Altcoins rally and Bitcoin holds above $28K as all eyes focus on the Fed
(Kitco News) - Global financial markets trended higher on Tuesday as efforts to stabilize the banking system helped calm investors' nerves. Now, the focus is on the Fed and interest rates.
Sony explores blockchain technology with NFT integration for PlayStation
(Kitco News) - Sony has filed a patent for technology that integrates NFTs into its gaming consoles and allows them to be transferred to other gaming consoles or sold to other users.
IRS and Treasury issue new guidance on NFT taxation
(Kitco News) - The Treasury Department and IRS have issued new guidance on NFTs and are asking for feedback on their plan to tax them as a collectible under the current tax law.
Circle looks to make France its European home base after USDC de-peg
(Kitco News) - Circle is looking to expand its operations to France by applying to become a licensed Electronic Money Institution and a registered Digital Asset Service Provider.
Bitcoin hits a 2023 high above $28,500 as investors explore alternatives to banks
(Kitco News) - Bitcoin continues to gain favor in the eyes of global investors, hitting a 2023 high of $28,527 on Monday after Credit Suisse became the latest large bank to be bought out.
Florida Governor Ron DeSantis looks to block the creation of a digital dollar
(Kitco News) - Florida Governor Ron DeSantis, a presidential hopeful, has called for a ban on the creation of a central bank digital currency in the United States, citing surveillance and control.
Signature Bank's assets, minus the crypto, are now owned by Flagstar Bank
(Kitco News) - The FDIC announced that Flagstar Bank has purchased the deposits and loans of Signature Bank, minus the digital-asset-related deposits.
Taiwan's crypto ecosystem gets its official regulator as Hong Kong attracts global crypto firms
(Kitco News) - Taiwan officially names the FSC as its primary crypto regulator while Hong Kong's pro-crypto regulation has attracted more than 80 firms looking to operate in the region.
Bitcoin and gold spike as central banks coordinate efforts to halt the banking contagion
(Kitco News) - Bitcoin and gold hit new 2023 highs after five of the largest central banks pledge to increase U.S. dollar liquidity in the global banking system.
Bitcoin spikes above $27K as banking concerns push investors to safe-haven assets
(Kitco News) - Cryptos overcome resistance to push higher on Friday as digital assets have gained favor, with investors looking for an escape hatch from the crumbling banking system.
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