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Join Our Telegram channel to stay up to date on breaking news coverage Various crypto-friendly banks have recently collapsed, including Silicon Valley and Signature Bank. However, the United States Treasury Department’s undersecretary for domestic finance, Nellie Liang, believes that the crypto or digital asset sector should not be blamed for the banks’ demise earlier this month. In a hearing of the House Financial Services Committee conducted on March 29, Liang noted: “I don’t believe that crypto played a direct role in either of the failures.” Nellie Liang, the U.S. Treasury Department's undersecretary for domestic finance, doesn’t believe the digital assets sector should be blamed for the runs on SVB and Signature Bank that led to their quick demise earlier this month. "I don't believe that crypto played a direct role… — Wu Blockchain (@WuBlockchain) March 30, 2023 She further asserted that the American economy relies on a healthy and diverse banking syst

The new equity fund, which will be based in Hong Kong, will focus on the local market and be open to Web3 startups. As the crypto market in Hong Kong reopens, local investors are starting a $100 million fund to help finance the digital industry. The new fund, called ProDigital Future, will be for Web3 companies in their early stages that are focused on the local market. ProDigital Future has about $30 million in its bank account after its half-year fundraising period. But by the end of 2023, it hopes to have raised $100 million. Ben Ng, a partner at the Hong Kong-based equity firm SAIF Partners, and Curt Shi, an experienced tech investor from China, are in charge of the fund. Sunwah Kingsway Capital Holdings and Golin International Group have already joined the fund to help it out. Shi told reporters that the fundraising process has been “pretty smooth” so far, even though investors are still hesitant to put money into crypto projects. Some family offices from

According to current statistics, the Bitcoin network is fewer than 56,000 blocks away and less than 400 days away from the next reward halving. After the next halving, the block reward will be reduced by 50%, and the current block subsidy of 6.25 bitcoins will drop to 3.125 bitcoins per block post-halving. In addition to the Bitcoin halving getting closer, the Litecoin network is expected to see a block reward halving this year on or around August 3rd. Bitcoin Reward Halving Inches Closer; Litecoin Expected to Slash Its Block Reward in August As of March 29, 2023, there are 395 days left until the next Bitcoin halving, which is scheduled to occur anywhere between April 21-28, 2024, at a block interval speed of ten minutes per block. At present, there are fewer than 56,000 blocks left to mine until the block reward subsidy is cut in half. Depending on block time speeds, the estimated date for April could change. The Bitcoin network halves its block reward every 210,000 blocks mined,

Join Our Telegram channel to stay up to date on breaking news coverage TON Blockchain has recently introduced a new feature that allows Telegram users to send cryptocurrency over the app, sharing support for Tether(USDT) as of now. USDT is the number one stablecoin with a market capitalization of over $78 billion. Telegram Integrates USDT Into Its Wallet Bot USDT has been added to Telegram’s wallet bot, making the social media app now compatible to share cryptocurrencies. This will make transferring cryptocurrencies as easy as sharing a picture, lending a hand in the further adoption of digital assets. Stablecoins provide much better reliability for users as they’re quite non-volatile & can be conveniently traded for any other cryptocurrencies. In addition to acting as a store of value themselves. Integrating stablecoin on the Telegram network will help users send cryptocurrency to their friends and family, without having the fear of losing their funds to market volatili

Recent BNB price trends show that the token declines in the short term after regulatory crackdowns. However, this time the correction may last longer. BNB (BNB) looks set to wipe out its March gains entirely as investors turn their attention to the latest regulatory crackdown on Binance, the world's leading crypto exchange by volume. BNB price logs worst daily performance in over a month On March 27, the U.S. Commodity Futures Trading Commission sued Binance and its chief executive Changpeng Zhao (CZ), alleging that the company illegally offered crypto derivatives services to Americans and facilitated illicit financial activity. BNB dropped by over 5.5% to $305 on the announcement day, logging its worst daily performance since Feb. 13, when its price dropped by over 5.8% due to another regulatory crackdown involving Binance-branded stablecoin, BUSD. BNBUSD daily price chart. Source: TradingView BNB's price stabilized on March 28, wobbling between gains and losses as CZ refuted

U.S. law enforcement has seized 18 cryptocurrency ATMs that were purchased using fraudulent loans from the Small Business Administration (SBA) meant to assist small businesses financially harmed by the Covid-19 pandemic. The loans were also used to purchase bitcoin from a New York-based cryptocurrency exchange, said the U.S. Department of Justice (DOJ). Coindawg’s Crypto ATMs Seized The U.S. Department of Justice (DOJ) announced on Thursday that Charles Riley Constant, aka Chuck Constant, has been arrested “for charges in connection with a scheme to steal and launder over $1 million in fraudulently obtained loans from the Small Business Administration (SBA), including the use of fraud proceeds to purchase cryptocurrency ATMs.” The Justice Department detailed: Law enforcement agents seized, among other things, 18 cryptocurrency ATMs in Texas and Oklahoma that Constant purchased with fraud proceeds to start a cryptocurrency ATM business named ‘Coindawg LLC,’ as well as Coindawg’s webs

Join Our Telegram channel to stay up to date on breaking news coverage Cryptocurrencies braved the seemingly volatile weekend amid unfathomable stability that has seen the total market cap increase by 0.1% to slightly above $1.2 trillion. Some selected tokens emerged as the best crypto gainers of the day, starting with MASK and SSV. Bitcoin held firmly to support at $27,000; level analysts had said would either make or break the largest cryptocurrency—and so, the entire market. With Q1 of 2023 nearly over, investors would be evaluating the performance of their portfolios, with some tokens likely facing the axe. Before buying cryptos for portfolio diversification, investors may want to consider some of the best altcoins in the market. Up-and-coming crypto ecosystems like LHINU, FGHT, CCHG, METRO, and TARO could offer the best risk-reward ratio in 2023 as global economic uncertainty heightens. Mask Network Price Above $6.00 Again Mask Network price is up 5% in 24 hours and exc

Mar 26, 2023 at 06:47 // Price Author Coin Idol Dogecoin (DOGE) has risen above the 21-day line SMA, signaling a positive trend. Dogecoin price long term forecast: bullish The $0.078 resistance level has been where the upward momentum has been since March 18. Moreover, the moving average lines have caught the price of DOGE. Nevertheless, it is currently trading below the 50-day line SMA and above the 21-day line SMA. This indicates that DOGE must be in a trading range for a short period of time. The trend will be upward if the price of the cryptocurrency exceeds

Securities processor Deutsche WertpapierService Bank (dwpbank) will provide its affiliates seamless integration with their current offerings, with more digital assets to come. Deutsche WertpapierService Bank ( dwpbank ), which offer s securities processing to around 1,200 banks in Germany, is creating a new platform , wpNex, that will offer Bitcoin (BTC) to all of its affiliate s’ retail customers in the second half of this year.  The new service will feature crypto accounts alongside bank customers’ other accounts and will not require additional Know Your Customer procedures, according to local media reports. Wallet-as-a-service provider Tangany and Bankhaus Scheich’s tradias digital asset trading service will also participate in the new offering. Retail customers will not hold private keys. Dwpbank CEO Heiko Beck said the bank planned to add other cryptocurrencies, digital assets and tokenized securities to the service in the future. MLB Banking was the first dwpbank affiliate t

ARB token sold-off upon listing at exchanges and some users reported a tech-issue laden claim experience, but the token could still follow the trajectory of previous airdrops. The official Arbitrum airdrop page crashed right after the claiming process began around 9 a.m. EST. Some users still managed to claim it through alternative methods like Arbiscan. In the first two hours, the market witnessed a massive sell-off of the token as its price declined from over $10.29 to lows of $1. At ByBit, the token started trading for $7.50, but dropped to $1.50 within minutes. At the time of writing, the token was trading at $1.33. Only one address successfully sold the token at $10.29 through the ARB/USDC pool on Uniswap, bagging $64,340 for 6,250 tokens. A few others were able to sell for $4.50, however, the price dropped quickly below $1.50 as more sellers arrived.  ARB/USDC trades on Uniswap. Source: GeckoTerminal Nansen data shows that out of 6.03 million ARB claimed by “smart money” wallets

FTX has reached a deal to recover more than $400 million from Modulo Capital. The hedge fund received about $475 million last year, as seed funding from Alameda Research before FTX collapsed. According to a recent court filing, the Bahamas-based hedge fund has agreed to pay $404 million in cash. Additionally, it has consented to give up its claim of $56 million in assets held in its accounts on FTX ’s crypto exchange. Thus, the deal is worth $460 million in all. Specifically, the filing noted, “ The Agreement is in the best interests of the Debtors’ creditors because it promptly brings approximately $460 million into the Debtors’ estates without time-consuming and costly litigation. This settlement—including approximately $404 million in cash—returns more than 97% of the Alameda Transfers and 99% of the assets currently held by Modulo. “ FTX is poised to recover about $404 million that founder Sam Bankman-Fried allegedly transferred to investment fund Modulo Capital, accordin

According to Claudio Riff, the CEO of Pooky, a sport prediction game powered by blockchain, gaming may be one of the more effective ways of getting users to experience the potential of blockchain and Web3 without dealing with the associated complexities. Onboarding People to Web3 Through Gaming Pointing to the gaming industry’s appeal and reported market value of over $200 billion in 2021, the CEO of Pooky postulated that having more blockchain-based games could potentially help “onboard a critical mass of users onto Web3.” In written responses sent to Bitcoin.com News via Whatsapp, Claudio Riff, an early-stage investor, explained why using games to educate users about Web3 technologies is believed to be more effective than doing so the conventional way. He also highlighted the difference between sports betting and a new phenomenon known as sport prediction and why the latter is seen as a better game. Below are Riff’s responses to the questions from Bitcoin.com News. Bitcoin.com N