Bitcoin At $100,000? Insiders Say The Cryptocurrency Could Test New Highs This Year
Marshall Beard, the Chief Strategy Officer at the U.S.-headquartered cryptocurrency exchange Gemini, said that Bitcoin could test new highs this year and reach $100,000.
Miami And New York’s Crypto CityCoins Meet Quiet Demise
A crypto exchange has suspended trading of cryptocurrencies dedicated to New York City and Miami, citing limited liquidity for the tokens.
Are You Too Late To Bitcoin?
Hal Finney predicted that bitcoin could become the global dominant payment system at $10 million per coin (Finney’s calculation would be closer to $40 million today), so it’s not too late to start using bitcoin.
Exploring The Five Best U.S. Cities For Bitcoin Enthusiasts
Due to the growth of Bitcoin, several U.S. cities have emerged as hotspots for bitcoin enthusiasts; these are the five best.
Crypto Transactions, Virtual Assets To Come Under Money Laundering Act
The finance ministry today announced that cryptocurrency transactions would now come under the ambit of money laundering provisions. In a notification, the government said that participation in transactions involving virtual digital assets would be under the Prevention of Money Laundering Act (PMLA). The move is the latest step taken by the government to tighten oversight of digital assets.
Alert — If You Trade Crypto On Binance, Consider Yourself Warned
Late last year, as crypto markets were struggling to regain their footing, the world’s biggest cryptocurrency exchange quietly moved $1.8 billion of collateral meant to back its customers’ stablecoins, putting the assets to other undisclosed uses. They did this without informing their customers. According to blockchain data examined by Forbes, from August 17 to early December–about the same time FTX was imploding–holders of more than $1 billion of crypto known as B-peg USDC tokens were left with no collateral for instruments that Binance claimed would be 100% backed by whichever token they were pegged to. B-peg USDC tokens are digital replicas of USDC, a dollar-pegged stablecoin issued by Boston-based Circle Financial, that exist on blockchains not supported by the firm such as Binance’s proprietary Binance Smart Chain. Each stablecoin is worth one U.S. dollar.
Fiat Money Has Won The Battle Against Cryptocurrencies, Says BIS Chief
A report from the International Monetary Fund (IMF) in September 2022, co-authored by BIS Chief Carstens, identifies three shortcomings that preclude cryptocurrencies from serving as a “sound basis for the monetary system,” which shows how fiat money has won the battle against cryptocurrencies.
CBDC Working Group Discussing Potential Routes For Digital Dollar
The original Treasury report released in September 2022 described the formation of a CBDC working group, and now they are discussing potential routes for the digital dollar.
Indian-Origin Engineer Nishad Singh Pleads Guilty To FTX Crypto Fraud Charges
The Securities and Exchange Commission charged Indian-origin engineer Nishad Singh, who was the co-lead engineer for FTX, and he decided to plead guilty to commodities fraud and other charges.
Coinbase Announces Suspension Of BUSD Trading Beginning March 13
A Coinbase representative stated that the suspension of BUSD trading will begin on March 13 because it was determined that BUSD no longer met their listing standards.