The price of Bitcoin (BTC) briefly tipped over $29,000 on March 30, recording a new high for the 2023 year, despite recent United States regulatory crackdowns on crypto firms and related uncertainty. According to Cointelegraph Markets Pro, the price of Bitcoin reached $29,132.82 on March 30, reaching levels seen just before the collapse of cryptocurrency…
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Sam Bankman Fried’s new petition to have his legal expenses reimbursed has been met with fierce objection from lawyers representing the crypto exchange and its creditors committee. As per previous reporting by Cointelegraph, Bankman-Fried’s lawyers had filed a motion on March 15 seeking to have his court costs covered by directors and officers (D&O) insurance…
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The RESTRICT Act, a bipartisan bill introduced earlier this month into the United States Senate, could be applied in broad and unexpected ways, including to threaten crypto, should it become law, think tank Coin Center warned in its blog. The bill, formally known as the ‘‘Restricting the Emergence of Security Threats that Risk Information and…
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An unknown person or group may be collecting the IP addresses of Bitcoin (BTC) users and linking them to their BTC addresses, violating the privacy of these users, according to a blog post from pseudonymous Bitcoin app developer 0xB10C. The entity has been active since March 2018, and its IP addresses have shown up on…
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Beaxy suspended operations on March 28 “due to the uncertain regulatory environment surrounding our business,” according to the cryptocurrency exchange’s blog. The suspension came a day before the United States Securities and Exchange Commission (SEC) announced it was charging Beaxy and its executives with failing to register as a national securities exchange, broker and clearing…
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Bitcoin (BTC) may have erased its Binance “FUD” losses, but popular traders are anything but bullish. Despite gaining up to 7.5% versus its March 28 lows, BTC/USD is causing more suspicion than excitement with its return to local highs. $30,000 stays breaker for bullish sentiment flip In a move which echoes its reactions to previous…
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The cryptocurrency space has no shortage of skeptics. While many people criticize the environmental impact of proof-of-work blockchains or the proliferation of scams, one particular argument against crypto often stands out: Blockchain has no real use cases. Every two weeks, Cointelegraph’s The Agenda podcast breaks down this critique and explores the various ways blockchain and…
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The United States Securities and Exchange Commission (SEC) chief Gary Gensler is set to testify before the House Financial Services Committee for the first time. In an interview, Representative Patrick McHenry, chairman of the Financial Services Committee, confirmed that the SEC chief would have to face questions on April 18 over his approach toward the…
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Circle has been subject to discussion in the crypto industry since the depegging of its USD Coin (USDC) stablecoin amid the collapse of Silicon Valley Bank (SVB) on March 10. Now that the company has cleared its backlogs and USDC has regained its 1:1 peg with the United States dollar, it looks toward the future —…
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A new bill has been introduced to the Australian parliament proposing regulations for the provision of cryptocurrency services in the country. Senator Andrew Bragg submitted a private senators’ bill titled Digital Assets Bill 2023 to ‘protect consumers and promote investors’, which includes regulatory recommendations for stablecoins, licensing of exchanges and custody requirements. Proposed regulatory changes…
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