The recent collapse of crypto-friendly bank Silvergate will likely increase regulatory scrutiny on the ties between the crypto industry and the banking sector in the U.S.
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US senators write to banking regulators about potential crypto discrimination
The four Republican senators sense hints of the Obama administration’s Operation Choke Point that used regulation against disfavored industries.
4 ETH staking choices that say something about your personality
From liquidity pools to liquid staking and “looping,” here are a few approaches you can take to ETH staking — categorized by the Chinese Zodiac.
Bitcoin battles $20K as trader calls bank chaos '2008 all over again'
BTC price targets extend to $18,000 with Bitcoin bulls increasingly failing to preserve $20,000 as support amid further SVB Financial fallout.
Bitcoin battles $20K as trader calls bank chaos '2008 all over again'
Bitcoin (BTC) struggled to reclaim $20,000 support at the March 10 Wall Street open as fears mounted over Silicon Valley Bank (SVB) contagion.
BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewTrader targets $18,000 BTC price
Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it nursed fresh losses, reaching $19,569 on Bitstamp.
The pair had seen further downside prior to the open as embattled SVB Financial saw another 60% wiped off its stock price.
In a move that mimicked crypto exchange banking partner Silvergate, SVB also began to spark knock-on effects for non-U.S. banks on the day.
For Cointelegraph contributor Michaël van de Poppe, founder and CEO of trading firm Eight, the writing was on the wall.
5 basic principles of finance you should know
Discover the five basic principles of finance to improve your financial literacy, including, time value of money, risk management, compounding and more.
5 basic principles of finance you should know
Discover the five basic principles of finance to improve your financial literacy, including, time value of money, risk management, compounding and more.
Next stop Shanghai — Ethereum’s latest milestone approaches
The Ethereum ecosystem is edging closer to its latest milestone as the Shanghai upgrade draws near.
DAO Maker founder builds game based on abandoned Logan Paul project in just 30 days
“Degen Zoo” has seen more than 115,000 wallets register to join the game, pledging over $700 million.
Nigerian president-elect aims to use blockchain technology in the banking sector
The Nigerian president-elect wants to review existing SEC digital asset regulations to stimulate economic growth.
Nigerian president-elect aims to use blockchain technology in the banking sector
The Nigerian president-elect wants to review existing SEC digital asset regulations to stimulate economic growth.
Dogecoin hits 4-month lows vs. Bitcoin — 50% DOGE price rebound now in play
Dogecoin (DOGE) pared some losses versus Bitcoin (BTC) on March 10, a day after the DOGE/BTC pair fell to its lowest level since October 2022. Can DOGE price see an extended rebound ahead?
On the daily chart, the DOGE/BTC pair reached 331 sats, up 4.75% compared to the previous day's low of 316 sats. The bounce occurred around a multi-month descending trendline, which has capped the pair's downside moves since November 2022.
DOGE/BTC daily price chart. Source: TradingViewDOGE price vs. BTC
Interestingly, the DOGE/BTC descending trendline appears part of a prevailing falling wedge pattern. Traditional chart analysts consider the falling wedge a bullish reversal setup, notably because of the pattern's 62% success rate in meeting its upside price targets.
In Dogecoin's case, the price is wobbling around its falling wedge's apex point, where its upper and lower trendline converge. DOGE's latest rebound from the lower trendline increases its possibility of testing the upper trendline for a breakout, as illustrated in the chart below.
DOGE/BTC daily price chart featuring falling wedge breakout. Source: TradingViewThe upside setup further draws support from the DOGE/BTC's daily relative strength index (RSI) with a reading of around 28. From a technical perspective, an RSI below 30 means the pair is oversold, which could prompt its price to consolidate sideways or rebound.
Dogecoin hits 4-month lows vs. Bitcoin — 50% DOGE price rebound now in play
Dogecoin (DOGE) pared some losses versus Bitcoin (BTC) on March 10, a day after the DOGE/BTC pair fell to its lowest level since October 2022. Can DOGE price see an extended rebound ahead?
On the daily chart, the DOGE/BTC pair reached 331 sats, up 4.75% compared to the previous day's low of 316 sats. The bounce occurred around a multi-month descending trendline, which has capped the pair's downside moves since November 2022.
DOGE/BTC daily price chart. Source: TradingViewDOGE price vs. BTC
Interestingly, the DOGE/BTC descending trendline appears part of a prevailing falling wedge pattern. Traditional chart analysts consider the falling wedge a bullish reversal setup, notably because of the pattern's 62% success rate in meeting its upside price targets.
In Dogecoin's case, the price is wobbling around its falling wedge's apex point, where its upper and lower trendline converge. DOGE's latest rebound from the lower trendline increases its possibility of testing the upper trendline for a breakout, as illustrated in the chart below.
DOGE/BTC daily price chart featuring falling wedge breakout. Source: TradingViewThe upside setup further draws support from the DOGE/BTC's daily relative strength index (RSI) with a reading of around 28. From a technical perspective, an RSI below 30 means the pair is oversold, which could prompt its price to consolidate sideways or rebound.
Coinbase still a buy for Cathie Wood: ARK buys its biggest batch of COIN in 2023
Amid the crypto market facing another wave of panic, Cathie Wood’s ARKK keeps bagging record amounts of Coinbase stock this year.
Judge mulls removing Shaq and Naomi Osaka from FTX lawsuits
The plaintiffs have until December to show cause as to why the two sports stars should not be dismissed from the lawsuit.
SEC of Thailand wants public feedback on crypto lending, staking ban
Thailand's securities regulator believes that crypto firms should not be allowed to deploy users’ deposits and provide lending services.
Rapper The Game's crypto startup gets registration revoked
The SEC said that ParagonCoin Limited violated securities laws for failing to file the required periodic reports.
US Trustee appeals NY Judge’s approval of Voyager deal with Binance.US
The United States Department of Justice filed an appeal against an approval made by N.Y. just days before to allow a billion-dollar sale of assets from Voyager Digital to Binance.US.
Hedera confirms exploit on mainnet led to theft of service tokens
Hedera, the team behind distributed ledger Hedera Hashgraph, has confirmed a smart contract exploit on the Hedera Mainnet that has led to the theft of several liquidity pool tokens.
Hedera said the attacker targeted liquidity pool tokens on decentralized exchanges (DEXs) that derived its code from Uniswap v2 on Ethereum, which was ported over to use on the Hedera Token Service.
The Hedera team explained that the suspicious activity was detected when the attacker attempted to moved the stolen tokens across the Hashport bridge, which consisted of liquidity pool tokens on SaucerSwap, Pangolin and HeliSwap. However, operators then acted promptly to temporarily pause the bridge.
Hedera didn't confirm the amount of tokens that were stolen.
On Feb. 3, Hedera upgraded the network to convert Ethereum Virtual Machine (EVM)-compatible smart contract code onto the Hedera Token Service (HTS).
US Fed to create new crypto team amid concerns about unregulated stablecoins
The Fed’s Vice Chair for Supervision emphasized that they do not want to curb innovation, but ensure that regulations protect households and the financial system.