Bitcoin Financial News

Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto’s own research on the subject.

Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto’s own research on the subject.

Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto’s own research on the subject.

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

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

Ordinals and other Layer 2 solutions have made the Bitcoin network no longer only used for BTC transactions. Even though Ordinals has been met with mixed reactions from the Bitcoin community, its growing popularity and potential effects on the Bitcoin network could be a game changer for BTC miners.

In the early trading hours of 10 March, Bitcoin [BTC] traded momentarily below the $20,000 price level for the first time in seven weeks, causing market-wide liquidations.

Silicon Valley Bank (SVB) collapse on March 10 has sparked fear, doubt, and uncertainty (FUD) across the crypto community, leading many to come back to crypto roots, reviving the Bitcoin white paper published just weeks after the Lehman Brothers meltdown in 2008. 

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

USDC stablecoin is depegging – and at an alarming rate – falling to as low as $0.89, way off its $1 peg.

Bitcoin (BTC) refused to let $20,000 support die for good on March 11 as the weekend opened to a battle for lost ground.

The United States Securities and Exchange Commission (U.S. SEC) yesterday rejected the investment manager VanEck’s application to create a spot Bitcoin exchange-traded product (ETP), reported Reuters.

Among the cryptocurrency community, Bitcoin Ordinals, which provide users with the option to permanently store data on the Bitcoin blockchain, have become a contentious issue of discussion. The architects of Bitcoin-focused firms and the CEOs of such companies see promise in the technology, despite the fact that some people are concerned about congestion on the blockchain and objectionable material.

MPC wallets are becoming more popular among financial institutions and developers of Web3 apps as a means of securing cryptocurrency assets. This trend may be attributed to the growing concern about the security of cryptocurrency holdings. These wallets are able to perform their intended functions as a result of the production of pieces of a private key that are owned by a number of different signers. In order for a transaction to take place, each fragment must have a certain amount of signatures in order for them to be considered genuine. In contrast to conventional multisig wallets, MPC wallets do not need the addition of any particular smart contracts to the blockchain in order to function properly. Moreover, MPC wallets are able to be blockchain-agnostic, which results in lower gas rates. This is a significant advantage.

In March 2023, over 50,000 Bitcoin (BTC) worth $1 billion were moved from multiple wallets connected to US law enforcement seizures. The transfers included three transactions, with the majority being internal transfers. However, about 9,861 BTC was sent to Coinbase, with the remaining BTC consolidated into two wallet addresses.

Decentralized finance (DeFi) saw a record inflow from centralized exchanges as crypto users flocked to self-custody solutions following the FTX collapse. Over 100,000 Bitcoin (BTC) left crypto exchanges so investors could avoid third-party custody. True to the “not your keys, not your coins” mantra of Bitcoin, DeFi solves a wide array of problems associated with centralized entities.

Litecoin (LTC) is celebrating another win despite the ongoing market turmoil. The network’s latest update confirms that it has maintained its transaction consistency on BitPay.

Bitcoin (BTC) and Ethereum (ETH) managed to halt their downward trend and experienced a rise in value above $20,000 and $1,400, respectively, on early Saturday morning. However, this surge can be attributed to the weaker US dollar, which turned negative after the February labor data showed slower wage growth, indicating a decrease in inflationary pressures.

The native token of the EOS Network [EOS] suffered a great loss in value following the crypto market tumble. Many altcoins experienced the same fate. However, for EOS, the case was not just related to an across-board Bitcoin [BTC] drawdown.

Bitcoin is having its worst week since November as an equity selloff, fear over higher interest rates and an escalating US regulatory crackdown on crypto combine to hurt investor sentiment. The largest token fell as much 2.1% on Friday, breaking below $20,000 for the first time since January, after falling more than 8% on Thursday. Ether added to losses and smaller coins like Solana and Cardano struggled for traction. A rout in US bank stocks on Thursday stoked concerns that rising borrowing costs are creating a treacherous economic and investing outlook. In New York, the state regulator sued KuCoin, a popular crypto exchange, and in the process claimed in court that second-largest token Ether is a security. The US Securities & Exchange Commission also contends that many cryptocoins are securities, a designation that would potentially make them harder to trade. “The selloff in cryptocurrencies appears to be largely equity-market led,” said John Toro, head of trading at digital-asset exchange Independent Reserve. He added that the wind-down of crypto-friendly bank Silvergate Capital Corp. and President Joe Biden’s proposal for a series of tax increases on investors and top-earning Americans contributed to the downdraft.

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