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An indicator of European bank default risk soars and stocks tumble on March 24 amid renewed fears surrounding the financial system. from Cointelegraph.com News https://ift.tt/kcYgrfM via IFTTT

When bitcoin becomes the global reserve currency, central banks won’t go extinct, but they will have to evolve. bit.ly/3f7o14k http://dlvr.it/SlPCww

Since the collapse of three American banks friendly to cryptocurrency businesses and the U.S. government’s insistence that crypto assets are “risky investments,” many speculators believe bureaucrats are purposely closing access to cryptocurrencies. Some refer to the U.S. government’s recent enforcement as “Operation Chokepoint,” a mission aimed at eliminating access to the crypto ecosystem in the United States. Bank Shutdowns Raise Concerns About U.S. Government’s Stance on Crypto In recent weeks, crypto advocates have discussed U.S. government enforcement actions toward digital currency projects and businesses such as crypto exchanges. The collapse of Silvergate Bank , Silicon Valley Bank , and Signature Bank has led many to believe the U.S. government is closing access to crypto services. For example, with Signature Bank’s shutdown, spectators were confused about why it happened. Adding to the speculation, Signature board member and former politician Barney Frank said regulators...

Ethereum price is up today as an uptick in activity on the Ethereum network was followed by an ETH price rally to $1,850 from Cointelegraph.com News https://ift.tt/8E34GoY via IFTTT

2023 is shaping up to be a painful year for the U.S. Securities and Exchange Commission (SEC) as it finds itself entangled in battles with the ever-evolving and innovative cryptocurrency industry. From Ripple to Coinbase and Tron, the SEC faces fierce opposition with potentially huge consequences. The following opinion editorial was written by Joseph Collement, General Counsel at Bitcoin.com. Ripple Rumble: A Gamble that Could Ripple Through the SEC The SEC’s ongoing legal battle with Ripple Labs is a high-stakes gamble with serious consequences that may soon come to an end. The case is being heard in the Southern District of New York, and if the judge decides to rule in favor of Ripple – even partially – by determining that the company did not violate securities laws, the SEC will suffer a major setback. A ruling in Ripple’s favor would not only damage the SEC’s credibility but also set a precedent for future cryptocurrency cases. It could embolden other cryptocurrency companies...

ARB sold off upon being listed on exchanges, and some users reported a claim experience laden with tech issues, but the token could follow the trajectory of previous airdrops. from Cointelegraph.com News https://ift.tt/bSxFTGu via IFTTT

EUR/USD raced to a six-week high on Thursday, as markets continued to react to the U.S. Federal Reserve’s 25-basis-point rate hike. The greenback was lower across the board, falling versus several G7 currencies, including the British pound. EUR/USD On Thursday, the world’s most traded currency pair rose for a sixth straight session, as markets continued to digest yesterday’s rate hike. The Federal Reserve opted to increase rates by 0.25%, despite recent uncertainty in the banking sector. Following the announcement, Fed Chair Jerome Powell stated that “FOMC participants don’t see rate cuts this year, it is not our baseline expectations.” Overall, it appears that lowering inflation remains the priority for the Fed, with the U.S. Treasury exploring ways to guarantee client deposits should any further banks face liquidity issues. EUR/USD rose to an intraday high of $1.0929 in today’s session, which is its highest rate since February 3. Register your email here to get weekly price ...

The Swiss crypto bank, however, would stick to its policy of not onboarding U.S. clients as they focus on its core target market. from Cointelegraph.com News https://ift.tt/sVPqlYh via IFTTT

CFTC Commissioner Summer Mersigner discusses the inevitability of innovation and clears up the agency’s role in bitcoin regulation. bit.ly/3f7o14k http://dlvr.it/SlLCpk

Among the celebrities who settled with the SEC for their alleged role in promoting TRX and BTT were actress Lindsay Lohan, YouTuber Jake Paul, and singer Akon. from Cointelegraph.com News https://ift.tt/3CmYN6v via IFTTT