U.S. lawmakers aren’t yet able to reach across the chasm between Republicans and Democrats’ very different ideas for how to oversee stablecoins, despite notes of hope from both sides evident in a Thursday hearing of the House Financial Services Committee’s digital assets panel.
Original Source BillsCompetingHearingHighlightsHouseRiftStablecoinU.S Read More
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Arthur Hayes, the co-founder of cryptocurrency exchange BitMEX, has taken to Twitter to express his concerns about the ongoing banking crisis in the United States and how it could affect the crypto market.
In particular, Hayes has BankingBitMEXCoFounderCrisisHighlightsongoing Read More
Glassnode's latest analysis suggests that Bitcoin has built a strong foundation below the $30,000 level, and the current supply structure shows similarities to early 2016 and early 2019.The report shows that the Long-Term Holder (LTH) supply is just shy of a new all-time high with a total supply balance of BearBitcoinBTCcryptoexchangedataExchangesExitHighlightsMarketOnChainSteps Read More
The fourth Paris Blockchain Week, held at the Carrousel du Louvre, covered web3 art, open finance, enterprise blockchain, public policy, and investing in web3, among others.
In addition, other events such as a hackathon, startup competition, investor events, and others took place. The 2023 PBW also featured over 400 speakers from BlockchaindiscussionsHighlightsParisSummitWeek Read More
Michael Burry, a hedge fund manager renowned for predicting the 2008 financial crisis, has drawn parallels between the current banking turmoil and the Panic of 1907. He noted that three weeks after J.P. Morgan made a stand, the panic was resolved and the markets bottomed. “A stand was made this BankingBitcoinBottomingBurryComparescurrentEconomicsHighlightsMarketsMichaelNewsPanicTurmoil Read More
Since September 2021, the growth in cash assets in small bank balance sheets has turned negative.
Original Source 22.5KAsiaBankBanksBitcoinFailureHighlightsMoverSiliconSmallSoarsValleyVulnerability Read More
After the failure of Silicon Valley Bank (SVB), a great deal of Americans are starting to realize the dangers of fractional-reserve banking. Reports show that SVB suffered a significant bank run after customers attempted to withdraw $42 billion from the bank on Thursday. The following is a look at what BankBankingBitcoinDangersEconomicsFailureFractionalReserveHighlightsNewsSiliconValley Read More
The recent weakness in the crypto market has not invalidated the six-week-long ascending trend, even after a failed test of the channel's upper band on Feb. 21. The total crypto market capitalization remains above the psychological $1 trillion mark and, more importantly, cautiously optimistic after a new round of negative BeliefBitcoinCryptocryptoexchangedataDerivativesExchangesHighlightsPositiveSentimentTradersUpside Read More
Bitcoin’s (BTC) recent price rally from $16,500 to $25,000 can be attributed to a short squeeze in the futures market and recent macroeconomic improvements. However, while prices increased, data suggests that many interested buyers (including whales) were left on the sidelines. The recent rally to $25,000 shared many similarities with the BitcoinBTCdataHighlightsKeyOnChainPriceRallySimilarities Read More