Monday, March 27, 2023
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Regulatory Pressure Did Not Shut Down Ethereum Privacy Tools zk.Money, Aztec Connect, Founders Say

In March 2021, Aztec launched its first product – zk.money – a basic software for private transactions on the Ethereum blockchain. In July 2022, a sister product, Aztec Connect, was launched. Both products will be shut down simultaneously, Aztec said. As of Friday, Aztec Connect had little over $20 million

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Blackrock CEO Warns More Bank Seizures and Shutdowns Could Result From Regulatory Changes – Economics Bitcoin News

The CEO of Blackrock, the world’s largest asset manager, has warned about additional bank seizures and shutdowns that could result from regulatory changes in response to the failures of several major banks in the U.S. “It does seem inevitable that some banks will now need to pull back on lending

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USDC depeg will hinder stablecoins’ growth, increase regulatory scrutiny — Moody’s

Recent turmoil in the traditional banking sector, culminating in USD Coin (USDC) losing its peg, could negatively affect stablecoin adoption and potentially increase calls for regulation, argued credit rating agency Moody’s Investors Service. In its latest “Sector Comment” report published on March 16, Moody’s says fiat-backed stablecoins could face new resistance

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Senator Warren says Fed chair ‘has to recuse himself’ from reviewing regulatory failures

Massachusetts Senator Elizabeth Warren, one of the more prominent anti-crypto voices in the United States Congress, has called on Jerome Powell to recuse himself amid an internal probe at the Federal Reserve.Speaking to reporters in Washington D.C. on March 15, Warren said Powell had led “the de-regulatory movement” at the

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Anchorage Digital Sends Home 75 Employees amid Crypto Regulatory Uncertainty

Anchorage Digital was the first federally chartered crypto bank in the United States after it raised $350 million at more than $3 billion valuation in 2021. Anchorage Digital, an institutional-grade cryptocurrency platform, has reportedly sent home 75 employees, representing 20 percent of the total workforce. According to a report by

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Crypto bank Anchorage Digital cuts 20% of staff citing regulatory uncertainty

Crypto bank Anchorage Digital announced it would be letting go of 75 employees, representing approximately 20% of its workforce, citing regulatory uncertainty in the United States as a factor in its decision.In a March 14 statement labeled the layoffs as “a strategic realignment to better focus our resources,” and pointed

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Bitcoin price drops to $20.8K as regulatory and macroeconomic pressure mounts

Bitcoin (BTC) traders saw continued downward pressure after the 5.5% decline in BTC price on March 7. Increased odds of further interest rate increases by the Federal Reserve and regulatory pressure in cryptocurrencies explain some of the movement.Financial markets showed signs of stress as the inverted bond curve reached its

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