Tag: News

US Regulators and Federal Reserve Issue Joint Warning About Crypto Liquidity Risks – Regulation Bitcoin News

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U.S. regulators and the Federal Reserve have issued a joint warning about key liquidity risks associated with crypto assets. However, the regulators clarified that banks “are neither prohibited nor discouraged from providing banking services to customers of any specific class or type, as permitted by law or regulation.” US Regulators Issue Joint Statement on Crypto The Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC) jointly issued a statement regarding crypto on Thursday. The Federal…

Citizens Trust Bank to Hold $65 Million in USDC Reserves as Circle Expands Bank Partnerships – Bitcoin News

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On Friday, the cryptocurrency firm and stablecoin issuer Circle announced that the financial institution Citizens Trust Bank will hold $65 million in usd coin cash reserves. Circle said the move is part of the company’s plan to allocate shares of the stablecoin’s denominated reserves to minority-owned depository institutions (MDIs) and community banks across the United States. Circle Partners With Atlanta-Based Citizens Trust Bank The digital currency firm Circle has announced that Atlanta-based Citizens Trust Bank, founded in 1947, will hold $65 million in usd coin (USDC) reserves. This move follows…

Commodity Strategist Mike McGlone Predicts a Recession as Top Catalyst for Gold’s Rise Above $2,000 – Markets and Prices Bitcoin News

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This week, Bloomberg Intelligence Senior Macro Strategist Mike McGlone shared his March outlook and noted that the “top catalyst” that could push gold above the $2,000-per-ounce range is a recession. McGlone further explained in an update about bitcoin and the Nasdaq that a key ingredient to force the U.S. Federal Reserve to pivot its stance is “a sharp drop in the stock market.” Mike McGlone Shares March Outlook for Precious Metals and Cryptocurrencies Gold and silver prices were lower this past week, with gold close to dropping below the $1,800-per-ounce…

NFT Sales Soar 138% in Past Week, Blur Market Dominates This Week’s ETH-Based NFT Sales – Markets and Prices Bitcoin News

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Non-fungible token (NFT) sales have soared this past week, climbing 138.15% higher than the week before. Sales recorded between last Friday and Feb. 24, 2023, indicate that $801 million in NFT sales have been settled over the last seven days. Ethereum Digital Collectibles and Mutant Ape Yacht Club Lead NFT Sales Surge While crypto asset prices took a step back on Friday, the last seven days have shown a significant rise in NFT sales compared to the previous week. Bitcoin.com News reported last week that NFT sales had surged 43%,…

Kenyan Senate Ready to Engage Central Bank – Bitcoin News

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The Kenyan Senate’s Information, Communication and Technology committee has said it is ready to engage the Central Bank of Kenya (CBK) and other stakeholders in shaping the country’s policy towards crypto assets and virtual asset service providers. According to the committee, such a policy helps govern the use of crypto assets in the country “to ensure Kenya harnesses the benefits of financial innovation while minimizing the risks.” Harnessing the ‘Benefits of Financial Innovation’ A Kenyan Senate committee recently said it has resolved to work with the Central Bank of Kenya…

Eclipse to Launch Rollup Blockchain for Polygon Network with Solana Compatibility – Technology Bitcoin News

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Customizable rollup provider Eclipse announced that the startup is launching a scaling solution that is compatible with Solana and Polygon. Eclipse disclosed that the Layer 2 blockchain can run smart contracts on Solana, and decentralized applications (dapps) will be easily migratable to the Polygon Sealevel Virtual Machine (SVM). How Eclipse’s L2 Scaling Concept Hopes to Improve Blockchain Efficiency On Thursday, rollup provider Eclipse announced that the startup is collaborating with the Polygon team to launch the Polygon Sealevel Virtual Machine (SVM). Eclipse noted that the Polygon SVM will add new…

Global Crypto Regulation Progresses Whilst US Remain Stringent – Blockchain News, Opinion, TV and Jobs

By Marcus Sotiriou, Market Analyst at the publicly listed digital asset broker GlobalBlock (TSXV:BLOK). As Bitcoin consolidates around $24,000, there have been progressive advancements with crypto regulation globally. Firstly, global payments giant Ingenico, who has 40 million terminals in 37 countries, now accepts crypto payments in France as it integrates a digital asset platform. Furthermore, private Bitcoin wallets will not be banned by the EU’s new anti-money laundering bill, so people will be allowed to legally participate in self-custody in the EU – a big win for crypto enthusiasts and digital asset platforms…

BTC Falls Below $24,000 Ahead of US Consumer Sentiment Data – Market Updates Bitcoin News

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Bitcoin fell back below $24,000 on Feb. 24, as markets anticipated the release of the upcoming consumer sentiment figures from the United States. The report from the University of Michigan is expected to show an increase in confidence, despite current inflationary pressures. Ethereum marginally retreated from Thursday’s high. Bitcoin Bitcoin (BTC) was once again trading below $24,000 on Friday, as markets began to anticipate the release of U.S. consumer sentiment data. BTC/USD fell to an intraday low of $23,693.92 earlier in today’s session, less than 24 hours after hitting a…

Nigerian Central Bank Seeks New CBDC Tech Partner — Bank Urged to Improve E-Naira User Experience – Africa Bitcoin News

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More than a year after it launched its central bank digital currency with partner Bitt Inc, the Central Bank of Nigeria is reportedly seeking a new technology partner. The new partner is expected to help the central bank implement a system which gives it greater control of the digital currency. One expert said the central bank should consider improving user experience if it wants to see more Nigerians adopting the e-naira. Controlling the E-Naira’s Underlying Technology The Central Bank of Nigeria (CBN) is seeking to install a new system to…

Binance Looking to Hire Developers, Support Staff in Romania – Exchanges Bitcoin News

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Global crypto exchange Binance is now hiring IT specialists and customer service representatives for its operations in Romania. The leading coin trading platform is also engaged in a number of educational initiatives in collaboration with Romanian universities and authorities. Cryptocurrency Exchange Binance Recruiting Personnel for Romania Offices Binance, the largest crypto exchange by trading volume, intends to hire a number of professionals this year for its technology hub in Iași, Romania’s third largest city. The hub was established in 2022 and the company is now recruiting its staff. Job openings…