Here’s what happened in crypto today

Democratic Senator Ron Wyden is digging into the activities of crypto companies that take advantage of tax breaks provided by the Opportunity Zone program.Senator Wyden’s main concern stems from the perception that some crypto companies may be taking advantage of what he called “a lack of safeguards and transparency measures” in the Opportunity Zone program.The…

ETH price action currently focuses on a key line in the sand for Ethereum short-term holders.

Earlier today, India’s Supreme Court delivered its verdict in a landmark case for cryptocurrency in the country. A bench of three justices ruled that the Reserve Bank of India’s (RBI) ban on banks’ services to crypto-related firms was unconstitutional.Kashif Raza — co-founder of the Indian crypto regulatory news and analysis platform Crypto Kanoon, which first broke…

"We are taking proactive measures to shut down operations, shed load and create additional capacity in response to ERCOT's needs should it be necessary,” said the Texas Blockchain Council on behalf of mining firms. 719 Total views 10 Total shares With Winter Storm Landon expected to hit parts of Texas this week, major crypto mining…

2022 saw the continued advancement of green crypto projects as more industry companies focused on sustainability to reduce carbon emissions. A series of elemental forces drove the paradigm shift, including user demands for faster and more energy-efficient blockchains, growing climate change awareness among investors, and rising government concerns about energy consumption in the crypto sector.Among the…

Trading giant BitMEX is at the center of attention after unexpected downtime sparked rumors of foul play as Bitcoin (BTC) fell as low as $3,700.According to a tweet from the company, problems arose during frenzied trading activity on the evening of March 12.BitMEX “hardware issue” sparks delaysAs a result, BitMEX was offline for around 25…

The United States Department of the Treasury has agreed to the need for an investigation into Facebook’s forthcoming Libra stablecoin following a letter from Representative Emanuel Cleaver.Per a press release published on Congressman Cleaver’s website on Oct. 22, the Treasury provided an affirmative response to Cleaver’s appeal to examine Libra and its corresponding wallet Calibra…

The exposure amounts represents a small fraction of the firm's $1.5 billion in liquidity. 600 Total views 4 Total shares In its latest quarterly earnings call on Nov. 9, blockchain financial services firm Galaxy Digital disclosed that it had an exposure of $76.8 million consisting of cash and digital assets to troubled cryptocurrency exchange FTX.…

According to data from CoinMetrics, a sell-off on Bitstamp led the market-wide plunge of Bitcoin (BTC). The top cryptocurrency by market capitalization dropped $150 within seconds on the exchange, well below the average market price at the time.Researchers at CoinMetrics said:“Today's market drop was led by trade activity on Bitstamp, where Bitcoin's price dropped $150…