March 9, 2023 40,000 BTC from US Government Seizures in Motion: What Could It Mean for Bitcoin? The recent news that around 40,000 bitcoins worth circa $1 billion from wallets linked to US government law enforcement seizures have started to move…
March 9, 2023 Silvergate troubles affecting crypto’s USD market depth Crypto’s US Dollar market depth has significantly dropped over the past month following Silvergate’s struggles, according to Kaiko data. US exchanges are becoming less…
March 9, 2023 Bitcoin keeps liquidating longs as BTC price action gives up $22K support Bitcoin longs get punished by relatively small BTC price losses as BTC/USD trends towards significant support lines. Bitcoin (BTC) traders remain sensitive even to…
March 9, 2023 Spot vs. futures ETF: Grayscale’s hearing sheds light on the SEC’s decision-making process During the first appeal hearing for Grayscale’s Bitcoin spot ETF, judges raised concerns about the SEC’s reasoning, stating that the SEC had not sufficiently…
March 9, 2023 Bitcoin memory usage full, number of transactions waiting in the mempool exploding to new highs. Quick Take Bitcoin memory usage has exceeded 300MB, with a capacity of 545 MB We are currently seeing <3.00 sat/vB being purged, while high…
March 9, 2023 ***** administration set to overhaul crypto-tax regime in the United States President Joe *****’s taxation guidelines for 2024 will remove tax deductions for losses from crypto-wash sales New budget proposal will also double the capital…
March 9, 2023 Fraudsters Offer Russians Bogus Chance to Invest in Fake ‘State Cryptocurrency’ Internet users in Russia have been targeted in an email campaign advertising the launch of an alleged cryptocurrency issued by the state. Potential victims…
March 9, 2023 Crypto buyers flee the market as headwinds intensify, global market cap falls below $1T According to CryptoSlate data, the total crypto market cap fell below $1 trillion, marking a three-week low. Similarly, market leader Bitcoin lost $22,000 as…
March 9, 2023 German regulator BaFin suggests a ‘case-by-case’ approach for NFTs Given the difficulties with classification, BaFin highlights the freedom of nonfungible tokens from licensing demands. Federal Financial Supervisory Authority of Germany (BaFin) is not…
March 9, 2023 Signature Bank plummets in share price pre-market, after news of Silvergate halting operations Quick Take As of March 9, Silvergate will halt operations and undergo liquidation. Silvergate saw a 70% drop in deposits in Q4, followed by…