Cryptocurrency Market to See More Upside Following Bank Problems: Bernstein

Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28.Oliver Knight is a CoinDesk reporter based between London and Lisbon. He does not own any crypto.Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28.Dogecoin (DOGE) has risen from Wednesday's low of $0.809…

Defunct crypto exchange Mt. Gox moved billions of dollars worth of bitcoin between wallets and sent $130 million to Bitstamp. The cryptocurrency movements echo those of yesterday as Mt. Gox repays customers hit by a hack 10 years ago. Payments started early this month and Mt. Gox still has more than $6 billion of BTC

U.S. consumers accumulate debt at a slower rate amid rising credit card delinquencies. Slower borrowing means the fiat-to-crypto onramp will remain constrained, 10x Research said. Although the unwinding of the yen carry trade has likely paused since Monday, stabilizing risk assets, including bitcoin (BTC). Still, other risks remain, such as the slower U.S. consumer borrowing

news Coinmine, the producers of crypto mining hardware and software, announced a $2.5 million seed round of financing. Led by Los Angeles-based M13 Ventures, Republic Labs, Gumi Crypto and early Uber investor Shervin Pishevar contributed funding, according to a statement made August 15. According to a company representative, the financing comes amid a period of 50…

The Central Bank of Kenya said "pain points" in the country's payments systems can be addressed by innovations structured around the existing ecosystem and that a central bank digital currency (CBDC) "may not be a compelling priority."In a statement published on Twitter on Friday, the central bank said it received more than 100 comments on…

news Two Japanese tech giants have teamed up on an initiative using blockchain to provide educational records that cannot be faked. Announced by Sony on Wednesday, Sony Global Education, Fujitsu Ltd. and the Fujitsu Research Institute have launched a field trial to evaluate the utility of blockchain tech in the management of course records and…

The U.S. Securities and Exchange Commission sued Ethereum software provider Consensys over its MetaMask service Friday, alleging the wallet tool was an unregistered broker that "engaged in the offer and sale of securities." MetaMask also offered an unregistered securities program through its staking service, the SEC alleged in a filing in the courthouse in the

r/CryptoCurrency subreddit’s MOON token clocked a record high of 84 cents over the weekend.Interoperability protocol Celer has decided to support MOON, allowing token holders to bridge or move their coins to Arbitrum One. The bridge will debut on March 20.Reddit's IPO, due March 21, is four to five times oversubscribed, per Reuters.Moons (MOON), the native

news The New York State Senate has confirmed Linda Lacewell as new superintendent for the Department of Financial Services, the body responsible for regulating nearly 1,500 financial institutions with assets of more than $2.6 trillion and the cryptocurrency industry. Lacewell was nominated for the position by Governor Andrew Cuomo and previously served as chief of…