Ripple CEO Brad Garlinghouse has slammed Securities and Exchange Commission (SEC) Chairman Gary Gensler for claiming that he has the authority to determine which crypto tokens are securities, rather than relying on the legislation that governs his agency’s power. “It’s time for elected officials in the U.S. to take notice,” the Ripple executive stressed. Ripple’s …
Monthly archives: April 2023
Terra’s branding at MLB opener draws attention from spectators
As baseball enthusiasts flocked to National’s Park in Washington D.C for the Major League Baseball (MLB) opening day, the noticeable presence of Terra (LUNA) – the crypto ecosystem that collapsed in May 2022 – didn’t go unnoticed by attendees. A Twitter user who attended The Washington Nationals’ home opener against the Atlanta Braves on March …
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Crypto Exchange Bittrex Will Shut Down U.S. Operations Next Month
Bittrex has announced that it will wind down its U.S. operations next month. The crypto exchange has blamed the economic environment and regulatory uncertainty in the U.S. The exchange’s management will now focus on expanding its operations outside the United States. Customer funds are safe and will be available for withdrawal till 30 April. Crypto …
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Bitcoin and XRP Whales Abruptly Move Over $650,000,000 Worth of Crypto in Just 24 Hours
Deep-pocketed crypto investors are suddenly shifting hundreds of millions of dollars worth of Bitcoin (BTC) and XRP as the markets trade sideways. According to new data from whale-surveying platform Whale Alert, crypto whales have abruptly moved over 500 million worth of the top crypto asset by market cap in just 24 hours, the biggest transaction …
Bermuda still open to crypto firms, says premier: Report
The dramatic collapse of crypto exchange FTX last November is not moving Bermuda away from receiving crypto companies, according to the head of the British island territory’s government during an interview with Bloomberg News. “The future of finance is digital,” said the premier and finance minister Edward David Burt, who believes there are still considerable …
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Price analysis 3/31: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, SOL, DOT, LTC
Data from the Personal Consumption Expenditures (PCE) index showed an uptick of 0.3% in February, which lower than the 0.5% increase seen in January. Economists had projected a rise of 0.4% and the PCE data suggests that inflation is gradually showing a decreasing trend. Risky assets rallied in response to the data and some analysts …
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Crypto exchange Bittrex to wind down operations in the US
Cryptocurrency exchange Bittrex has announced it will be winding down its operations in the United States due to the challenging regulatory and economic environment. The announcement was made on the platform’s ninth anniversary, marking a bittersweet moment for the company. Due to continued regulatory uncertainty, we have made the difficult decision to wind down our U.S. …
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Central African Republic’s Sango Project announces delay of token listing
The organization following the launch of the Central African Republic’s Sango Coin has announced a delay of its listing “just for a few weeks,” citing legal and regulatory obstacles. In a March 31 message on its Telegram channel, the Sango Project said the government of the Central African Republic, or CAR, had made “significant progress” …
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FTX EU Commences Process To Return Customer Funds
FTX’s European arm has initiated the process to return the remaining assets to its customers. The platform has set up a dedicated website for clients to request final balances ahead of withdrawals. Withdrawals will only be available for customers who opened their accounts after 7 March 2022. The withdrawal process will be similar to the …
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Binance.US transitioning to new bank providers; briefly affecting deposits, withdrawals
Many transfer methods, including Signature ACH transfers, are affected. 2 min read Updated: March 31, 2023 at 10:44 pm Cover art/illustration via CryptoSlate Ad Binance.US said in a status update on March 31 that some deposit and withdrawal options will be temporarily unavailable as it transitions to new banking services. Wire transfers, payment apps limited …
Bittrex to halt US operations by end of April
The cryptocurrency exchange will only serve global customers going forward. 2 min read Updated: March 31, 2023 at 9:31 pm Cover art/illustration via CryptoSlate Ad Bittrex, a notable cryptocurrency exchange, said that it plans to voluntarily halt U.S. operations in an email sent to users on March 31. Bittrex will cease U.S. operations The company …
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More than 50% of Bitcoin mining uses renewable energy
Almost a quarter of all Bitcoin miners use water to power their setups, while wind and nuclear are the second and third biggest contributors. 1 min read Updated: March 31, 2023 at 8:23 pm Cover art/illustration via CryptoSlate Ad The majority of power used in Bitcoin mining comes from renewable energy sources, according to research by …
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Justin Sun’s Grenada ambassadorship to WTO ends
Grenada’s local media reported that Justin Sun had been recalled after the political party that appointed him lost elections in June 2022. 1 min read Updated: March 31, 2023 at 7:00 pm Cover art/illustration via CryptoSlate Ad Tron founder Justin Sun said his ambassadorship term with Grenada ends today. In a March 31 Twitter thread, …
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Space Force major urges Pentagon to hold Bitcoin, give it 2nd amendment protection
Jason Lowery believes Bitcoin should be protected under the second amendment as it is essentially a weapon for self-defense. 2 min read Updated: March 31, 2023 at 6:38 pm Cover art/illustration via CryptoSlate Ad Space Force major Jason Lowery believes that the U.S. government should stockpile Bitcoin (BTC) and set up mining operations to compete …
U.S. government sold over 9k BTC for $215.7M on March 14
The US government said it plans to liquidate over 40,000 Bitcoin in four batches during this calendar year. 1 min read Updated: March 31, 2023 at 6:18 pm Cover art/illustration via CryptoSlate Ad The United States government said it sold 9,861.17 Bitcoin on March 14 for $215.7 million, according to a March 31 court filing. …
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