The crypto exchange's shares saw a five-day gain of 22.09%
Growth investor Cathie Wood's ARK Invest sold 160,887 shares of crypto exchange Coinbase (COIN), worth $13.5 million, on Tuesday U.S. time.
Following the last two difficulty increases on the Bitcoin network, another rise in difficulty is expected to take place on March 24, 2023. Statistics show that Bitcoin’s hashrate has remained high despite the last two adjustments, and block times have been faster than the ten-minute average.
Another FOMC meeting is around the corner and people have already started putting forth their expectations on the table. The situation this time is quite different, for the U.S. economy is in the midst of a banking crisis. Fear is instilled in the minds of depositors and investors, with regulators reportedly exploring options if things go further down south.
Ethereum price is moving higher above the $1,700 resistance against the US Dollar.
ETH price is now trading above $1,700 and the 55 simple moving average (4-hours).
There is a key bullish trend line forming with support near $1,730 on the 4-hours chart (data feed from Coinbase).
The pair could climb further if it stays above the $1,660 support zone.
The judge in Core Scientific's (CORZ) bankruptcy approved a settlement with the bitcoin miner's exclusive energy contract negotiator under which Core Scientific will transfer more than $20 million worth of electrical equipment to the supplier.
Authorities and power utilities in various Russian regions have shut down illegal crypto mining farms, seizing hardware and taking operators to court. The action against the coin minting facilities comes amid discussions on a proposal to introduce criminal liability for miners breaking the upcoming legislation for the industry.
The market capitalization of XRP, the controversial cryptocurrency with ties to San Francisco-based distributed ledger company Ripple, has topped $20 billion. The token gained nearly 5% over the past 24 hours alone.
The successive collapse of well-established financial institutions in the U.S. managed to instill fear among depositors and investors. At the moment, companies with their toes immersed in the banking space continue to experience funding strains. As a result, they’ve started leaning on the Federal Reserve for support. According to data published by the Fed, U.S. banks have borrowed a total sum of $164.8 billion from two Federal Reserve backstop facilities over the past week.
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