Crypto

Source: Coin Tegraph A member of the Texas legislature has proposed a bill that could limit the amount local and state authorities invest in cryptocurrency as a reserve asset. In a bill filed on March 10, Texas Representative Ron Reynolds proposed the state’s comptroller not be allowed to invest more than $250 million of its…

Source: Coin Tegraph Bitwise has launched an exchange-traded fund (ETF) holding stocks of companies with large Bitcoin (BTC) treasuries, the asset manager said on March 11.  The Bitwise Bitcoin Standard Corporations ETF (OWNB) “seeks to track the Bitwise Bitcoin Standard Corporations Index, a new equity index of companies with at least 1,000 bitcoin in their…

Source: Coin Tegraph Investment banking firm Cantor Fitzgerald has selected Anchorage Digital and Copper as its Bitcoin custodians and collateral managers as it launches its new digital asset financing business targeting institutional investors. In a March 11 announcement, Cantor Fitzgerald said it is rolling out its Bitcoin (BTC) financing business with $2 billion in initial…

Source: Coin Tegraph THORChain has been called a money laundering protocol — a label no decentralized finance (DeFi) project wants unless it’s prepared to have regulators breathing down its neck. Its supporters have fended off the criticism by championing decentralization, while its critics point to recent activities that showed some of the protocol’s centralized tendencies….

Source: Coin Tegraph Bitcoin (BTC) dropped to a four-month low of $76,700 on March 11, following a 6% weekly decline in the S&P 500 index. The stock market correction pushed the index to its lowest level in six months as investors priced in higher odds of a global economic downturn. Despite Bitcoin’s 30% drop from…

Source: Coin Tegraph CoreWeave announced on March 11 that it had struck a five-year deal worth up to $11.9 billion with OpenAI, the nonprofit research and development company that created ChatGPT. Through the deal, OpenAI will become an investor in CoreWeave through the issuance of $350 million of stock, while CoreWeave will deliver AI infrastructure….

Source: Bitcoinist Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Bitcoin (BTC) and Ethereum (ETH) have been hit with massive selling pressure as fear grips not just the crypto market but also U.S. stocks. The entire crypto sector has struggled amid negative macroeconomic conditions, with investors uncertain about the market’s next…

Source: Coin Tegraph Cryptocurrency exchange Coinbase is one step closer to relaunching its services in India after securing a license with the country’s Financial Intelligence Unit (FIU).  On March 11, the crypto exchange revealed on social media that “we’re approved to launch in India,” which prompted a follow-up from Coinbase’s chief legal officer, Paul Grewal….

Source: Bitcoinist Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Acting SEC Chairman Mark Uyeda announced on March 10 that the regulatory body is working on abandoning a potentially horrendous rule that would require crypto firms to register as exchanges. The said rule would’ve broadened the spectrum of what could…

Source: Coin Tegraph THORChain has been called a money laundering protocol — a label no decentralized finance (DeFi) project wants unless it’s prepared to have regulators breathing down its neck. Its supporters have fended off the criticism by championing decentralization, while its critics point to recent activities that showed some of the protocol’s centralized tendencies….