Author: Crypto Breaking News

Joselit Ramirez, the top authority on cryptocurrency policies in Venezuela, has been removed from his position by none other than the President of the Republic, Nicolas Maduro.According to an Official Gazette published by the Venezuelan government on March 17, the action affects not only Ramirez but also a significant portion of the institution’s management staff, as it calls for a comprehensive restructuring of the National Superintendency of Crypto Assets and Related Activities (SUNACRIP). A continuación publicamos la Gaceta Oficial Extraordinaria donde se crea la Junta Reestructuradora de la Sunacrip. https://t.co/au7uiaU7LB — Asonacrip (Asociación Nacional de Criptomonedas) (@AsonacripVe) March 18, 2023Although…

A dispute has taken place within the decentralized finance (DeFi) analytics dashboard DefiLlama, leading the platform to be forked by one of its employees over the weekend. The dispute centers on the company’s plans to launch a token. On March 19, pseudonymous developer at DefiLlama 0xngmi announced the firm’s team was forking the platform, which was “undergoing a hostile takeover”, accusing DefiLlama’s founders of launching a token without its employees’ support. The DefiLlama team is forking Defillama@Defillama is undergoing a hostile takeoverThere is an ongoing attempt to launch a token that does not represent us. We don’t want to be associated…

Illustration by Mitchell Preffer for DecryptCrypto prices rebounded hard this week on news that the U.S. government will intervene to ensure that depositors of the failed industry-servicing institutions Silicon Valley Bank (SVB) and Signature would be made whole. As could be expected, Crypto Twitter was all over the topic, as it was last week; but Monday’s news brought much needed closure to the industry. Prices had suffered as far back as the beginning of the month, when another bank called Silvergate—which actually transacted in crypto— delayed filing its annual 10-K report with the U.S. Securities and Exchange Commission (SEC), prompting speculation as…

Interest in the U.S. banking crisis has risen greatly over the past two weeks, as shown by Google Trends data. There has been a sharp increase in queries related to search terms such as “banking crisis,” “bank collapse,” and “bank failure.” On March 13, 2023, the search term “banking crisis” reached the top Google Trends score of 100. The related topics pertain to the financial troubles of Silicon Valley Bank, Signature Bank, and First Republic Bank. Google Trends Shows Global Interest in U.S. Banking Crisis Spiked Last Week Google Trends data reveals a significant increase in public interest in the…

Supernets have an advanced technical architecture powered by Polygon Edge, trustless operation via Merkle trees, Ethereum Virtual Machine (EVM) compatibility and custom token support. Supernet architecture is closely tied to that of Polygon Edge. The six modules in Polygon Edge’s architecture that are relevant to supernets include the following: TX Pool: Acting as a repository for pending transactions, this module is the key to Polygon Edge’s event-driven architecture. Transactions can be added easily from multiple sources, and it seamlessly links up with other modules of the platform. Blockchain: This refers to the state database, and it holds information on accounts,…

Bitcoin (BTC) is on track to close the week with gains of more than 23%. The banking crisis in the United States and Europe seems to have boosted buying in Bitcoin, indicating that the leading cryptocurrency is behaving as a safe haven asset in the near term.All eyes are on the Federal Reserve’s meeting on March 21 and 22. The failure of the banks in the U.S. has increased hopes that the Fed will not hike rates in the meeting. The CME FedWatch Tool shows a 38% probability of a pause and a 62% probability of a 25 basis points…

A rescue plan for Swiss banking giant Credit Suisse may impose losses on its bondholders and even result in a full or partial nationalization of Credit Suisse Group AG, multiple reports revealed on March 19. Swiss authorities are considering applying losses to Credit Suisse bondholders as part of the bank’s ongoing recovery efforts, Reuters learned from two sources. European regulators are concerned that the move might undermine investor confidence in Europe’s financial sector.Another report from Bloomberg claims that the Swiss government is analyzing a full or partial nationalization of the bank, the only available alternative if the UBS takeover is not…

According to statistics, there are now more than 500,000 Ordinal inscriptions on the Bitcoin blockchain as the trend continues to gain significant traction. Onchain data also shows that since inscriptions started gaining popularity last month, Bitcoin miners have obtained 98 bitcoins worth $2.66 million in added fees. The Rise of Ordinal Inscriptions on Bitcoin Blockchain Ordinal inscriptions have surpassed the 500,000 mark, and at the time of writing, there are approximately 522,243 inscriptions on the Bitcoin blockchain. Essentially, the technology behind Ordinal inscriptions allows people to embed all types of arbitrary data into the blockchain. Inscriptions include data such as…

Due to the popularity of cryptocurrency, numerous individuals are searching for means to acquire free crypto. Here are seven methods one can use to earn cryptocurrency without having to invest your own money, including crypto faucets, airdrops, staking, bug bounties and more. There are several common risks to be aware of when earning free crypto, including security risks, scams and fraud, limited earning potential, time-consuming activities, and potential legal or tax implications. It’s important to do your research and approach these methods with caution.FaucetsCrypto faucets are websites or applications that provide users with small sums of cryptocurrency in exchange for doing…

Bitcoin market dominance has hit a 9-month high as the leading coin continues to make positive gains in the financial markets. According to data from CoinMarketCap, Bitcoin currently holds 45% of the total trading volumes in the crypto market. Factors Affecting Bitcoin Market Dominance Bitcoin market dominance’s rise is largely attributed to the recent market recovery. At the start of the year, BTC held 41% of the total market cap, which has steadily increased in the first three months. Bitcoin Market Dominance Chart: source @Tradingview Looking at the chart above, BTC dominance rose to 44% on January 28th before dipping…