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Rep. Patrick McHenry Indicates Progress on Stablecoin Legislation Before Election

The U.S. House Financial Services Committee Chair Rep. Patrick McHenry (R-NC) has suggested upcoming advancements in stablecoin legislation before the election. Speaking at a Coinbase event in Washington on March 20, McHenry noted that despite recent Congressional disruptions, a stablecoin bill...

, by Hongji Feng

Crypto Lender Celsius Pursues $2B Pre-Bankruptcy Exodus

Bankrupt crypto lender Celsius has begun demanding customers who made major withdrawals in the three months preceding its bankruptcy to return their funds or face legal action. A committee-supervised administrator has sent letters to customers who withdrew more than $100,000 each between April...

, by Shalini Nagarajan

Crypto Bank Meld to Launch Tokenized RWAs to Retail Investors

Crypto online banking company Meld, which received a VASP license in Lithuania, is set to launch tokenized real-world assets (RWA) for retail investors. The bank will launch borrowing and lending services against tokenized RWA in partnership with German-licensed DeFi platform Swarm...

, by Sujha Sundararajan

Local Coffee Chain in DC Teams Up with Coinbase to Accept Crypto Payments

A local coffee chain in Washington, D.C. has partnered with Coinbase to introduce crypto payments to its customers. Compass Coffee, a veteran-owned brand with sixteen stores in the D.C. area, will now offer patrons the option to pay for their morning brew using USDC, a...

, by Ruholamin Haqshanas

Bitcoin Spot ETFs See Net Outflow on Third Consecutive Day

Bitcoin spot exchange-traded funds (ETFs) in the United States have witnessed a three-day streak of net outflows, with a total of $261.5 million leaving the ten approved funds on March 20. This brings the cumulative net outflows over the three days to $742 million, as data from Farside...

, by Ruholamin Haqshanas

UK Woman Found Guilty of Laundering $2.5B in Bitcoin

A British woman has been found guilty and convicted on Wednesday for laundering over $2.5 billion (£2 billion) worth of bitcoin for a Chinese fugitive. Jian Wen, a 42 year old British citizen has been found guilty for money laundering on behalf of a Chinese woman called Yadi...

, by Tanzeel Akhtar

Kraken Unveils Crypto Custody Service for US Institutional Clients

Crypto exchange Kraken launched a crypto custody service in the US targeted at institutional clients on Wednesday.Kraken Financial, a state-chartered bank based in Wyoming, will provide the service. The service includes digital asset custody and institutional deposit accounts.The announcement comes...

, by Shalini Nagarajan

Sweden’s Riksbank Releases Final Report on CBDC Project

Sweden’s Riksbank has released its final report on its central bank digital currency (CBDC), the e-Krona, which focused on offline payments. In the fourth phase, Sweden’s Riksbank, said the focus has been on testing and evaluating whether it is possible to design a secure,...

, by Tanzeel Akhtar

Uzbekistan Increases Monthly Fees for Crypto Market Participants

Uzbekistan's National Agency for Prospective Projects (NAPP) has announced a new directive to raise the monthly fees for those involved in the crypto market within the country.This directive was issued on Tuesday, March 19, 2024, in anticipation that the sector's revenue will double once the new...

, by Hassan Shittu

Hong Kong Central Bank Raises Red Flag on Deceptive Digital Currency Trial Entities

Hong Kong's central bank cautioned the public Wednesday about schemes falsely claiming association with its e-HKD pilot projects. The warning comes as Hong Kong explores the potential of a central bank digital currency through various trial projects. The public appears to have been exposed to...

, by Shalini Nagarajan

Morph EVM Raises $20M Funding Led by DragonFly Capital

Ethereum Virtual Machine (EVM) Layer 2 firm Morph, announced it has raised $19 million in a seed funding led by investment firm DragonFly Capital. Other participants in the $19 million funding round included Pantera Capital, Foresight Ventures, Spartan Group, MEXC Ventures, Symbolic Capital,...

, by Tanzeel Akhtar

Top Crypto Gainers Today on DEXScreener – PIPI, PNUT, FAP

As crypto markets pump in wake of a more dovish than expected Fed policy announcement, with Bitcoin (ETH) and Ether (ETH) bouncing 11% and 14% from intra-day lows to near $68,000 and $3,500, trader hunting for the top crypto gainers today are flocking to the on-chain markets. On-chain...

, by Michael Davis

FOMC Interest Rate Decision Signals All Clear For Bitcoin Bull Run

The Bitcoin (BTC) bull run has clear skies above following the Federal Open Markets Committee (FOMC) interest rate decision on Wednesday. The Federal Reserve opted to keep its target interest rate flat in the range of 5.25% to 5.50%, despite February’s inflation figures clocking in...

, by Andrew Throuvalas

SEC Probing Crypto Firms to Classify Ethereum as a Security: Fortune Reports

The United States Securities and Exchange Commission (SEC) is reportedly serving subpoenas to several U.S. businesses as part of a “legal campaign” to formally classify Ethereum as a security, a Tuesday article from Fortune revealed.Crypto Firms Subpoenaed By SEC in Connection With...

, by Julia Smith

Bitcoin Price Pumps Back Above $67,000, Up 10% from Intra-day Lows Following Dovish Fed

The Bitcoin (BTC) price is pumping in the wake of the latest Fed policy announcement, which saw the bank leave interest rates unchanged at 5.25-5.5% for a fifth successive meeting and continue to forecast three rate cuts in 2024. Bitcoin was last trading in the mid-$67,000s, up around 9% daily....

, by Michael Davis

Ripple And SEC File Sealing Proposal In Forthcoming Remedies Brief

Ripple Labs and the U.S. Securities and Exchange Commission (SEC) agreed on March 19 to seal a proposal to address concerns about an upcoming remedies-related brief in their ongoing legal dispute. The proposal was submitted to the U.S. District Court for the Southern District of New York, to...

, by Jimmy Aki

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