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Bitcoin Slips Below $28K After Fed’s Quarter-Point Rate Hike
Bitcoin traded at $27,600, slipping below the $28,000 level as investors reacted to the Federal Reserve's interest rate hike of 0.25%. Sheraz Ahmed, Managing Partner at STORM Partners, shares his thought on BTC's recent price action and Fed Chair Powell's comments on the U.S. banking system being "sound and resilient."
SEC Warns Coinbase It’s Pursuing Enforcement Action Over Securities Violations
Crypto exchange Coinbase (COIN) may soon face an enforcement action from the U.S. Securities and Exchange Commission (SEC) tied to its listing of potential unregistered securities. Meanwhile, the SEC is suing Tron founder Justin Sun on allegations that the TRX and BTT tokens are unregistered securities. CoinDesk Global Policy and Regulation Managing Editor Nikhilesh De discusses the details.
Bitcoin Outlook as Fed Chair Powell Addresses Banking Sector Concerns
Bitcoin is slipping below $28,000 as crypto traders react to the Federal Reserve enacting a quarter-point interest rate hike. Trade The Chain director of research Nick Mancini joins R3 chief economist Alisa DiCaprio on "All About Bitcoin" to discuss their reactions to the latest press conference Fed Chair Jerome Powell held amid lingering banking and inflation concerns.
What Global Money Supply Means for Crypto Prices
A chart from Refinitiv Datastream on M2 and total crypto market cap shows how liquidity could affect the net demand for digital assets. If the current rally since March 11 can be trusted, crypto is predicting that central banks may have to keep printing more cash to avoid another financial crisis following recent bank failures. "All About Bitcoin" host Christine Lee breaks down "The Chart of The Day."
Bitcoin Teeters Around $28K as Fed Raises Rates by 0.25%; Sen. Ted Cruz Proposes Ban on a CBDC
Bitcoin (BTC) is teetering around $28,000, following the Federal Reserve raising rates by a quarter percentage point. Separately, Sen. Ted Cruz (R-Texas) introduced a bill aimed at blocking the Federal Reserve from creating a consumer-based central bank digital currency, or CBDC.
Fed Chair Powell: U.S. Banking System Is 'Sound and Resilient'
Federal Reserve Chairman Jerome Powell addresses the recent jitters surrounding the banking sector and the actions taken by the central bank with the aim to protect U.S. investors. This comes as the Fed raised its benchmark fed funds rate by a quarter percentage point.
Nigeria's eNaira Wallet Use Jumps Amid Cash Shortages: Bloomberg
Nigerians have been turning to the country's central bank digital currency (CBDC) eNaira, amid cash shortages, according to Bloomberg. The number of eNaira wallets has jumped more than 12-fold to 13 million since October, and the value of transactions has climbed 63% this year. The CBDC was introduced in October 2021. "The Hash" panel discusses the eNaira experiment and crypto's use case as an alternative to economic uncertainty.
Sushi Token Falls as Sushi DAO, Key Contributor Served With SEC Subpoena
Sushi DAO and Head Chef Jared Grey were served with a subpoena by the U.S. Securities and Exchange Commission, the decentralized autonomous organization revealed Tuesday. The native sushi token dropped on the news. "The Hash" panel discusses what this means for the future of DAOs and governance.
Crypto Custody Provider Copper to Lay Off Up to 15% of Staff
Cryptocurrency custody provider Copper said up to 15% of its staff face layoffs as the firm streamlines its business amid tough market conditions affecting the crypto industry. "The Hash" panel discusses the latest fallout from crypto winter despite bitcoin's (BTC) recent rally.
New White House Report Lays Out Issues Seen in Crypto Sector
A new report from the Biden administration looks at a number of claims and stated goals from the crypto industry, ranging from cryptocurrencies' role as investment vehicles and payment tools to its potential use in payment infrastructure. The report said that "many [cryptocurrencies] do not have a fundamental value" and noted other issues with the sector. "The Hash" panel discusses the details of the report and the outlook for crypto regulation in the country.