Billionaire Tim Draper tells businesses to hold Bitcoin in the SVB aftermath
Draper said cryptocurrencies are a good option to hold excess cash as it needs to be a long-term holding that is easily saleable in times of crisis.
Happy Saturday
The global crypto market cap is $1.15 trillion with a 24-hour volume of $37.18 billion. The price of Bitcoin is $27,578.44 and BTC market dominance is 46.2%. The price of Ethereum is $1,750.19 and ETH market dominance is 18.6%. The best performing cryptoasset sector is Manufacturing, which gained 21%.
Latest News
Billionaire Tim Draper tells businesses to hold Bitcoin in the SVB aftermath
Draper said cryptocurrencies are a good option to hold excess cash as it needs to be a long-term holding that is easily saleable in times of crisis.
Bitwise CIO sees ‘no path forward’ for spot Bitcoin ETF
Bitwise CIO Matthew Hougan Speaks on the SEC's Stance on Spot Bitcoin ETFs
Crypto scams, exploits down 71% YoY as $370M lost since January
Euler Finance, BonqDAO, and CoinDeal recorded the highest losses with $196 million, $120 million, and $45 million, respectively.
Dogecoin dev tool update adds QR codes, moon phases, BIP-39 seed support
Michi Lumin described the update as a "big one" and said the release includes several new features as well as various fixes and improvements.
Justin Sun: Huobi believes SEC impact is over
The Huobi advisor commented on the fallout of charges against his other projects.
Bitcoin makes partial recovery after 4% drop brings price near $27.2K
Several news events may have impacted investor sentiment negatively.
Crypto twitter turns Greenpeace’s attempt to vilify BTC via art piece into meme
The Skull of Satoshi is the latest in Greenpeace's now year-long "Change the code" campaign to vilify Bitcoin by painting it as an environmental hazard.
Nasdaq to launch crypto custody service for BTC, ETH in 2023 to inaugurate digital assets arm
Nasdaq is the latest traditional financial giant to pivot toward crypto — joining the ranks of Fidelity Investments, BNY Mellon and BlackRock.
Bitcoin cannot be stopped – Regulators will only be playing Whack-a-Mole: Caitlin Long
Caitlin Long says Operation Chokepoint 2.0 is real, but stifling the U.S. crypto industry will bring other problems down the line.
Investment in European crypto startups defied the 2022 bear market
European crypto startups raised a record level of funding last year and saw increased interest from U.S. investors.