Page 23 - Cryptocurrency

Crypto wrap: Market in the green ahead of US Fed announcement next month

The US Federal Reserve is expected to meet on May 2 and 3 to decide on further rate hikes

Crypto exchange CoinDCX releases proof of reserve for January-March 2023

As of March 24, 2023, CoinDCX has reserves of 199.4 million tether (USDT) against the liabilities in 198.5 million tether (USDT)

Bitcoin extends recent bout of volatility in climb back toward $30,000

The largest token rose as much as 3.7% on Thursday to trade at $29,469.45, before paring the advance to around $28,930 as of 9:30 a.m. in New York

Bitcoin begins to test inflection point while momentum slows: Report

The largest digital currency is trading around its 50-day moving average, with Paul Hickey of Bespoke Investment Group noting that the level to watch is $27,500

Bitcoin could hit $100,000 by end-2024, says Standard Chartered

Bitcoin could gain from factors including recent turmoil in the banking sector, a stabilisation of risk assets as the U.S. Federal Reserve ends its rate-hiking cycle

SVB still seeing outflows after first citizens takeover, FT says

First Citizens' stock has risen more than 77% since the takeover, with its price hitting a record last week

Closer look at Bitcoin's rally suggests the depth of demand is deceptive

Since Binance stopped its zero-fee trading program, there's been a sharp drop-off in daily Bitcoin volume, Medalie said. Current trends are about half what they were prior to the halt

Crypto wrap: Profit booking, UK inflation data pull major tokens down

After a good show in the first half of the week, major crypto tokens saw major sell-off

Bitcoin drops again below $30,000 on account of interest rate fears

The largest token fell as much as 4.5% before paring some of the slide to trade at about $29,175 as of 11:50 a.m. in London on Wednesday

Bitcoin stalls near $30,000 after the token's biggest drop in over a month

Recent economic data have helped to firm bets on a quarter-point Fed rate hike in May while tempering projections for subsequent policy easing

Explained: All you need to know about Ethereum's latest Shapella upgrade

Regarded as the last milestone in the cryptocurrency's multi-year shift from proof-of-work (PoW) to proof-of-stake (PoS) consensus, Shapella will make earlier staked Ethereum more liquid

Bitcoin surged past $30,000. Is another crypto boom on the way?

It's clear that while the mood has improved compared with last year's apocalyptic vibe, the promising Bitcoin rebound alone won't be enough to fix the damage from last year's scandal-filled downturn

Bitcoin climbs to 10-month high of $30,000 as rate hike worries ease

For the past three weeks, Bitcoin was stuck in the range of $26,500 and $29,400

Bitcoin touches high end of recent range; Dogecoin extends gain

The largest cryptocurrency by market value rose as much as 3.1% to $28,442 on Tuesday, its first session higher in three

Crypto wrap: Market trading flat amid regulatory crackdown on Binance

Earlier this week, the US Commodity Futures Trading Commission filed a lawsuit against Binance for trading against customers and misusing internal trading channels

FTX founder Bankman-Fried charged with paying $40 million bribe to China

FTX founder charged with directing USD 40 mn in bribes to one or more Chinese officials to unfreeze assets relating to his cryptocurrency business in a newly rewritten indictment unsealed on Tuesday

Crypto exchange Binance, its CEO sued by CFTC over US regulatory violations

Binance Holdings is the world's largest cryptocurrency exchange

Binance halts deposits, withdrawals after technical glitches: CEO Zhao

"Engine 1 is back online. Still need more time to do reconciliations, and for other engines to catch up," Zhao said in a subsequent tweet

Crypto wrap: Market remained in green despite rate hikes by Fed, BoE

Another major development in the crypto world during the week was the US Securities and Exchange Commission's 'Wells notice' to crypto exchange Coinbase

Bitcoin set to extend its 70% surge this year if key charts are right

Some analysts argue the token is being viewed as a hedge against the woes in the US and European banking sectors and benefiting from expectations of looser monetary policy