Crypto news

Ethereum price is moving higher above the $1,620 resistance against the US Dollar. ETH price is now trading above $1,600 and the 55 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $1,625 on the 4-hours chart (data feed from Coinbase). The pair could climb further if it stays above the $1,600 support zone. Ethereum price is consolidating above the $1,620 level against the US Dollar. ETH/USD could rise further if it...

The decline of centralized entities has worked out well for their decentralized counterparts. Over the weekend, USDC witnessed a significant trading volume on several decentralized exchanges. Uniswap, for one, reached its highest daily volume ever of $11.84 billion on March 11th. But it isn’t the only decentralized protocol that saw traction. Decentralized Exchanges Register Impressive Growth The development comes in the backdrop of Circle’s USDC de-pegging event that...

Crypto derivatives exchange Bybit has teamed up with Oracle Red Bull Racing to launch an athlete development program called The Bybit Performance Accelerator. According to a press release shared with CryptoPotato, the Accelerator combines education, physiology, and mental well-being to help athletes and professionals continually enhance and improve their performance. Improving the Mental and Physical Well-Being of Athletes The program is designed to evaluate participants’...

Barney Frank – a board member for Signature Bank and former member of U.S. Congress – believes the government had “no objective reason” to force his company into receivership on Friday. Rather, he interpreted the action as an attempt by regulators to “send a very strong anti-crypto message,” throughout the country.  Why Close Down Signature? In a phone interview with CNBC, Frank said that Signature Bank’s customers withdrew $10 billion from the firm in a bank-run style panic...

Japanese multinational automobile manufacturer – Nissan – has reportedly filed for four Web3-related trademarks at the United States Patent and Trademark Office (USPTO) last week. The applications are for its Infiniti, Nismo, and Nissan brands. According to the filing, Nissan intends to strengthen its foothold in the web3 space by creating virtual clothes, cars, headgear, trading cards, toys, tickets, and an online NFT marketplace for trading and minting NFTs. The filing also...

Prosecutors in the case against both Sam Bankman-Fried and his now defunct crypto company FTX are asking the judge overlooking things to allow them access to a virtual private network (VPN) that SBF used to garner access to the internet. They are unsure of what his activities were, and they believe that new bail conditions now need to be set for the former crypto executive. Sam Bankman-Fried Used a Private Network for Internet Access Danielle Sassoon – a prosecutor in...

While the Fed may have bailed out Silicon Valley Bank (SVB)’s depositors on Monday, the market’s uncertainty surrounding the entire banking sector still loom large.  Trading for multiple banking organizations was halted on Monday due to share price volatility, much like SVB last Friday.  According to Nasdaq Trader, trading for Charles Schwab – a multinational financial services company with $7.8 trillion in assets under management – was halted on the NYSE at 9:49 am EDT on...

Checking if the site connection is secure Enable JavaScript and cookies to continue www.coinspeaker.com needs to review the security of your connection before proceeding.

Checking if the site connection is secure Enable JavaScript and cookies to continue www.coinspeaker.com needs to review the security of your connection before proceeding.

Is an all-out crypto war coming? That’s the sentiment of many analysts now that the Securities and Exchange Commission (SEC) has sworn to sue Paxos, the issuer of stable coin BUSD. The agency says that the firm has been selling the asset as an unregistered security. The SEC Clearly Hates Crypto Under normal circumstances, this wouldn’t be any big deal. After all, it’s not like the SEC has had a great attitude towards crypto in the past, though it seems to be making a lot...