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crypto news - Rep. Tom Emmer: Is the FDIC 'Weaponizing' Market Chaos to Kill Crypto?

U.S. House Majority Whip Rep. Tom Emmer is asking whether the Federal Deposit Insurance Corporation (FDIC) has weaponized its authority in an attempt to “purge legal digital asset entities and opportunities from the United States.” Emmer on Wednesday sent a letter to FDIC Chairman Martin Gruenberg citing recent actions by the agency and accusations that it is trying to kill crypto. Emmer asked…

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crypto news - NFT trading plummets following SVB crisis: Report

NFT trading volumes took a massive hit following the collapse of SVB last week, as per a recent DappRadar report. There were only 11,440 active NFT traders on the day after the FDIC took control of SVB, the lowest count since November 2021. There were only 11,440 active non-fungible token (NFT) traders on 11 March, the day after the Federal Deposit Insurance Corporation (FDIC) took control of…

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crypto news - CZ touts rules for securitization of digital assets in new tweet thread

“1:1 reserves. Problems go away.” Early morning words from the co-founder and CEO of Binance, Changpeng ‘CZ’ Zhao, as he responds to the ongoing crisis in the U.S. banking system — a crisis that has now spawned contagion across the pond in Europe, the U.K., and Switzerland. CZ responds to banking crisis contagion After fears last week started to spread from distress to three U.S. banks, other…

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crypto news - Bitcoin Tops $26,000 as Market Sentiment Turns Risk-On

Bitcoin posted impressive gains of over 6% in the past 24 hours, reaching a high of $26,350 on Friday morning, per data from CoinGecko. Bitcoin’s price surge came alongside a wider uplift in the cryptocurrency market, which saw the total market cap of all cryptocurrencies rise over 4% in the past day, to $1.17 trillion. It follows a rise in U.S. and Asian stock markets after major lenders in J.P.…

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crypto news - Bitcoin miner Marathon Digital’s Q4 2022 revenue declines to this figure

Bitcoin miner Marathon Digital Holdings announced that its revenue for the fourth quarter of 2022 fell 58% year on year to $28.4 million. In Q4 2022, Bitcoin production at Marathon, however, increased by 42% to a record 1,562. Annual production increased by 30% to 4,144 in 2022.  Marathon Digital Holdings, a Bitcoin mining company, announced on 16 March that its revenue for the fourth quarter of…

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crypto news - US lawmaker says President Biden administration is weaponizing market chaos to kill crypto

U.S. lawmaker Tom Emmer said President Biden’s administration was weaponizing market chaos to kill crypto. The pro-crypto lawmaker added that he sent Federal Deposit Insurance Corporation (FDIC) Chairman Gruenberg an investigative letter seeking additional information on the regulator’s actions against crypto-friendly banks. Emmer highlights anti-crypto moves by regulators In a Fox Business…

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crypto news - Banking Chaos a ‘Reminder’ of Fractional-Reserve Risks: Circle Global Policy VP

With the latest banking crisis top of mind, Circle’s policy lead is hoping to use his new advisory role on a new CFTC  committee to effect change. The Commodity Futures Trading Commission (CFTC) announced a newly constituted tech committee this week to educate the government on emerging technologies like crypto and artificial intelligence. Along with ten other crypto-centric members, Circle’s…

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crypto news - 5ire's Testnet: Thunder (Beta) sees massive adoption worldwide

5ire, one of the world’s fastest-growing unicorns with a mission to make blockchain sustainable and accessible for over one billion people by 2030, has seen widespread adoption of its groundbreaking Testnet: Thunder (Beta) since its launch on February 13, 2023. Between Feb 13 to March 10, Thunder (Beta) has recorded impressive numbers, including 700K+ transactions on the 5ire Native Chain and…

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crypto news - R33LZ Launches Innovative Social App to Benefit Creators and Viewers

Social media is a game-changer and so is the crypto industry. There is no denying that both these sectors hold unparalleled strength to revolutionize the world to its very core.  R33LZ is a blockchain project that amalgamates these two promising sectors together in the hope of harnessing their strength to offer alluring returns to everyday users. R33LZ is excited to announce that it will be…

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crypto news - Ethereum Layer-2 Solution Arbitrum Announces Token Airdrop, Opens Tech Stack to Devs

Arbitrum is finally decentralizing into the hands of its community. The popular Ethereum scaling solution today announced the imminent launch of its native ARB token, joining other layer-2 projects like Optimism. The governance token will let holders vote and propose any changes that they would like to execute to Arbitrum. The project is an optimistic rollup solution, which moves network activity…

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crypto news - Europe introduces smart contract 'kill switch' - what it means for DeFi systems

New European law pushed for control over crypto and blockchain tech through smart contracts. The crypto community expressed concern over the risk of a smart contract kill switch mandate. European regulators are turning up the heat on crypto and blockchain regulation just like their American counterparts. The recently passed European Parliament Act has a section that seeks to implement more…

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crypto news - Gambulls NFT Will Disrupt Online Gambling Forever

Gambulls, an online crypto casino, is making a bold move by combining online gambling with NFTs. They will be releasing 6673 NFTs later this month, March 31, 2023 on Magic Eden. The aim for the NFT release is to raise funds to fuel the growth of Gambulls to increasingly dominate the online gambling market share. However, the Gambulls NFT will offer far more than just a pretty JPEG for social…

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crypto news - Maker passes first vote to increase U.S. Treasury bond holdings to $1.25B

Maker’s governance community has initially voted in favor of increasing U.S. Treasury bond holdings to $1.25 billion, according to a Twitter thread on March 15. Preliminary vote approves Treasury bond purchases The proposal, if it is fully approved at a later date, will see Maker more than double its current $500 million of Treasury bond holdings to $1.25 billion. Maker initially began to invest…

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crypto news - What Is Gnosis? How Decentralized Prediction Markets Work

In brief Gnosis started out in 2015 as a decentralized prediction market on the Ethereum blockchain. Established at the end of 2020, GnosisDAO is the collective steward of the Gnosis ecosystem.  The CoW (Confidence of Wants) protocol is a permissionless decentralized exchange (DEX) Originally envisioned as a decentralized prediction market, Gnosis is a blockchain project running on top of the…

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BendDAO reaches near new all-time highs on Mutants, BAYC and Azuki loans - Crypto News Gap

Ad BendDAO, the largest NFT lending platform by market cap, hit new all-time highs last month on the backs of 4,399 individual loans, many of them Azukis, Mutants and BAYC.  (Source: Twitter) Twitter user @JKrantz speculated that the sudden all-time high might be because borrowers are getting paid a higher interest to take out loans on their NFTs with the native BEND token, which has seen a…

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How to be a Swing Trader in 2023 - Crypto News Gap

Trading Secret from Dan Zanger: One of the Best Swing Traders of all Time Traders-mag: Dan Zanger is Back Have you ever heard of Dan Zanger? He is one of the greatest personal swing traders of all time and managed to turn 11,000 dollars into 18 million in less than 20 months. A Return on investment of more than 164,000%. And all of that, from his home. In this post, we will find out about his…

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