Action Financial News

As part of its monthly routine, cryptocurrency exchange Binance burned another round of Terra Classic [LUNC] tokens, Terra Finder disclosed. The 1 April action saw the exchange, which committed to the LUNC community proposal last year, burn over 1.6 billion LUNC.

The crypto market, led by the quarter-reviving Bitcoin [BTC], had a march full of ups and downs in between cynical and optimistic views. Nevertheless, the king coin could end the month with a 21.49% 30-day hike. However, there has been some development around the market propelled by macroeconomic factors and cycle reversal.

An economic slowdown, persistent inflation and weaker productivity growth will hurt Social Security’s finances, draining its reserves one year earlier than previously estimated, the government said Friday.

One of the biggest talking points in the crypto space over the last few weeks has been the meteoric rise of Ripple [XRP]. Ripple Labs, which has been locked in a controversial, two-year-long lawsuit, saw the price of its native token surge 15% over the last seven days and nearly 16% from what it was a month back, data from CoinMarketCap revealed.

Ecoterra is a cutting-edge recycle-to-earn (R2E) project that rewards individuals and businesses for their recycling efforts.

As Bitcoin and Ethereum continue dominating the cryptocurrency market, traders and investors are closely watching their price movements. Over the weekend, both Bitcoin and Ethereum have been trading within a narrow range, causing some concern among traders. 

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.

Friday March 31st 2023 – Blockchain technology is revolutionizing the recycling landscape, inspiring people and companies to actively participate, all thanks to ecoterra – an innovative, eco-friendly recycle-2-earn cryptocurrency project now available in presale.

Bittrex, an exchange that claims it offer the “widest selection of cryptocurrencies in the U.S.” and marked its ninth birthday last month, said it would end its U.S operations, saying it can't operate amid a rising tide of regulatory scrutiny.

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion

An economic slowdown, persistent inflation and weaker productivity growth will hurt Social Security’s finances, draining its reserves one year earlier than previously estimated, the government said Friday.

San Francisco Fed President Mary Daly, whose district saw the second-largest bank failure in U.S. history and who has become a target of criticism, would not have typically been a key player in Silicon Valley Bank's supervision, several former and current fed officials told CNBC.

The Bitcoin [BTC] price floated for most of the week but the trend was not without attempts to break the $30,000 barrier of yield to correction. On a few occasions, the king coin tapped a local top of $29,000. However, these periods were met with almost instant rejection.

Europe learned its lessons after the financial crisis and is now in a strong position to weather further stress in its banking system, several economists and policymakers say.

Tech entrepreneur Vinny Lingham appeared in an interview with Jason Calacanis on 30 March, where he spoke about the future of cryptocurrency and Bitcoin [BTC] in the U.S. amidst regulatory actions against Coinbase [BASE] and Binance [BNB].

In recent months, NatWest, HSBC, Nationwide Building Society and Santander have all placed restrictions on customers buying cryptocurrency, citing regulatory concerns and the risk of scams.In a letter to Economic Secretary to the Treasury Andrew Griffith, CryptoUK says that blanket bans and restrictions "will have the effect of fundamentally undermining the Government’s ambition to become a crypto asset hub and its mission to maximise the potential of Web3 to spur UK growth and innovation".The trade association says that government action is warranted because banks are putting in place these blanket restrictions instead of take a risk-based and case-by-case approach.The letter suggests government bringing bank and crypto CEOs together to find a "viable solution", with one option being the creation of a white list of platforms that "have engaged with the UK’s regulatory perimeter (either through AML registration or other EMI/MiFid licenses), to which transactions should be allowed to take place freely".In a separate letter to the FCA and Payment Systems Regulator, CryptoUK says that while it accepts that the regulators may not wish to intervene in the commercial decision of bank, "in this case we believe action is warranted because of the blanket approaches that have been taken".

The social stats for the crypto market are out and Aptos has earned its way into the list of the top most talked-about projects on the crypto streets.

The price of XRP has risen by 0.5% in the past 24 hours, reaching $0.535868 as the cryptocurrency market as a whole falls by 1.5%.

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion

BO'AO, China — China's small banks have problems — but they don't carry the same risks as those exposed by the collapse of Silicon Valley Bank, said Zhu Min, vice president of the China Center for International Economic Exchanges, a state-backed think tank.

On 30 March, Binance [BNB], the largest crypto exchange in the world, announced the listing of RDNT. The latter is the native token for an upcoming multi-chain DeFi platform Radiant Capital.