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Amid the crypto market facing another wave of panic, Cathie Wood’s ARKK keeps bagging record amounts of Coinbase stock this year.

Bitcoin feels the pressure from new banking chaos in the United States, with BTC price action falling below $20,000 for the first time in two months.

BTC and altcoin prices succumbed to this week’s negative newsflow, but sentiment analysis and on-chain data point to the possibility of a short-term bounce.

The tax would be phased-in at 10% per year over three years and covers electricity generated from both on and off-grid sources.

According to Mike Belshe, the United States Securities and Exchange Commission’s reluctance to address a “basic” regulatory issue like the issuance of a BTC ETF could have paved the way for FTX’s alleged illicit activities.

New York Attorney General Letitia James says the suit is the first time a regulator has claimed that Ether is a security in court.

The timing of opening the subsidiary was unfortunate, a spokesperson told Bloomberg, although the company held up to the crypto winter for quite a while.

The crypto market is down today after fallout from Silvergate Bank and a U.S. regulator-led lawsuit against KuCoin weighed on investor sentiment.

Silvergate’s closure may increase risks related to banking concentration and introduce new challenges for venture capital firms, sources claim.

Central bank digital currencies will give governments around the globe unprecedented power to surveil (and control) your financial activity.