Bitcoin Financial News

The Bank for International Settlements (BIS) has completed a pilot study of the use of central bank digital currencies (CBDCs) for cross-border payments in collaboration with central banks in Norway, Sweden, and Israel.

Bitcoin (BTC) faced a 1-hour $1,420 pullback on March 3 following Silvergate Bank's 57.7% stock crash which was due to significant losses and "suboptimal capitalization." The U.S. fintech-friendly bank was a key financial infrastructure provider for exchanges, institutional investors and mining companies and some investors are worried that its potential demise could have wide-ranging negative impacts on the crypto sector.

Government regulators argued that bitcoin's unregulated nature leaves investors open to fraud Tuesday, as Grayscale Investments continues to fight to convert the largest Bitcoin investment fund into an exchange-traded fund (ETF).

This week on The Market Report, the resident experts at Cointelegraph discuss all the details regarding Silvergate and its impact on the crypto market so far.

Blockchain protocol VeChain, in collaboration with the global management firm Boston Consulting Group (BCG), has issued a whitepaper for VET 3.0.

In a new report , digital asset investment firm CoinShares found that ongoing apprehension among investors regarding the uncertain regulatory landscape of crypto-assets led to a fourth consecutive week of outflows for Bitcoin [BTC]. This, as investors rallied around short investment products instead. 

The volatility of the crypto market makes it a wise decision for many to adopt a hands-free approach in which a machine-learning-powered crypto trading platform does the trading for them. Secret Crisis Blueprint is one such platform that claims to offer a highly profitable trading experience thanks to its analytical tools that help investors make split-second decisions based on volatile market conditions. 

South Korean police have announced that they will launch a new crypto scam-busting cybercrime taskforce.

On its live summit, “The Crypto Winter Recovery Plan,” Cointelegraph Markets Pro revealed how traders could have mostly avoided a gut-wrenching 75% pullback in the crypto market while securing mind-boggling gains. 

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TBD, a subsidiary of Block, has announced the launch of c=, a new initiative that aims to improve the Bitcoin Lightning Network. c= is a new endeavor that aims to improve the Bitcoin Lightning Network. The Lightning Network is a layer 2 payment network that aims to make Bitcoin transactions quicker, cheaper, and more reliable. Its primary function is to reduce the fees associated with Bitcoin transactions. From its inception, the network has been subject to unplanned expansion, with the acceptance of its services in the real world being the primary driver of its liquidity and capacity.

 Galaxy Digital's research unit has predicted that the Bitcoin nonfungible token (NFT) market could reach a $4.5 billion market cap by March 2025 based on the current growth rate and infrastructure of Ethereum's NFT market. This is due to the emergence of a native on-chain ecosystem for NFTs on Bitcoin, which was not possible before the launch of the Ordinals protocol in late January.

Some countries worldwide suffered bigger financial losses to cryptocurrency scams despite a massive bear market in 2022.

In a last ditch move to 'maximise recoveries' Alameda Research has filed a lawsuit against Grayscale Investments.

Financial literacy is a critical life skill that can have a significant impact on an individual’s financial well-being and overall quality of life. It is important for individuals to continuously educate themselves on financial terms and concepts to make informed decisions and achieve their financial goals.

Bitcoin (BTC) would need to return below $20,000 to reset a key metric which covers speculative profit-taking, data shows.

Publicly-listed Bitcoin (BTC) mining firm Argo Blockchain has increased its daily BTC production despite a significant spike in network difficulty.

Bitcoin (BTC) and Ethereum (ETH), two of the most popular cryptocurrencies in the world, have been unable to halt their losses and are still trading in the red below the $23,000 and $1,600 marks, respectively. 

Bitcoin dropped to the lowest level in about two weeks, part of a wider retreat in crypto markets as investors digested the unravelling of a key industry payments network. The largest token sank as much as 6% before paring some of the slide to trade 4.4% lower at $22,380 as of 8:30 a.m. Friday in London. Smaller coins such as Ether, Avalanche and the meme token Dogecoin also suffered declines. The digital-asset industry is absorbing the fallout of the troubles at crypto-friendly US bank Silvergate Capital Corp., which has said that it's reviewing whether it can remain viable. The bank offers a widely used payments network that facilitates the real-time transfer of funds between crypto firms. But many digital-asset exchanges, stablecoin issuers and trading desks are no longer accepting or initiating payments through Silvergate. «Silvergate is one of the main US dollar banking providers for the crypto industry,» said John Toro, head of trading at digital-asset exchange Independent Reserve. «Any liquidity concerns will have a direct impact on market conditions and may affect the access and availability of some client funds.»

Litecoin fell beneath a range it traded within since early February. In doing so it shifted the bias strongly in favor of the bears. The strong drop highlighted immense selling pressure a few days ago, and the volume was also enormous.

Bitcoin [BTC] has been disappointing investors for quite a few days with its sideways price action. CoinMarketCap’s data revealed that BTC failed to register gains last week as its price dropped by 4%. At the time of writing, BTC was trading at $22,405.25 with a market capitalization of more than $432 billion.