Billionaire Tim Draper tells businesses to hold Bitcoin in the SVB aftermath
Billionaire Tim Draper tells businesses to hold Bitcoin in the SVB aftermathDraper said cryptocurrencies are a good option to hold excess cash as it needs to be a long-term holding that is easily saleable in times of crisis.
Happy SaturdayThe global crypto market cap is $1.15 trillion with a 24-hour volume of $37.18 billion. The price of Bitcoin is $27,578.44 and BTC market dominance is 46.2%. The price of Ethereum is $1,750.19 and ETH market dominance is 18.6%. The best performing cryptoasset sector is Manufacturing, which gained 21%.
Latest NewsBillionaire Tim Draper tells businesses to hold Bitcoin in the SVB aftermath
Draper said cryptocurrencies are a good option to hold excess cash as it needs to be a long-term holding that is easily saleable in times of crisis. Bitwise CIO sees ‘no path forward’ for spot Bitcoin ETFBitwise CIO Matthew Hougan Speaks on the SEC's Stance on Spot Bitcoin ETFs Crypto scams, exploits down 71% YoY as $370M lost since JanuaryEuler Finance, BonqDAO, and CoinDeal recorded the highest losses with $196 million, $120 million, and $45 million, respectively. Dogecoin dev tool update adds QR codes, moon phases, BIP-39 seed supportMichi Lumin described the update as a "big one" and said the release includes several new features as well as various fixes and improvements. Justin Sun: Huobi believes SEC impact is overThe Huobi advisor commented on the fallout of charges against his other projects. Bitcoin makes partial recovery after 4% drop brings price near $27.2KSeveral news events may have impacted investor sentiment negatively. Crypto twitter turns Greenpeace’s attempt to vilify BTC via art piece into memeThe Skull of Satoshi is the latest in Greenpeace's now year-long "Change the code" campaign to vilify Bitcoin by painting it as an environmental hazard. Nasdaq to launch crypto custody service for BTC, ETH in 2023 to inaugurate digital assets armNasdaq is the latest traditional financial giant to pivot toward crypto — joining the ranks of Fidelity Investments, BNY Mellon and BlackRock. Bitcoin cannot be stopped – Regulators will only be playing Whack-a-Mole: Caitlin LongCaitlin Long says Operation Chokepoint 2.0 is real, but stifling the U.S. crypto industry will bring other problems down the line. Investment in European crypto startups defied the 2022 bear marketEuropean crypto startups raised a record level of funding last year and saw increased interest from U.S. investors.
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Nasdaq to launch crypto custody service for BTC, ETH in 2023 to inaugurate digital assets arm
Friday, March 24, 2023
Nasdaq is the latest traditional financial giant to pivot toward crypto — joining the ranks of Fidelity Investments, BNY Mellon and BlackRock.
Coinbase CEO sells shares prior to SEC warning
Thursday, March 23, 2023
Brian Armstrong issued three transactions to sell Coinbase shares on March 15 and 21, according to recent data.
Former Coinbase CTO urges ‘get to Bitcoin’ before CBDC digital lockdown
Wednesday, March 22, 2023
Balaji Srinivasan warns of impending financial tyranny under CBDC system, advocates for Bitcoin as a solution.
Bitcoin long-term holders locking in profits could lead to BTC price pullback
Tuesday, March 21, 2023
Long-term holders are selling their Bitcoin, racing to lock in profits for the first time since May 2022 as Bitcoin surges past $28000.
Bitcoin spikes to 9-month high as central banks increase liquidity to mitigate banking crisis
Monday, March 20, 2023
BTC is now up more than 28% over the past week and the best performing cryptocurrency out of the top 10 by market cap.
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