Cryptocurrency financial services company Blockchain.com has suspended operations of its asset management subsidiary on March 9 as per Bloomberg report in reaction to the ongoing crypto winter.
Author: qaasim
qaasim
Salaam Rasak entered the crypto space while completing his Masters degree and has continued to dig deep into Web3 space since then, writing articles related to Web3 and blockchain. He started working with Blockchain Journal in September 2022.
In a dramatically unexpected manner, the entire crypto market capitalization is down by 7% within the past 24 hours according to data from CoinMarketCap, with deeper insight subsequently provided by Binance CEO Changpeng Zhao (CZ).
The Commodity and Future Trading Commission (CFTC) Chair Rostin Behnam reiterated its view on March 8 that Ethereum (ETH) and stablecoins are commodities that should be under the jurisdiction of its agency as per report.
Silvergate capital corporation is set to wind down and enter voluntary liquidation for its crypto bank due to the financial crisis and unfolding developments, according to the March 8 press release.
The United States Bankruptcy Judge Michael Wiles pronounced on March 7 that the bankruptcy crypto lender Voyager Digital can sell over $1 billion of its assets to Binance.US despite the objection by the U.S. Securities and Exchange Commission (SEC).
Ethereum co-founder Vitalik Buterin has reportedly sold $700,000 worth of shitcoins representing a huge chunk of the circulating supply of some of the tokens according to data posted on Etherscan on March 7.
Bitcoin (BTC) price is likely returning below $20,000 in order to reset a key metric around speculative profit-taking according to a report released by the analytics firm Glassnode.
Following the New York Department of Financial Services (NYDFS) directive ordering Paxos to stop minting BUSD stablecoin, crypto exchange Binance has switched gears to other stablecoins in a bid to satisfy the needs of users.
Against the backdrop of increasing crypto scams, Crypto exchange Binance explained how to avoid cryptocurrency scams via a blog post on March 6.
Seven different decentralized finance (DeFi) protocols reportedly lost more than $21 million to hackers in the month of February according to March 5 data from DeFi project aggregator DefiLlama.