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Crypto acted as safe haven amid SVB and Signature bank run: Cathie Wood

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Cathie Wood said the ongoing baking crisis is a total Fed policy failure and could have been averted with crypto’s decentralized solutions. Amid all the chaos around multiple bank runs in the United States, Cathie Wood, CEO of asset management firm Ark Invest, said cryptocurrencies acted as safe haven amid the ongoing banking crisis in the US. She blamed the recent downfall of the likes of Silicon Valley Bank (SVB), Signature and others on the Fed’s policy failure.  Cryptocurrency prices shot up in double digits, with Bitcoin ( BTC ) and Ether ( ETH )  touching new multi-month highs amid the US banking crisis. In a Tweet thread on March 16, Wood criticized the Federal Reserve’s inability to avert bank runs despite all the signs being there. She said she was “baffled that banks and regulators could not convince the Fed that disaster loomed.” She argued that the Fed policy was the primary culprit for the ongoing banking crisis since there was a venture capital funding drought. Cry

Adoption may be about to explode faster than anyone expects.

As bitcoin rises like it did in 2017 and 2021 we tend see a lot of adoption in terms of accepting bitcoin for sales of goods and services, we even see people accepting realestate sales in bitcoin. What happens when the price is rising as we are living through a financial crisis and a wave of bank failures around the world. Its possible we see adoption on another level like we have never seen before. There is a law that states things appear to be adopted slower than we expect in the short term but are adopted faster than anyone expects in the long term. This is because 90% of the adoption happens in 10% of the time. If you need to sell your home but bank issues are preventing you from being able to sell you will probably offer bitcoin as an option just to get the sale. If you are a business trying to sell your goods and services but banks are failing you and this business is your livelihood then you will likely add bitcoin as a payment option just as a way to try and ensure you can

Coinbase met with Australian banking regulators over local crypto regulations

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Coinbase’s vice president of international policy told Cointelegraph the meetings took place in Canberra and Sydney and touched on the government’s token mapping efforts. The Reserve Bank of Australia and Treasury have been holding private meetings with executives from Coinbase, with discussions revolving around the future of crypto regulation in Australia. Responding to Cointelegraph’s request for comment, an RBA spokesperson confirmed recent reports that these private meetings had occurred, stating that Coinbase met with the RBA’s Payments Policy and Financial Stability departments this week “as part of the Bank’s ongoing liaison with industry.” Coinbase vice president of international policy Tom Duff Gordon, who was reported to have flown in for the meetings, also confirmed to Cointelegraph that meetings took place with Treasury in Canberra and Sydney. Consultation open! Today we released the token mapping consultation paper. This consultation is part of a multi step reform a

Euler Finance's offer to hacker: Keep $20M or face the law

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The hacker committed a $196 million flash loan attack on the Ethereum-based lending protocol on March 13. Ethereum-based noncustodial lending protocol Euler finance is trying to cut a deal with the exploiter that stole millions from its protocol, demanding the hacker returns 90% of the funds they stole within 24 hours or face legal consequences. The platform was exploited for $196 million on March 13 and Euler Labs sent its ultimatum to the flash loan attacker by transferring them 0 Ether (ETH) with an attached message on March 14: “Following up on our message from yesterday. If 90% of the funds are not returned within 24 hours, tomorrow we will launch a $1M reward for information that leads to your arrest and the return of all funds.” euler just sent an on-chain message to the hacker pic.twitter.com/0wKIW51NjM — 0xngmi (llamazip arc) (@0xngmi) March 14, 2023 The threat of law enforcement comes as Euler sent the hacker a much more civil message the day before. “We underst

Bitcoin hits back

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submitted by /u/GaloBank [link] [comments] from Bitcoin - The Currency of the Internet https://ift.tt/UXiPg6B from Earning Money & Investing Online with BitcGuide https://ift.tt/H170OkR via BitcGuide

Bitcoin market cap flips tech giant Meta, widens gap on Visa

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BTC’s market cap has climbed to the 11th spot amongst top assets by market cap and now sits behind electric vehicle maker Tesla. Despite a turbulent week for crypto following the downfall of Silicon Valley Bank (SVB) and Signature Bank, Bitcoin ( BTC ) market cap has managed to flip that of tech giant Meta. At the time of writing,  data from Companies Market Cap shows Bitcoin's market cap has reached $471.86 billion, surpassing that of Meta’s market cap of $469 billion. Companies Market Cap provides real-time monitoring and ranking of market caps for cryptocurrencies , public companies, precious metals, and ETFs. Bitcoin's market cap standing compared to other assets. Source: Companies Market Cap Only 24 hours earlier, BTC’s market cap was nearly $37 billion below Meta’s market cap, sitting at $433.49 billion compared to Meta’s market cap of $469 billion. However, Bitcoin’s market cap rose 9.7% in the past 24 hours, pushing the cryptocurrency to sit in the 11th spot a

Nissan files 4 new web3 trademarks, trials sales in the metaverse

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Nissan has recently filed four new Web3 trademarks for its Infiniti, Nismo and Nissan brands. Japanese automotive brand Nissan has become the latest car manufacturer to ramp up its Web3 efforts, filing four new Web3-related trademarks filed in the United States, while its Japan unit is experimenting with auto sales in the metaverse. According to Nissan’s Mar. 7 trademark applications to the United States Patent and Trademark Office (USPTO), the new filings cover its Infiniti , Nismo and Nissan brands. #NISSAN has filed 4 trademark applications for ▶️ INFINITI ▶️ NISMO ▶️ NISSAN The filings signal plans for Virtual Clothes + Cars Stores for Virtual Goods + NFTs NFT Marketplaces + Trading + Minting Metaverse Advertising Services #NFT #NFTCommunity #Metaverse #Web3 #Car pic.twitter.com/iG3ZVgyD5t — Mike Kondoudis (@KondoudisLaw) March 13, 2023 The filings to the USPTO reveal Nissan's plans to create virtual clothes, cars, headgear, trading cards, toys, tickets