Despite four major banks imploding recently, Bitcoin remains resilient, but questions persist over the long-term sustainability of its ongoing rally.
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Adoption and nerves — Crypto pumps amid banking crisis
Despite four major banks imploding recently, Bitcoin remains resilient, but questions persist over the long-term sustainability of its ongoing rally.
Binance-CFTC FUD puts BNB price at risk of drop toward $200
BNB (BNB) looks set to wipe out its March gains entirely as investors turn their attention to the latest regulatory crackdown on Binance, the world's leading crypto exchange by volume.
BNB price logs worst daily performance in over a month
On March 27, the U.S. Commodity Futures Trading Commission sued Binance and its chief executive Changpeng Zhao (CZ), alleging that the company illegally offered crypto derivatives services to Americans and facilitated illicit financial activity.
BNB dropped by over 5.5% to $305 on the announcement day, logging its worst daily performance since Feb. 13, when its price dropped by over 5.8% due to another regulatory crackdown involving Binance-branded stablecoin, BUSD.
BNBUSD daily price chart. Source: TradingViewBNB's price stabilized on March 28, wobbling between gains and losses as CZ refuted CFTC's allegations. However, the BNB/USD pair risked falling further if one considers its recent response to regulatory actions.
For instance, the New York regulator's BUSD crackdown in February 2023 preceded a 15%-plus BNB price decline.
Binance-CFTC FUD puts BNB price at risk of dropping toward $200
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Altcoin Watch
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BNB (BNB) looks set to wipe out its March gains entirely as investors turn their attention to the latest regulatory crackdown on Binance, the world’s leading crypto exchange by volume.
China to upgrade national blockchain standards by 2025
The Chinese government has been proactively pursuing advancements in its blockchain sector and now aims to upgrade its industry development standards by the year 2025.
bZX DAO class-action ruling: Dev with upgrade key makes platform custodial
Delphi Labs general counsel Gabriel Shapiro tweeted that the ruling can also be potentially applied to developers with multisigs.
SBF banned from using online messengers under new bail agreement
The U.S. prosecutors reportedly agreed to allow Sam Bankman-Fried to stay home while restricting using some electronic devices and apps.
Here’s why CFTC suing Binance is a bigger deal than an SEC enforcement
Market observers pointed out that CFTC goes after the bigger fish, and its regulatory action often proves fatal for the crypto companies.
Here’s why CFTC suing Binance is a bigger deal than an SEC enforcement
Market observers pointed out that CFTC goes after the bigger fish, and its regulatory action often proves fatal for the crypto companies.
Zero-knowledge proofs coming to Bitcoin, overhauling network state validation
Zero-knowledge proofs have powered the development of Ethereum layer 2s, and now they’re coming to Bitcoin.
Zero-knowledge proofs coming to Bitcoin, overhauling network state validation
Zero-knowledge proofs have powered the development of Ethereum layer 2s, and now they’re coming to Bitcoin.
How does the monetary supply affect cryptocurrencies?
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Cointelegraph YouTube
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The show Macro Markets, hosted by Marcel Pechman, which airs every Friday at 12 pm ET on the Cointelegraph Markets & Research YouTube channel, explains complex concepts in layman’s terms and focuses on the cause and effect of traditional financial events on day-to-day crypto activity.
How does the monetary supply affect cryptocurrencies?
Cointelegraph analyst and writer Marcel Pechman explains how the monetary supply affects cryptocurrencies.
Bitcoin price retains $27K, but forecast says 'correction is incoming'
BTC price action repeatedly tests the mettle of $27,000 support, while Bitcoin analysis differs over what comes next.
Bitcoin price retains $27K, but forecast says ‘correction is incoming’
Bitcoin (BTC) attempted to rescue $27,000 support on March 28 as the dust settled on United States regulatory action against the Binance cryptocurrency exchange.
BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBinance CEO dismisses “disappointing” complaint
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD repeatedly testing the $27,000 mark overnight.
The pair had seen downward volatility the day prior as news hit that Binance was at the center of a civil complaint by the Commodity Futures Trading Commission (CFTC).
The move unsettled markets, with commentators well aware of crypto firms previously targeted by authorities in the wake of the FTX debacle.
In a dedicated response to the complaint, Binance CEO Changpeng Zhao dismissed the accusations.
Binance saw $850M withdrawal prior to CFTC indictment: Data
In twelve hours preceding the indictment, almost $1.5 billion of crypto left several centralized platforms, according to Thanefield Capital.
Binance saw $850M withdrawal prior to CFTC indictment: Data
In twelve hours preceding the indictment, almost $1.5 billion of crypto left several centralized platforms, according to Thanefield Capital.
Binance Bitcoin balance drops by 3.4K BTC within 24 hours of CFTC lawsuit
Over the last 24 hours, Binance’s Bitcoin balance was reduced by over 3,900 BTC the past week, out of which 3,400 BTC were pulled out in the last 24 hours alone.
Binance Bitcoin balance drops by 3.4K BTC within 24 hours of CFTC lawsuit
Binance’s Bitcoin balance was reduced by over 3,900 BTC in the past week, of which 3,400 BTC were pulled out in the last 24 hours alone.
THORChain mainnet halted amid new vulnerability reports
THORChain has once again halted its network, taking action as a precautionary measure while verifying reports on a potential network vulnerability.