The appeal comes just one day after Judge Michael Wiles gave Voyager Digital the go-ahead to sell its assets to Binance.US.
Justin Sun Moving Stablecoins After Promising to Create Huobi Liquidity Fund
Sun’s USDT is moving after Huobi’s HT Token Dropped 93% and then rebounded.
First Mover Asia: Bitcoin Plunges to Mid-January Levels
ALSO: CoinDesk analyst Glenn Williams writes that despite the crypto market’s recent problems, bullish sentiment seems to be prevailing among holders of futures contracts.
Bitcoin Falls Below $20K as 2023 Rally Reverses
A hawkish Fed, the demise of crypto-friendly Silvergate Bank, and a possible government sale of Silk Road-related bitcoin have investors ample reason to sell.
Crypto Traders Suffer Over $300M of Losses in Liquidations Amid Market Crash
The largest long liquidation in at least a month suggests that Thursday’s crash in crypto prices caught traders off-guard. Bitcoin traders suffered the most losses, some $112 million in the past 24 hours, while ether liquidations surpassed $73 million, per data from Coinglass.
Huobi’s HT Token Suddenly Drops 93%, Then Rebounds Just as Quickly
Huobi’s HT token, the native token of the cryptocurrency exchange, momentarily dropped 93% on Thursday for reasons that are unclear.
U.S. Treasury Department Proposes 30% Excise Tax on Crypto Mining Firms
A provision in the department’s “Greenbook,” its list of tax proposals and explanations for U.S. President Joe Biden’s budget proposal, would create a phased-in excise tax based on the costs of the electricity used in crypto mining, imposed on the companies “using computing resources” to mine cryptocurrencies.
Hedera Turns off Services After ‘Network Irregularities’
The network’s native token, Hedera (HBAR), fell 7% to roughly $.055 on news of the irregularities.
Silvergate Bank ‘Had to Be Perfect’ but Now Pays a Heavy Price: Strategist
But because they weren’t, the industry now is likely to have a difficult time attracting traditional firms into the crypto banking industry, Jim Bianco, president of Bianco Research LLC, says.
Senior U.S. House Republican Says CBDCs Could Be ‘Weaponized’ as Political Tool
One of the top Republican lawmakers, Rep. Tom Emmer (R-Minn.), is campaigning to stop what he argues is the intent of President Joe Biden’s administration to set up a digital dollar that could be deployed to collect information about citizens’ financial lives.
Voyager Continues Liquidating Crypto Assets for Circle’s USDC Stablecoin
Amid its ongoing bankruptcy case, Voyager has liquidated more than $80 million since March 8, according to on-chain data sourced from Arkham Intelligence.
New York Attorney General Sues Crypto Exchange KuCoin, Alleges Ether Is a Security
The New York Attorney General’s office sued Kucoin on Thursday, alleging it offered unregistered securities and commodities.
Bitcoin Dips Below $21K to Reach Lowest Level In 7 Weeks as Silvergate Bank Shutdown Shakes Investors
Bitcoin, ether and other major cryptocurrencies turned red as the crypto-focused lender’s crisis continued to unfold.
Starbucks Odyssey Releases ‘The Siren Collection,’ Its First Limited-Edition NFT Drop
Members of Starbucks Odyssey, currently in beta, were able to purchase up to two “Stamps” from an edition of 2,000 featuring the brand’s iconic siren.
MakerDAO Founder Calls for Rebranding of DAI Stablecoin
Rune Christensen said DAI suffers from bad branding that could be slowing its growth on a call with community members.
NFT Company Palm Teams With Pussy Riot to Foster Activist Art
Tolokonnikova will teach an “Activist Master Class” on the Palm network’s educational platform and curate a feminist art contest through the Palm DAO during NFT.NYC.
Blockchain.com to Suspend Operations of Asset Management Arm: Bloomberg
Crypto financial services company Blockchain.com is suspending operations of its recently-launched asset management arm, citing the prolonged crypto winter as the reason for its decision, according to a Bloomberg report.
Republic Crypto Denies Buying 10M ASTRA Tokens, Says Astra Gave Tokens to It as Part of a ‘Free Trial’
CoinDesk based its original March 7 story on a statement from Astra that said Republic purchased the tokens and that included a quote from a Republic executive. The statement was wrong, Republic says.
Gaming Protocol Aavegotchi Members Are Voting to End Multiyear Token Sale, Which Could Limit GHST Supply
If passed, roughly $33 million DAI will be allocated to support the development of the Aavegotchi ecosystem.
Bitcoin Miner Hut 8 Talks Operational Issues and USBTC Merger in Earnings Call
The Canadian mining firm has pulled 7,000 machines from a site due to litigation and is troubled by “electrical issues” at another site.