Ether Erases All Gains From Shanghai Rally as Bitcoin, Other Crypto Prices Also Fall
Ether (ETH) dropped to as low as $1,833 Friday afternoon, its lowest price since April 9, CoinDesk data shows. The second-largest cryptocurrency by market capitalization has now erased all price gains of its recent rally following the seamless implementation last week of the highly anticipated Shanghai upgrade. ETH has declined more than 13% from a Tuesday high of $2,118. It has fallen 5.3% over the past 24 hours as investors continue to weigh macroeconomic and crypto-industry focused uncerta...
Ether Erases All Gains From Shanghai Rally as Bitcoin, Other Crypto Prices Also Fall
Ether (ETH) dropped to as low as $1,833 Friday afternoon, its lowest price since April 9, CoinDesk data shows. The second-largest cryptocurrency by market capitalization has now erased all price gains of its recent rally following the seamless implementation last week of the highly anticipated Shanghai upgrade. ETH has declined more than 13% from a Tuesday high of $2,118. It has fallen 5.3% over the past 24 hours as investors continue to weigh macroeconomic and crypto-industry focused uncerta...
Bitcoin Drops to $29,000 in Sudden Sell-Off; Longs Are 98% of Over $160M in Crypto Liquidations
Bitcoin (BTC) slid more than 3% in just 15 minutes in European morning hours on Wednesday, taking the largest cryptocurrency by market capitalization below $30,000. Further declines took it as low as $29,000, CoinDesk data shows. While the sell-off did not appear to stem from any fundamental reason immediately, a huge market sell order of bitcoin occurring from crypto exchange Binance and an unexpectedly high U.K. March inflation figure of more than 10% may have influenced market sentiment. A...
Bitcoin Drops to $29,000 in Sudden Sell-Off; Longs Are 98% of Over $160M in Crypto Liquidations
Bitcoin (BTC) slid more than 3% in just 15 minutes in European morning hours on Wednesday, taking the largest cryptocurrency by market capitalization below $30,000. Further declines took it as low as $29,000, CoinDesk data shows. While the sell-off did not appear to stem from any fundamental reason immediately, a huge market sell order of bitcoin occurring from crypto exchange Binance and an unexpectedly high U.K. March inflation figure of more than 10% may have influenced market sentiment. A...
U.S. House Committee Publishes Draft Stablecoin Bill.
The U.S. House Financial Services Committee published a draft version of a potential landmark stablecoin bill, with proposals including a moratorium on stablecoins backed by other cryptocurrencies and a request to study a central bank digital currency (CBDC). The bill, available on the committee's hearing page, represents the first major piece of crypto legislation to move in 2023, and follows two key incidents over the past year involving stablecoins: the blowup of terraUSD (UST), which...
U.S. House Committee Publishes Draft Stablecoin Bill.
The U.S. House Financial Services Committee published a draft version of a potential landmark stablecoin bill, with proposals including a moratorium on stablecoins backed by other cryptocurrencies and a request to study a central bank digital currency (CBDC). The bill, available on the committee's hearing page, represents the first major piece of crypto legislation to move in 2023, and follows two key incidents over the past year involving stablecoins: the blowup of terraUSD (UST), which...
Ethereum’s Shanghai Upgrade Is Complete, Starting New Era of Staking Withdrawals
The upgrade on the blockchain, also known as "Shapella," was triggered at 22:27 UTC, and the network is now processing withdrawal requests.
Ethereum’s Shanghai Upgrade Is Complete, Starting New Era of Staking Withdrawals
The upgrade on the blockchain, also known as "Shapella," was triggered at 22:27 UTC, and the network is now processing withdrawal requests.
Crypto Exchanges Must Share User Data With Russia, Prosecutor General Demands
Digital asset exchanges must be obliged to provide user information to Russia’s law enforcement agencies, the country’s Prosecutor General has insisted. The circulation of cryptocurrencies in the Russian Federation needs to be regulated to counter money laundering, the official added. Cryptocurrency Exchanges Have to Report to Russian Authorities, Chief Prosecutor Says Crypto service providers should be required to register in Russia and exchanges obliged to share information about their user...
Crypto Exchanges Must Share User Data With Russia, Prosecutor General Demands
Digital asset exchanges must be obliged to provide user information to Russia’s law enforcement agencies, the country’s Prosecutor General has insisted. The circulation of cryptocurrencies in the Russian Federation needs to be regulated to counter money laundering, the official added. Cryptocurrency Exchanges Have to Report to Russian Authorities, Chief Prosecutor Says Crypto service providers should be required to register in Russia and exchanges obliged to share information about their user...
