Bitcoin (BTC) reclaims $41,000, with Terra’s LUNA leading the altcoin rally
Today, the larger cryptocurrency market is up 5%. Bitcoin (BTC) has rebounded 7% to $41,500 levels, which is a surprising move. Following a period of high volatility in the market, the market has recently rebounded. The anticipated executive order from the Biden administration appears to be getting a thumbs up from the market. Given the current geopolitical circumstances resulting from the ongoing Russia-Ukraine military crisis, Bitcoin and the crypto market as a whole can play a significant role. Commodity prices have been rising recently, with gold taking center stage. Risk assets, such as Bitcoin and stock, have, on the other hand, experienced significant losses. However, according to Santiment, an on-chain data provider, crypto debates are picking more steam. DBS Holdings Group Ltd. Chief Executive Officer Piyush Gupta stated in his recent report on March 9 that private cryptocurrencies such as Bitcoin will continue to emerge as a substantial store of wealth. He continued, “ Regulators and politicians “will be loath to give up control of monetary policy and economic management tools, and will therefore be very circumspect about letting private money grow. Having said this, I do think that private money (crypto) will continue to grow as a meaningful store of value, […]
Goldman Sachs partners with Galaxy Digital to give its clients exposure to ETH Fund
Goldman Sachs and Galaxy Digital have formed a strategic partnership that allows clients of Goldman Sachs who want to invest in the crypto industry to gain exposure through Galaxy Digital’s offerings. According to a new Securities and Exchange Commission filing, Goldman Sachs has been selling customers exposure to ETH through Galaxy Digital’s Ethereum Fund . […]
Treasury Department To Provide Financial Education Targeted At Crypto Investment
The Treasury Department officials opine that more education on crypto investment would be more helpful. Treasury Department in the United States is starting a new campaign to increase awareness about the dangers of investing in digital assets. According to a top Treasury Department official, the move comes as the asset class transforms from a specialized […]
Ormeus Coin: Siblings Charged Over Mining That Allegedly Yields $124 Million Fraud
The brother and sister duo will face charges including security fraud, wire fraud, and conspiring in the Ormeus Coin ICO. Ormeus Coin’s hoax has landed a pair of siblings in deep water with the US government, who have filed criminal charges against them for allegedly defrauding investors. The Securities and Exchange Commission (SEC) charged brothers […]