GameStop wipes out $3B in market cap as stockholders question Bitcoin plan
GameStop shed nearly $3 billion in market capitalization on March 27 as investors second-guessed the videogame retailer’s plans to stockpile Bitcoin (BTC), according to data from Google Finance. On March 26, GameStop tipped plans to use proceeds from a $1.3 billion convertible debt offering to buy Bitcoin — an increasingly popular strategy for public companies […]
3 reasons why Bitcoin price can’t take out the $90K resistance level
Since reaching a weekly high of $88,752 on March 24, Bitcoin (BTC) price has formed a series of lower highs and lower lows in the 1-hour time frame chart. As the end of the week approaches, Bitcoin price has failed to break above the $88,000 resistance, reducing the chance for a $90,000 retest before the […]
Senator John Kennedy grills SEC nominee Paul Atkins about SBF pardon
US Senator John Kennedy grilled prospective Securities and Exchange Commission (SEC) chairman Paul Atkins about a potential pardon for Sam “SBF” Bankman-Fried during the Senate Banking Committee’s March 27 nomination hearing. The Louisiana Republican directed a series of questions about the former FTX CEO toward Atkins and probed the prospective SEC chairman about donations Bankman-Fried’s […]
Senator Cruz introduces companion bill to prohibit the Fed from issuing a CBDC
US Senator Ted Cruz introduced a bill on March 26 to prohibit the Federal Reserve from issuing a central bank digital currency (CBDC). The “Anti-CBDC Surveillance State Act,” would prohibit the Fed from offering certain products or services directly to American individuals, a key component of any CBDC. The Texas Republican’s bill can be considered […]
Bitcoin price rally stalls as gold nears record $3.1K
Bitcoin (BTC) faced mixed forces on March 27 as a combination of fresh US trade tariffs and macroeconomic data weighed on risk assets. BTC/USD 1-hour chart. Source: Cointelegraph/TradingView Gold leaves Bitcoin in the dust amid tariff woes Data from Cointelegraph Markets Pro and TradingView showed BTC price volatility returning at the Wall Street open. BTC/USD […]
USDT0 deployed on OP Superchain
Crosschain US-dollar stablecoin USDT0 has been deployed to Optimism’s Superchain, increasing access to the world’s most widely used stable asset across Ethereum’s layer-2 ecosystem. On March 27, Optimism announced that the dollar-pegged USDT0 is now live on the OP mainnet. The crosschain stablecoin’s first deployment was on Ink, Kraken’s DeFi-focused layer-2. USDT0 is essentially a […]
Prospective SEC chair pressed on sale of FTX-tied firm
Lawmakers in the US Senate Banking Committee questioned prospective Securities and Exchange Commission (SEC) member Paul Atkins on his ties to the crypto industry and how he might regulate digital assets if confirmed. Questioning Atkins at his nomination hearing on March 27, Massachusetts Senator Elizabeth Warren said the former SEC commissioner had had “staggeringly bad […]
Circle, Intercontinental Exchange to explore stablecoin integration
Stablecoin issuer Circle and Intercontinental Exchange (ICE), the company that operates the New York Stock Exchange (NYSE) among others and provides clearinghouse services, are collaborating to explore stablecoin integration in ICE’s operations. The companies will explore the potential integration of Circle’s US dollar stablecoin (USDC) and its US Yield Coin (USYC) into ICE’s derivatives exchanges, […]
What are crypto payment gateways, and how do they work?
Key takeaways Crypto payment gateways enable businesses to accept cryptocurrency payments from customers. They act as intermediaries, converting crypto payments into the business’s preferred currency (crypto or fiat). Crypto payment gateways reduce transaction fees compared to traditional banking systems and provide access to a global customer base. These gateways leverage blockchain technology to offer secure […]
Ripple, Chipper Cash partner for faster and cheaper African remittances
Ripple has partnered with African payment infrastructure provider Chipper Cash to support crypto-enabled cross-border payments. According to a March 27 announcement, Chipper Cash will use Ripple Payments for its cross-border transactions as part of the deal. The companies said the partnership is designed to offer faster, cheaper and more efficient settlements. Chipper Cash. Source: Chipper […]