Bitcoin News and Finance: What You Need to Know

On Wednesday, the multichain wallet Bitkeep announced it raised $30 million from the crypto derivatives platform Bitget. Bitkeep now has an overall valuation of $300 million, with goals aimed at strengthening the links between decentralized finance (defi) and centralized finance (cefi). Bitget Invests $30 Million in Bitkeep; Wallet Firm Is Now Valued at $300M Crypto derivatives exchange Bitget has announced that it has invested $30 million in the multichain wallet company Bitkeep , making it the startup’s controlling stakeholder. Bitget detailed on Wednesday that the wallet will gain access to the exchange’s technology and security features. Bitkeep is a multichain wallet that allows users to connect to various defi applications and non-fungible token (NFT) projects. Bitkeep wallet users can access blockchains like Bitcoin ( BTC ), Solana (SOL), Fantom (FTM), Polygon (MATIC), Tron ( TRX ), Heco (HT), Ethereum ( ETH ), Binance Smart Chain (BSC), and OEC (OKT). The wallet managed to...

The U.S. Securities and Exchange Commission (SEC) has sent Coinbase a “Wells notice” about potential violations of securities law. The Nasdaq-listed cryptocurrency exchange noted that, unlike what SEC Chairman Gary Gensler said, the securities regulator “will not let crypto companies ‘come in and register.'” Coinbase CEO Brian Armstrong explained: “A Wells notice typically precedes an enforcement action.” Coinbase Receives a ‘Wells Notice’ From SEC Cryptocurrency exchange Coinbase (Nasdaq: COIN) announced Wednesday that it has received a “Wells notice” from the U.S. Securities and Exchange Commission (SEC) “regarding an unspecified portion of our listed digital assets, our staking service Coinbase Earn, Coinbase Prime, and Coinbase Wallet after a cursory investigation.” Coinbase detailed in a blog post: Today’s Wells notice does not provide a lot of information for us to respond to. The SEC staff told us they have identified potential violations of securities law, but little ...

Bitcoin moved closer to a fresh nine-month high on Wednesday, as markets prepared for today’s Federal Reserve interest rate decision. The Fed is expected to hike rates by 0.25%, despite inflation falling last month to 6%. Ethereum briefly rose above $1,800 in today’s session. Bitcoin Bitcoin ( BTC ) closed in on a fresh nine-month high in today’s session, as markets continued to anticipate today’s Federal Reserve rate decision. Following a low of $27,785.11 on Tuesday, BTC /USD surged to an intraday peak of $28,439.56 earlier in today’s session. The move sees bitcoin move back towards a recent nine-month high, which was recorded earlier in the week. Bitcoin chart by TradingView This latest surge in price comes as the 14-day relative strength index (RSI) attempted to break out of a ceiling at 72.00 As of writing, the index is tracking at 71.70, which is its highest reading since early-February, and deep in overbought territory. Traders are likely waiting for this afterno...

According to Claudio Riff, the CEO of Pooky, a sport prediction game powered by blockchain, gaming may be one of the more effective ways of getting users to experience the potential of blockchain and Web3 without dealing with the associated complexities. Onboarding People to Web3 Through Gaming Pointing to the gaming industry’s appeal and reported market value of over $200 billion in 2021, the CEO of Pooky postulated that having more blockchain-based games could potentially help “onboard a critical mass of users onto Web3.” In written responses sent to Bitcoin.com News via Whatsapp, Claudio Riff , an early-stage investor, explained why using games to educate users about Web3 technologies is believed to be more effective than doing so the conventional way. He also highlighted the difference between sports betting and a new phenomenon known as sport prediction and why the latter is seen as a better game. Below are Riff’s responses to the questions from Bitcoin.com News. Bitcoin.co...

PRESS RELEASE. Dubai, UNITED ARAB EMIRATES, March. 22nd , 2023, Undeads Metaverse , a highly anticipated AAA Web3 game, is excited to announce a competition for Undeads NFT holders. The competition will be broken down into three prizes. The first prize is the coveted MAYC NFT, while the second prize is the Bored Ape Kennel Club NFT. The third prize is the Otherdeed NFT. Each prize is worth fighting for, as all three NFTs are blue-chip digital assets that any NFT collector would love to have in their portfolio. A total prize pool value exceeds 20ETH. The competition is straightforward. To win the MAYC NFT, participants have to mint and reveal the 4th rarity level zombie with specific traits. The traits of required zombie will are listed in rules of the contest that ends on April 10 . The BAKC NFT will go to the holder of another epic zombie, while the Otherdeed NFT will be awarded to the person who mints the rare 3rd level rarity zombie with specific traits. The beauty of this ...

The Central Bank of Venezuela is lagging when it comes to delivering economic data this year, failing to publish the inflation numbers for the last four months. Venezuelan economists believe this delay might mean that the country is starting to enter a new hyperinflation period, with the government trying to hide it by not offering up the figures. Central Bank of Venezuela Owes Public Four Months of Economic Data The Central Bank of Venezuela has not published the economic data corresponding to the last four months, making economists worried about the cause of the delay. The institution still has not issued the inflation figures corresponding to November 2022, December 2022, January 2023, or February 2023, leaving consulting firms blindfolded and unable to make recommendations to their affiliated companies when it comes to economic strategy. But according to Jesus Casique, a Venezuelan economist, inflation figures are just the tip of the iceberg regarding the missing data. Casique ...

Bitzlato users can now partially withdraw their bitcoin funds from the dismantled cryptocurrency exchange, according to a media report. The Russia-linked trading platform was targeted by Western law enforcement and had its France-based server infrastructure seized in January. Bitzlato Customers Allowed to Withdraw Up to 50% of Their Bitcoin at the Exchange Users of Bitzlato’s web portal and app can now withdraw a portion of the funds they had with the crypto exchange when it was busted by French and U.S. authorities in mid-January. Since Monday, its clients have access to half of their bitcoin ( BTC ) balances. Account holders can withdraw up to 50% of their bitcoins, Bitzlato representatives told the Russian-language crypto news outlet Forklog. The minimum withdrawal amount is 0.001 BTC and the commission is 0.0003 BTC , the report detailed. Withdrawals can be ordered through a Telegram bot and users need to provide the email address of their Bitzlato account, the article expla...