Visa, Mastercard to push back on crypto-related services
Visa, Mastercard to push back on crypto-related servicesVisa and Mastercard have moved to suspend the launch of crypto-related services until market conditions and the regulatory environment improve.
Happy TuesdayThe global crypto market cap is $1.07 trillion with a 24-hour volume of $41.63 billion. The price of Bitcoin is $23,480.17 and BTC market dominance is 42.3%. The price of Ethereum is $1,637.02 and ETH market dominance is 18.7%. The best performing cryptoasset sector is Energy, which gained 5%.
Latest NewsVisa, Mastercard to push back on crypto-related services
Visa and Mastercard have moved to suspend the launch of crypto-related services until market conditions and the regulatory environment improve. Bitcoin hash rate reaches ATHBitcoin's hash rate reached its ATH of 320 EH/s, as stable electricity prices and rising demand enabled miners in the U.S. to achieve a higher uptime. Coinbase launches campaign to bolster crypto advocacy in US politicsCrypto 435 intends to build a community of crypto advocates and empower them with tools and resources necessary to influence policy making in the U.S. Non-exchange ETH supply exceeds 25M after 7 yearsLast time non-exchange addresses held over 25 million ETH was in 2016. OKX says CELT token price was manipulated; affected users to be compensatedOKX froze 5 malicious accounts that were involved in the market manipulation. Over 3 million USDT will be airdropped to affected users. Blur Bidding Pools reach new ATH of $143.51M in TVLThe total value locked into Blur stands at $143.51 million, which has risen fourfold since the token's launch on Feb. 15. Wintermute researcher links wallet associated with UST depeg to Jane StreetWintermute researcher Igor Igamberdiev said the transactions do not prove that Jane Street necessarily had malicious intent. Ripple asks SEC chair to recuse self from crypto enforcement casesRipple chief legal officer Stuart Alderorty said SEC Chair Gary Gensler has prejudged the outcome of crypto-related enforcement actions. Bank of England Deputy Governor tells treasury committee CBDC could have “could have huge benefits for the economy and society”The committee members supported the idea of a Bank of England backed CBDC, but cautioned against wild speculation in the broader crypto asset industry. Bitcoin core developer distances himself from NFTs using his code without permissionScare City marketplace has offered to fully refund the buyer of the Luke Dashjr NFT or donate the funds to OpenSats. Coins.ph CEO says why hyper-tokenization will trump hyper-BitcoinizationCoins.ph CEO Wei Zhou said mass adoption will come through stablecoins, eventually leading to "back door" Bitcoin growth.
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Coinbase survey indicates 20% of Americans own crypto
Monday, February 27, 2023
Crypto ownership is highest among younger Americans — 36% of Gen Z and 30% of Millennials reportedly owning crypto assets.
Huobi and KuCoin serve customers of sanctioned Russian banks: Politco
Saturday, February 25, 2023
Binance and ByBit may also have insufficient compliance policies.
Former SEC chief warns against using emojis for investment advice
Friday, February 24, 2023
US court ruled that using emojis relating to rocket ships, stock charts, and money bags could be classified as investment advice.
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Thursday, February 23, 2023
Sandeep Nailwal's sees a crypto landscape dominated by Ethereum and layer 2s interacting with the base chain.
The on-chain metric that could signal a bear market reversal
Wednesday, February 22, 2023
Given the historically different behaviors LTHs and STHs exhibit, the ratio between their realized prices can illustrate how the market dynamic is shifting.
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