Bitcoin and equities rallied late in the session, suggesting rate hikes may be mostly priced in and may not push markets down in the future

The post Market Wrap: BTC, Stocks Rally in Late Session Following Fed’s Rate Increase appeared first on Blockworks.

Ethereum giant ConsenSys just raised $450 million from the likes of Microsoft, Temasek, and SoftBank. It's ready to sink it into more Ether.

The post ConsenSys to buy more Ether, revamp MetaMask with $450M raise appeared first on Protos.

HSBC is the first global bank to enter The Sandbox metaverse, joining a swath of other big brands including Warner Music Group, Gucci and Adidas

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HSBC, a leading global banking and financial services provider, announced a partnership with blockchain gaming platform The Sandbox, in a statement released on Wednesday, to build its presence in the Hong Kong-based firm’s metaverse. See related article: Who are the biggest players in the metaverse today? Fast facts HSBC will develop a plot of LAND, […]

The trailblazing Ethereum dev shop closed a fresh fundraising round amid swirling controversy.

We are currently living in a transitory period as the internet makes way for Web3 – an age where blockchain will play a key role [...]

Germany’s Deutsche Bank has become the latest financial services giant to confirm it’s leaving Russia over Moscow’s military assault on Ukraine. The bank has been reducing its Russian exposure since 2014 when Russia annexed Crimea and the conflict in Eastern Ukraine erupted. Amid Ongoing War in Ukraine, Deutsche Bank Pulls Out of Russia Deutsche Bank,…

The post Deutsche Bank to Exit Russia, Says There Will Be No New Business There appeared first on Bitcoin News Miner.

On Thursday, the cryptocurrency market experienced another roller-coaster day, with some coins declining. One such example is Bitcoin which fell 5.9% to $39,432 when writing these words. The bitcoin market is still bearish, with prices dipping below $40,000 today. This comes after a slew of positive news about US President Joe Biden’s executive order that will likely focus more on the crypto sector. The crypto markets were not looking very promising today, with Bitcoin declining heavily and many other coins dropping as well. For example, Ether, the second-largest cryptocurrency, fell as much as 4.4% to $2,589.  Related Reading | TA: Ethereum Trims Gains, What Could Spark A Fresh Increase It’s still too early to tell if this will have any long-term effects on the industry, but the market has seen enough sell-offs already where people might want investments in other cryptocurrencies or even just gold until things calm down again. Bitcoin rose as much as 11% on Wednesday following an executive order from Biden that appears to frame digital assets in a positive light. However, those gains proved fleeting, and traders soon realized the news didn’t live up to their expectations. As a result, Bitcoin is once again trading near its average price over the recent two months ($39,000). The cryptocurrency markets were not immune to the bearish trend that has plagued US stocks over recent weeks. As a result, Bitcoin’s price took another leg lower, mirroring developments in traditional financial markets just as futures on both S&P 500 and Nasdaq 100 indexes turned negative sound the same time. This is not surprising, considering how closely correlated cryptocurrencies are with major indices like SP500 or NDX100. Related Reading | TA: Bitcoin Corrects Gains, Why Dips Could be Attractive In Short-term Bitcoin Performance Against Others It’s been a rough year for cryptocurrencies thus far, with Bitcoin outperforming Ethereum and falling 17.6% while NASDAQ has dropped 17.1%. However, in 5 days, BTC has continued its strong performance against Ethereum but underperformed against NASDAQ. On March 9th, Google searches for “Bitcoin” shot up dramatically, but in the last 24 hours, they’ve steadied and declined slightly. The trade volume, too, went down, resulting in a crash of BTC below $40,000 per coin. According to a recent survey, most people think that Bitcoin will be worth more than $60,000 by the end of 2022. However, there is a lot of fear right now surrounding Bitcoin crashes and the possibility of regulations. Only 5% of people surveyed by JPMorgan believe that BTC will be worth more than $100,000 by the end of 2022. Featured image from Pixabay, chart from Tradingview.com

A former Citi executive becomes COO of crypto custodian Copper.co

The post Latest in Crypto Hiring: FTX Adds Gaming Partnerships Lead appeared first on Blockworks.

The former co-head of digital assets said he wanted to assist in the maturation of the crypto market via a new venture

The post Citi Director Leaves To Start Own Crypto Company appeared first on Blockworks.

Russia's unprovoked war on Ukraine is shaking up crypto in unprecedented ways.

JPMorgan may be the first bank to open in a virtual world, but Quontic Bank won’t be far behind. The $1 billion Quontic is building a metaverse bank after going fully digital following the shutdown of its New York City brick-and-mortar presence in August 2021. The metaverse, which refers to a network of 3D worlds […]