Why is Bitcoin price down today?
Bitcoin price is down today as macroeconomic pressure, declining Bitcoin network usage, and doubts over the Fed rate decrease drive prices downward.
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Crypto Biz: Crypto outflows surge, a16z’s UK office, and the silent altcoins ban
A combination of escalating interest rates and a tight regulatory environment in the United States has driven a $417 million outflow from the crypto industry in the past eight weeks, with halts in trading for many altcoins draining liquidity and prolonging the ongoing crypto winter.This environment is forcing crypto companies to rethink and adapt their…
CBOE Withdraws Rule Change Request to List Bitcoin Exchange-Traded Fund
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Miner returns over $500k in BTC transaction fee overpayment to Paxos
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Israeli Banks Should Not Deny Services to Crypto Firms: Attorney General
Israeli banks should not deny services to firms involved with cryptocurrencies, according to Israel's attorney general Avichai Mandelblit.Instead of halting financial services for all crypto firms, banks should closely examine each case for indicators of money laundering risks or other illicit financial practices, Mandelblit told the Tel Aviv District Court.Mandelblit’s stance purportedly opposed to a…
US Marshals Service Issues Information Request on Management of Forfeited Crypto Assets
United States federal law enforcement agency, the U.S. Marshals Service (USMS), is looking to set up an agent for managing confiscated cryptocurrency, according to public documents released on March 5.The USMS has recently published two draft documents including a Request for Information (RFI) for legal procedures of the management and disposal of forfeited crypto assets.As…
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New Remittances System to Tackle Crypto Volatility When International Payments Are Made
A Japanese fintech company has unveiled a system that is designed to address the price volatility seen when cryptocurrencies are used for remittances.Atom Solutions says that, at present, the options for foreign workers who need to make overseas remittances are imperfect. While costs can be high when they try to complete transactions through a traditional…