This week in coins. Illustration by Mitchell Preffer for Decrypt. After three consecutive weeks of losses, prices turned verdantly green for holders of the two largest cryptocurrencies by market cap this week. Bitcoin (BTC) blew up 36% over the past seven days and now trades at around $27,515 according to CoinMarketCap data. Last week, Bitcoin shed around 10% in reaction…
This week in coins. Illustration by Mitchell Preffer for Decrypt. After three consecutive weeks of losses, prices turned verdantly green for holders of the two largest cryptocurrencies by market cap this week. Bitcoin (BTC) blew up 36% over the past seven days and now trades at around $27,515 according to CoinMarketCap data. Last week, Bitcoin shed around 10% in reaction…
Ethereum rose above $1,800 for the first time since August, as markets continued to react to the Fed’s decision to inject $300 billion into the economy. This comes following the recent banking crisis, which saw the likes of Silicon Valley Bank collapse. Bitcoin neared $28,000 in today’s session. Bitcoin Bitcoin (BTC) closed in on the $28,000 level to start the…
Ethereum rose above $1,800 for the first time since August, as markets continued to react to the Fed’s decision to inject $300 billion into the economy. This comes following the recent banking crisis, which saw the likes of Silicon Valley Bank collapse. Bitcoin neared $28,000 in today’s session. Bitcoin Bitcoin (BTC) closed in on the $28,000 level to start the…
The lawyer representing crypto entrepreneur Sam Bankman-Fried (SBF) in the ongoing FTX case will soon present a revised bail package to Judge Lewis Kaplan of the Southern District of New York. The move comes after Kaplan expressed displeasure about SBF’s use of encrypted-messaging apps and virtual private network (VPN) services while out on bail. Legal proceedings around FTX’s downfall led…
One of Africa’s fintech giants, Chipper Cash, is said to be weighing the possibility of selling the business or bringing in new investors. According to the CEO of the FTX and Silicon Valley Bank-backed fintech startup, Chipper Cash had insignificant exposure to both SVB and Signature Bank. Chipper Cash ‘Never Sought to Be Acquired’ The FTX and Silicon Valley Bank…
The recent attack that drained $197 million off Euler Finance was dubbed the biggest decentralized finance (DeFi) hack in 2023 so far. However, this may not hold true for much longer as the hacker reportedly had a change of heart. On March 18, roughly 3,000 Ether (ETH) — worth $5.4 million — were returned to Euler Finance’s deployer address from…
The market capitalization of Bitcoin (BTC) has added $194 billion in 2023. Its 66% year-to-date (YTD) growth is vastly outperforming top Wall Street bank stocks, particularly as fears of a global banking crisis are rising. BTC market cap daily performance chart. Source: TradingView Moreover, Bitcoin has decoupled from U.S. stocks for the first time in a year, with its price…
Russian lawmakers have approved a draft law facilitating the implementation of the digital version of the national currency, the ruble. The legislation amends various other acts to introduce definitions and establish procedures related to the launch of the central bank digital currency. Russian State Duma Passes Digital Ruble Draft Law on First Reading The lower house of Russian parliament, the…
Ethereum co-founder Vitalik Buterin has emphasized the importance of having a varied set of “guardians” to maximize the safety of crypto asset self-custody via multisig and social recovery wallets. Given the ever-growing rate of crypto scams and hacks over the past few years, and several major crypto firms going bust in 2022, the importance of self-custody and maintaining sufficient wallet…
