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Bybit Halts US Dollar Deposits via Bank Transfer Due to Service ‘Outages’ From Partner
4.3.2023
On March 4, 2023, cryptocurrency exchange Bybit announced that it had suspended U.S. dollar deposits via bank transfer. Bybit cited “outages” from its partner as the reason for the suspension of USD deposits via bank transfers and the SWIFT network. Bybit Suspends USD Deposits, Wire...
Biggest Movers: DOGE, SHIB Fall to Lowest Levels Since January
3.3.2023
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)...
Biggest Movers: ADA Hits Multi-Week Low, as Red Wave Hits Crypto Markets
2.3.2023
Cardano fell to a multi-week low on March 2, as cryptocurrency prices were mostly lower in today’s session. The global market cap has mostly declined on Thursday, and is trading 1.71% lower as of writing. Cosmos was also in the red, with prices retreating to a key price floor. Cardano (ADA)...
Dubai’s Crypto Industry Welcomes New Licensing Regime Amid Global Regulatory Uncertainty
2.3.2023
The emirate’s ambitious framework tackles a broad range of assets and activities, designed to attract firms seeking regulatory clarity
Crypto donations amplify speed and global reach during crisis
2.3.2023
Cryptocurrencies are proving useful in facilitating fast and unencumbered donations during crises, as recently seen during earthquake relief efforts in Turkey and Syria
Biggest Movers: AVAX Hits 2-Week Low as DOT Extends Recent Losses
28.2.2023
Avalanche fell to a two-week low on Tuesday, as the token broke out of a key support point. Prices fell below a floor at $17.50, which comes as the global cryptocurrency market cap is down by 1.01% as of writing. Polkadot also extended its recent losses, falling by nearly 3% on Feb. 28. Avalanche...
Americans 'frustrated' by financial system inequality, 20% own crypto: Survey
28.2.2023
Crypto ownership among U.S. adults has remained steady over the last 12 months, with a large portion seemingly "frustrated" by the one-sided global financial system
Artificial Intelligence Crypto Assets Continue to Surge, Accounting for $4 Billion in Market Value
27.2.2023
Following a brief downturn in mid-February 2023, artificial intelligence (AI) crypto assets have continued to see gains over the last 30 days. Currently, out of 74 listed AI-focused cryptocurrencies, the net value of all these tokens has risen to more than $4 billion, which accounts for 0.37%...
Biggest Movers: SHIB, LTC Marginally Higher During Volatile Start to the Week
27.2.2023
Shiba inu started the week trading marginally higher, despite cryptocurrencies mostly consolidating on Feb. 27. At the time of writing, the global market cap is currently up 0.83%, as volatility has intensified. Litecoin also rebounded on Monday, hitting a four-day high. Shiba Inu (SHIB) Shiba...
Mawson Infrastructure Group Launches Bitcoin Mining Operation in Pennsylvania, Exits Australia
27.2.2023
The bitcoin mining operation, Mawson Infrastructure Group, Inc., announced that the firm has broken ground at a new site in Sharon, Pennsylvania. Reports detail that Mawson has delivered six modular production units capable of housing 3,528 application-specific integrated circuit (ASIC) bitcoin...
FSB, IMF and BIS papers to set global crypto framework, says G20
26.2.2023
A series of recommendations and papers setting standards for a global crypto regulatory framework will be released by the institutions in July and September
The IMF and the U.S. Support India's Plan to Coordinate Global Crypto Regulation at G20
26.2.2023
The International Monetary Fund and the United States have shown support for India's plan to coordinate global crypto regulation during the recent G20 meeting.
India, which currently holds the G20 presidency, has been pushing for a collective global effort to regulate the nascent digital asset...
BRICS Nations ‘Coalescing Against the Dollar,’ Major Banks Predict More Fed Hikes, Bitcoin Records Large Blocks as Ordinals Gain Currency
26.2.2023
In spite of turbulence in traditional global finance, with BRICS nations said to be pushing for de-dollarization and major banks like Bank of America and Goldman Sachs predicting further interest rate hikes from the U.S. Federal Reserve, creativity in crypto has found a new boon in the form...
Over 200 Jurisdictions Agree on Timely Implementation of FATF Crypto Standards
26.2.2023
The Financial Action Task Force (FATF) says delegates from over 200 jurisdictions have agreed on “an action plan to drive timely global implementation of FATF standards” on crypto assets. The standard-setting body said many countries have failed to implement its previous requirements...
Global Crypto Rules to be Based on Coming FSB & IMF Synthesis Paper, India Says After G20 Meetings
25.2.2023
Going forward, the basis of global crypto rules will be formed on a new synthesis paper, jointly produced by the International Monetary Fund (IMF) and the Financial Stability Board (FSB)
Bitcoin Mining Difficulty Reaches All-Time High as Miners Face Second-Largest Increase This Year
25.2.2023
Bitcoin’s mining difficulty reached an all-time high (ATH) on Feb. 24, 2023, at block height #778,176, reaching 43.05 trillion hashes and surpassing the 40 trillion mark for the first time ever. The network’s difficulty increased by 9.95%, which is the second-largest rise this year...
Coordinated global crypto policies: G20 key financial stability priority
25.2.2023
India's finance minister called for a coordinated effort “for building and understanding of the macro-financial implications,” which could be used to build global crypto reforms
Commodity Strategist Mike McGlone Predicts a Recession as Top Catalyst for Gold’s Rise Above $2,000
24.2.2023
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...
5 ways CBDCs could impact the global financial system
24.2.2023
CBDCs could revolutionize the financial system by increasing efficiency, transparency and financial inclusion while reducing the use of cash
FATF Agrees on Action Plan to Drive Implementation of Global Crypto Norms
24.2.2023
The global financial crime watchdog's plenary, made up of 206 members of observer organizations like the IMF and the UN, will also take stock of what jurisdictions have been doing so far