investigation of cryptocurrency in digital payments, including potentially seizing cryptocurrency associated with tax debts and criminal activity. Spanish Tax Agency to Intensify Crypto Tax Oversight The Spanish tax agency is preparing its crypto strategy for the upcoming tax collection season. On Feb. 27, the agency revealed several guidelines to increase the collection of taxes related to…

Investment Fund Focused on Crypto Mining to Be Created in Russia – Mining Bitcoin News

boss

The establishment of Russia’s first mutual investment fund dedicated to financing cryptocurrency mining operations is underway. According to a report by the Russian press, it will be available to qualified investors and will finance the acquisition of coin minting equipment. Russian Crypto Mining Sector to Attract Shareholders Through Investment Fund Work has begun to set up the first mutual fund for investments in crypto mining enterprises in Russia, the business daily Kommersant reported. It will operate as a venture fund for the purchase of mining hardware through a special entity…

Unity Gaming Engine Launches Blockchain and Web3 Integration Options – Blockchain Bitcoin News

boss

Unity, a gaming engine development company, has announced the introduction of several blockchain-based integration options to its platform. The new options offer opportunities for developers, that will be able to take advantage of digital identity, tokens, non-fungible tokens (NFTs), and other technologies with direct integration into the Unity engine. Unity Reveals New Decentralization Push in Its Gaming Engine Unity, one of the biggest companies in the gaming industry, has announced support for a number of new blockchain technologies in its engine. The options, which are developer-focused, will allow users to…

HSBC, Nationwide Impose New Restrictions on Cryptocurrency Purchases in UK – Featured Bitcoin News

boss

HSBC and Nationwide have imposed new restrictions on cryptocurrency purchases in the U.K. The two financial institutions cited a warning from the Financial Conduct Authority (FCA), the British regulator overseeing the financial services industry, regarding the risks involved in purchasing cryptocurrencies. Nationwide’s Crypto Purchase Restrictions British financial institution Nationwide Building Society allegedly sent an email to its customers on Thursday to inform them of restrictions on cryptocurrency purchases. According to the email shared by several people on Twitter, Nationwide wrote, “We will be introducing restrictions on purchasing crypto currency from…

US Senators Probe Crypto Exchange Binance About ‘Potentially Illegal Business Practices’ – Regulation Bitcoin News

boss

Three U.S. senators have asked crypto exchanges Binance and Binance US for documents and answers pertaining to “potentially illegal business practices.” The lawmakers told Binance CEO Changpeng Zhao (CZ): “Your actions have called into question the legitimacy of your business and the safety of your customers’ assets.” U.S. Lawmakers Probe Binance U.S. Senators Elizabeth Warren (D-MA), Chris Van Hollen (D-MD), and Roger Marshall (R-KS) sent a letter to Binance and Binance US on Wednesday, calling for the crypto exchanges to “provide transparency about potentially illegal business practices.” The letter, addressed…