The trading app company received the investigative subpoena in December. 1 min read Updated: February 27, 2023 at 11:47 pm Cover art/illustration via CryptoSlate Ad Trading app provider Robinhood was subpoenaed by U.S. securities regulators late last year, according to a filing submitted by the company on Feb. 27. In that filing, Robinhood said it …
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The exchange insists that its actions only affected its own ledger. 2 min read Updated: February 27, 2023 at 10:06 pm Cover art/illustration via CryptoSlate Ad Binance denied on Feb. 27 that its alleged decision to transfer $1.8 billion of stablecoin collateral to hedge funds had any impact on user holdings. In a statement made …
Ad Author and investigative reporter Annie Jacobsen tackled the questions of whether Bitcoin is part of a counter-cultural dissident movement and whether cryptocurrency been infiltrated by the CIA during a recent episode of the Bankless podcast hosted by Ryan Adams and David Hoffman. While Jacobsen is well known for reporting on topics like national security, intelligence, …
Ad Bitcoin and other risk-on assets are under short-term pressure as the macro narrative flips from recession to sticky, entrenched inflation. Sticky inflation Markets are braced for an imminent recession. However, current macro analysis suggests a recession may not be coming, at least not in the short term. Instead, analysts expect a period of sticky, …
Axelar founder announced Axelar Virtual Machine to facilitate web3 growth using zk-proofs and AI at InterOp Summit 2023 2 min read Updated: February 27, 2023 at 9:09 pm Cover art/illustration via CryptoSlate Ad Speaking at the InterOp Summit at ETHDenver, Axelar founder Sergey Gorbunov announced the Axelar Virtual Machine to facilitate the growth of the …
Technical pricing models of the 365D-SMA and 200W-SMA are both priced at $25k for Bitcoin which is currently a key resistance Definition Yearly Moving Average (365D-SMA) 🔵 The 365-Day Simple Moving Average provides a long-standing baseline for high-time-frame market momentum. The 200 Week Moving Average (200W-SMA) 🔴 The 200-Week Simple Moving Average provides a tool capturing the …
Continue reading “Bitcoin faces key resistance with 365D-SMA, 200W-SMA at $25k”
Ben Broadbent said the digital pound could help provide a reduction in friction and cost of payment to businesses. 1 min read Updated: February 27, 2023 at 6:34 pm Cover art/illustration via CryptoSlate Ad Bank of England official Ben Broadbent has expressed optimism that the proposed UK central bank digital currency “digital pound,” could provide …
Cryptocurrency exchange Coinbase announced it will suspend trading and delist the Paxos-managed stablecoin asset BUSD. The decision follows Paxos’ revelation that the New York State Department of Financial Services directed the firm to stop issuing the U.S. dollar-pegged token BUSD. Coinbase to Suspend BUSD Stablecoin on March 13 On Feb. 27, 2023, Coinbase announced that …
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Trezor, the manufacturer of crypto hardware wallets, has announced that it will take control of its wallet chip production process by producing its own silicon chips. The company states that the newly designed “chip wrapper” will enhance device security and considerably shorten lead times for mass production. Trezor ‘Unpacks Process’ and Produces Its Own Silicon …
Following a brief downturn in mid-February 2023, artificial intelligence (AI) crypto assets have continued to see gains over the last 30 days. Currently, out of 74 listed AI-focused cryptocurrencies, the net value of all these tokens has risen to more than $4 billion, which accounts for 0.37% of the entire crypto economy’s value. Majority of …
Popular crypto analyst Michaël van de Poppe thinks that one decentralized finance (DeFi) altcoin that’s been showing strength this year is likely due for a big bounce. Van de Poppe tells his 649,800 Twitter followers that GMX, the native asset of decentralized perpetual trading platform GMX, remains in an uptrend despite its recent corrective move …
One of the hottest altcoins on the crypto market may have more room to run, according to a closely followed trader. Pseudonymous trader Cantering Clark says that Stacks (STX), a project meant to boost the utility of Bitcoin (BTC), could be due for a short squeeze based on how much open interest is building up …
Treasury Secretary Janet Yellen reportedly says the US government is joining hands with other nations to regulate crypto assets. Although the US has not proposed banning crypto, Yellen says it is critical to have a strong regulatory framework for the nascent asset class. Says the economist in an interview during the G20 meeting in Bengaluru, …
The largest US-based crypto exchange by trading volume has released a major update involving the embattled stablecoin project Binance USD (BUSD). According to a new announcement, Coinbase says they will delist BUSD in about two weeks’ time. “We regularly monitor the assets on our exchange to ensure they meet our listing standards. Based on our most recent …
The United Kingdom’s bank regulator, the Prudential Regulatory Authority (PRA), will propose rules for issuing and holding digital assets, Bank of England (BOE) executive director of the Prudential Policy Directorate Vicky Saporta said in a speech at the bank Feb. 27. The rules will be developed with consideration for Basel III rules and the Financial …
