Cryptocurrency Market Update on March 23rd. Market Stats. Market capitalization: $1,189 billion. Index Value: 57.
23 Mar 2023, 08:00
Cryptocurrency Market Update on March 23rd
📉Market Stats
💸Market capitalization: $1,189 billion
📈Index Value: 57
💱Sentiment: Greed
💰Volume 24h: $82 billion
📰News update
➡️SEC sends Coinbase Wells Notice, warning of potential federal securities law violations
➡️Circle sidesteps SWIFT after bank collapses, turns to Gibraltar's Xapo Bank
The SWIFT network may be in for some competition after Gibraltar-based Xapo Bank said it will collaborate with stablecoin issuer Circle to offer to members a means bypass the banking payment system with USDC
➡️SEC investigating Coinbase for its Earn product, wallet service and exchange activity
Exchange giant Coinbase was issued a Wells Notice by the Securities and Exchange Commission, notifying the company of investigations into several offerings and continuing a string of regulatory warning shots
➡️Fed up! Chair Powell insists rate cuts are off the table; crypto prices fall on interest rate hike
Fed Chair Jerome Powell admits the central bank considered a pause in the past few days, but ultimately it chose to increase the Fed Funds target rate by 25 basis points.
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