The crypto market was clearly affected, after Bitcoin fell to the level of $23,000, which it maintained with great difficulty, and the rest of the alternative digital currencies were affected, as usual. Mounting fears of inflation: The PCE price index showed that the US inflation rate rose to 5.4% year-on-year in January, up from 5.3%…
Bitcoin continues to fluctuate in price, with its inability to overcome the $25,000 level, and even increased its decline to $23,000 levels, while trying to maintain and stay above $23,000. Currently most altcoins are also in the red, with losses in double digit percentages for some altcoins like FIL and STX. Bitcoin is trying to…
Circle CEO Jeremy Aliyer has responded to the latest wave of legal action taken by the US Securities and Exchange Commission (SEC) and other agencies against the crypto industry. In an interview with Bloomberg, the Head of Circle shared his views on the SEC’s recent moves on stablecoin issuer BUSD from Paxos. Boston-based Circle is…
The federal court presiding over the former FTX CEO’s case has issued an order releasing the indictment. This indictment contains 12 separate criminal offenses. In an indictment filed with the United States District Court for the Southern District of New York on February 22, United States Attorney General Damien Williams claimed that Sam Bankman-Fred’s actions…
Liquidators sell Three Arrows Capital’s NFT for a refund! A notice posted last Wednesday reported that Three Arrows Capital’s liquidators would offer to sell the bankrupt company’s prized NFT pool. This step comes as the party supervising the liquidation intensifies its efforts to recover the $3.5 billion owed to its creditors. According to Teneo, the…
According to a tweet by Kevin O’Leary, the famous investor and host of “Shark Tank”, cryptocurrency exchanges will continue to go to zero until the necessary regulations and legal regulations are put in place. O’Leary believes that the lack of regulation is the reason unregulated crypto exchanges have exploded and failed. In his recent interview…