Deloitte Signs Off on Reserves for Tether-Linked USAT Stablecoin

Deloitte & Touche, one of the Big Four accounting firms, issued an independent attestation on the reserve report backing USAt, a new US-regulated stablecoin from Anchorage, which is issuing USAT with Tether’s support. In a letter dated Feb. 27, Deloitte said it examined Anchorage’s assertion that the USAt (USAT) Reserve Report was prepared in accordance…

BTC long-term bull case remains, says Fabian Dori

Bitcoin’s BTC$67,192.61 volatility is likely to remain elevated in the near term, and prices could fall further, as crypto markets grapple with a liquidity squeeze and deeply fractured sentiment, according to Sygnum Bank chief investment officer Fabian Dori. But the longer-term picture, he argues, remains intact. “We can see volatility remaining high in the short…

Bitcoin ‘Death Cross’ Warns of 35% Decline Over the Next Month

Bitcoin (BTC) is flashing a fresh “death cross” on its three-day chart, marking the bearish signal’s first appearance since June 2022. Key takeaways: BTC/USD three-day price chart. Source: TradingView Past BTC death crosses preceded 35% drops A death cross pattern appears when the short-term 50-period moving average crosses below the longer-term 200-period moving average, and…

BOJ Tests Blockchain for Bank Reserve Settlement

The Bank of Japan will conduct technical experiments using blockchain technology to settle deposits held at the central bank by financial institutions, according to BOJ Governor Kazuo Ueda.  In a speech posted Tuesday titled “The New Financial Ecosystem and the Role of Central Banks,” Ueda said a sandbox project is underway to test settlement using…

US Senate Bill Seeks to Ban the Fed From Issuing a CBDC

An amendment has been proposed to the Federal Reserve Act to ban the US central bank from issuing a central bank digital currency (CBDC) until 2030.  The language appears near the end of the 300-page “21st Century ROAD to Housing Act” (HR 6644), released by the Senate Committee on Banking, Housing, and Urban Affairs on…

XRP Price May Drop Another 30% Amid Increased Exchange Inflows

XRP (XRP) risked a further drop below $1 as its bearish technical setup converged with increased inflows to exchanges. Key takeaways: XRP faces overhead resistance at $1.42 XRP’s 13% rally to $1.43 between Saturday and Sunday ran into a resistance wall at $1.39-$1.43, causing it to retrace to its price at writing of $1.34. The…

BTC Price Bottom is Forming as Four-Year Halving Cycle Ends Says VanEck CEO

​The price of Bitcoin is close to its bottom, according to VanEck CEO Jan van Eck, pointing to the winding down of the four-year cycle. Speaking with CNBC on Monday, van Eck said his firm expects Bitcoin (BTC) to gradually start picking up this year, arguing that the four-year halving cycle has been the primary…

Iran Crypto Outflows Rose 700% After US-Israel Attack

Iran’s top crypto exchange saw a significant spike in crypto withdrawals within minutes of the US and Israel launching strikes in Tehran on Saturday. However, a widespread internet outage curbed additional outflows. In a post on Monday, Elliptic said crypto outflows from the Nobitex exchange surged by more than 700% to over $500,000 within minutes…

U.S. Senate housing bill includes CBDC ban

The Senate Committee on Banking, Housing and Urban Development included a provision temporarily barring the Federal Reserve from issuing a central bank digital currency in its bipartisan bill to boost housing in the U.S. The “21st Century ROAD to Housing Act,” introduced Monday by Committee Chairman Tim Scott and Ranking Member Elizabeth Warren, respectively the…

US Authorities Seek to Recover $327K USDt from Romance Fraud Scheme

A February report claimed that Tether had frozen about $4.2 billion worth of its USDt stablecoin allegedly connected to illicit activities since 2023. The US Justice Department is seeking to recover about $327,829 worth of stablecoins allegedly connected to a money laundering scheme part of an online romance scam. In a Monday notice, the US…