Author: Steven Sahiounie

The exchange denies that any of the tokens former Coinbase manager Ishan Wahi inside-traded with associates were securities because Coinbase doesn’t list securities – but it would like to if the SEC gave it proper rules and guidance. The digital assets that Coinbase lists are not securities, but Coinbase, if given proper guidance and rules from the Securities and Exchange Commission, would like to list securities, Coinbase said Monday in an amicus brief. But the SEC’s willingness to work with the exchange in a productive fashion has been limited, the brief reads. Coinbase filed the amicus, or friend of the court…

The bug pertains to the way peer-to-peer communications are conducted on blockchain networks such as Litecoin and Zcash. Blockchain security Halborn says a vulnerability it found last year on the open-source codebase of the Dogecoin network is still present in at least 280 other networks, as per a Monday post. During an assessment in 2022, the researchers found several critical vulnerabilities that could have been exploited by attackers to compromise the network. At the time, Dogecoin developers addressed and resolved the vulnerabilities. However, further investigations by Halborn revealed that similar vulnerabilities were present in several other networks, including Litecoin and Zcash.…

The event managed to bring senior leaders from India’s ruling party and the opposition benches. On Saturday, India’s crypto industry pulled off a near coup by bringing lawmakers and members of India’s ruling party to a conference discussing Web3. Indian exchange CoinDCX, backed by the industry’s policy body, Bharat Web3, and media outlet Forbes brought lawmakers to an event titled “Namaste Web3” at one of New Delhi’s five star luxury hotels, to discuss India’s G-20 presidency and potential opportunities for India in the Web3 sector. The conference managed to bring senior leaders from India’s ruling party – National Vice President…

The largest cryptocurrency was trading at just over $24,700 during the Asian morning hours on Tuesday. Bitcoin (BTC) added over 11% in the past 24 hours to trade above $24,700 on Tuesday, retracting all losses from over the weekend and setting a three-week high. The movement possibly came as a surprise to traders who may have otherwise bet on declining prices after two key crypto-friendly banks were shut last week and USD Coin (USDC), a major stablecoin, depegged. Over $100 million worth of bitcoin shorts, or bets against a rise in prices, was liquidated on Monday. This was the highest…

Major banks are still willing to work with crypto firms, though they may restrict services, according to messages from DCG viewed by CoinDesk. Crypto conglomerate Digital Currency Group (DCG) is trying to find new banking partners for portfolio companies following the collapse of Silicon Valley Bank (SVB), Signature Bank (SBNY), and Silvergate (SI), according to messages viewed by CoinDesk. Santander (SAN), HSBC (HSBA), Deutsche Bank (DB), BankProv, Bridge Bank, Mercury, Multis and Series Financial are still willing to connect with crypto firms, according to the messages. DCG’s efforts come on the back of banking failures in the U.S., which left a…

When the Federal Reserve starts to raise interest rates, it generally keeps doing so until something breaks, or so goes the collective Wall Street wisdom. So with the second- and third-largest bank failures ever in the books happening just over the past few days, and worries of more to come, that would seem to qualify as significant breakage and reason for the central bank to back off. Not so fast. Even with the failure over the past several days of Silicon Valley Bank and Signature Bank that forced regulators to spring into action, markets still expect the Fed to keep up its inflation-fighting…

Shares in the US financial and brokerage company Charles Schwab tumbled on Monday, as concerns rippled through the financial sector due to the recent collapse of tech and start-up-focused Silicon Valley Bank and crypto-related Signature Bank. The Texas-based financial services corporation’s stock slumped by more than 20% during Monday trading, representing the company’s worst one-day sell-off since April 2000. The wipeout came as the company touted its resilience after a reported 28% decline in average margin balances in February from a year earlier. In a statement, Schwab’s Chief Financial Officer Peter Crawford reassured shareholders and clients that cash outflows hadn’t…

High inflation and energy bills continue to squeeze incomes, a consumer tracker shows As the cost-of-living crisis impacts British households, many are cutting down on food while living in cold homes, according to the latest findings from the ‘Which?’ consumer insight tracker. The monthly survey commissioned by the Food Standards Agency (FSA) revealed that 8.1% of households missed a housing, bill, loan or credit card payment in February. One in seven people (15%) said they had skipped meals due to rising costs. Just over a quarter (27%) said they had gone without some foods, up from 21% in November. Meanwhile, 9% had…

Direct purchases have declined dramatically due to Western sanctions, according to official data German imports of Russian crude oil have ceased almost entirely amid EU sanctions, the country’s statistics service, Destatis, reported on Monday. Deliveries of Russian crude shrank by 99.9% in January to just 3,500 tons, down from 2.8 million tons imported in the same month last year, data showed. The share of Russian crude in Germany’s overall imports of the fuel dropped to 0.1% in January of this year, from 36.5% recorded in the same period in 2022. The numbers come in stark contrast even with…

The growing number of bank collapses signal that entire economies may be failing The US banking industry is reeling from a string of bank failures, which kicked off last week and continue to rattle both domestic and global markets. Economists spell doom and gloom for the economy, despite efforts to stem the fallout. Here are some facts. This article was originally published by RT.