More Freedom of Information Act (FOIA) requests seeking information on recently closed crypto-friendly banks have been submitted by cryptocurrency advocacy group the Blockchain Association (BA) to two regulators. On April 14, the Association said that in addition to the FOIA requests, it has also filed Freedom of Information Law (FOIL) requests to the Federal Housing Finance Agency (FHFA) and the…
Cathie Wood thinks Bitcoin and Ether are acting as “risk-off” assets and as a “flight to safety” for investors amid macroeconomic uncertainty. Source: https://cointelegraph.com/public/index.php/news/bitcoin-ether-are-like-gold-says-cathie-wood-but-ray-dalio-is-skeptical
Securities and Exchange Commission (SEC) chair Gary Gensler could be facing unemployment after United States Representative Warren Davidson declared he would introduce legislation to fire the SEC boss. In an April 15 tweet responding to Coinbase’s legal chief, Paul Grewal, the crypto-friendly Representative announced his intention to have Gensler removed from his role after the SEC’s latest announcement about revisiting…
Brazil’s President Luiz Inacio Lula da Silva’s chief adviser on foreign policy, Celso Amorim, says China and Brazil “are coming closer together” and they could play important roles in building a less centralized world with no hegemony. Commenting on de-dollarization, he stressed: “I think it’s very important that we are free from the dominance of one single currency because sometimes…
Recent turmoil in the banking sector has shown that Bitcoin (BTC) and Ether (ETH) can withstand a shaky economy, outperform other asset classes and function like gold, says ARK Invest chief executive Cathie Wood — though one long-time investor still isn’t sold. Wood explained in an April 15 interview that Bitcoin’s resilience throughout the most recent banking crisis has been…
On Tuesday, a financial reporter friend texted me to ask if I’d be attending NFT NYC events the next day. “How is it even happening this year when the volume is so low,” she asked. I sent her a spreadsheet that listed 180 different events happening in the next three days all around the city—there was plenty to do. By…
Former Treasury Secretary Lawrence Summers has expressed concerns that a rising number of countries, including China, Russia, and the Middle East, are aligning themselves and gaining global influence. “I think [it] is a huge challenge for the United States,” he cautioned. Larry Summers on Countries Banding Together Against the US Former Treasury Secretary Lawrence Summers expressed concern on Bloomberg TV…
The multi-chain lending protocol Hundred Finance disclosed Saturday that it lost around $7 million after being hacked on the Ethereum layer-2 blockchain Optimism. Estimated current loss is ~7m USD. Once again we hope the hacker will reach out back to us and we will be able to find a joint solution to resolve this matter. 🙏 Thank you everyone for…
Kosovo police have seized dozens of crypto mining devices from residents of a majority Serb region in the north of the country. Authorities in Pristina and Belgrade exchanged accusations over the move, which has the potential to raise tensions in the ethnically divided, partially recognized Balkan state. Kosovo Government Cracks Down on Crypto Mining in Mainly Serb North Law enforcement…
This week in coins. Illustration by Mitchell Preffer for Decrypt. While the Bitcoin and Ethereum’s price rallies over the last seven days are, numerically speaking, not particularly notable, given their long histories of sometimes explosive price movement, there was a definite sense that it was still a significant week for both. Bitcoin (BTC) rose 7.6% to its current price of…
