Grayscale is set to present oral arguments in its case against the U.S. Securities and Exchange Commission on Tuesday.
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Bitcoin mining stocks were mostly lower on Monday.
Silvergate didn’t begin in the crypto space. In real estate, it all began. Nonetheless, the bank entered the Bitcoin market in January 2014. It was a turbulent year; Bitcoin started the year around $770 and ended the year above $300. Alan Lane, CEO of Silvergate, noted on a June 2022 episode of the Odd Lots podcast that:
52 crypto kiosks were seized in the investigation led by the U.S. Secret Service's Cyber Fraud and Money Laundering Task Force.
Despite a 9.95% increase last week and the all-time high difficulty, bitcoin’s hashrate has averaged around 305 exahash per second (EH/s) over the past 30 days. According to current data, the hashrate has been around 308 EH/s over the past 2,016 blocks. The next difficulty change, set to occur on March 10, is estimated to increase again, as block times have been faster than the 10-minute average, coming in at 8 minutes and 30 seconds to 9 minutes and 41 seconds per block.
Binance USD (BUSD) market cap has fallen below $10 billion for the first time in almost two years amid a United States regulatory crackdown on its token issuer and a planned delisting from a major crypto exchange.
Marathon Digital (MARA), one of the largest publicly traded bitcoin miners, sold 650 bitcoins out of 683 bitcoins it mined in February.
LTC, the ticker for Litecoin, the cryptocurrency that powers the crypto-payments-focused Litecoin blockchain, was last trading around 3.5% lower on Thursday in the $94 area, having pulled back to the south of its 21-Day Moving Average at $95.50 and from earlier weekly highs in the $98.50 area. The cryptocurrency’s latest pullback comes in tandem with a broader easing of crypto prices after fresh US data (weekly jobless claims) pointed at a still-hot labor market and economy, pressuring risk assets and supporting Fed tightening bets.
Crypto-friendly bank Silvergate has delayed filing its 10-K, an annual report on the financial health of the company. The news has sent its stock price down 31%.
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