Bitcoin continued to trade lower on March 9, as prices fell to a fresh multi-week low in today’s session. The decline came as crypto bank Silvergate confirmed that it will be winding down operations. Ethereum also edged lower. Bitcoin...
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The president’s team has already passed one crypto tax-related piece of legislation into law; in 2021, the Bipartisan Infrastructure Framework, which later became the Infrastructure Investment and Jobs Act, included a controversial tax provision that would impose certain reporting...
Officials of the United Kingdom’s Financial Conduct Authority (FCA) appeared before the House of Common’s Treasury Committee on March 8 to discuss the agency’s work. Among the issues raised was cryptocurrency regulation, which the officials approached with a clear...
Hut 8 Mining, one of North America’s largest digital asset miners, released its February production figures on Tuesday, reporting an 8% decline in BTC production. However, the company said it plans to sell the 156 BTC mined during the...
press release PRESS RELEASE. Shellboxes, a leading Web 3 company with top-level blockchain security and consulting services, has announced its commitment to help project owners stay protected amid rising cyberattacks in the industry. The Shellboxes team has raised the...
This comes as Silvergate Bank (SI), once the go-to bank for crypto, faces significant financial headwinds and regulatory scrutiny. Over the past month, the majority of Silvergate’s clients have parted ways with the beleaguered bank and stopped using its...
On Mar. 6, European cryptocurrency investment firm CoinShares published its “Digital Asset Fund Flows Report,” which revealed that Investors have continued to display negative sentiment toward crypto investment products, with outflows totaling $17 million. The negative sentiment was primarily...
Finalto, an institutional trading and liquidity services company, announced that Marco Maggioni joined its team. Maggioni joins as Sales Director with a focus on liquidity and execution services for the institutional market. According to a statement issued by Finalto,...
The Reserve Bank of Australia said on March 3 that it has selected 14 digital currency proposed use cases from a large number of submissions obtained from industry participants. An assistant governor at the RBA, Brad Jones, said the...
The rumor sparked panic on crypto Twitter, however, and it quickly spread across the Colorado convention hall where ETHDenver, one of the year’s largest crypto industry gatherings, was underway. The rumors, if proven true, would suggest that the SEC...