Cryptocurrency investment firm Grayscale Investments is taking more time to decide whether it should acquire and sell post-Merge forked Ethereum tokens. Grayscale announced on March 16 that the company intends to extend the review period for evaluating the market environment to determine whether it can acquire EthereumPoW (ETHW) tokens — the forked asset that emerged after Ethereum’s
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The crypto market is up today as the impact of the ongoing United States banking crisis plays out — the Federal Reserve has injected $300 billion into the economy. Data from Cointelegraph Markets Pro and TradingView shows Bitcoin (BTC) up 7%, Ether (ETH) 4.5% and Binance Coin (BNB) 5.7% in 24 hours. A broad rally in
An international operation has taken down Chipmixer, a cryptocurrency mixing service that allegedly laundered more than $3 billion worth of cryptocurrency, according to the U.S. Department of Justice (DOJ). The operation involved national authorities in the U.S., Germany, Belgium, Poland, and Switzerland — with Europol’s support. International Operation Takes Down Chipmixer The U.S. Department of
Billionaire Lance Gokongwei is spending 73.6 billion pesos ($1.3 billion) this year to ready his sprawling conglomerate to reap the fruits of a post-pandemic recovery. His family’s JG Summit is stepping up investments in each of its major businesses—airline, hotels and banking—to tap resurgent demand in the Philippines and key markets across Southeast Asia. More
Chinese president Xi Jinping will pay a state visit to Russian president Vladimir Putin on Monday in a move that will reaffirm the leaders’ strong ties despite western condemnation of Moscow’s invasion of neighbouring Ukraine. China’s foreign ministry said Xi and Putin would have “in-depth exchanges on bilateral relations and important international and regional issues
A rally in European stocks eased in morning trade on Friday, as investors’ concerns over the region’s banks ate away at the boost of the US rescue package to shore up struggling lender First Republic Bank. The region-wide Stoxx 600 was up 0.6 per cent, while Germany’s Dax rose 0.6 per cent and France’s Cac
Wall Street chief executives are occasionally willing to come together to support a good cause. The gathering organised by Treasury secretary Janet Yellen and Federal Reserve boss Jay Powell on Thursday was not quite a traditional charity event, however. The US’s biggest banks, including JPMorgan Chase, Citigroup, Well Fargo, Bank of America and several others
Bitcoin (BTC) software firm Lightning Labs and blockchain startup Tari Labs have agreed to convert a court-ordered temporary restraining order that halts the development of Lightning’s Taro protocol. In a March 15 filing, lawyers for both Lightning and Tari proposed converting the restraining order to a preliminary injunction — a temporary order that prevents a
An investigation into digital asset exchanges in the Russian capital has established that some of them are ready to buy digital coins and deliver paper money in the U.K. The transfer of funds does not usually involve the identification of the clients, Transparency International Russia reveals in a report. Russia-based Cryptocurrency Exchanges Swap Stablecoins for
In 2023, Bitcoin (BTC) and Cathie Wood’s Coinbase (COIN) investment are finally outperforming Warren Buffett’s popular “crypto bet” in Brazil’s fintech giant Nubank (NU). Bitcoin vs. crypto-exposure stocks NU, COIN As of March 17, Bitcoin’s price is up nearly 55% year-to-date (YTD). In comparison, Nubank has risen by only 26%. Meanwhile, another crypto-exposure asset, namely Coinbase stock (COIN), has
Ten separate audits conducted over two years on the Ethereum-based lending protocol Euler Finance deemed it “nothing higher than low risk” and had “no outstanding issues” before it suffered from a $196 million attack. In a series of tweets on March 17, Euler Labs CEO Michael Bentley described the “hardest days” of his life after
At the start of this week, I thought nothing could be more darkly funny than a libertarian-tinged entity called Silicon Valley Bank requiring a rescue by regulators. But I was wrong. Something could be funnier — namely, an attempt to blame the bank’s collapse on the diverse make-up of its board. Silicon Valley Bank, critics
The Ethereum layer two (L2) scaling solution Arbitrum has launched a native governance token named ARB and a self-executing decentralized autonomous organization (DAO) governance model. The ARB token will have an initial supply of 10 billion, and coins will be airdropped to the Arbitrum DAO treasury, Offchain Labs (the company behind Arbitrum), Offchain Labs investors,
Housing shortages, affordability crises and Nimbyism are growing problems in many countries, but it’s remarkable how much worse things have become in the English-speaking world. Forty years ago, the UK, US, Canada, Australia, New Zealand and Ireland had roughly 400 homes per 1,000 residents, level with developed continental European countries. Since then the two groups
Chancellor Jeremy Hunt’s sweeping boost to UK pension tax breaks looks set to benefit many higher earners, including doctors, lawyers and bankers. But this week’s announcements raise as many questions as they give answers. Pensioners and pension savers alike are trying to work out what it means for them. Tax planners have been flooded with
Activist investor Carl Icahn has urged the Federal Reserve to stay the course in the fight against the “disease of inflation” despite the failure of Silicon Valley Bank and two other banks last week. “I think you have to stamp out the disease of inflation,” Icahn told the Financial Times. “[Jay] Powell is completely right,”
Top Republicans are urging the White House to crack down on nuclear co-operation between Russia and China following reports that Moscow’s state-owned nuclear energy company is providing highly enriched uranium to Beijing. In a letter sent to US National Security adviser Jake Sullivan on Thursday, the chairs of the House armed services, foreign affairs and
Nonfungible token trading volumes took a massive beating following the collapse of Silicon Valley Bank last week as traders fled the markets, fearing the repercussions of a major United States bank going under. According to a March 16 report from data aggregation platform DappRadar, NFT trading volumes were hovering between $68 million to $74 million in
Chancellor Jeremy Hunt has abandoned plans to make sovereign wealth funds pay corporation tax on property and commercial enterprises after cabinet warnings that the move would hit inward investment and depress growth. Kemi Badenoch, business and trade secretary, led pressure on the Treasury to drop the proposals after warnings that SWFs, which include some of
The National Institute of Statistics and Census of Argentina released February’s numbers for the consumer price index (CPI), registering an increase of 6.6%, a consequence of the rises in prices of food and beverages principally. The number is among the highest in the history of Argentina, reaching more than 100% growth year-on-year (YoY), something that
U.S. Senator Elizabeth Warren alleges that Signature Bank failed because it “bought into its get-rich-quick narrative” and “embraced crypto customers with insufficient safeguards.” Emphasizing that the bank took “excessive risk,” the senator demanded answers from the CEO of Signature Bank regarding “the economically disastrous outcomes you created.” Senator Elizabeth Warren’s Letter to Signature Bank’s CEO