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Earlier this week on Twitter, United States Democrat Senator Elizabeth Warren announced that she is “building an anti-crypto army” as part of her re-election campaign. I’m in this fight to put our government on the side of working families. Join our re-election campaign today: https://t.co/KuZwvrwkqT pic.twitter.com/fCUcqE9PZM — Elizabeth Warren (@ewarren) March 29, 2023 Warren has been at the forefront of several anti-bitcoin and crypto bills introduced over the past year. She recently posted a video outlining her proposals for the senate re-election campaign, stating, “I’m in this fight to put our government on the side of working families.” On December 14, 2022, Warren and Senator Roger Marshall introduced the Digital Asset Anti-Money Laundering Act. According to Sen. Warren: The bipartisan bill will help close crypto money laundering loopholes and strengthen enforcement to better safeguard U.S. national security. However, the bill has be...

The Japan-based crypto exchange BitFlyer has decided to nominate its co-founder, Yuzo Kano, as the company’s Chief Executive Officer for the second time. The source familiar with the matter reported that the company, after a long debate over BitFlyer’s ownership, has come to a conclusion to assign Kano the position of CEO. Previously, in 2019, Kano resigned from the position of the CEO, after a series of management disputes resulting in the country’s Financial Services Agency (FSA) probing into the exchange, demanding stricter KYC and AML measures. Nonetheless, in February 2023, Kano being a major shareholder of the company, with a 40% stake, shared his concerns regarding a return to the exchange, with an intention to lead it to an Initial Public Offering (IPO) in the upcoming months. He added that he would direct the company to an international level, commenting that he would “make it capable of fighting on the international stage”. Significantly, Kano reassured that h...

CryptoCompare, a leading crypto data provider, recently published a report on the stablecoin market, highlighting the epic recovery of stablecoins USDC, DAI, and FRAX after they had lost their $1 peg following the crisis in the US banking sector. According to the report, the total market cap of stablecoins fell by 1.34% to $133 billion in March, representing the lowest market share since September 2021, which also marked the twelfth consecutive month of decline. CryptoCompare noted that the downfall was due to the collapse of Silicon Valley Bank, which was USDC’s banking partner. Data from the market tracking portal, CoinMarketCap, shows that USDC de-pegged to as low as $0.877 on March 11, which affected other stablecoins with USDC in reserves. However, on March 14, stablecoins trading volume reached $51.9 billion as USDC and other stablecoins recovered their peg. The figure represented the highest daily volume recorded since November 10. Notably, the market cap of...

According to the latest data, it appears that the blockchain platform SafeMoon’s exploitation was facilitated by the platform’s recent upgrade that introduced a “public burn bug.” On March 29, the on-chain analytic platform PeckShield Inc. shared a Twitter thread on its official page, declaring that the upgrade’s public burn bug led to the exploit, supposedly initiated by an admin key leak: Hi @safemoon The upgrade, with the exploited public burn bug, was initiated by the official SafeMoon: Deployer. (Admin key leak?) And here comes the upgrade tx. https://t.co/ffAhm9qhgG https://t.co/KYEiYxMRII pic.twitter.com/9CQhseircP — PeckShield Inc. (@peckshield) March 28, 2023 Previously, it was revealed that nearly $9 million in tokens were drained out of the exchange following the exploitation when the attackers manipulated a fabricated feature on the platform’s smart contracts. Subsequently, SafeMoon updated its Twitter page with the information that the platform’...

A prosecutor investigating Terraform Labs CEO Do Kwon for alleged passport forgery in Montenegro has indicated that he will not be extradited soon. The law enforcement official told South Korean media that Montenegrin authorities intend to indict Kwon within a month, ruling out the possibility of him being handed over to other countries within the detention period. Passport Forgery Investigation Takes Precedence Over Extradition Requests in Do Kwon’s Case It may take some time before an extradition process begins for Do Kwon, the South Korean Yonhap news agency reported, quoting the prosecutor working on the case of the Terraform Labs co-founder who was recently arrested in Montenegro. Judicial condemnation of crimes that have taken place in Montenegro’s jurisdiction is a priority for the authorities in the small Balkan nation, Haris Šabotić stated in an interview in the Montenegrin capital Podgorica on Monday. Šabotić is in charge of the local investigation against Kwon for allege...

Join Our Telegram channel to stay up to date on breaking news coverage The case brought by the U.S. Securities and Exchange Commission (SEC) accusing Ripple Labs’ XRP token of being a security is expected to have a favorable outcome, according to Monica Long, president of Ripple Labs. In a recent interview in public, Long expressed her “extremely hopeful” expectation that Ripple would win the lawsuit. The president of the payments company asserts that the cryptocurrency sector wants regulatory certainty and clarity from the US markets regulator even if she believes the SEC is unlikely to prevail in the action since “facts and the law” are on Ripple’s side. We believe it is extremely improbable that the SEC would prevail in the litigation since, in our opinion, the law and the facts support our position. In terms of the bigger picture of what’s going on with regulation in the US, we’re seeing more activity through enforcement rath...

In a recent tweet by MicroStrategy founder, Michael Saylor, he posted a poll for his followers asking them what kind of Bitcoin investor they are while presenting four options. What kind of #Bitcoin er are you? Maximalist: Bitcoin is global freedom and economic empowerment. ️ Technocrat: Bitcoin is the dominant digital monetary network. 🪙 Investor: Bitcoin is digital gold. Skeptic: Bitcoin is too good to be true. — Michael Saylor️ (@saylor) March 26, 2023 The first type is the “Maximalist” who sees Bitcoin as a means to achieve global freedom and economic empowerment. The second type is the “Technocrat” who views Bitcoin as the dominant digital monetary network. Meanwhile, the third type is the “Investor” which considers Bitcoin to be digital gold. Finally, the fourth type is the “Skeptic” which doubts Bitcoin’s legitimacy and believes that it’s too good to be true. Crypto expert and trader Lady o...

The Shibarium public beta testnet and documentation released this month gave users a glimpse of what the upcoming network holds. A handful of projects announced support for the network by confirming developments on the layer-2 solution. The new project added to the list is PawZone (PAW), which is also available for investors to purchase on ShibaSwap. The token went live on ShibaSwap on Sunday, March 26 garnering nearly 5,000 holders in a day. Also Read: Shiba Inu: The Road to $0.01 Is Now on Shibarium’s Shoulders Alone $PAW is now available on ShibaSwap. Our journey has just begun ShibArmy. Token Address: 0x1AA51bc7eb181ce48CE626Bf62f8956Fa9555136 pic.twitter.com/VWXdatkHKS — PAW (@PawZoneToken) March 26, 2023 Shiba Inu: PawZone to Build NFT Marketplace on Shibarium Source: Twitter / PawZoneToken The PawZone team announced to launch an NFT marketplace on Shibarium when the network goes live and is fully functional. The NFT marketplace named PawZaar will begin digit...

Bloomberg reported the grim reality that a $100,000 salary in New York is worth only about $36,000 after taxes and living expenses. Moreover, the report notes an Analysis done by SmartAsset, a financial info provider, that assessed the experience of six-figure earners in 76 of the largest US cities. The current economic state of the US is a fragile one, following the continued inflation fight, and budding banking crisis. Subsequently, Bloomberg is shedding light on the tremendous cost of living in certain areas, and how different take-home pay can be, depending on where you call home. $100,000 annual salary in New York City is worth $36,000 after taxes and cost of living, Bloomberg reports. — Watcher.Guru (@WatcherGuru) March 25, 2023 $100,000 Earners Find Grim Reality in New York How far a dollar can go is always an interesting cultural development. The status of a country’s economic strength can partially be seen in the experience of certain earners, and how far th...

The Bitcoin price prediction reveals that BTC is yet to gain strength above the channel as the king coin could risk fresh support. Bitcoin Prediction Statistics Data: Bitcoin price now – $28,146 Bitcoin market cap – $541 billion Bitcoin circulating supply – 19.3 million Bitcoin total supply – 19.3 million Bitcoin coinmarketcap ranking – #1 BTC/USD Long-term Trend: Ranging (Daily Chart) Key levels: Resistance Levels: $34,000, $36,000, $38,000 Support Levels: $23,000, $21,000, $19,000 Looking at the daily chart, BTC/USD is likely to cross below the 9-day moving average before sliding toward the 21-day moving average. The Bitcoin price could begin another decline if bulls failed to push it above the upper boundary of the channel. At the opening of today’s trading; the king coin touches the resistance level of $28,534, but any further bearish movement may push it to the bearish zone. Bitcoin Price Prediction: Would Bitcoin (BTC) Head to Down...

Join Our Telegram channel to stay up to date on breaking news coverage The Dash price prediction shows that DASH may continue with the bullish movement if the market could rise above the $65 level. Dash Prediction Statistics Data: Dash price now – $62.1 Dash market cap – $698.8 million Dash circulating supply – 11.1 million Dash total supply – 11.1 million Dash coinmarketcap ranking – #68 DASH/USD Market Key Levels: Resistance levels: $85, $90, $95 Support levels: $40, $35, $30 DASHUSD – Daily Chart DASH/USD is showing positive movement for the past few days as the market crosses above the 9-day and 21-day moving averages. Apart from this, the price of Dash may need to head towards the upper boundary of the channel and traders can expect the price to hit the nearest resistance level of $65. Dash Price Prediction: DASH Could Shoot to the North The daily chart shows that the Dash price is attempting to create a new positive trend,...

Amidst a digital asset industry that has remained steady during uncertainty in the banking sector, Bitcoin (BTC) dominates, outperforming 97% of all S&P Companies in 2023. Specifically, Finbold reported the crypto has exceeded almost all of the top-500, publicly traded companies in March. The news arrives as the entire banking sector has experienced a tumultuous few weeks. First setting off with the closure of Silicon Valley Bank, a newfound panic has ensued in the sector following the largest bank failure since the financial crisis of 2008. Source: Investing News Network Bitcoin Stands Out Thus Far in 2023 Last year was undoubtedly a near incomparable crypto winter. Yet, as the industry was reeling from down prices across the board, 2023 began with a newfound optimism and performance for the digital asset industry. Subsequently, that has carried over amidst economic worries abounding the market this year. Specifically, Finbold has reported that Bitcoin (BTC) is dom...

On Monday, U.S. president Joe Biden published the administration’s economic report and addressed the subject of cryptocurrencies. The section titled “The Perceived Appeal of Crypto Assets” describes the currencies as “mostly speculative investment vehicles” that are “unbacked” and “traded without fundamental anchors.” The White House insists that crypto assets do not deliver on their promises and do not “perform all the functions of money as effectively as sovereign money, such as the U.S. dollar.” Crypto Assets and Defi Highlighted in Biden Administration’s Economic Report The recently published “Economic Report of the President” covers various topics, including the war in Ukraine, Covid-19, infrastructure, and U.S. employment statistics. On page 239, the report delves into bitcoin and other crypto assets, examining claims made by proponents and attempting to refute them. The Biden administration view...

Lennix Lai, managing director of Global Institutional at OKX spoke with Cointelegraph about what it means to be transparent in a post-FTX and SVB crypto industry. The global Cryptocurrency Exchange OKX released its fifth edition of its proof- of- reserves (PoR) report, which it began releasing in Nov. 2022 in its effort for more Transparency in the industry.  According to the latest edition, OKX holds $8.9 billion across Bitcoin (BTC), Ethereum (ETH) and the Tether stablecoin (USDT). This puts the reserve ratios of BTC, ETH and USDT at 103%, 103% and 102%, respectively. This latest release also comes as the exchange upgraded its PoR system with more transparency by making full liabilities (i.e. the total balance of user deposits) publicly accessible. Cointelegraph spoke with Lennix Lai, the managing director of Global Institutional at OKX, regarding these extra steps towards transparency. Lai said that recent events in industry highlight that, “crypto-native challenges require cry...

The Mid-Size Bank Coalition of America has asked federal regulators to extend FDIC insurance to cover all deposits for the next two years. “Doing so will immediately halt the exodus of deposits from smaller banks, stabilize the banking sector and greatly reduce chances of more bank failures,” the group claimed. “It is imperative we restore confidence among depositors before another bank fails, avoiding panic and a further crisis.” Preventing ‘Panic and Further Crisis’ The Mid-Size Bank Coalition of America (MBCA) has reportedly asked federal regulators to extend Federal Deposit Insurance Corporation (FDIC) insurance to all deposits for the next two years. The MBCA currently represents about 110 banks, including those with assets of about $100 billion. In a letter to the FDIC, the Comptroller of the Currency (OCC), the Federal Reserve, and Treasury Secretary Janet Yellen, seen by Bloomberg News, the group explained: Doing so will immediately halt t...

Join Our Telegram channel to stay up to date on breaking news coverage Bitcoin Is Set to Achieve a New High of $30,000 as It Consolidates and Hovers above $27K – March 19, 2023 Over the last 48 hours, the price of BTC/USD has risen steadily as it hovers above $27K. The price movement has been motionless as a result of the existence of Doji candlesticks, small body uncertain candlesticks. The Doji candlesticks indicate a rift between buyers and sellers over the market’s course. As of the time of this writing, the largest cryptocurrency has a value of $27,110.00. Bitcoin Price Statistics Data: •Bitcoin price now – $27,110.21 •Bitcoin market cap – $523,700,845,399 •Bitcoin circulating supply – 19,321,743 BTC •Bitcoin total supply – $569,188,698,627 •Bitcoin Coinmarketcap ranking – # 1 Resistance Levels : $50,000, $55, 000, $60,000 Support Levels: $25,000, $20,000, $15,000 Yesterday, the price of Bitcoin (BTC) in...