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The bitcoin price rose nearly 1.5% to $30,430 in the minutes following the better-than-expected news. The latest inflation data was released on Wednesday (Getty Images) The U.S. Consumer Price Index (CPI) rose 0.1% in March, down from 0.4% a month previously, and slower than economist forecasts for 0.2%, according to the Bureau of Labor Statistics (BLS). On a year-over-year basis,...
The U.S. Treasury Department and French central bank published reports looking at DeFi risks and providing recommendations for mitigating them. (carterdayne/GettyImages) Decentralized finance (DeFi) is entering regulators’ crosshairs, but they don’t seem to be intent on taking it out – yet anyway. Instead a pair of reports from U.S. and French authorities seem more focused on understanding what sort of...
Bitcoin has hit $30,000 for the first time since last June and has set a new price high for 2023. has hit price highs not seen since mid-2022 with the largest crypto by market cap touching $30,000 and setting a new high for 2023. According to CoinGeckodata, Bitcoin has slightly surpassed $30,000 and is at nearly $30,200 at the time...
A new 45-page report detailing accounting failures at the failed crypto exchange says that at one point employees were instructed by an unnamed higher-up to “come up with some numbers? Idk.” Former FTX US President Brett Harrison. (Danny Nelson) A new report from the failed crypto exchange FTX’s current leadership says that former FTX US President Brett Harrisonresigned last Septemberpartly...
Twitter's temporary logo (Twitter) Dogecoin (DOGE) dropped after Twitter stopped using the cryptocurrency's mascot as its logo. It was recently down 7.3% to about 8.6 cents and got as low as 8.5 cents earlier in the aftermath of the change. (CoinDesk) DOGEsurged as high as 10.5 cents on April 3after Elon Musk's social-media company inexplicably shifted to using dogecoin's Shiba...
The 1 million instantly withdrawable ether has become a point of concern for the market. Ethereum’s backward-incompatible Shapella hard fork or Shanghai upgrade, slated to happen in eight days, will let users withdraw their "staked ether." Thelingering fearin the market is that the impending unlocking of ETH deposited in the network to boost security in return for rewards will see...
The funding came from DWF Labs, its eighth investment of $10 million or more in the last six weeks. (Elena Mozhvilo/Unsplash) Alchemy Pay, a payments provider based in Singapore, has received $10 million in investment from market maker DWF Labs at a $400 million valuation as it eyes expanding its business in South Korea. The company, which provides a way...
(Getty Images) Sushi Swap Head Chef Jared Grey is no longer feeling "inspired" after a wave of regulatory crackdowns on crypto exchanges, including the decentralized exchange (DEX) he manages, has put immense pressure on the crypto industry, according to comments he made during the protocol's ask-me-anything call on Thursday. Grey spoke candidly about his feelings toward U.S. regulators and the...
Kraken has inked a partnership deal with Williams Racing marking the first major return to F1 for crypto this year. Formula 1 teams could be warming to crypto advertising again despite a crypto sponsorship exodus in the wake of last year’s high-profile meltdowns. On March 28, American crypto exchange Kraken announced that it was partnering with the Williams Racing F1...
Nasdaq’s Auerbach: custody is first step in digital asset push Exchange group joins other big finance firms with crypto plans Nasdaq Inc.expects its custody services for digital assets to launch by the end of the second quarter as it joins a growing pool of traditional financial firms that could fill the role of crypto middlemen following a spate of bankruptcies...
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