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Cryptocurrency News

Location American Cryptocurrency News for 25 February 2023
IMF Board Offers Guidance for Developing Effective Crypto Policies The executive board of the International Monetary Fund (IMF) has provided guidance for member countries to develop effective crypto policies. The board stressed the need to develop comprehensive crypto regulations to “...
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Citizens Trust Bank to Hold $65 Million in USDC Reserves as Circle Expands Bank Partnerships On Friday, the cryptocurrency firm and stablecoin issuer Circle announced that the financial institution Citizens Trust Bank will hold $65 million in usd coin cash reserves. Circle said the move is part of the company’...
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Commodity Strategist Mike McGlone Predicts a Recession as Top Catalyst for Gold's Rise Above $2,000 This week, Bloomberg Intelligence Senior Macro Strategist Mike McGlone shared his March outlook and noted that the “top catalyst” that could push gold above the $2,000-per-ounce range is a recession. McGlone further ...
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Jump Crypto Trading Firm Strikes Back: Recovers $140 Million Stolen Crypto from Wormhole Hack - Here's What Happened Jump Crypto, the Chicago-based crypto arm of Jump Trading that helped develop DeFi project Wormhole, has managed to counter-exploit the Wormhole protocol hacker and retrieve $140 million worth of tokens. According to a r...
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US Regulators and Federal Reserve Issue Joint Warning About Crypto Liquidity Risks U.S. regulators and the Federal Reserve have issued a joint warning about key liquidity risks associated with crypto assets. However, the regulators clarified that banks “are neither prohibited nor discouraged from pro...
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SBF's new charges, Shapella's fork date and emojis as financial advice: Hodler's Digest, Feb. 19-25 Top Stories This Week Unsealed superseding indictment against Sam Bankman-Fried includes 12 criminal charges Former FTX CEO Sam Bankman-Fried (SBF) was charged on four new criminal counts by a federal judge presiding ove...
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Solana Blockchain Experiences Technical Glitch Causing Transaction Slowdowns The Solana smart contract token network experienced a technical glitch on Saturday, February 25, 2023, known as a “large forking event,” causing transaction failures for some users. Solana’s incident report referre...
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Top 10 Bitcoin-Only Software Wallets You Can Use in 2023 One of the most important things to consider when you own bitcoin is securely storing them, and it's your responsibility to ensure the secure storage of your bitcoin assets.
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U.S. Treasury Janet Yellen calls for 'strong regulatory framework' for crypto activities On the sidelines of the G20 meeting, U.S. Treasury Secretary Janet Yellen said the country is not pushing for an outright banning of crypto activities.
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BUSD Stablecoin Drops from Top 10 Crypto Assets Amid Significant Decrease in Dominance After Paxos announced that it would no longer mint the stablecoin BUSD, 4.98 billion BUSD stablecoins have been removed from circulation to date. The Paxos-managed stablecoin has also fallen out of the top ten crypto ass...
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Crypto Market Slides as Total Value Locked in Defi Falls Below $50 Billion Mark The value of the crypto market has started to slide again after a bullish run-up over the last seven weeks. The total value locked (TVL) in decentralized finance (defi) has slipped below the $50 billion mark to $49.8 bil...
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Bitcoin Mining Difficulty Reaches All-Time High as Miners Face Second-Largest Increase This Year Bitcoin’s mining difficulty reached an all-time high (ATH) on Feb. 24, 2023, at block height #778,176, reaching 43.05 trillion hashes and surpassing the 40 trillion mark for the first time ever. The network’s difficu...
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Bitcoin price tumbles to 10-day lows as 'Notorious B.I.D.' keeps support at $22.5K Bitcoin bulls have little to celebrate as BTC price action retraces more hard-won February gains.
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DeFi Giant Maker Emerges Victorious as US Judge Dismisses $28M Lawsuit Filed Against It by Crypto Investors A US judge has dismissed a class-action lawsuit against DeFi crypto lender Maker that alleged the platform misrepresented risks investors faced, leading to catastrophic losses of collateral on MakerDAO back in 2020. Acco...
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Shiba Inu Price Prediction as $300 Million Trading Volume Comes In - Is It Time to Buy? The world's second most popular meme coin, Shiba Inu is slowly approaching solid support around $0.00001210. Bulls are ready for another comeback, this time backed by the launch of Shibarium's beta launch. Shiba Inu pric...
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JPMorgan to Open Blockchain Innovation Lab in Greece Financial giant JPMorgan has announced it will open a new blockchain innovation lab in Greece. The lab will be focused on the development of applications on top of Onyx, the blockchain platform launched by the bank in 20...
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Bitcoin and Ethereum Price Predictions: BTC Dips to $23,000 - How Much Further Can BTC and ETH Fall? Bitcoin has been unable to break its losing streak and is poised to end the week on a bearish note as investors steer clear of riskier investments due to growing macroeconomic uncertainty exacerbated by higher-than-antic...
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Israeli Startup Chain Reaction Raises $70 Million to Build Blockchain Silicon Chain Reaction, a Tel Aviv-based blockchain startup, announced it has raised $70 million as part of its Series C funding round. The objective of the company is to expand its engineering staff to accelerate the production...
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