SEC, DOJ investigating Silicon Valley Bank: WSJ

Two U.S. regulators have begun an early investigation into the failed Silicon Valley Bank (SVB), according to a report from the Wall Street Journal on March 14. SEC, DOJ reportedly investigating SVB SVB was closed by California financial regulators and taken over by the Federal Deposit Insurance Corporation (FDIC) on March 10. Now, two other…

KYVE mainnet launch on Pi Day brings decentralized, trustless data lakes on-chain

Blockchain data verification network KYVE successfully launched its mainnet on Pi Day (3/14) at 3:03:14 PM CET on March 14 after two years of development. The decentralized data lake is built using the Cosmos SDK as a Layer 1 blockchain and is designed to provide trustless data solutions for developers, node runners, and data analysts….

China’s NFT-related complaints surge 30,000% in 2022

The official complaints related to non-fungible token (NFT) scams, problems, and price manipulations the Chinese government received surged by 30,000% in 2022, according to Forkast News. Chinese regulators disclosed that they received 59,700 complaints throughout the year, as opposed to 198 in 2021, the report states. According to the regulators, most complaints are about failing…

Short-sellers see max pain as crypto market pumps following inflation report

Crypto short-sellers saw massive liquidation in the past four hours as the market pumped on the back of inflation numbers remaining within expected bounds. CoinGlass data shows that more than 85% of the $151.24 crypto liquidations over the period were short positions — amounting to roughly $130 million as of press time. Meanwhile, long liquidations…

Bitcoin breaks multiple key resistance levels on path to $26K

ARK Invest’s Cathie Wood ‘not surprised’ at crypto market rebound The CEO of ARK Invest said it was no surprise that decentralized, transparent, and auditable crypto market appreciated as U.S. regional bank stock imploded. 18 hours ago · 2 min read

CFTC forms new Tech Advisory Group, appoints high-profile crypto executives

Executives from Circle, TRM, Fireblocks, and other companies have been appointed by the CFTC to its new Tech Advisory Committee (TAC). In an official statement, Commissioner Christy Goldsmith Romero named Carole House — a former White House official — as its new chair, while Ari Redbord of TRM Labs was named as the vice chair….

NatWest introduces transaction limits to protect against crypto-criminals

UK-based NatWest Bank announced new limits to transactions to crypto exchanges in an effort to protect its users from “crypto-criminals,” as Reuters reported. The new rules will limit transactions to crypto exchanges to a maximum of £5,000 per 30 days — equating to a little over $6,000, according to Reuters. Users also won’t be able…

Welcome to the 2020’s – its going to be full of volatility

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Inverse Cramer ETF surpasses S&P 500 in first week of trading

The Inverse Cramer Tracker ETF, launched on March 2 on the Chicago Board Options Exchange, has surpassed market expectations by outperforming the broader market, just two weeks after going live. Despite not being founded on Jim Cramer’s financial advice, the fund has generated impressive returns, defying the current buying frenzy in the tech sector that…