Cryptocurrency Market

Cryptocurrency Market

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  • Market Cap: $2,241,930,019,100.91
  • 24h Vol: $79,988,165,916.61
  • BTC Dominance: 56.36%

Cryptocurrency

usdc-dominated-trading-volume-on-decentralized-exchanges-amidst-depegging-incident

USDC Dominated Trading Volume on Decentralized Exchanges Amidst Depegging Incident

Leave a Comment / Auto-Conversion, Binance, Bitcoin, BitPay, Coinbase, coingecko.com, Crypto, Crypto Hacked, Crypto.com, Cryptocurrency, Curve, DAI, decentralized exchange, depegging, DEX, Ethereum, FRAX, Global Trade Volume, GUSD, Kraken, KuCoin, Market Updates, MIM, Pancakeswap, Pancakeswap v2, Payment processor, Stablecoin, Stableswap, Tether, trading, uniswap, uniswap v3, US Dollar, USDC, wrapped ether / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

On Saturday, several centralized crypto trading platforms and payment processors stopped USDC auto conversions. However, USDC experienced a significant trading volume on decentralized exchange (dex) platforms such as Uniswap, Curve, and Pancakeswap. Uniswap alone recorded $10.13 billion in trades over the past day, with more than 55% of those swaps involving USDC against wrapped ether, […]

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Revised Bill Suggests Prison Time for Russian Crypto Miners Evading Taxation

Leave a Comment / bill, Bitcoin, Crypto, crypto assets, Crypto Hacked, crypto miners, crypto mining, Cryptocurrencies, Cryptocurrency, declaration, Ethereum, fines, Legislation, Miners, Mining, penalties, prison, prison time, punishment, Regulation, reporting, Russia, russian, sentence, Tax, Taxation / / / , , , , , , , , , , , , , , , , , , , , , ,

A draft law designed to regulate crypto mining in Russia introduces harsh penalties for miners failing to report digital assets to the state. In its latest revision, the bill also threatens to punish those who organize illegal trading of cryptocurrencies with imprisonment and hefty fines. Forced Labor Awaits Miners and Traders Who Operate Outside Law,

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usdc-stablecoin-depegging-causes-concern-among-crypto-advocates,-5-other-stablecoins-slip-below-parity

USDC Stablecoin Depegging Causes Concern Among Crypto Advocates, 5 Other Stablecoins Slip Below Parity

Leave a Comment / Banking, Binance, Bitcoin, BitPay, Blockchain, Cash, Circle, Circle Financial, Circle USDC, Coinbase, Crypto, Crypto Hacked, Crypto.com, Crypto.com USDC, Crypto.com USDC suspension, Cryptocurrency, DAI, Decentralized, depegging, Digital Assets, Ethereum, Exchanges, Finance, Fintech, FRAX, GUSD, Investors, Liquidity, Market Capitalization, market volatility, News, Regulation, risk management, Silicon Valley Bank, Stablecoin, SVB, SVB deposits, Tether, trading, USD parity, USDC, USDC Depeg, USDC depegging, USDD, USDP / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

On Saturday, March 11, 2023, crypto advocates are concerned as a few stablecoin assets have depegged from their $1 parity. The second-largest stablecoin USDC, issued by Circle Financial, fell below $0.90, reaching a low of $0.877 per coin. Additionally, around five other stablecoins have dropped below the U.S. dollar parity during the early morning (ET)

USDC Stablecoin Depegging Causes Concern Among Crypto Advocates, 5 Other Stablecoins Slip Below Parity Read More »

kazakhstan-shuts-down-crypto-exchange-that-transferred-$34-million-through-binance

Kazakhstan Shuts Down Crypto Exchange That Transferred $34 Million Through Binance

Leave a Comment / authorization, Binance, Bitcoin, Crypto, crypto assets, crypto exchange, Crypto Hacked, Cryptocurrencies, Cryptocurrency, Ethereum, Exchange, Exchanges, fma, illegal, Kazakhstan, License, regulator, Seizure, shutdown, unauthorized, unlicensed, Wallets, watchdog / / / , , , , , , , , , , , , , , , , , , ,

Authorities in Kazakhstan have busted an illegal crypto trading platform, seizing over $350,000. The exchange allegedly processed almost $34 million in transactions through wallets on Binance, two of which have been blocked during the ongoing investigation. Digital Asset Exchange Making Millions in Turnover Closed Down in Kazakhstan A platform illegally trading cryptocurrencies in Kazakhstan, ABS

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Binance Bans Russians From P2P Transactions With Dollars and Euros

Leave a Comment / Binance, Bitcoin, Crypto, crypto assets, crypto exchange, Crypto Hacked, crypto traders, Cryptocurrencies, Cryptocurrency, Dollar, Ethereum, EU, Euro, Exchange, Exchanges, Fiat, fiat currencies, restrictions, Russia, russian, Russian users, russians, Sanctions, Traders, transactions / / / , , , , , , , , , , , , , , , , , , , , ,

Cryptocurrency exchange Binance has introduced new restrictions for Russian users, in accordance with the latest European sanctions. The platform is restricting access to peer-to-peer (P2P) transactions in U.S. dollars and euros for traders based in the Russian Federation. Binance Prohibits US Dollar and Euro Transactions for Russians on Its P2P Market The world’s largest crypto

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bitcoin-price-outlook-for-march

Bitcoin Price Outlook for March

Leave a Comment / Bear Market, Bitcoin, BTC, Crypto Hacked, Cryptocurrency, Ethereum, Market Updates, Technical Analysis / / / , , , , ,

There are only ten days into March, and volatility in the crypto markets has heightened, with both bitcoin and ethereum falling to two-month lows. A collapse in Silvergate Bank was one of the major catalysts leading to this month’s bearish sentiment, which now sees bitcoin trading under $20,000. With over three weeks remaining in March,

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biden-budget-proposal-targets-crypto-investors-using-like-kind-exchange-provision;-plan-aims-to-tax-crypto-miners-30%

Biden Budget Proposal Targets Crypto Investors Using Like-Kind Exchange Provision; Plan Aims to Tax Crypto Miners 30%

Leave a Comment / 1031 exchange rule, Biden, Biden provision, Bitcoin, bitcoin tax, BTC tax, budget, computational capacity, corporate tax, Crypto Hacked, Crypto investors, Crypto tax, Cryptocurrencies, Cryptocurrency, deficit, Digital Assets, Digital Currencies, Diversification, Economy, Electricity, Ethereum, excise tax, fossil fuel, Internal Revenue Code, IRS, Joe Biden, like-kind exchange, Liquidity, middle-out, Military Spending, Mining, News, phased tax, presidential race, rates, Real estate, Tax, tax bitcoin, tax BTC, tax crypto, tax deferral, tax incentives, tax loopholes, tax planning, taxable gains, U.S. president, ultra-wealthy, wealthy Americans, White house / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

On Thursday, the Biden administration released the U.S. president’s 182-page budget proposal for the fiscal year 2024, which aims to “grow the economy from the bottom up and middle out.” The budget includes an $835 billion increase in military spending, but the administration claims it will reduce the deficit by $3 trillion over the next

Biden Budget Proposal Targets Crypto Investors Using Like-Kind Exchange Provision; Plan Aims to Tax Crypto Miners 30% Read More »

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

Leave a Comment / Bitcoin, broker-dealer, Coinex, commodities, crypto assets, crypto exchange, crypto forums, Crypto Hacked, crypto platforms, Cryptocurrency, Developers, enforcement action, Ethereum, ethereum security, Exchange, ICO, Impact, investment, KuCoin, Lawsuit, Letitia James, Market Capitalization, New York Attorney General, News, OAG, registered, Regulation, Securities, Seychelles, Social Media, State, U.S. dollar / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

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

Leave a Comment / accounting watchdog, advisory warning, Asset Management, asset verification, audits, Bitcoin, caution, Criticism, crypto companies, Crypto Hacked, crypto industry, Cryptocurrency, deceptive, Digital Assets, due diligence, Ethereum, Exchanges, financial accountability, financial disclosure, financial oversight, Financial Regulation, financial reporting, financial stability, incomplete, investor protection, Investors, lack of uniformity, liabilities, limitations, Martin Hiesboeck, misleading, News, PCAOB, Proof of Reserve, public trust, risk management, SEC, service providers, stablecoin issuers, Transparency, undue reliance / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

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

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

Leave a Comment / Accusation, Allegations, AML, bank supervision, Bipartisan, Bitcoin, Blockchain, commentary, Criticism, Critics, crypto business operators, crypto CFA, Crypto Hacked, crypto risk, Cryptocurrency, disgust, downfall, due diligence, elected officials, Elizabeth Warren, Ethereum, Executive Branch, failure, fear mongering, financial institution, hardworking people, honest, Investors, Liquidation, News, political self elevation, posturing, principle of due process, propaganda, Ram Ahluwalia, Regulators, Responsibility, risky activity, scandal, Senators, Silvergate Bank, Silvergate Downfall, Silvergate Liquidation, Social Media, support, Twitter / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

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 »