Today at Chaintalk News

March 25, 2023

Interoperability for Newbies: The Next Evolution of Blockchain

By ChainTalk TV

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Avalanche price analysis: AVAX shows high volatility as price lowers from $18 resistance

Avalanche price analysis shows price continuing to trend sideways to remain below the $18 resistance point. Over the past 24 hours, AVAX dropped 3 percent to move back to the $17 mark, after last getting rejected at the current resistance on March 18. Avalanche price also continues to show high volatility on the daily chart, … Avalanche price analysis: AVAX shows high volatility as price lowers from $18 resistance Read More »
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How Much Bitcoin Can You Mine in a Day?

If you’ve been around the crypto realm for a while, you’ve surely come across the term Bitcoin mining. While an appealing practice, there are some factors to consider before you go and buy your first mining rig, including how much Bitcoin you can mine in a day. Bitcoin mining, for some, is a painfully expensive
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Tether releases Q1 USDT profit estimate amid growing FUD

Tether expects its Q1 earnings at roughly $700 million. The SEC launches an assault on stablecoins and USDT might be caught in the crosshairs. Tether has expressed optimism about its profits in Q1, especially now that March is approaching its conclusion. The demand for USDT surged in during the quarterly period for numerous reasons but
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SEC Issues Warning Against Investing in Crypto Asset Securities

The SEC believes PoR "is not as rigorous, or as comprehensive, as a financial statement audit and may not provide any level of assurance."
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$12,000,000,000 Asset Manager Says Investors Flocking to Bitcoin and Crypto Amid Global Banking Fallout

The CEO of the $12 billion financial advisory firm deVere Group, Nigel Green, says investors are seeking alternatives like Bitcoin and crypto as the U.S. enters a new era of quantitative easing. In a blog post, Green says the U.S. Treasury’s actions after the fall of Silicon Valley Bank represent a new wave of money The post $12,000,000,000 Asset Manager Says Investors Flocking to Bitcoin and Crypto Amid Global Banking Fallout appeared first on The Daily Hodl .
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cointelegraph

White House report takes aim at Bybit — and forgot about Deribit

The White House isn’t doing any favors for derivatives traders by turning a blind eye to the biggest players in the space.

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White House report takes aim at Bybit — and forgot about Deribit

The White House isn’t doing any favors for derivatives traders by turning a blind eye to the biggest players in the space.
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Crypto Analyst Predicts XRP Price Will Surg Over 30% as Crypto Market Rises

A popular cryptocurrency analyst has predicted that the “next stop” for the price of $XRP, the native token of the XRP Ledger, may soon reach the $0.57 mark, which would represent an upside of around 32% from the cryptocurrency’s current price tag of around $0.42. According to cryptocurrency analyst Tara, XRP’s price rise should line
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Analyzing Q1 Metaverse NFT report card; Otherdeed saw 200% increase in…

Otherdeed saw over a 200% increase in virtual land sales in Q1 of 2023. Metaverse NFTs witnessed more sales in the Q1 of 2023 compared to 2022. As much as you may have wished the conversation around Non-Fungible Tokens (NFTs) to fade away, the topic is here to stay. Also, recent data has emerged to
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Cathie Wood Buys the Dip on Coinbase Stock Two Days After Dumping

ARK invest sold Coinbase shares on Tuesday, then bought an even larger haul on Thursday after word of the SEC's warning tanked the price.
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Defunct Swerve Finance still subject of $1.3 million live governance hack

A governance attack launched against a dead Curve clone called Swerve Finance is still ongoing and the culprit may have been doxed.
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Nasdaq to Offer Crypto Custody Services by Mid 2023

The stock exchange will seek to complete all regulatory requirements and roll out the service by the end of Q2.
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Bitcoin unchanged this week amid banking uncertainty, Fed pause hopes, regulatory heat

Bitcoin ( BTC-USD ) is on track to end the week largely unchanged as confidence in traditional banking took a hit, aiding the top cryptocurrency's upswing, and hopes of the Federal Reserve pausing rate hikes grew. But gains were capped by ongoing regulatory scrutiny in the industry. Recent regional bank failures and concerns over the stability of established lenders have dented trust in the traditional banking system. "We believe, as the banking crisis in the U.S deepens, bitcoin is more likely to behave as a risk-off asset," said Bernstein analyst Gautam Chhugani. "Correlations (with equities) have flipped for risk-off assets in the last few days, and it could be a critical signal for investors to monitor." Meanwhile, the Fed hiked its benchmark lending rate by 25 basis points, as expected, and ruled out rate cuts this year. However, some investors appear to be hopeful of a quarter-point rate cut in June, according to fed funds futures. Bitcoin ( BTC-USD ) rose to an over nine-month high of $28.8K the day the Fed announced its decision. It traded within the $26.6K-$28.8K range this week. The total crypto market cap currently stands at $1.15T, down 2.8% over Thursday, according to CoinMarketCap . Bitcoin ( BTC-USD ) was briefly hit on Friday by Binance, the biggest crypto exchange by trading volume, temporarily suspending spot trading due to a bug. Crackdown Continues U.S. regulators are continuing to clamp down on crypto companies, the latest being Coinbase Global ( COIN ), which was warned of potential charge s by the SEC. A day after, the SEC issued an investor alert warning that the risk of loss for crypto investors "remains significant" . It also voiced concerns about crypto exchanges that may not be complying with federal securities laws. The SEC also charged Tron founder Justin Sun and three of his firms for fraud and other securities law violations. Eight celebrities, including actress Lindsay Lohan, were charged for illegal touting of Tronix ( TRX-USD ) and BitTorrent ( BTT-USD ). Meanwhile, a person suspected of being fugitive Do Kwon, cofounder of Terraform Labs, was arrested by police in Montenegro. Terraform was behind collapsed crypto Luna ( LUNA-USD ) and sister token TerraUSD ( UST-USD ). U.S. Senator Ted Cruz (R-TX) proposed legislation to stop the Fed from creating a central bank digital currency, to ensure that "big government doesn't attempt to centralize" crypto. His views echo Florida Governor Ron DeSantis, who proposed a law that would prohibit the use of the CBDC. In other news, investors are awaiting a landmark court ruling on the SEC's lawsuit against Ripple Labs, which would determine whether XRP ( XRP-USD ) is a security or not. Bitcoin Price Bitcoin ( BTC-USD ) fell 3.1% to $27.42K at 6.45 pm ET and ether ( ETH-USD ) slid 3.6% to $1.75K. SA contributor The Freedonia Cooperative believes the recent banking turmoil appears to be aiding bitcoin's ( BTC-USD ) already positive 2023 momentum. "A key crypto indicator, the MVRV ratio, is signaling the next BTC bull run may already be underway." More on Crypto Clampdown Coinbase downgraded after Wells notice Coinbase: All's Not Well(s) Bitcoin Is Benefitting From Banking Sector Fallout
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Crypto Pundits Romance the Hyperinflation and Dollar Death Narrative. Is It a Real Scare?

Coinbase's former CTO, among others, has predicted that bitcoin will reach $1 million as the dollar fades, but these doomsayers are ignoring other historical precedents.
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Crypto-friendly Custodia Bank Faces Setback As Fed Denies Application For Supervision

The Crypto-friendly Custodia bank, founded by Caitlin Long, a well-known figure in the crypto industry, has been denied its application to come under the supervision of the U.S. Federal Reserve (Fed), according to an official announcement. The Board had previously announced the denial of the application. Still, the announcement confirmed that the order outlining the
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Animoca Brands cut target for metaverse fund by 20%

Hong Kong-based Animoca Brands, a developer of blockchain gaming technology, has reportedly reduced its target for its metaverse fund by 20% to $800 million due to volatility in the crypto sector. The company had initially announced that it was working on a new Animoca Capital fund with a target of $2 billion back in November … Animoca Brands cut target for metaverse fund by 20% Read More »
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Shiba Inu (SHIB) Developers Change Shibarium Testnet Chain ID: Details

To address the FUD surrounding the upcoming Shiba Inu scaling solution, developers have implemented a notable change. Per a Friday update dropped by Ringoshi Tōitsu, the operator of the Unification validator node and a top Shiba Inu community member, the Shibarium Testnet Chain ID has been changed to a unique code. Prior to this update, The post Shiba Inu (SHIB) Developers Change Shibarium Testnet Chain ID: Details appeared first on Times Tabloid .
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Cardano [ADA] hits a price ceiling of $0.388 – Are more gains unlikely?

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion Price action faced an obstacle at $0.3876. Aggregated CVD (cumulative volume delta) showed sellers had leverage. Cardano’s [ADA] recovery continues to face challenges but has clawed back some of the gains lost after retracement
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From ‘Twin Flames’ to Tarot: Justin Aversano Exhibits ‘Smoke and Mirrors’ Photo NFTs

Neil Gaiman and the Winklevoss twins are among the subjects in Aversano's tarot-inspired photo set, exhibiting in Los Angeles from Saturday.
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Amazon's NFT Plans Teased in a Receipt Mailed Friday Afternoon

In an email to CoinDesk's Nikhilesh De, Amazon appeared to confirm that digital tokens, an NFT gallery and resale opportunities are coming to the site.
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ARK Invest capitalizes on Coinbase dip with strategic purchases

This week, Cathie Wood’s ARK Invest fund made a savvy move by buying and selling Coinbase (COIN) shares. On Tuesday, the fund sold 160,887 COIN shares for $13.5 million when the stock was priced at approximately $83 each. Then 48 hours later, ARK took advantage of a dip in the stock and purchased 268,928 shares … ARK Invest capitalizes on Coinbase dip with strategic purchases Read More »
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cointelegraph

US Treasury’s Financial Stability Oversight Council held unscheduled, closed meeting

Heads of all major U.S. financial regulatory agencies gathered by video to hear a presentation by New York Fed staff that concluded that the banking system “remains sound.”

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US Treasury’s Financial Stability Oversight Council held unscheduled, closed meeting

Heads of all major U.S. financial regulatory agencies gathered by video to hear a presentation by New York Fed staff that concluded that the banking system “remains sound.”
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Binance Resumes Withdrawals After Resolving Bug That Affected Spot Trading

Binance has resumed deposits and withdrawals on its platform after being struck by a bug that forced the crypto exchange to halt spot trading.
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Dogecoin (DOGE) Unveils Massive Update To Ease Development of the Leading Meme Coin

A core developer of popular meme asset Dogecoin (DOGE) is unveiling widespread updates to the blockchain as a means of making development on the protocol easier. In a new announcement, DOGE developer Michi Lumin tells their 32,000 Twitter followers that many changes are coming to the project, including support for QR codes, other languages, message The post Dogecoin (DOGE) Unveils Massive Update To Ease Development of the Leading Meme Coin appeared first on The Daily Hodl .
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Over 1,200 German banks can now offer Bitcoin trading to their retail customers

Deutsche WertpapierService Bank AG (dwpbank), a German securities processing giant that manages over 5.3 million securities accounts, has announced the … Continued The post Over 1,200 German banks can now offer Bitcoin trading to their retail customers appeared first on Finbold .
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Tether aims for $700M profit in Q1 2023, CTO claims

Tether chief technical officer Paolo Ardoino stated at Paris blockchain Week 2023 that the cryptocurrency company, which is the issuer of stablecoin, intends to achieve a $700 million profit in the first quarter of 2023, matching the profits of the last quarter of 2022. The announcement comes as Tether’s market domination continues to grow, with … Tether aims for $700M profit in Q1 2023, CTO claims Read More »
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NFTX DAO Eyes Treasury Rebalancing After USDC Wobbles

The decentralized autonomous organization’s token holders are voting to diversify $2 million of its treasury’s assets amid a turbulent crypto market.
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Are XRP whales assembling for a win as Ripple president oozes confidence

XRP whale transactions between $100,000 and $1 million have remarkably increased. Ripple’s president showed optimism about a win as more people backed the firm. For over two years, Ripple [XRP] has been locked in a lawsuit with the SEC, led by Gary Gensler. At several points within this period, rumors have flown around that a
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cointelegraph

Animoca Brands cuts metaverse fund target to $800M: Report

The company announced in November 2022 that it was working on a new Animoca Capital fund with a target of $2 billion but then halved that target in January 2023.

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Animoca Brands cuts metaverse fund target to $800M: Report

The company announced in November 2022 that it was working on a new Animoca Capital fund with a target of $2 billion but then halved that target in January 2023.
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Bitcoin Edges Below $28K as Investors Weigh Deutsche Bank Contagion Fears

But the largest cryptocurrency by market capitalization is still up about 16% in March. Ether dropped below $1,800.
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Crypto Biz: Mastercard opens network to USDC, OKX departs Canada, Bitcoin climbs

Despite global bank turmoil and regulatory crackdowns, traditional and decentralized finance (DeFi) are continuing to blend.
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cointelegraph

Crypto Biz: Mastercard opens network to USDC, OKX departs Canada, Bitcoin climbs

Despite global bank turmoil and regulatory crackdowns, traditional and decentralized finance (DeFi) are continuing to blend.

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Bitcoin Price Prediction as BTC Bounces Up From $28,000 Support – Where is BTC Heading Now?

As Bitcoin (BTC) remains stable around the $28,000 mark, the cryptocurrency community is eagerly watching to see if it will continue to climb upward or if it will fall below its current support level. Despite regulatory concerns and an interest rate hike by the US Federal Reserve, Bitcoin has managed to rebound with a 3.8% boost in the past 24 hours. This has resulted in an overall increasing trend in the cryptocurrency market, with other altcoins also experiencing a surge in value. ... Read More: Bitcoin Price Prediction as BTC Bounces Up From $28,000 Support – Where is BTC Heading Now?
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Bitcoin bulls remain bullish, but macro and crypto-specific hurdles have BTC pinned below $30K

All the pieces are in place for BTC to rally to $30,000, but escalating economic uncertainty and regulatory pressure add strength to the key resistance level.
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cointelegraph

Bitcoin bulls remain bullish, but macro and crypto-specific hurdles have BTC pinned below $30K

All the pieces are in place for BTC to rally to $30,000, but escalating economic uncertainty and regulatory pressure add strength to the key resistance level.

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gm: How Gnosis Has Endured and Evolved

Gnosis first launched in 2015 as a decentralized prediction market built on Ethereum. Now it's a DAO, a multi-sig wallet, a staking chain, and a vibrant community with its own GNO governance token. Co-founder and COO Friederike Ernst talked to Dan Roberts and Stacy Elliott about the careful evolution of Gnosis, decentralization impostors, account abstraction, DeFi UX failures, why Ethereum is the "Manhattan of crypto," and much more. Watch and make sure to subscribe to the gm podcast on Apple or Spotify.
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Ethereum Shapella Upgrade: Bug Bounty Doubled to $500k

After deployment on Ethereum’s mainnet, Shapella will enable staked ETH withdrawals for the first time.
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cointelegraph

German Dwpbank to offer Bitcoin trading to 1,200 affiliate banks on new platform

Securities processor Deutsche WertpapierService Bank will provide its affiliates with seamless integration with their current offerings, with more digital assets to come.

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German Dwpbank to offer Bitcoin trading to 1,200 affiliate banks on new platform

Securities processor Deutsche WertpapierService Bank will provide its affiliates with seamless integration with their current offerings, with more digital assets to come.
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President of El Salvador readies bill to remove taxes on AI and tech innovations

Nayib Bukele, the President of El Salvador, announced plans to present a bill to the country’s Congress next week that … Continued The post President of El Salvador readies bill to remove taxes on AI and tech innovations appeared first on Finbold .
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Bitcoin [BTC] can witness a further price hike if these factors are checked

After a short decline, BTC managed to reclaim the $28,000 status. Several market indicators and metrics looked bullish; BTC’s RSI was overbought. For a short period, Bitcoin [BTC] witnessed a decline in price, which pushed BTC’s value under $27,000 on 23 March. However, the king of all coins showed a speedy recovery and again managed
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Arbitrum airdrop hype grips DeFi world: Finance Redefined

The Arbitrum airdrop has created quite a hype in the DeFi industry, with several fake airdrops and exploits leading up to the distribution.
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cointelegraph

Arbitrum airdrop hype grips DeFi world: Finance Redefined

The Arbitrum airdrop has created quite a hype in the DeFi industry, with several fake airdrops and exploits leading up to the distribution.

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Shibarium Beta Releases Public Documentation: Here's What You Need to Know

Shiba Inu developers have released public documentation for Shibarium beta, a layer-2 solution that aims to provide a low-cost blockchain solution for the Shiba ecosystem
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Exchanges and Mining Farms Shut Down in Venezuela

The moves come amidst an anti-corruption investigation that has brought an arrest, resignation, and a national scandal.
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Bitcoin mining report: March 24

Bitcoin mining stocks were mostly lower on Friday.
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Crypto Whales Load Up On XRP and MATIC, Defying Market Uncertainty – On-Chain Data Reveals

On-chain data shows a continued accumulation of XRP and Polygon’s native tokens, XRP and MATIC, by big investors despite the ongoing market uncertainty.
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cointelegraph

MakerDAO votes to keep USDC as primary collateral, rejects ‘diversification’ plan

The passed measure ends the 1% USDC-to-DAI minting fee that was previously implemented.

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MakerDAO votes to keep USDC as primary collateral, rejects ‘diversification’ plan

The passed measure ends the 1% USDC-to-DAI minting fee that was previously implemented.
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JP Morgan: Crypto market participants becoming more reliant on stablecoins following Silvergate Bank closure

JP Morgan (JPM) released a research report Wednesday which suggested that it will take time for new banking networks to fill the void left by Silvergate Bank, Silicon Valley Bank, and Signature Bank in the U.S.. In the meantime, crypto market participants and investors appear to have turned more towards stablecoins to move money around. … JP Morgan: Crypto market participants becoming more reliant on stablecoins following Silvergate Bank closure Read More »
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Justin Aversano's Inspiration for Tarot-Themed NFT Photo Series 'Smoke and Mirrors'

Justin Aversano, best known for his high-selling "Twin Flames" NFT photo series, joined Decrypt’s Andrew Hayward ahead of the upcoming L.A. exhibition for his new Ethereum NFT project "Smoke and Mirrors." He shared the wild inspiration behind the tarot-themed collection, and why—despite his growing profile—he opted not to exhibit at a major brand-name gallery.
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Top Crypto Analyst Benjamin Cowen Maps Path Forward for Bitcoin (BTC) – Here Are His Targets

Widely followed crypto strategist Benjamin Cowen is laying out the path forward for Bitcoin (BTC) after the Federal Reserve raised interest rates by 25 basis points. Cowen tells his 785,000 YouTube subscribers that Bitcoin is likely to experience choppy price action roughly between the $15,500 and $29,000 zone going forward. “My expectations for this year The post Top Crypto Analyst Benjamin Cowen Maps Path Forward for Bitcoin (BTC) – Here Are His Targets appeared first on The Daily Hodl .
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Binance Halts Spot Trading After Matching Engine Glitch

Binance, the world’s largest cryptocurrency exchange by trading volume, earlier today, on March 24, temporarily halted spot trading due to a matching engine glitch that disrupted the platform. Bug Detected, Withdrawal And Depositing Halted The CEO of Binance, Changpeng Zhao, popularly known as “CZ,” said they detected a bug during an analysis of a trailing
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cointelegraph

Price analysis 3/24: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, SOL, DOT, LTC

Bitcoin and altcoins could see profit-taking and risk-off positioning as the weekend approaches and investor concerns about Deutsche Bank arise.

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Price analysis 3/24: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, SOL, DOT, LTC

Bitcoin and altcoins could see profit-taking and risk-off positioning as the weekend approaches and investor concerns about Deutsche Bank arise.
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Popular Crypto Analyst Says Bitcoin’s Short-Term Volatility a Distraction From Upward Macro Trend

A widely followed crypto analyst says the volatile movements of Bitcoin (BTC) distract from its overall upward trajectory. Pseudonymous crypto trader Rekt Capital tells their 340,000 Twitter followers to beware of distractions caused by short-term volatility in the BTC markets. “The short-term BTC volatility exists to distract you from Bitcoin’s long-term upside.” The pseudonymous trader further explains their point The post Popular Crypto Analyst Says Bitcoin’s Short-Term Volatility a Distraction From Upward Macro Trend appeared first on The Daily Hodl .
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Litecoin Price Prediction as LTC Rallies 38% From Recent Bottom – Can LTC Reach $100 in 2023?

Litecoin (LTC), the cryptocurrency that power’s the payment-focused Litecoin blockchain that was born out of a hard fork of the Bitcoin blockchain back in 2011, has pulled lower from earlier session highs in the $96 area on Friday and was last changing hands close to $91.... Read More: Litecoin Price Prediction as LTC Rallies 38% From Recent Bottom – Can LTC Reach $100 in 2023?
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cointelegraph

Bitcoin likely to outperform all crypto assets following banking crisis, analyst explains

The banking crisis is a catalyst for the next crypto bull run, in which Bitcoin will likely outperform all crypto assets, says Bloomberg analyst Mike McGlone.

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cointelegraph

Improving Bitcoin NFT marketplace infrastructure sets the stage for ecosystem growth

Bitcoin NFT inscription activity continues to rise and the launch of new BTC specific marketplaces could lay the groundwork for the next hype cycle.

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cointelegraph

European banks head into another weekend of uncertainty as default risks surge

An indicator of European bank default risk soars and stocks tumble on March 24 amid renewed fears surrounding the financial system.

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cointelegraph

Venture capitalists bail on Zipmex bailout, company warns of consequences: Report

V Ventures, a subsidiary of a Thai shipping company, missed a payment on its $100 million buyout of the troubled crypto exchange.

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cointelegraph

Nasdaq to launch crypto custody services by end of Q2: Report

The service will reportedly be the exchange operator’s first major venture into the crypto industry.

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cointelegraph

What are gift card scams, and how to avoid them?

Learn how to protect your finances and avoid gift card scams, including those in the world of cryptocurrency.

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cointelegraph

BTC price centers on $28K as Deutsche Bank shares follow Credit Suisse

Bitcoin refuses to give up recently reclaimed support as Deutsche Bank shows that the banking crisis is far from over.

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cointelegraph

7 advanced humanoid robots in the world

Discover seven advanced humanoid robots, their capabilities and applications in various fields.

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cointelegraph

Fed balance sheet adds $393B in two weeks — Will this send Bitcoin price to $40K?

The U.S. central bank’s liabilities may increase if more regional banks fail, creating an upside scenario for the price of Bitcoin.

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cointelegraph

Binance launches internal investigation following KYC bypass rumors

Following allegations that Binance employees and volunteers have helped users bypass KYC protocols, the crypto exchange says it is launching an internal investigation.

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cointelegraph

How Montana stands to benefit if its pro-crypto mining bill is approved

Montana is could face a series of changes if its pro-crypto mining bill is approved.

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cointelegraph

zkSync Era launches with Uniswap and Sushi — First zkEVM on mainnet

A new Era has dawned with the launch of the first Ethereum Virtual Machine compatible ZK rollup, enabling projects like Uniswap and Sushi to easily port over for scaling.

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cointelegraph

Heavyweight champ Oleksandr Usyk seeks to tokenize boxers’ careers

Olympic champion boxer Oleksandr Usyk launches a new blockchain-powered tokenized ecosystem platform aimed at supporting boxers through their careers.

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cointelegraph

Binance spot trading halted due to issue on trailing stop orders

Binance announced that spot trading on the platform experienced an issue, and the crypto exchange is working on resolving the problem.

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cointelegraph

Arbitrum airdrop sees 1,500 addresses consolidate $3.3M into two wallets

One wallet received $2 million in ARB, while another collected around $1.38 million worth of tokens.

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cointelegraph

Binance employees allegedly help customers in China bypass KYC controls

A new investigation claims that users around the world are manipulating Binance’s billion-dollar security protocols through inside help.

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cointelegraph

USDT issuer Tether has up to $1.7B in excess reserves, CTO says

Tether chief technology officer Paolo Ardoino believes USDT is becoming the “safest asset to hold in the world” amid the banking crisis.

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cointelegraph

Arbitrum airdrop: Hacked vanity addresses used to siphon $500K

The tokens were stolen by someone who compiled vanity addresses eligible for ARB airdrops.

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cointelegraph

Greenpeace war on Bitcoin unintentionally spawns ‘badass’ new mascot

Greenpeace’s “Skull of Satoshi” artwork highlights their gripes with Bitcoin’s consensus mechanism, but Bitcoin supporters adopted it as a new mascot.

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cointelegraph

Cathie Wood’s ARK loading up on Coinbase shares again, buying $18M

ARK Invest purchased 269,928 shares in Coinbase on March 23, only two days after it sold $13.5 million, its first sale of Coinbase shares this year.

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cointelegraph

ChatGPT can now access the internet with new OpenAI plugins

OpenAI said it is initially rolling out the plugins to a small set of users to "study their real-world use and impact," before expanding to larger-scale access.

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