Cryptocurrency Market

  • Market Cap: $2,291,607,627,569.80
  • 24h Vol: $76,243,967,602.29
  • BTC Dominance: 56.05%
biggest-movers:-doge-down-10%,-falling-to-lowest-point-since-october

Biggest Movers: DOGE Down 10%, Falling to Lowest Point Since October

Dogecoin fell to its lowest level since October, as cryptocurrency prices plunged during Friday’s session. Overall, the global crypto market cap dropped by nearly 9% today, which seems to have been triggered by yesterday’s liquidation of Silvergate bank. Litecoin has been another notable mover, falling by over 17%. Dogecoin (DOGE) Dogecoin fell to a five-month […]

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fed-chair-powell-provides-update-on-us-central-bank-digital-currency

Fed Chair Powell Provides Update on US Central Bank Digital Currency

Federal Reserve Chairman Jerome Powell has provided an update on the Fed’s central bank digital currency (CBDC) work in a hearing before the House Financial Services Committee. While stating that the Fed is “making progress on technological issues,” Powell stressed that “policy issues are equally important.” Fed Chair Powell on CBDC Progress During a hearing

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digital-real-pilot-to-run-on-ethereum-compatible,-permissioned-blockchain

Digital Real Pilot to Run on Ethereum-Compatible, Permissioned Blockchain

According to the Central Bank of Brazil, the digital real pilot project will use an Ethereum-compatible, permissioned blockchain for the issuance of the tokenized version of the country’s currency. Hyperledger Besu, the open-source platform elected for the tests, will allow the project to run without any licensing costs and to deal with maintenance costs later,

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new-york-attorney-general-files-lawsuit-against-kucoin-and-declares-ethereum-a-security

New York Attorney General Files Lawsuit Against Kucoin and Declares Ethereum a Security

On March 9, 2023, New York attorney general Letitia James announced that her office had once again cracked down on crypto platforms by filing a lawsuit against the Seychelles-based crypto exchange Kucoin. Members of the Office of the Attorney General (OAG) were able to purchase crypto assets, despite the exchange not being registered in the

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us-accounting-watchdog-issues-warning-on-crypto-proof-of-reserve-audits:-investors-urged-to-exercise-caution

US Accounting Watchdog Issues Warning on Crypto Proof-of-Reserve Audits: Investors Urged to Exercise Caution

According to a recent warning by the U.S. Public Company Accounting Oversight Board (PCAOB), crypto proof-of-reserve (POR) audits have limitations, and the board believes that investors should exercise caution when dealing with companies using POR audits. PCAOB Calls for Investor Caution and Due Diligence When Using Proof-of-Reserve Reports The U.S. accounting watchdog recently issued an

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expert-warns-of-possible-deflationary-depression-as-money-supply-contracts:-‘pay-attention-to-qt-and-the-money-supply’

Expert Warns of Possible Deflationary Depression as Money Supply Contracts: ‘Pay Attention to QT and the Money Supply’

During the Covid-19 pandemic, central banks such as the U.S. Federal Reserve loosened fiscal and monetary policy. Now, these same financial institutions are seemingly engaging in quantitative tightening (QT) practices. According to Nick Gerli, CEO and founder of Reventure Consulting, “the money supply is officially contracting.” This has only happened four times in the last

Expert Warns of Possible Deflationary Depression as Money Supply Contracts: ‘Pay Attention to QT and the Money Supply’ Read More »

elizabeth-warren-blames-‘crypto-risk’-for-silvergate-bank’s-liquidation,-critics-dismiss-senator’s-claims-as-‘terribly-misinformed’

Elizabeth Warren Blames ‘Crypto Risk’ for Silvergate Bank’s Liquidation, Critics Dismiss Senator’s Claims as ‘Terribly Misinformed’

After Silvergate Bank announced its voluntary liquidation, U.S. senator Elizabeth Warren is attributing the financial institution’s downfall to “crypto risk.” According to Warren, she had previously warned about Silvergate. However, some critics are dismissing Warren’s opinion as “terribly misinformed” and claim that she is “tossing out egregious accusations.” Crypto Proponents Offer Different Perspectives on Silvergate

Elizabeth Warren Blames ‘Crypto Risk’ for Silvergate Bank’s Liquidation, Critics Dismiss Senator’s Claims as ‘Terribly Misinformed’ Read More »

biggest-movers:-matic,-sol-fall-to-lowest-point-since-january

Biggest Movers: MATIC, SOL Fall to Lowest Point Since January

Polygon fell to its lowest point since January earlier in today’s session, as overall sentiment in crypto markets remained bearish. Overall, the global market cap is now down 1.46% as of writing. Solana also slipped on Thursday, as the token neared a two-month low. Polygon (MATIC) Thursday saw polygon (MATIC) drop to its weakest point

Biggest Movers: MATIC, SOL Fall to Lowest Point Since January Read More »

esg-analyst-daniel-batten-reveals-dynamic-charts-showing-bitcoin’s-52.6%-sustainable-energy-use

ESG Analyst Daniel Batten Reveals Dynamic Charts Showing Bitcoin’s 52.6% Sustainable Energy Use

Environmental, social, and governance (ESG) analyst Daniel Batten said Tuesday that the computational backbone of the Bitcoin network now uses 52.6% sustainable energy. Batten and onchain analyst Willy Woo created Dynamic Bitcoin ESG Charts to showcase the protocol’s progress. Contrary to Cambridge University Data, Analyst Says Bitcoin Mining Uses 52.6% Sustainable Energy These days, there

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bitcoin,-ethereum-technical-analysis:-btc-moves-to-fresh-multi-week-low-following-silvergate-liquidation-announcement

Bitcoin, Ethereum Technical Analysis: BTC Moves to Fresh Multi-Week Low Following Silvergate Liquidation Announcement

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 Bitcoin (BTC) fell for a fourth straight session on Thursday, as markets reacted to news that

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