Zambia Is Working On Crypto Regulation Technology
The technology for regulating crypto is currently being actively tested by the Security Exchange Commission and Bank of Zambia.
US Lagging on CBDCs Could Spell ‘Trouble’ — Crypto Council Policy Head
A cryptocurrency researcher and former CIA analyst believes the United States government’s relatively slow start on Central Bank Digital Currency (CBDC) development may result in it losing grip on controlling the global financial system.
Bitcoin, Ether Fall; Polkadot Leads Losers Among Top Ten Tokens
Bitcoin fell in Wednesday morning trading in Asia, although it held above the US$23,000 lower resistance line. Most other top 10 non-stablecoin cryptocurrencies declined, with Cardano, Polkadot, and Shiba Inu posting the biggest losses. U.S. equities retreated on Tuesday to close out February in the negative after inflation concerns resurfaced on a series of stronger economic data readings, suggesting the Federal Reserve will be taking a tougher line on interest rate hikes. The total crypto market capitalization moved 1.38% lower in the past 24 hours to US$1.05 trillion. And the total trading volume over the last 24 hours dropped 9.82% to US$41.69 billion. (forkast)
Indian Crypto Trading Platform Bitbns Reportedly Hide a $7.5M Hack From Its Users in 2022
Bitbns hid a $7.5 million hack from its users on February 1, 2022, and informed users that it was "system maintenance."
Crypto Giant DCG Revealed a Loss of Over $1 Billion in 2022
The venture capital firm focused on cryptocurrencies – Digital Currency Group (DCG) – reportedly marked a loss of $1.1 billion last year.
Tel Aviv Stock Exchange Takes Steps to Allow Crypto Trading
The Tel Aviv Stock Exchange (TASE) has published a draft proposing to allow clients of non-banking institutions (NBMs) among its members to buy and sell cryptocurrencies. It intends to expand the list of authorized activities for such entities in order to add crypto trading.
Crypto Funds Hit by Third Week of Outflows As Macro Backdrop Worries Investors
Crypto-backed investment funds saw capital outflows last week, while bearish sentiment also drove speculators into short bitcoin (BTC) funds as worries spread about potentially higher interest rates in the US.
Gary Gensler Likely to Be Questioned in Congress Hearing Over Crypto Crackdown
In the wake of heavy criticism against the U.S. Securities and Exchange Commission (SEC) crackdown on crypto companies, a body of lawmakers are reportedly challenging people like Gary Gensler. The crypto community opposed the recent enforcement actions by the SEC as well as the New York State Department of Financial Services (NYFDS). The enforcement actions included restrictions on Kraken’s crypto staking program and Paxos’ issuance of Binance USD (BUSD) stablecoin.
Certain Banks' Crypto Exposure Dropped by 44% Globally in 2022 From Previous Year: BIS
Banks across the globe lowered their exposure to certain crypto by 43.6% over the past year, the Bank for International Settlements (BIS) said Tuesday.
Arthur Hayes Gives His Timeline for the Next Crypto ‘Mega Upcycle’
Former BitMEX CEO Arthur Hayes expects a risk-on, crypto bull market between now and 2026.
