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Ether, the second larges crypto in market value, was recently changing hands at $1,810, up 4.6% from Wednesday, same time. Other major cryptos were largely in the green, regaining ground lost the previous day. Stablecoin XRP and TRX, the token of blockchain-based platform Tron Network, recently rose 5.7% and 9.4%,
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United States Senators Elizabeth Warren and Ron Wyden have cited the recent collapse of three major banks to call on the Public Company Accounting Oversight Board to “rein in” audits of crypto firms.In a March 21 letter to Public Company Accounting Oversight Board chair Erica Williams, Warren and Wyden reiterated
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Following the announcement, a section of the crypto community on Twitter has heaped praises on the IRS and Treasury Department for taking such a detailed approach instead of regulating through enforcement. The Internal Revenue Service (IRS) may be contemplating disallowing the addition of NFTs to Individual Retirement Accounts (IRAs). This follows after
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The U.S. Labor Department released the consumer price index (CPI) report on Tuesday. Although inflation increased in February year-over-year, the rise was expected, and the annual inflation rate for all items was 6%. The cooling inflation has eased some concerns, but fears of financial contagion have spread. Market strategists are
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Web3 wallet app MetaMask has introduced a number of new features aimed at enhancing privacy and giving users more control, according to a March 14 blog post by the developer. The new features come after MetaMask had previously been criticized for allegedly intruding on users’ privacy.MetaMask Mobile v6 is now
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Coinbase also noted that users will be able to withdraw their existing BUSD assets whenever they choose. Cryptocurrency exchange Coinbase has officially suspended BUSD trading on its platform. The decision follows from the earlier announcement by company CEO Brian Armstrong that the company would delist BUSD. Recall that Coinbase claimed that BUSD
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Silicon Valley Bank (SVB) has become the center of attention after its collapse prompted the U.S. Federal Deposit Insurance Corporation (FDIC) to shut the bank down on Friday. It was the largest U.S. bank failure since 2008, and various alleged catalysts have been pointed to. Some believe venture capitalists caused
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The United States Federal Reserve is set to create a “specialized team of experts” to keep up with developments in the cryptocurrency industry, according to a Fed official, amid concerns from the central bank about “unregulated” stablecoins.Speaking at the Peterson Institute for International Economics in Washington on March 9, Vice
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“After celebrating disinflation greenshoots the past two months, the Federal Reserve has had to restart its hawkish positioning by talking tough on rate hikes, I think it's interesting to note that they were parading their hikes as having a substantial impact on inflation, and then it became clear that
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A large footprint in China, which creates skepticism about data safety, and a heavy subsidy spend, means Filecoin needs more than a token rally to be sustainable. Original Source
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