Laatste van Jennifer Sanasie
Bitcoin Hovers Around $22K as Fed's Powell Softens Tone; Coinbase Launches 'Wallet As a Service'
Bitcoin (BTC) is hovering around $22,000 as Federal Reserve chair Jerome Powell stressed that the central bank has yet to make a decision on the size of the rate hike when the Federal Open Market Committee (FOMC) meets later in March. Powell is testifying before the House Financial Services Committee for his semi-annual monetary policy report. Separately, Coinbase is launching a "wallet as a service" business that will enable companies to customize their blockchain wallets for their own customers. "The Hash" panel weighs in on today's top stories.
Bitcoin Briefly Dips Below $22K on Powell's Inflation Comments; Crypto Tax Reform Plans
"The Hash" team discusses the biggest headlines shaping the crypto markets today, including Federal Reserve Chairman Jerome Powell, in prepared remarks before the U.S. Senate Banking Committee, stating that inflationary pressures are running higher than expected. Separately, Punchbowl reports that U.S. lawmakers are planning on reintroducing a bill that will reform the way crypto is treated for tax purposes.
Voyager Denies SEC Claims VGX Token Is a Security; Sam Bankman-Fried May Soon Use a Flip Phone
Bankrupt crypto lender Voyager Digital has denied claims by the U.S. Securities and Exchange Commission that its VGX token is a security, as it seeks court approval for a $1.02 billion buyout offer from Binance.US. Separately, an attorney with the U.S. Department of Justice proposes Sam Bankman-Fried’s bail conditions should restrict his use of the internet, including the use of a noninternet-connected flip phone, in court filings late Friday.
Crypto Investor Jitters Linger Amid Silvergate Turmoil; ConsenSys to Roll Out zkEVM Public Testnet
"The Hash" team discusses the crypto market reaction to a growing group of crypto firms ending its relationship with Silvergate. Plus, ConsenSys, a top software firm working on the Ethereum blockchain, is rolling out a zero-knowledge Ethereum Virtual Machine (zkEVM) public testnet on March 28, intensifying the race among top crypto firms to be first to go fully live with the fast-emerging technology.
Senators Reportedly Claim Binance Is a 'Hotbed of Illegal Financial Activity'; Silvergate's Stock Plunges
Three U.S. senators have written to Binance, the world's largest crypto exchange, asking for details about its money-laundering controls and accusing Binance of being a "hotbed of illegal financial activity," according to a Wall Street Journal report. Plus, a closer look at why shares of crypto-friendly lender Silvergate Capital are plunging.
