cryptocurrencies

On March 27th, Cathie Wood, CEO of Ark Invest, said in a recent interview that people\’s concerns about bank balance sheets illustrate the risks of the central banking system. On th

According to reports, the White House Council of Economic Advisers released its annual report this week, stating that the encryption industry is seeking to survive outside the gove

According to reports, Brian Armstrong, CEO of Coinbase, said that the exchange intends to start donating to candidates who support cryptocurrencies in the US election. The statemen

According to reports, according to a modification proposal proposed by the Financial Accounting Standards Board (FASB) this week, US accounting standards may be comprehensively revised to specifically consider the accounting issues of cryptocurrencies, establish a fair value method, and require certain digital assets to be measured based on their market prices. This is different from the current situation, which only marks unrealized losses and is considered by the industry as an obstacle to adopting cryptocurrencies. Interpretation of this information: The Financial Accounting Standards Board (FASB) has proposed a modification proposal…

According to reports, according to CoinGecko data, the current total market value of cryptocurrencies is $1.19 trillion, with a 24 hour increase of -0.08%. The 24 hour trading volu

According to information, according to CertiK monitoring, the EOA account address 0x64bEf638B75bC24dFb8643bDDD5db2F9a03Ba4FF associated with the NFT phishing address 0x18D023 has t

According to reports, Mati Greenspan, founder of Quantum Economics, believes that US regulators have been unfriendly to cryptocurrencies “from the beginning.”. Recently, the collapse of cryptocurrency and startup friendly banks, including Silvergate Bank, Silicon Valley Bank, and Signature Bank, was seen by some as part of a regulatory plan known as “Operation Choke Point 2.0.”. Interpretation of this information: The message informs us that Mati Greenspan, the founder of Quantum Economics, has expressed his opinion that US regulators have not been friendly to cryptocurrencies since their inception. Furthermore, he has…

According to reports, American actress Lindsay Lohan, rapper Akon, and several other celebrities have agreed to pay a total of more than $400000 in liquidated damages, interest, and penalties, and have reached a settlement with the Securities and Exchange Commission (SEC) to promote TRX and BitTorrent to social media fans. Interpretation of this information: The news making the rounds currently is that Lindsay Lohan, Akon, and a few other celebrities have agreed to pay liquidated damages, penalties, and interest amounting to over $400,000. The reason for this settlement with the…

According to reports, Representative French Hill, chairman of the newly established House Financial Services Subcommittee, which focuses on digital assets, said that Congress needs to “work together” to regulate cryptocurrencies. Interpretation of this information: The call for regulation of cryptocurrencies was echoed by Representative French Hill, chairman of the newly established House Financial Services Subcommittee. The subcommittee which focuses on digital assets recognizes the proliferation of cryptocurrencies and the lack of regulation that surrounds it. Hill emphasizes that to properly regulate cryptocurrencies, Congress needs to work together to tackle the…

According to reports, in 2023, the US President’s Economic Report was released, with a total of 9 chapters. Chapter 8, “Digital Assets: Learning Economic Principles Again,” first introduces the potential advantages of cryptocurrencies, including improving payment systems, enhancing financial inclusiveness, and creating a mechanism for allocating intellectual property and financial value; Subsequently, it was pointed out that crypto assets did not bring any relevant benefits, pointing out that crypto assets are mainly speculative investment tools, cryptocurrencies generally cannot effectively play all the functions of currencies like sovereign currencies (such as…

According to reports, Colorado Governor Polis said he would accept taxes on Bitcoin and cryptocurrency by the end of the summer. （Watcher.Guru） Interpretation of this information: The announcement that Colorado Governor Polis is open to accepting taxes on Bitcoin and other cryptocurrencies is a significant development in the world of digital currencies. The move could signal a shift in the way governments view and regulate cryptocurrencies, which have thus far been largely unregulated and untaxed. One reason for this shift may be the growing popularity of cryptocurrencies, which have become…

According to reports, Shaktikanta Das, governor of the Reserve Bank of India, has warned about the risks cryptocurrencies pose to the financial system. The ongoing US banking crisis has made people aware of the importance of strong regulators and sustainable growth, and has clearly demonstrated the risks of private cryptocurrencies to the financial system. The US banking crisis indicates the “need for prudent asset liability management”. （NewsBitcoin） Interpretation of this information: The governor of the Reserve Bank of India, Shaktikanta Das, has recently issued a warning about the potential risks…

According to reports, software engineer Albacore disclosed on social media that Microsoft is testing a built-in encrypted wallet for its Edge browser. Currently, Microsoft has not officially announced the wallet project, and the introduction page of the wallet does not specify which cryptocurrencies it supports. However, the project mentions involvement in cryptocurrencies and NFT, and the leaked screenshots indicate support for at least Ethereum, DAI, USDC, and USDT. Some of these tokens appear to have been added by users through custom token options. Other screenshots indicate that the wallet may…

According to a report from Bloomberg, multiple investors plan to raise $100 million to launch the Bitcoin Opportunity Fund, aimed at catering to high net worth investors who want to invest in the world’s largest cryptocurrency. Interpretation of this information: The investment landscape for cryptocurrencies is rapidly evolving, as evidenced by the recent announcement by a group of investors to launch the Bitcoin Opportunity Fund. The aim of this fund is to provide a platform for high net worth investors who are keen on investing in Bitcoin, the world’s largest…

Johan Van Overtveldt, a member of the European Parliament and former Belgian finance minister, reportedly called for a ban on cryptocurrencies in the wake of banking turmoil in a tweet on Friday. Overveldt says there is another lesson to be learned from the current banking turmoil. A strict ban on cryptocurrencies is imposed, and these assets are merely speculative and have no economic or social value. If the government bans drugs, it should also ban cryptocurrencies, as the impact of the failure of the cryptocurrency friendly Silvergate and Silicon Valley…

It is reported that some encryption companies in the United States are trying to open accounts in Swiss banks. Previously, two American banks focusing on cryptocurrencies failed, making it more difficult for them to use American loan institutions. But bankers said that Swiss companies might not accept these accounts. Interpretation of this information: The news report reveals that encryption companies in the United States are attempting to create accounts in Swiss banks. The reason for this is due to the previous failure of two American cryptocurrency-focused banks. This has made…

According to reports, Ryan Selkis, founder of Messari, tweeted that in less than a week, the Crypto banking business had actually been closed. The message from Washington is clear that cryptocurrencies are not welcome in banking. From now on, the encryption industry should fully protect and promote USDC. Interpretation of this information: The message conveyed by Ryan Selkis, the founder of Messari, through his recent tweet is a signal that the regulatory environment for cryptocurrency businesses, especially those involved in banking, is becoming increasingly restrictive in the United States. According…

On March 12, CZ, the founder of Binance, said on the social platform that the bank is a risk for the stable currency supported by the legal currency. In response to netizens’ comments that we need crypto support, we replied that Do Kwon was actually right, but failed miserably in implementation. Interpretation of this information: The founder of Binance, CZ, recently shared his thoughts on the stability of cryptocurrencies in relation to the banks. He expressed his opinion that the banks pose a risk to the stable currency that is…

It is reported that according to the tweet of David Bailey, CEO of Bitcoin Magazine, forwarded by Andrew, the founder of X3, who is marked by Crypto KOL and Twitter, the Federal Deposit Insurance Corporation (FDIC) of the United States may take over First Republic Bank on March 13 (next Monday). If it is true, it will be the third cryptofriendly bank facing difficulties in the near future. Interpretation of this information: The message reports that the Federal Deposit Insurance Corporation (FDIC) of the United States may take over First…

According to reports, Whale Alert data showed that 26636 ETHs (valued at $39143078) were transferred from unknown wallets to Coinbase. Interpretation of this information: The cryptocurrency market has seen a sudden spike in the transfer of Ethereum, one of the most popular cryptocurrencies. The transfer of 26636 ETHs worth $39143078 from unknown wallets to Coinbase has been revealed by Whale Alert data. This implies that there has been a significant increase in the investment being made in Ethereum, which is fast becoming one of the most sought-after cryptocurrencies in the…